Structural Adhesives Market Research Report – Global Forecast to 2022 Industry Survey, Growth, Competitive Landscape and Forecasts to 2022
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Structural Adhesives Market Research Report – Global Forecast to 2022
Market Overview / Study Objective / Synopsis The global structural adhesives market grew to USD ~18.3 billion in 2016 with the CAGR of ~7.9% from 2016 to 2022. High demand of lightweight metals and composites in applications such as automotive, transportation, building & construction and furniture are expected to fuel the overall demand of structural adhesives in future. Structural adhesive used in automotive are known for providing better adhesion between distinct substrates such as steel and plastics. Thus, these composites are used in doors, window glass attachments, brakes and clutch plates and others. On account of high demand for passenger car in countries like China and India, automotive industry requires adhesives with structural integrity and strong bonding properties that is expected to impact the global structural adhesive market growth.
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Structural Adhesives Market Research Report – Global Forecast to 2022
Top 10 Global key Players & Their Strategy Key Players The global manufacturing companies are increasing investment in R&D for technological advancement in structural adhesive. The key players in this segment are 3M Company, The Dow Chemical Company, Ashland Inc., SIKA AG, Henkel AG & Co., Lord Corporation, Scott Bader Company, Arkema S.A., Hubei Huitian Adhesive Enterprise Co., Ried B.V. Co. and others.
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Structural Adhesives Market Research Report – Global Forecast to 2022
Segmentation Analysis Increasing government spending in public infrastructure and commercial buildings is likely to drive the demand of structural adhesive in construction application such as window panels, roofing, and wall coverings. Changing consumer lifestyle with changing trends in furniture designs for building and construction application is going to boost the demand. Fluctuation in raw material price and strict environmental regulation can hamper the market in the coming years. Regional Analysis The structural adhesive market is segmented into product types such as epoxy, acrylic, cyanoacrylate, urethanes and others. Urethane adhesive are priced less and are highly preferable with respect to elastic bonding in application such as automotive and construction. They possess properties such as high elasticity, durability and flexibility when used among dissimilar materials.
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Structural Adhesives Market Research Report – Global Forecast to 2022
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