Global Structural Adhesives Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global Structural Adhesives Market Overview:

“The global Structural Adhesives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global structural adhesives market report has been segmented on the basis of resin, applications, and region.

Structural adhesives are used to join parts without interfering or detracting from their finished or aesthetical look. Structural adhesive is also used to produce a load-bearing joint. It is generally applied to those adhesives that are used for engineering applications where joints will typically have lap shear strengths of greater than 1MPa and, normally greater than 10MPa.

Technological advancements in production of adhesives and sealants products, coupled with growing demand from automotive sector for various applications such as roof panels, doors, interior dashboards, etc., owing to properties such as resistant to moisture, chemical, vibration, and larger stress bearing capacity are major factors diving growth of the global structural adhesives market. In addition, increasing construction activities in developing countries and wide applicability of structural adhesives in construction sector for roofing, window panel, and wall coverings is another factor expected to support growth of the structural adhesives market. Furthermore, growing demand from marine and aerospace sector is expected to support growth of the global structural adhesives market.

However, harmful effects of structural adhesives on environment is a major factor restraining growth of the global structural adhesives market to certain extent.

Increasing R&D activities by major players and development of non-hazardous and eco-friendly product are expected to create new opportunities in terms of revenue for players operating in the global structural adhesives market over the forecast period.

The market in Asia Pacific is expected to dominate the global structural adhesives market in terms of revenue and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demand from electronic industry, growing automotive production in countries such as India and China, and presence of major manufacturers operating in the economies in this region.  The markets in North America and Europe are expected to witness steady growth, owing in stringent government regulations related to use of structural adhesives. The markets in Latin America and Middle East & Africa are expected to contribute significant revenue shares to the global structural adhesives market. The market in Latin America is expected to witness faster growth, owing to increasing construction activities in this region.

Global Structural Adhesives Market Segmentation:

By Resin:

• Epoxy
• Polyurethane
• Acrylic
• Methyl Methacrylate
• Cyanoacrylate

By Application:

• Building & Construction
• Automotive
• Marine
• Electronic
• Aerospace

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa