Structural Adhesives Market to Grow at 7.1% CAGR to 2022

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Sep 25, 2017, 13:00 ET

PUNE, India, September 25, 2017 /PRNewswire/ --

The structural adhesives market is forecast to reach $15.72 billion by 2022 from $11.17 billion in 2017 at a CAGR of 7.1% during (2017-2022) driven by the growing trend and demand for lightweight and low carbon emitting vehicles, the growing demand from applications like building & construction, bus & truck, automotive, wind energy, marine, aerospace, rail, and others says a new research report at ReportsnReports.com.

Browse 106 Market Data Tables and 37 Figures spread through 180 Pages and in-depth TOC on "Structural Adhesives Market Global Forecast to 2022" http://www.reportsnreports.com/reports/403624-structural-adhesive-market-by-type-acrylic-cyanoacrylates-epoxy-methylacrylate-polyurethane-and-others-by-application-automotive-aerospace-building-construction-bus-truck-marine-rail-and-wind-global-forecasts-to-2020.html .

The key players operating in the structural adhesives market are 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).

The Asia Pacific structural adhesives market is projected to grow at the highest CAGR during the forecast period. Among regions, the Asia Pacific is expected to be the fastest-growing structural adhesives market. Growth is mainly attributed to booming economies such as China, India, and Taiwan, among other few smaller countries, such as Indonesia, and Vietnam. China is the leader in the market for structural adhesives in terms of demand in the Asia Pacific. India is a rapidly emerging nation in the market due to the growth in various applications in the use of structural adhesives.

Inquire for Discount on 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 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=403624 .

Among resins, the cyanoacrylate segment in the structural adhesives market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. Structural adhesives based on the cyanoacrylate resin offer distinct advantages as these are one-part solvent-free adhesives that cure immediately at room temperature and offer high bonding strength. These therefore provide optimized and efficient bonding solutions for various substrates.

The composites substrate segment of the structural adhesives market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The use of composites in different applications reduce weight and increase efficiency, as composite materials (fiber reinforced plastic and glass fiber reinforced plastic) are lighter than metals, concrete, and brick. These structural adhesives provide strong bonds, and high chemical and heat resistance.

Make an Inquiry on "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" research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=403624 .

In the process of determining and verifying the structural adhesives market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted. Breakup of primary interviews:

By Company Type: Tier 1 - 38%, Tier 2 - 32%, and Tier 3 - 30%
By Designation: C-level - 33%, D-level - 32%, and Others - 35%
By Region: North America - 28%, Europe - 32%, Asia-Pacific - 30%, Middle East & Africa - 6%, and South America - 4%

This report provides a detailed segmentation of the structural adhesives market on the basis of resin, substrate, application, and region. With respect to resin, the structural adhesives market has been segmented into epoxy, polyurethane, acrylic, methyl methacrylate, cyanoacrylate, and others. On the basis of substrate, the market has been segmented into metals, plastics, wood, composites, and others. On the basis of application, the market has been segmented into building & construction, bus & truck, automotive, wind energy, marine, rail, aerospace, and others. On the basis of region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

Another research titled Composite Adhesives Market Global Forecast to 2022 says, the global composite adhesives market is projected to reach $1.78 billion by 2022, at a CAGR of 7.9% from 2017 to 2022. Aerospace application is the fastest-growing segment of the composite adhesives market. Rising demand from Asia-Pacific is a major driver for the composite adhesives market. Companies such as Henkel AG & Co. KGaA (Germany), SIKA AG (Switzerland), 3M Company (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), LORD Corporation (U.S.), Illinois Tool Works Incorporation-Plexus (U.S.), Ashland Inc. (U.S.), H.B. Fuller (U.S), Bostik (France) have been profiled in this 177 pages research report available at http://www.reportsnreports.com/reports/1036660-composite-adhesives-market-by-resin-epoxy-polyurethane-component-one-component-two-component-application-automotive-transportation-marine-aerospace-wind-energy-and-region-global-forecast-to-2022.html .

Explore more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/ .

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