×
Sunday, November 27, 2022

Structural Adhesives Market anticipated to reach US$ 16.1 Bn by 2028: North America is expected to have a dominant outlook

Last updated Monday, November 7, 2022 12:15 ET , Source: Future Market Insights, Inc.

Newark, United States, 11/07/2022 / Future Market Insights, Inc. /

Future Market Insights (FMI), Dubai: As per the latest survey by FMI, the global structural adhesives market is estimated to top US$ 11.6 Bn in 2022. Increasing applications of structural adhesives in lamination, flooring, roofing, and coating across the construction sector are fueling the demand in the market.

Demand for fuel-efficient and electric vehicles is rapidly increasing across the world with increasing fuel costs. Hence, automotive manufacturers are emphasizing on using lightweight materials such as composites, plastic, and others to enhance the fuel efficiency of vehicles. As per FMI, the market is anticipated to reach US$ 16.1 Bn by 2028.

As structural adhesives play a crucial role in bonding substrate materials such as plastic and composites, increasing demand for lightweight materials within the automotive sector is projected to bolster the growth in the market. Driven by this, sales of structural adhesives are anticipated to rise at 5.6% CAGR between 2022 and 2028.

Further, growing usage of adhesives for structural bonding applications across the aerospace industry, owing to their outstanding performance qualities such as high heat resistance, impact-absorbing capacity, load-bearing capacity, and others is propelling the demand in the market.

This has assisted the market to account for around 18% of the total adhesives and sealants sales in 2021.

Request a report sample to gain comprehensive insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2667

Based on product type, the epoxy-based structural adhesives segment is projected to account for a significant share in the market through 2028. High flexibility, resistance to water, oil, and chemicals, and inertness compared to others adhesives are primary factors driving the growth in the segment.

“Increasing government emphasis for promoting the adoption of electric vehicles and increasing number of massive renewable energy generation projects across developing economies are expected to augment the growth in the market,” says a FMI analyst.

Key Takeaways from Structural Adhesives Market Study

  • The U.S. is estimated to account for the largest share in North America market, owing to increasing adoption of structural adhesives across the construction sector.
  • Europe is expected to hold nearly 26% of the overall sales through 2028, favored by surging demand for electric vehicles in Germany and the U.K.
  • China is projected to emerge as the most attractive structural adhesives market in East Asia, accounting for around 27% of the total sales over the assessment period.
  • India is forecast to register swift growth in South Asia market, on the back of growing customer inclination towards fuel-efficient vehicles in the country.
  • On the basis of product type, polyurethane is anticipated to remain the most sought-after adhesive, accounting for nearly 55% overall share between 2022 and 2028.

Key Drivers

  • Increasing use of structural adhesives for fabrication of automotive components such as doors, body panels, dashboard, and glass attachments are propelling the demand across the automotive industry.
  • Growing number of infrastructure development activities such as airports, hotels, resorts, residential buildings, and others across IndiaChina, and Brazil are favoring the growth across the construction sector.

Key Restraints

  • Implementation of stringent regulation regarding the emission of volatile organic compounds (VOC) is restraining the growth in the market.
  • Adverse effects associated with the structural adhesives such as shortness of breath, skin problems, fatigue, and dizziness are hindering the sales in the market.

We Offer tailor-made Solutions to fit Your Requirements, Request [email protected] https://www.futuremarketinsights.com/customization-available/rep-gb-2667

Competitive Landscape

Key manufacturers in the global structural adhesives market are investing in research and development (R&D) activities for novel adhesives with better curing properties as per changing industry standards for diverse industry verticals.

For instance,

  • In December 2021, Dymax, a leading curing and adhesives manufacturer, announced introducing a new adhesive specifically designed for electric vehicle battery assembly, 9501-F adhesive. The product has excellent bonding strength for fixing cylindrical battery cells to holders and plastic bases to create a complete battery pack structure.
  • In June 2021, Solvay, an international chemical company, announced launching a new range of adhesives for applications across aerospace industry. The new adhesives – AeroPaste 1009, 1100, 1006, and BR 179 non-chromate primer – provide processing flexibility and increase part assembly efficiency.

Some of the key players operating in the market profiled by FMI are:

  • 3M Company
  • Sika AG
  • Henkel AG & Co. KGaA
  • The Dow Chemical Company
  • H.B.Fuller
  • Scott Bader Co.
  • Uniseal Inc.
  • Huntsman Corporation
  • Ashland Inc.
  • Lord Corporation
  • Illinois Tool Works Inc.
  • Permabond LLC
  • MAPEI
  • Ardex

More Valuable Insights on Structural Adhesives Market

The latest report by FMI provides a detailed analysis of the global structural adhesives market, providing credible insights into key factor driving the market through 2022 and beyond. The study also disclosed growth projections on in structural adhesives market with detailed segmentation:

By Product Type:

  • Epoxy-based Structural Adhesives
    • One Component
    • Two Component
  • Acrylic-based Structural Adhesives
  • Polyurethane-based Structural Adhesives
  • Cyanoacrylates
  • Others

By Application:

  • Structural Adhesives for Transportation Sector
    • Structural Adhesives for Automotive Sector
    • Structural Adhesives for Aerospace Sector
    • Structural Adhesives for Marine Sector
  • Structural Adhesives for Building & Construction Sector
  • Structural Adhesives for Energy Sector
  • Others

By Region:

  • North America Structural Adhesives Market
  • Latin America Structural Adhesives Market
  • Europe Structural Adhesives Market
  • East Asia Structural Adhesives Market
  • South Asia & Pacific Structural Adhesives Market
  • Middle East & Africa (MEA)Structural Adhesives Market

For any Queries Linked with the Report, Ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-2667

Table of Content

1. Executive Summary

1.1. Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Selection Criteria for Structural Adhesives

2.4. Comparison of Structural Adhesives based on Properties

2.5. Parent Market Overview

3. Market View Point

to be continued…!

Have a Look at Related Research Reports of Chemicals & Materials

Styrene Butadiene Rubber Market Sales: The global styrene butadiene rubber market is expected to reach US$ 10,584.3 Million in 2022 and is anticipated to reach US$ 18,079.6 Million by 2032.

Adsorbents Market Demand: Growing adoption of adsorbents in diverse industries such as water treatment, oil & gas, food processing, and air separation in pharmaceuticals is expected to boost the market.

Technical Coil Coatings Market Size: Expanding at a healthy 4.9% CAGR, the market size is projected to total US$ 13.0 Bn by 2027.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

The post Structural Adhesives Market anticipated to reach US$ 16.1 Bn by 2028: North America is expected to have a dominant outlook appeared first on Future Market Insights.

Original Source of the original story >> Structural Adhesives Market anticipated to reach US$ 16.1 Bn by 2028: North America is expected to have a dominant outlook


This content is published on behalf of the above source. Please contact them directly for any concern related to the above. 

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.