Structural Adhesive Market worth $24.20 Billion by 2020

Structural Adhesive Market  The report “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”, report analyzes the global structural adhesive market with respect to market drivers, restrains, opportunities, and challenges, in different regions

Browse 74 market tables and 64 figures spread through 173 pages and an in-depth TOC on “Structural Adhesive Market - Global Forecasts to 2020”

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The demand for structural adhesives is increasing for bonding high performance components and reducing weight. Fabricating components using lightweight materials is one of the vital elements at the time to product designing across several industries. Higher usage of adhesives helps to reduce the weight of components and will help to meet the mega trend of reducing co2 emissions and increase efficiency. This is increasing use of structural adhesives in wind blades, rail wagons, aircrafts components, cars, buses, deck and hull of ships, housing, commercial, and infrastructural applications. The Asia-Pacific region is the fastest growing segment of the global structural adhesive market and is mainly attributed to high demand of adhesives from applications such as marine, wind, aerospace, and automotive markets along with rising demand from infrastructure development, maintenance and renovation, which is eventually driving the structural adhesive industry. The Asia-Pacific and RoW markets are estimated to show robust growth in the next five years.

The growing wind and automotive markets in several emerging South-East Asian, and Latin American nations will further increase the demand of structural adhesives. Increasing demand from construction & building application from Asian countries which will host the future global events would also offer opportunities of growth to adhesive market.

The structural adhesive demand, in terms of value and volume, depicts the current and future projections according to the industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions done by the leading global companies.

The global market value of the structural adhesive market was estimated to be around $24.20 Billion in 2020 and is projected grow at a CAGR of around 7.71% between 2015 and 2020. The high demand for the structural adhesive across the construction and transportation industry will increase the overall structural adhesive consumption.

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