Zion Market Research, the market research group announced the analysis report titled 'Structural Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026'

Sarasota, FL -- (SBWire) -- 10/25/2018 --Global Structural Adhesives Market: Overview

Special types of adhesives solely designed for binding almost all kinds of thermoplastics, metals, and composite materials, among other heterogeneous substrates are called structural adhesives. These adhesives reduce the assembly weight, which, in turn, helps in better performance and cost reduction. The growing popularity of the global structural adhesives market is due to the products' increasing use in various industries, such as marine, automotive, transportation, and construction, among other industrial assemblies.

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Global Structural Adhesives Market: Growth Factors

The major growth driver in the global structural adhesives market is the positive developments in the automotive and construction industries. These industries make use of structural adhesives due to their superior bonding strength. In addition, the government is making efforts to uplift the local adhesives manufacturers for helping them grow their overseas base. These are some of the factors that are fuelling the growth of the global structural adhesives market. Furthermore, rapid urbanization and growing disposable income of people are also contributing to the growth of this market.

Strict environmental regulations in European and North American countries, among other factors, might hamper the expansion of the global structural adhesives market.

Global Structural Adhesives Market: Segmentation

The global structural adhesives market can be divided based on product type and application. On the basis of product type, the market for structural adhesives can be segmented into cyanoacrylate, polyurethane-based, acrylic-based, and epoxy-based, among others. The epoxy-based segment is anticipated to dominate the market for structural adhesives in the upcoming years. This is due to their superior intrinsic characteristics, such as low VOC release while curing, low shrinkage values, and resistance to chemicals. Based on application, the structural adhesives market can be classified into automotive, marine, energy, transportation, aerospace, building and construction, and electronic components, among others. The construction industry is expected to dominate the structural adhesives market, as these adhesives have superior bonding strength, which is needed in this industry.

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Global Structural Adhesives Market: Regional Analysis

Based on regions, the global market for structural adhesives can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region is anticipated to show the highest market growth for structural adhesives in the upcoming years. This is due to the development of end-user industries like automotive, construction, aerospace, etc. Significant developments in shipbuilding sector in countries, like South Korea and China, are projected to drive the growth in this market in this region. Furthermore, rapid urbanization and increasing disposable income of the population in this region will also fuel the expansion of structural adhesives market in the Asia Pacific region. In the North American region, there is growing use of structural adhesives for aerospace applications to ensure improved bonding and reduced weight. Hence, this region shows a good growth rate for the structural adhesives market in future.

Global Structural Adhesives Market: Competitive Players

The key market players of the global market for structural adhesives include Lord Corporation, Bostik, Ashland, H.B. Fuller, Illinois Tool Works, Huntsman International, Sika AG, 3M Company, Henkel AG & Co., ITW, Scott Bader, Hubei Huitian Adhesive Enterprise, Arkema, Ried Structural Adhesives, Bondloc, Daubert Chemical, Royal Adhesives & Sealants, Forgeway Limited, Resinova Chemie Limited, Cabot Corporation, Acralock, and Dow Chemical Company, among several others.

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