Global Structural Adhesives Market 2017-2021
About Structural Adhesives
Structural adhesives are adhesives used for bonding load-bearing joints. These are used to bond wood, plastic, composites, metals, and other materials. They are available in different forms, including low viscosity liquid, and non-sag pastes. These adhesives can be one- and two-component (or part) formulations. These adhesives have both short and long lifespan and are available in varied sizes and shapes of packaging. These adhesives are comparatively stronger and are used in temperatures much lower than their glass transition temperature.
Technavio’s analysts forecast the global structural adhesives market to grow at a CAGR of 5.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global structural adhesives market for 2017-2021. To calculate the market size, the report considers the volume of structural adhesives consumed in construction, transportation, aviation, furniture, wind energy, and others end-user industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Structural Adhesives Market 2017-2021
Technavio recognizes the following companies as the key players in the global structural adhesives market: 3M, Arkema, Ashland, The Dow Chemical Company, Henkel, and Sika.
Other Prominent Vendors in the market are: ALTANA, Bohle Group, Dow Corning, Dymax, Evonik, H.B. Fuller, Hubei Huitian New Materials, ITW PLEXUS, LORD, L&L Products, MASTERBOND, Panacol, Parson Adhesives, Permabond, Scott Bader, and ThreeBond Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in demand for structural adhesives from wind energy sector. The wind turbine composite materials market is expected to grow rapidly owing to the increase in the number of wind power capacity additions globally. The market growth is fostered by the low-cost nature of the wind energy. Mongolia, the Philippines, Sri Lanka, and Vietnam are being explored for the installations of wind turbines; this is also increasing the demand for wind turbine composite materials.”
According to the report, one of the major drivers for this market is increase in urbanization and infrastructure investment. The growth in urbanization and increase in infrastructure investment is driving the market for structural adhesives. These adhesives are used in architectural cladding, modular buildings, doors, and windows. The bonding applications of these adhesives include corner key joints, internal reinforcements, perimeter bond frames, and others.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. The fluctuating cost of raw materials used for manufacturing adhesives is a major challenge for the global structural adhesives market. The prices of raw materials, such as polyurethane, silicone, epoxy, and others, have been fluctuating since 2005. Polyol and diisocyanates (methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI)) used for the production of polyurethane are expensive. These chemicals are derived from crude oil.
3M, Arkema, Ashland, The Dow Chemical Company, Henkel, Sika, ALTANA, Bohle Group, Dow Corning, Dymax, Evonik, H.B. Fuller, Hubei Huitian New Materials, ITW PLEXUS, LORD, L&L Products, MASTERBOND, Panacol, Parson Adhesives, Permabond, Scott Bader, and ThreeBond Holdings.
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