The aerospace industry is expected to grow in demand as aircraft production increases and the aerospace market expands in developing economies. Furthermore, demand for composites in the aerospace industry has been increasing over the last decade. As a result of the increased need for solid bonding and structural stability, adhesive materials are expected to benefit.
Adroit Market Research study on the global market for structural adhesives offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Glass attachments, enclosures, doors, body plates, and friction pads are only a few of the components that need to be fabricated for various vehicles. Non-traditional applications such as the engine, dashboard, frames, and weather stripping have seen increased demand. Increased automobile production in Brazil, China, Mexico, and India is expected to boost adhesive demand.
Over the next seven years, the market is expected to expand due to increased demand from end-use industries such as manufacturing, transportation, and furniture. The market for automotive plastics is being boosted by the rising movement toward lightweight materials. Plastic and aluminum are lightweight materials that allow cars to be lighter and more fuel efficient.
The market for structural adhesive goods is expected to benefit from increased adhesion requirements for materials such as steel and magnesium, steel and plastic, and others. Because of their broad use and increasing penetration, methacrylate products are expected to provide substantial opportunities for market vendors. These goods may enter materials such as composites, metals, and plastics.
- key players of global Structural Adhesives market report include- Henkel (Germany), Huntsman (US), 3M (US), H.B. Fuller (US), Sika (Switzerland), Illinois Tool Works (US) DuPont (US), Bostik (An Arkema Company) (France), Ashland (US), LORD Corporation (US).
Key Segments of the Global Structural Adhesives Market
Technology Overview, 2018-2028 (USD Million)
Resin Method, 2018-2028 (USD Million)
- Methyl Methacrylate
Application 2018-2028 (USD Million)
- Building & Construction
- Bus & Truck
- Wind Energy
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America