Albany, NY -- (SBWIRE) -- 02/23/2019 -- Global Structural Adhesive Market : Overview
Increasing demand for lightweight metals and composites adhesive across the world is driving the global structural adhesive market. The structural adhesive finds application in several industries such as automotive, building & construction, transportation, and furniture owing to its properties like excellent elasticity and flexibility. Further, the load bearing, weight reduction and excellent mechanical performance properties of structural adhesive is increasing its usage in aerospace applications.
An upcoming report by Transparency Market Research on the global structural adhesive market will help readers gauge several factors associated with the global structural adhesive market. Such as trends, opportunities, drivers and restraints of the market. Further, the compilation is likely to offer a comprehensive outlook of the geographical factors and its competitive landscape. The compilation include several strategies adopt by the key players to expand their market share across the world.
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Global Structural Adhesive Market : Trends and Opportunities
The global structural adhesive market is splurging owing to the increase in the production of lightweight electric vehicles. Further, the increasing construction activity across the globe is a major factor anticipated to drive the structural adhesive market in the near future. On the basis of type, polyurethane-based adhesives is expected to exhibit substantial demand. This is because the segment is toughest and most flexible type of structural adhesive. Apart from the end user application, factors like improving living standard in the emerging economies countries is driving growth of the global structural adhesive market.
The global structural adhesive market is has several restrains. Stringent regulation imposed by various governments on the manufacturing and usage of the non-biodegradable and hazardous structural adhesives is one of the primary restrains of the global structural adhesive market. However, there increasing demand for green and non-hazardous adhesives is expected to provide new avenues for the top players operating in the structural adhesives market.
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Global Structural Adhesive Market : Competitive Landscape
The competitive landscape of the global structural adhesive market is highly fragmented in nature. The key players of the market are adopting innovative strageies to stay ahead of each other and increase their market share. Apart from this, the key players are inceasign their investment in reseach and development activities to increase the capacity of the structural adhesive. Some key players operating in the global structural adhesives market include Illinois Tool Works Inc.
Henkel AG & Co. KGaA, 3M, The Dow Chemical Company, Sika AG and Huntsman International LLC,