Global Structural Adhesives Market Information by Product Type (Epoxy, Acrylic, Urethanes, Cyanoacrylate and others), by Technology (Water Based and Solvents based), by Application (Automotive, Transportation, Building & Construction, Furniture and Others) and by Region - Forecast to 2022

Pune, India -- (SBWire) -- 10/16/2018 --Structural Adhesives Market – Overview

Structural Adhesives find usage in some of the end use industries such as transportation, automotive, furniture, building & construction, wind energy, and others. The Structural Adhesives market is expected to witness significant growth on account of their superior intrinsic properties combined with excellent usage in numerous end use industries specifically in automotive, transportation, and building & construction. Among the end use industries automotive & transportation together holds for the largest market share in 2016 and is estimated to retain their dominance due to rising automotive production and sales along with growing consumption of structural adhesives during the manufacturing of automotive. The factors attributed to the structural adhesives market growth are stringent regulatory norms set for lightweight automotive components, booming construction activities, expanding aerospace industries. Among the type segment, epoxy accounted for the largest market share in product type segment on account of excellent chemical resistance, lower shrinkage, and generation of lower quantities of VOCs during curing. Moreover, epoxy based structural adhesive used for wide range of substrates such as composites, ceramics, and metals.

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Competitive Landscape

The structural adhesives report has analysed the degree of competition among the major producers in structural adhesives market as well as sector growth and market scenario. The global structural adhesives market includes broad range of suppliers operating in the market which involves medium level and large- scale suppliers. Some of the major players of structural adhesives which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from India, South Korea, the Philippines, Malaysia, Japan, Australia, China, Taiwan, and Thailand. Furthermore, the major suppliers of structural adhesives are observed to follow various strategic plans to improve their product portfolio such as distribution agreements, joint ventures, mergers, product launches, strategic acquisition, and exclusive agreements. The key manufacturers in this market are predicted to improve their manufacturing capacity of structural adhesives to meet the increasing demand for structural adhesives worldwide.

Industry/ Innovation/ Related News:

January 2018- Scott Bader Company Ltd. launched Crestabond M1-10 structural adhesive. This product launch will help company to strengthen its product portfolio in structural adhesive range.

August 2017- Henkel Adhesives Technology India launched Loctite HY 4060GY and Loctite HY 4090 structural adhesive for usage in various end use industries. This product launch will help company to spread its footprint in Asia Pacific region.

July 2017- Techsil Ltd. signed an agreement with Henkel to distribute its structural adhesive products. This agreement will help Henkel to meet the increasing demand for adhesives in Europe.

January 2017- Ellsworth Adhesives Europe, a supplier of adhesive dispensing equipment and adhesives acquire TRB Lightweight Structure's Lord adhesive business. This acquisition makes Ellsworth Adhesives a largest distributors of Lord Corporation Materials across Europe.

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Geographically, Asia Pacific is predicted to hold the largest structural adhesives market share in 2016 which is followed by Europe and North America. In North America the structural adhesives market is expected to exhibit above average growth during the assessment period due to stringent regulations regarding the VOCs emitting adhesives along with raised consumption in end use industry such as aerospace & defense in this region. Asia Pacific is estimated to witness tremendous growth during the assessment period in structural adhesives market due to rising application of structural adhesives in numerous end use industries such as building & construction, automotive, transportation, and other. In Asia Pacific, the demand for structural adhesives is predicted to enhance in various countries such as India, Japan, South Korea, Indonesia, the Philippines, Taiwan, and China owing to rising per capita disposable income along with shifting of manufacturing units for most of the key operating players in this region. In Europe, structural adhesives market is projected to register moderate growth due to shifting consumer preference towards the structural adhesives combined with high adoption rate in construction, and wind energy specifically in Belgium, UK, France, Italy, Germany, Poland, Spain, and Russia.