Structural Adhesives Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024
Category: #business  By Rahul Sankrityayan  Date: 2020-02-07
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Structural Adhesives Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

Global Structural Adhesives Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2024.

Mounting ability to enrich fuel efficiency along with reduction of vehicle weight is expected to reinforce Structural Adhesives Market expansion over the years to come. Higher purchasing power along with improvement in the consumer lifestyle of across developing regions will positively influence automotive sector, thereby favoring the industry outlook. As per Research report, “Structural Adhesives industry revenue is anticipated to hit USD 7 billion by 2024.” High product application in energy efficient construction market will further inspire the industry trends over the next few years. Global construction sector, worth USD 8 trillion in 2015, is projected to grow at a rate of 8% over the period of 2016-2024. Rapid advancement in warfare systems along with high investments across the defense sector will further benefit the global structural adhesives industry over the coming timeframe.

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Automobiles, water& sewer, aviation & aerospace, furniture, construction, and marine serve as the key application sectors for structural adhesives. Automobile application, worth USD 1 billion in 2015, is projected to grow substantially over the coming timeframe. Booming automotive sector along with the rising popularity of light-weight automobiles across the globe will promote structural adhesives industry development. Structural adhesives market size in aviation & aerospace sector is projected to witness a considerable growth in the near future, driven by its ability to provide high strength, durability, and compressive strength. It also helps in enhancing the performance of aircraft through effective joint replacements.

Considering the regional trends, Europe structural adhesives industry, which was estimated at USD 1 billion in 2015, is forecast to expand noticeably over the coming seven years. High presence of automotive and aerospace firms in the region will boost the regional revenue. Growing number of R&D projects in the region will further drive the regional growth.

North America structural adhesives market is expected to contribute considerably towards the overall revenue over the forthcoming years, driven by the increase in the number of construction activities along with rapidly expanding aviation sector.  Canada and U.S. are likely to be the key regional revenue pockets.

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Asia pacific holds a tremendous growth potential for structural adhesives industry, which generated nearly USD 2 billion of revenue in 2015, and forecast to grow strongly over the coming years. Favorable government policies encouraging heavy investments in the construction sector along with the large-scale presence of vehicle manufacturing units across the region will motivate market development. Japan, India, China, and South Korea are projected to drive the regional share. Thriving shipping sector across various countries of the region is expected to further contribute significantly towards structural adhesives market value.

Market players will try to expand their product portfolio and raise their profits by focusing on product innovations, partnerships, joint ventures, and customer satisfaction. 3M Company, Panacol-Elosol GmbH, The DOW Chemical Company, Arkema S.A., LORD Corporation, Ashland Incorporation, Parson Adhesives Incorporation, Permabond, SIKA AG, Scott Bader Company, Illinois Tool Works Company, L&L Products, Henkel AG & Company KGaA, Elantas GmbH, Master Bond Incorporation, and Hubei Huitian Adhesive Enterprise Company Limited are the key participants of structural adhesives market.

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Partial Chapter of the Table of Content

Chapter 3. Structural Adhesives Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distributor matrix

3.4. Industry impact forces

3.4.1.   Growth drivers

3.4.1.1.      Increasing adoption in automobile industry

3.4.1.2.      Growing aerospace industry

3.4.1.3.      Booming construction industry 

3.4.2.   Industry pitfalls & challenges

3.4.2.1.      Stringent government regulations for aerospace adhesives and sealants

3.4.2.2.      Operational and health safety issues with some types of structural adhesives

3.5. Growth potential analysis, 2015

3.6. Regulatory trends

3.6.1.   U.S.

3.6.2.   Europe

3.6.3.   China

3.7. Porter’s analysis

3.8. Company market share analysis, 2015

3.9. PESTEL analysis

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.2. Raw material trends

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North America Structural Adhesives Market to Accrue 20% Industry Share by 2024

Structural Adhesives Market Global Industry Analysis, Growth, Trends and Forecast, 2019-2024

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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