Structural Adhesive Market Size, Share, Research and Forecast |Report 2019

(EstateNewsWire.com, October 16, 2019 ) Structural Adhesives – Market is estimated to be worth US $9,693.5 Million by 2026

The global structural adhesives market is estimated to grow at a CAGR of 6.61 % during forecast period 2019-2026.

Structural adhesives have the highest load-bearing capacity of all types of adhesives. They provide exceptional chemical and environmental resistance and are usually formulated to be 100% solid. Structural adhesives also be used to bond dissimilar materials and work well when the substrates have different geometries. They also play a role in the shift to composite materials. These materials reduce weight significantly but offer comparable stiffness to metal, but it is not usually compatible with welding or drilling. There are several reasons why structural adhesives are chosen for a wide variety of assembly operations. Unlike mechanical fasteners, they don't damage substrates by needing drilled holes, and there's no heat distortion.

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Increasing demand of structural adhesives for building automobiles has steadily increased over the years, and offers significant advantages over classic bonding techniques, including the ability to use lightweight design components with improved mechanical strength, which will add fuel to the growth of market. Currently, automotive manufacturers are using more lightweight components such as plastics and composites materials. These materials work well for reducing the weight of a vehicle and improving fuel efficiency. But on the other side, they also present a challenge during the assembly process. When have to integrate a non-metal component to a metal component, the manufacturer need to bond the parts together using a powerful adhesive which will propel structural adhesive market growth.

Polyurethane adhesives provide extremely strong bonding. Even before the adhesive dries and seals completely, the initial bond is strong enough that clamps and other types of securing instruments are unnecessary. This makes manufacturing and construction processes both simpler and cheaper. Polyurethane adhesives are also capable to lock threads against loosening caused by heavy vibrations and loads.

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North America is expected to grow at a higher pace during the forecast period.

North America formate brines market is valued at USD 3,973.66 million in 2018 and is estimated to grow at a CAGR of 7.11 % over the forecast period.

North America dominated the global structural adhesive market owing to rapid industrialization and growing demand from automotive industry. The rising volumes of production and an increase in the number of variants of vehicles sold around the globe have further propelled the demand of structural adhesive market. Increase in establishments of new commercial spaces and residential buildings across the region associated with increase in usage of structural adhesives by the manufacturers are the factors driving the china structural adhesives market. According to the data published in National Bureau of Statistics of China in 2018, the annual floor building space under construction increased from 12.6 billion sq. meters in 2016 to 13.1 billion sq. meters in 2017 proving equal market growth for China structural adhesives market. Growing establishments of high-rise buildings associated with increase in investment by the constructers in high protection due to high winds in higher floors.

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Market Players

The global structural adhesives market is fragmented with local and international players and is dominated by few players. The global structural adhesives market share is characterized by competition based on prices and service provided to clients. Major industry participants are based in the Europe and China. Major companies include 3M company, Dow Chemical, Henkel AG, Arkema and HB Fuller. The major focus of these companies is to achieve lower prices and to develop products with niche application and their investments are driven in the same direction. The manufacturers are focusing on new product development. For instance, Arkema has introduced new UV-curable resins. The new resins offer various benefits including flexibility, durability, and impact resistance.

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pr@datamintelligence.com

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