Pune, India -- (SBWIRE) -- 05/18/2018 -- The Global Structural Adhesives Market grew to USD ~18.3 billion in 2016 with the CAGR of ~7.9% from 2016 to 2022. High demand of lightweight metals and composites in applications such as automotive, transportation, building & construction and furniture are expected to fuel the overall demand of structural adhesives in future. Structural Adhesive used in automotive are known for providing better adhesion between distinct substrates such as steel and plastics. Thus, these composites are used in doors, window glass attachments, brakes and clutch plates and others. On account of high demand for passenger car in countries like China and India, automotive industry requires adhesives with structural integrity and strong bonding properties that is expected to impact the Global Structural Adhesive Market growth.

Increasing government spending in public infrastructure and commercial buildings is likely to drive the demand of structural adhesive in construction application such as window panels, roofing, and wall coverings. Changing consumer lifestyle with changing trends in furniture designs for building and construction application is going to boost the demand. Fluctuation in raw material price and strict environmental regulation can hamper the market in the coming years.

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APAC is the largest regional market followed by North America and Europe. Asia Pacific exhibits highest market share due to increase in investment in building, construction and electronic appliances. Increasing automobile, furniture and construction industry in China, India, Indonesia and Thailand owing government tax incentives and low cost of raw material and labor is expected to favor the structural adhesive market growth. North America witnessed a moderate growth due to slow economic growth post-recession. Europe also witnessed a stable growth owing to economic problems such Brexit.

Global Structural Adhesives Market Players:

3M Company
The Dow Chemical Company
Ashland Inc.
SIKA AG
Henkel AG & Co.
Lord Corporation
Scott Bader Company
Arkema S.A.
Hubei Huitian Adhesive Enterprise Co.
Ried B.V. Co.

Segmentation

The Global Structural Adhesives Market is majorly segmented on the basis of product types, technology and applications. Based on the product types, Structural Adhesives Market is segmented into epoxy, acrylic, urethanes, cyanoacrylate and others. Further, on the basis of technology, the market is classified into water based and solvents based. Similarly, on the basis of application the market is again classified into automotive, transportation, building & construction, furniture and others.

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