[180 Pages Report] Structural Adhesives Market by Resin (Epoxy, Polyurethane, Acrylic, Methyl Methacrylate, Cyanoacrylate), Substrate (Metals, Plastics, Wood, Composites), Application (Wind Energy, Marine, Rail, Aerospace), and Region

1. MarketsandMarkets™
Presents
Structural Adhesives
Market by Resin, Substrate,
Application & Region
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2. Structural Adhesives Market worth 15.72 Billion USD by 2022
The report "Structural Adhesives Market by Resin
(Epoxy, Polyurethane, Acrylic, Methyl Methacrylate,
Cyanoacrylate), Substrate (Metals, Plastics, Wood,
Composites), Application (Wind Energy, Marine, Rail,
Aerospace), and Region - Global Forecast to 2022", The
structural adhesives market is projected to grow from USD
10.41 Billion in 2016 to USD 15.72 Billion by 2022, at a
CAGR of 7.1% during the forecast period. Structural
adhesives are capable of producing load-bearing joints that
can handle high stress, and provide excellent mechanical
performance, enabling weight reduction at the same time.
These also offer excellent strength, durability, and resistance
from impact, heat, fatigue, and solvents.
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3. Structural Adhesives Market worth 15.72 Billion USD by 2022
Browse >>
106 data tables
37 figures
180 pages and in-depth TOC on “Structural Adhesives Market”
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[180 Pages Report] Structural Adhesives Market is projected to grow from USD 10.41
Billion in 2016 to USD 15.72 Billion by 2022, at a CAGR of 7.1% during the forecast period.
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4. Structural Adhesives Market worth 15.72 Billion USD by 2022
Among resins, the epoxy segment is expected to lead the
structural adhesives market during the forecast period
Epoxy adhesives have a high demand in the structural adhesives
market due to their excellent chemical resistance, low shrinkage
value, and produce lower quantities of volatile compounds during
curing. Epoxy adhesives are used in a wide range of end-use
industries, especially in niche applications where excellent
bonding strength is required. These types of adhesives can be
used to bond a variety of substrates, such as metals, ceramics,
and composites.
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5. Structural Adhesives Market worth 15.72 Billion USD by 2022
The wind energy application in the structural adhesives market is projected
to grow at the highest CAGR during the forecast period
Among applications, the wind energy application in the structural adhesives
market is projected to grow at the highest rate from 2017 to 2022. The
growing demand for renewable energy over fossil fuel due to the rise in
population and to reduce greenhouse gas emissions is leading to the growing
demand for wind energy. Use of structural adhesives in the wind industry is
increasing due to the increasing use of composites as the material of choice to
fabricate and bond wind turbine rotor blades, nacelle assemblies, gearboxes,
and towers. Structural adhesives offer the benefit of enabling production of
lightweight components, provide outstanding shear and peel strength, faster
curing, excellent impact resistance, and durability. These superior qualities are
expected to drive the demand for structural adhesives in this application
segment during the forecast period.
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6. Structural Adhesives Market worth 15.72 Billion USD by 2022
The metals substrate segment in the structural adhesives market is
expected to lead the substrate market during the forecast period
The metals substrate segment of the structural adhesives market is
projected to lead the market during the forecast period, 2017 to 2022
and accounted for the largest market share of the structural adhesives
market globally in 2016. Structural adhesives are used to bond a wide
range of metals and metal alloys in various applications such as
automotive, building and construction, marine, bus & truck, aerospace,
wind energy, and rail, among others. These are increasingly replacing
riveting, welding, and other traditional fastening methods.
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7. Structural Adhesives Market worth 15.72 Billion USD by 2022
The Asia Pacific strutural adhesives market is expected to
lead during the forecast period
The Asia Pacific structural adhesives market is expected to
lead during the forecast period, 2017 to 2022, which can be
attributed to the rising demand for structural adhesives
from economies such as India, China, South Korea, Vietnam,
Taiwan, and Singapore, among others. Moreover, factors
such as the improving standards of living and rising per
capita incomes in these countries are also fueling the growth
of the Asia Pacific structural adhesives market.
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8. Structural Adhesives Market worth 15.72 Billion USD by 2022
Henkel AG & Co. KGaA (Germany), 3M Company (US), Sika AG (Switzerland),
Huntsman International LLC (US), Illinois Tool Works Inc. (US), H.B. Fuller (US),
Ashland (US), The Dow Chemical Company (US), Bostik (France), and LORD
Corporation (US) are the key players operating in the structural adhesives
market.
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9. Structural Adhesives Market worth 15.72 Billion USD by 2022
MARKET LEADER
The structural adhesives market is projected to reach USD 15.72 billion by
2022, at a CAGR of 7.1% between 2017 and 2022. Structural adhesives are
capable of handling high tensile, shear, cleavage, and peel strength in between
the substrates and provide excellent mechanical performance while enabling
weight reduction. These adhesives also improve the aesthetic appeal of end
products as bolts, rivets, and welds are not required to be used, and thus make
these special for a number of applications, such as building & construction, bus
& truck, automotive, marine, wind energy, rail, aerospace, and others.
