New York, According to a new market research report published by Global Insight Services “Structural Adhesives Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
There are many types of adhesives available on the market, but not all are created equal. Structural Adhesives are a class of adhesives that are specifically designed for bonding dissimilar materials together. This makes them ideal for use in a wide variety of applications, from construction to automotive to aerospace.
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Key Trends
There are three key trends in Structural Adhesives technology.
The first is the trend toward using adhesives in construction and engineering applications. This is driven by the need for stronger and more durable bonds, as well as the desire to reduce weight and improve the aesthetic appeal of structures.
The second trend is the development of new and more versatile adhesives. This is in response to the need for adhesives that can bond to a variety of different materials, including metals, plastics, and glass.
The third trend is the increasing use of adhesives in automotive applications. This is driven by the need for stronger and more durable bonds, as well as the desire to improve the efficiency of assembly processes.
Key Drivers
The key drivers of the structural adhesives market include the increasing demand from the transportation and construction industries and the growing preference for adhesives over traditional methods such as welding and mechanical fastening.
The transportation industry is a major consumer of structural adhesives, as they are used in the assembly of vehicles. The construction industry is also a significant consumer of these adhesives, as they are used in bonding and sealing applications.
Market Segments
The structural adhesives market is segmented by substrate, technology, application, and region. By substrate, the market is classified into metal, composite, wood, and others. On the basis of technology, it is bifurcated into solvent-based, water-based, and others. Based on application, it is divided into automotive, aerospace, rail, marine, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global structural adhesives market includes players such as Ashland Global Holdings Inc, DuPont, H.B. Fuller, Henkel Ag & Co KGAA, Huntsman Corporation, Lord Corporation, Scott Bader Co, Sika AG, The 3M Company, Uniseal Inc., and others.
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Reasons to buy Structural Adhesives Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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