Global Structural adhesives market would be valued at US$ 14.74 Bn in 2022 and go for a good CAGR of 6.7% between 2022 and 2032. The market for structural adhesives is anticipated to witness steady growth over the coming years as the scope of application for structural adhesives increases across various industry verticals. Structural adhesives have gained popularity owing to their characteristic properties of high load-bearing capacity, high strength, faster curing time, etc.
Structural adhesives are also preferably used in the automotive industry due to their characteristic qualities. Automotive structural adhesives are anticipated to be highly preferred in the manufacturing of electric vehicles which are gaining popularity across the world.
Structural Adhesives Market by, Manufacturers, Regions, Type, and Application, forecast guide to light the excellent analysis on the market synopsis. The report offers a primary focus on important factors in the global Structural Adhesives industry. The report includes perceptive information about gross revenue, cost, value, capacity, pricing, and profit margins concerning historical analysis and forecast estimation for the 2022 to 2032-time period. It presents a close overview of the market’s restraints, challenges, opportunities, major drivers and current market trends, the supply chain and share market, and strategies impacting the global market along with estimates and forecasts of revenue and share analysis.
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The Structural Adhesives Market research offers a thorough analysis of the business models, important market dynamics, including the drivers, restraints, trends, and opportunities, key business models, and respective market shares of some of the leading key players in the market. Along with an in-depth analysis of the major driving factors, the detailed research provides market data in terms of revenues, segment-specific data, regional data, and territorial data. Providing unique information about the market’s anticipated growth from 2022 to 2028 is the primary goal of the Structural Adhesives Market report.
Key Takeaways from Market Study
- North America holds 28.3% of the structural adhesives market and the status quo is expected to be the same even going forward.
- The market for structural adhesives in Europe stands at a valuation of US$ 4.65 billion and accounts for a significant market share of 31.6% in the global marketplace.
- Polyurethane (PU) structural adhesives account for nearly 20% of the structural adhesives market.
- The global structural adhesives market is expected to witness 2X growth between 2022 and 2032.
Market Developments
The key participants are emphasizing on sustainability through development and tabling the products that would prove to be sustainable in the long run.
- Italy-based RALLK is into manufacturing the cement-hardening adhesives along with the other thermal coat adhesives to address the cement industry. The major advantage is that they do have a lower carbon footprint in comparison with traditional adhesives.
- Bostik (Arkema’s adhesive division), in May 2022, did announce launching its novel adhesive solution. It’s an extended arm of its commitment to “Responsibility for Hygiene”. This new-fangled Nuplaviva i90 Hot-Melt Wetness Indicator has renewably sourced contents.
- Henkel, in December 2018, acquired Aislantes Nacionales S.A. (Chile), so as to strengthen its position in the Chilean market.
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A thorough analysis of the entire market is made possible by the inclusion of granular segmentation by end-use, category, function, and geographic region in the global Structural Adhesives market report. Similarly, the existing and anticipated expansion of the Structural Adhesives business affects the market share of publications.
The research also includes profiles of the Structural Adhesives industry’s goods, sales, returns, competitive landscape, market structure, industry drivers, and key business challenges. The study calculates the market’s current growth rate, projected future growth, and the key drivers that will affect that growth in 2022. The research also anticipates sales for the years 2022 to 2032
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