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10. Structural Adhesives Market worth 15.72 Billion USD by 2022
New product developments/launches, mergers & acquisitions, investments
& expansions, and partnerships & agreements are the major strategies
adopted by key players in the structural adhesives market. These strategies
have helped companies operating in the structural adhesives market to
enhance their product portfolios and expand their global presence. These
key companies are also focusing on entering new markets by launching
technologically advanced structural adhesives for varied end-use industries.
Some of the leading manufacturers of structural adhesives include Henkel
AG & Co. KGaA (Germany), 3M Company (US), Sika AG (Switzerland),
Huntsman International LLC. (US), Illinois Tool Works Inc. (US), H.B. Fuller
(US), Ashland (US), The Dow Chemical Company (US), Bostik (France), and
LORD Corporation (US), among others. These companies have adopted
various organic and inorganic growth strategies to increase their businesses
in the structural adhesives market.
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11. Structural Adhesives Market worth 15.72 Billion USD by 2022
Companies have majorly adopted the new product developments/launches
and mergers & acquisitions strategies to strengthen their positions in the
structural adhesives market. These strategies together accounted for a share
of 60% of all the strategic developments that took place in the structural
adhesives market between 2014 and 2017.
Henkel (Germany) is one of the key market players in the structural adhesives
market. The company has an extensive product portfolio in structural
adhesives based on different resin types, mainly epoxy and polyurethane
resins. It undertook organic and inorganic strategies in the structural adhesives
market between 2014 and 2017. Recently in 2017, the company started the
construction of a new production facility for aerospace applications at its site
in Spain. This is expected to enhance its structural adhesive technologies
business, and cater to the growing demand for high-impact solutions in the
aerospace industry such as weight reduction.
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12. Structural Adhesives Market worth 15.72 Billion USD by 2022
Another key player that has established a strong foothold in
the structural adhesives market is 3M (US). The company offers
various resin based structural adhesives under the brand name,
Scotch-Weld. As a part of its organic growth strategy, the
company focused on enhancing its structural adhesives product
portfolio by launching high performance structural adhesives.
In 2015, the company launched DP8425NS and DP8825NS
structural adhesives based on acrylic resin under its Scotch-
Weld brand. These adhesives helped improve the efficiency of
the assembly process that was earlier cumbersome as it
required the use of mechanical fasteners.
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13. Structural Adhesives Market worth 15.72 Billion USD by 2022
KEY REVENUE POCKETS
The structural adhesives market is projected to grow from an
estimated USD 11.17 billion in 2017 to USD 15.72 billion by 2022,
at a CAGR of 7.1% from 2017 to 2022. The structural adhesives
market in the Asia Pacific region is projected to be the largest and
is expected to grow at the highest CAGR during the forecast
period, in terms of both, value as well as volume. The Asia Pacific
structural adhesives market is expected to witness significant
growth in terms of increased demand for structural adhesives due
to rising population, rising industrialization, increase in installed
capacities, improving quality, and technological advancements.
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14. Structural Adhesives Market worth 15.72 Billion USD by 2022
Among resins, the cyanoacrylate resin in the structural adhesives market is
projected to grow at the highest CAGR during the forecast period. The
cyanoacrylate segment is expected to grow at a higher rate due to its superior
properties, as it overcomes limitations in curing time by providing instant
curing at room temperature to form rigid thermoplastics having excellent
adhesion to most substrates.
Among substrates, the composite substrate in the structural adhesives market
is projected to grow at the highest CAGR during the forecast period. The
composite substrate segment is expected to grow at a higher rate due to its
advantage over conventional materials. Composite substrate is a superior
alternative to conventional structural materials such as concrete, steel,
aluminum and wood, as it is light in weight, has greater strength, provides
design flexibility, and corrosion resistance properties.
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15. Structural Adhesives Market worth 15.72 Billion USD by 2022
Among applications, the wind energy segment in the structural adhesives
market is projected to grow at the highest CAGR during the forecast period,
2017 to 2022. The wind energy application segment is expected to grow at a
higher rate due to the increasing demand for renewable and green energy.
Structural adhesives offer excellent adhesion, superior durability, chemical &
temperature resistance, and lower shrinkage in bonding wind turbines.
The major opportunity for the structural adhesives market is to deliver non-
hazardous, green, and sustainable adhesives. The sustainable properties of
structural adhesives are expected to contribute to the protection of the
environment and provide significant growth opportunities for the industry.
Manufacturers need to focus on developing water-borne and eco-friendly
structural adhesives which are expected to provide lucrative growth
opportunities.
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16. Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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17. Thank You !
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