Global Structural Adhesive Market - Segmented by Resin Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global structural adhesive market is expected to register a CAGR of approximately 7.3% during 2018-2023 (the forecast period). The increasing demand for structural adhesives from the construction and automotive sectors is expected to boost market growth. In addition, increasing investments in the developing regions of Asia-Pacific are expected to drive the market.
Private Investments Driving the Market
The major driver for the structural adhesives market is the increase in investment in the developing economies of Asia-Pacific in various end-user industries, like construction, automotive, wind, etc. Countries, like India and ASEAN, are showing an increase in private investment, along with government policies to uplift the local adhesives producers, and helping them increase their base overseas, thereby, driving the market studied.
“Epoxy” The Dominant Segment
The market is segmented on the basis of resin type and end-user industry. Based on resin type, epoxy has high demand, mainly due to their excellent intrinsic properties, like resistance to chemicals, low shrinkage values, and low VOC release during curing. Also, their usage has been increased in various niche applications, where excellent bonding strength is required. Based on the end-user industry, construction is the largest end user and is expected to dominate the market during the forecast period, as a result of the increasing construction activities in China, India, etc.
Asia-Pacific Leads the Market
Asia-Pacific is the largest market for structural adhesives and is expected to increase in the forecast period, due to the demand from economies, like India, China, Japan, South Korea, etc., due to the increasing investments in end-users industries, such as construction, automotive, aerospace, etc. Also, significant shipbuilding activities in China and Korea are also expected to drive the demand in the Asia-Pacific region. In addition, factors, like urbanization and rising per capita income in these countries, have also bolstered the growth.
October 2017: H B Fuller has completed the acquisition of Royal Adhesives & Sealants for USD 1.575 billion.
Major Players: Henkel AG, 3M, Ashland, Lord Corporation, Hubei Huitian Adhesive Enterprise Co., ITW, DOW Chemical Company, SIKA AG, Scott Bader, Arkema, among others.
Reason to Purchase this Report
Current and future global structural adhesive market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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