Epoxy is majorly used resin type of structural adhesive and its demand is expected to grow at a significant rate during the forecast period. Epoxy is widely used structural adhesive especially in niche applications where exceptional bonding strength is required.
Valley Cottage, NY -- (SBWIRE) -- 07/17/2017 -- Structural adhesives are special types of adhesives specially designed to bind nearly all thermoplastics, composite materials, and metals, other dissimilar substrates. These structural adhesives are used in many application including transportation, automotive, marine, HVAC, construction, wind energy, and industrial assemblies. As structural adhesives offers significant advantages over other methods of fastening so there use is increasing in aerospace and many other applications.
Structural Adhesives Market: Drivers and Restraints
The rising demand of structural adhesives in the growing automotive, and aerospace applications is driving the global structural adhesives market. Substantial growth in Asia Pacific region because of the increasing population and awareness about high quality products are expected to drive the structural adhesive market. The building and construction application segment is one the major segment for the consumption of structural adhesives. The demand from construction of dams, airports, bridges, railroad crossings, tunnelling, and other infrastructural activities are fuelling the demand for structural adhesives. Epoxy is majorly used resin type of structural adhesive and its demand is expected to grow at a significant rate during the forecast period. Epoxy is widely used structural adhesive especially in niche applications where exceptional bonding strength is required.
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Structural Adhesives Market: Segmentation
On the basis of Material Type,
On the basis of Application Type,
Construction & Building
Structural Adhesives Market: Region Wise Outlook
The global Structural Adhesives Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ and Japan together leads the global Structural Adhesives Market in terms of demand, followed by North America and Western Europe. The high demand from APEJ region is likely to become a major driver for global structural adhesives market. This is mainly due to rising demand from automotive, bus & truck, building and construction, and aerospace applications. Rising population in the region, competition of manufacturers to make high quality products, and growing innovations and developments in end use industries are making the region as a strategic destination for the global structural adhesives market.
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Structural Adhesives Market: Key Players
Hubei Huitian Adhesive Enterprise Co.
Dow Chemical Company