Structural Adhesives Market Growth Factor Details 2018: Current and Future Market Size, Share, Growth, Trends and Forecasts to 2030 The new report titled ‘Global Structural Adhesives Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Structural Adhesives market outlook over the forecast duration (2019-2027). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Structural Adhesives market.
The latest research report serves as a perfect example of the precise analysis of the global Structural Adhesives market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Structural Adhesives industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
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The Structural Adhesives Market is a rapidly growing sector in the adhesives and sealants industry, driven by the increasing demand for high-performance bonding solutions in various end-use industries. Structural adhesives are used to bond two or more substrates together, providing high strength and durability. These adhesives are widely used in industries such as automotive, aerospace, construction, and electronics, among others.
The global structural adhesives market size was USD 17.38 Billion in 2022 and is expected to register a revenue CAGR of 5.2% during the forecast period, according to the latest analysis by Emergen Research. One of the key drivers of the Structural Adhesives Market is the growing demand for lightweight and fuel-efficient vehicles. The automotive industry is increasingly adopting structural adhesives to reduce the weight of vehicles and improve fuel efficiency. Structural adhesives offer a high-strength bonding solution that can replace traditional mechanical fasteners, reducing the weight of the vehicle and improving its performance.
Another driver of market growth is the increasing use of composites in various industries. Composites are materials made by combining two or more materials to create a new material with superior properties. Structural adhesives are used to bond composite materials, providing high strength and durability. The growing demand for composites in industries such as aerospace, wind energy, and construction is driving the demand for structural adhesives.
However, the Structural Adhesives Market also faces certain restraints that may hinder its growth. One of the major challenges is the high cost of structural adhesives compared to traditional mechanical fasteners. Structural adhesives often require specialized equipment and expertise for application, which can add to the overall cost. The cost factor can limit the adoption of structural adhesives, particularly in price-sensitive industries.
Additionally, the market is also influenced by the stringent regulatory requirements governing the use of adhesives in various industries. Structural adhesives are subject to various regulations and standards to ensure their safety and performance. Compliance with these regulations can be time-consuming and costly for manufacturers, which may limit market growth.
Despite these challenges, the Structural Adhesives Market is expected to witness significant growth in the coming years, driven by various growth factors. Technological advancements in adhesive formulations and application methods are enhancing the performance and efficiency of structural adhesives. These advancements are expected to improve the adoption of structural adhesives in various end-use industries.
According to a report by the International Energy Agency (IEA), the global wind energy capacity is expected to reach 1,200 GW by 2025. This statistic highlights the potential market size for structural adhesives in the wind energy industry, as these adhesives are used to bond composite materials in wind turbine blades. Furthermore, the National Institute of Standards and Technology (NIST) estimates that the use of structural adhesives in the aerospace industry can reduce the weight of aircraft by up to 15%.
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Table of Contents:
Chapter 1 includes an introduction of the global Structural Adhesives market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors. Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations. Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors. In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline. Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application. Top competitors of the Structural Adhesives Market profiled in the report include:
Henkel Adhesives Technologies, Sika AG, The 3M Company, DuPont, ITW Chemin, H.B. Fuller Company, Scott Bader Company Ltd., Dymax, L&L Products, and Parson Adhesives, Inc
Emergen Research has segmented the global 777 on the basis of product, fitting, application, and region:
Technology Outlook (Revenue, USD Billion; 2019-2032) Solvent-Based & Reactive Water-Based Others
Application Outlook (Revenue, USD Billion; 2019-2032) Building & Construction Automotive Aerospace Others
Resin Outlook (Revenue, USD Billion; 2019-2032) Epoxy Polyurethane (PU) Acrylic Others
Regional Analysis of the Structural Adhesives Market:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report considers the following timeline for market estimations:
Historical Years: 2017 – 2018 Base Year: 2019 Estimated Year: 2027 Forecast Years: 2020 – 2033
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment. Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions. The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Structural Adhesives market. The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
What is the estimated market growth rate throughout the forecast period? Which end-use industry is expected to witness the highest demand for Structural Adhesives in the near future? What is the regulatory framework governing the application of Structural Adhesives in the food industry? Which manufacturing processes are utilized for the production of Structural Adhesives?
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Structural Adhesives Snapshots
Structural Adhesives Market Size Structural Adhesives Market Share Structural Adhesives Market Trends Structural Adhesives Regional Market Demand
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