Structural adhesives market application sector will likely be signified by the joining of composite materials. This application segment gauged over a third of the total share owing to the popularity of composites in automotive and aerospace industries.

Sellbyville, DE -- (SBWire) -- 01/17/2019 --The qualitative research study conducted by Global Market Insights, Inc. titled "Structural Adhesives Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Structural Adhesives Market.

Structural Adhesives Market size will cross USD 7 billion by 2024. Applications in construction industry includes fiber composite materials, cellulose and wood materials, stone, ceramics, and glass. Rapid urbanization in the BRICS nations, coupled with escalating population will increase the housing demand, hence supporting the construction industry in the coming years. The global construction industry, led by China, India, and the U.S., was valued at over USD 8 trillion in 2015 and is expected to reach a value close to USD 17 trillion by 2024, growing at a CAGR of about 8%.

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Strict regulations pertaining to aerospace adhesives and sealants mandated by regulatory bodies such as SAE international, ASTM, ANSI, AITC, DIN, EN, and ISO characterize the global structural adhesives market. High load bearing parts and critical applications lead to stringent product norms to meet required specifications. For instance, ASTM regulation D3762 lays down the standard test method for adhesive-bonded surface durability of aluminum (Wedge Test) also known as "Boeing wedge test", wherein the adhesion; cohesion; or adherend failure are noted down after opening the specimen after the test period. Such regulations may hamper the structural adhesives market growth in the coming years.

Another important factor impacting the structural adhesives market is the occupational hazards associated with some product types. Epoxy based products pose considerable risks of burns during manual application as they liberate certain amounts of auxiliary materials and contaminants during heat curing. Polyurethane products contain isocyanates, which can cause skin and eye irritation and are carcinogenic in nature. Methyl methacrylate or MMA products have strong and pungent odor, causing headache, nausea, dizziness, and pulmonary problems. Such health hazards defined by OSHA may restrict the global structural adhesives market growth.

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Double component structural adhesives market is driven by its exclusive usage for high load bearing joints and crucial applications. It accounted for over two-third of the overall share in 2015. PU registered more than 50% of the global structural adhesives market in terms of volume. Their cost efficient and fast curing nature to provide a strong bonding for larger areas give them a competitive advantage over other product types.

Acrylic are expensive and accounts a decent chunk in revenue generation of structural adhesives market. In 2015, this segment was worth over USD 1.5 billion. Acrylic products are available in low viscosity to paste viscosity range, and give a product line with wide selection of mechanical properties, color, and cure speeds.

Structural adhesives market application sector will likely be signified by the joining of composite materials. This application segment gauged over a third of the total share owing to the popularity of composites in automotive and aerospace industries.

With increasing light-weight personal vehicles demand in the recent years, structural adhesives market for automobile sector in 2015 was worth over USD 1 billion. Aviation and aerospace industry followed it as the product improves overall aircraft efficiency by substituting mechanical joints such as fasteners and welds.

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Europe contributes significantly for the industry due to the presence of a large number of automobile and aerospace industries in the area and generated above USD 1 billion in 2015. Headquarters and research & development facilities of several companies including Airbus, Audi, BMW, Daimler, Volvo, Volkswagen, and several others makes it a lucrative region for structural adhesives market.

Key structural adhesives market participants are Henkel AG, 3M Company, Arkema, L&L Products, Lord Corporation, Illinois Tool Works, Dow Chemical Company, Ashland, SIKA AG, Scott Bader, Parson Adhesives, Panacol-Elosol, Elantas, Master Bond, Permabond, and Hubei Huitian Adhesive Enterprise.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.