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
The report covers the global structural adhesive market and further segments the market on the basis of type, application, and region. The market data for these types is given with respect to volume (kilo tons) and value ($million). The global market value of structural adhesive was estimated to be about $24.20 billion in 2020 and is projected to grow at a CAGR 7.71% between 2015 and 2020. The data mentioned in the report are based on the global demand for structural adhesive.
The structural adhesive market has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, structural adhesive producers, chemical manufacturers, and end-user industries. The value chain describes the key contributors to the structural adhesive market at different stages from product development to end use. It represents the top players which are contributing to the global structural adhesive industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for structural adhesive in Asia-Pacific especially in China and India where there is robust growth in the wind, aerospace, and automotive followed bybus & truck industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the adhesive in the past made the market more strained for the structural applications.
The global structural adhesive market is also classified based on different applications. The important applications include automotive, aerospace, building & construction, marine, rail, wind, and truck & bus. The wind, automotive, and aerospacel applications are expected to show excellent growth in the future due to the urbanization and growing government initatives.
The key companies in this market are 3M Co. (U.S.), Ashland (U.S.), Dow (U.S.), Lord Corporation (U.S.), HUBEI HUITIAN ADHESIVE ENTERPRISE CO. (China), Henkel (Germany), ITW (U.S.), SIKA (Switzerland), Scott Bader (England), Arkema (France), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product development and acquisitions were the most preferred strategies by the top players in 2014 that were driving the demand of structural adhesive. Their strategy to capture the untapped market in developing economies includes expansion, partnership and investments.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 39.93% of the global demand in terms of market share in 2015. China is the leading country in the consumption of structural adhesive, due to the increased demand of the aerospace, wind, marine, automotive and infrastructure development. The important emerging economies such as Brazil, Singapore, Philippines, India, Thailand, and others are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments & expansions, new product launches, partnerships, agreements & collaborations undertaken by the leading structural adhesive companies in the past few years. Furthermore, different structural adhesive market participants are also profiled in the report.
Scope of the report
The report segments the global structural adhesive market as:
The global structural adhesive market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of Application:
Building And Construction
Truck And Bus
On the basis of type:
On the basis of region: