Structural adhesives market offer the benefit of lightweight components, outstanding shear and peel strength, faster curing speed, excellent impact resistance, and durability. Asia-Pacific is the largest and fastest-growing market of structural adhesives, in terms of both value and volume.
Structural Adhesives Market size is estimated to reach USD 12.74 billion by 2021, registering a CAGR of 6.9% between 2016 and 2021. Increasing demand for composites and lightweight metals in applications such as automotive, bus & truck, aerospace, wind energy, and building & construction among others is fueling the overall demand of structural adhesives in the next five years.
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Globally, wind energy is the fastest-growing application of structural adhesives, in terms of volume.
Use of adhesives in the wind energy industry is increasing with the increasing use of composites, as it is the preferred material for fabricating and bonding rotor blades of wind turbine, nacelle assemblies, gearbox, and towers. While fabricating wind turbines, approximately 85%-90% of steel, 5%–6% of composites, 1%–2% of adhesives, and 3%-5% of other materials are used generally.
1 Attractive Opportunities in Structural Adhesives Market
2 Structural Adhesives Market, By Type
3 Structural Adhesives Market in Asia-Pacific
4 Structural Adhesives Market Growth, By Region
5 Structural Adhesives Market, Developed vs Developing
6 Asia-Pacific Structural Adhesives Market
7 Lifecycle Analysis, By Region
Structural adhesives offer the benefit of lightweight components, outstanding shear and peel strength, faster curing speed, excellent impact resistance, and durability. Asia-Pacific is the largest and fastest-growing market of structural adhesives, in terms of both value and volume.
High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increasing demand from end-use industries, and a global shift in production capacity from the developed markets to the emerging markets are major factors leading to the growth of the structural adhesives market in this region.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (46%); Tier 2 (27%) and other (27%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (36%), Directors Level (18%) and other (46%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (36%), Asia-Pacific (18%) and Row (9%).
2 Competitive Situation and Trends
3 Investments & Expansions
4 New Product Launches
5 Joint Venture, Partnerships, Contracts & Agreements
6 Mergers & Acquisitions
The key companies profiled in this market research report are Henkel AG (Germany), 3M (U.S.), Ashland (U.S.), Dow Chemical Company (U.S.), Sika AG (Switzerland), Scott Bader (England), Arkema (France), Lord Corporation (U.S.), Hubei Huitian Adhesive Enterprise Co. (China), and ITW (U.S.).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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