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In terms of type, the structural adhesive market can be categorized into epoxy, acrylic, cyanoacrylate, urethane, and others. The others segment comprises silicon, anaerobic adhesives, and vinyl acetates. The urethane segment accounted for a major share of the market in 2017, due to the excellent chemical and physical properties of urethane compared to other types. Urethane offer properties such as flexibility, strength, and good adhesion on metal and plastic composites.
Based on end-use industry, the global structural adhesives market can be divided into automotive, building & construction, marine, aerospace, wind energy, and others. The others segment includes sporting goods, electronics, and furniture. The automotive segment held a prominent share of the market in 2017, due to high demand for structural adhesives in the production of lightweight vehicles and heavy vehicles such as trucks and buses.
Based on region, the global structural adhesives market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a key region accounting for a significant share of the global structural adhesives market. The structural adhesives market in Asia Pacific is projected to expand at a rapid CAGR during the forecast period, due to a rise in demand for structural adhesives in building & construction activities, primarily in developing economies of China and Japan. Technological advancements, such as the penetration of composites in various applications in South Korea and Japan, have also boosted the structural adhesives market in Asia Pacific. The structural adhesives market in North America is expected to expand at a minimal pace during the forecast period, due to sluggish growth of industries such as automotive and construction in the region. Drivers of the structural adhesives market in North America include high demand from the wind energy, transportation, and marine sectors. Engineering plastics and composites are replacing traditional materials such as metals due to a rise demand for weight reduction of components used in industries such as automotive, energy, and marine. This is driving demand for structural adhesives in North America. The market share of Middle East & Africa is estimated to remain constant by the end of the forecast period, as the growth rate of the construction industry in this region is sluggish. However, the rate is expected to increase in the near future.
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The report analyzes and forecasts the structural adhesives market at the global and regional levels. The market has been projected in terms of volume (kilo tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global structural adhesives market. It also covers the expected impact of these drivers and restraints on the demand for structural adhesives during the forecast period. The report also highlights growth opportunities for the structural adhesives market at the global and regional levels.
The report comprises detailed value chain analysis, which provides a comprehensive view of the global structural adhesives market. Porter’s five forces model for the structural adhesives market has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein type and end-use industry segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global structural adhesives market by segmenting it in terms of type, end-use industry and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and future demand for structural adhesives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual type and end-use industry segments of the market in every region.
The study includes profiles of major companies operating in the global structural adhesives market. The global market is dominated by large-sized players. Key players in the market include Henkel AG & Co. KGaA, H.B. Fuller Company, and 3M. Market players have been profiled in terms of company overview, business strategies, and recent developments.
The report provides the estimated market size (in terms of value and volume) of the global structural adhesives market for the base year 2017 and forecast for the period from 2018 to 2026. The market size and forecast for each segment have been provided for the global and regional markets.
Global Structural Adhesives Market, by Type
- Epoxy
- Acrylic
- Urethane
- Cyanoacrylate
- Others (Includes Silicon, Vinyl Acetate, and Anaerobic Adhesives)
Global Structural Adhesives Market, by End-use Industry
- Automotive
- Building & Construction
- Aerospace
- Marine
- Wind energy
- Others (Includes Sporting Goods, Furniture, Electronics)
Global Structural Adhesives Market, by Region
- North America
- S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Takeaways
- Extensive analysis of market trends from 2017 to 2026 to identify growth opportunities and key market developments
- Analysis of products and applications, in which structural adhesives are used
- Identification of key factors useful for building a roadmap of upcoming opportunities for the structural adhesives market at the global, regional, and country levels
- Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global structural adhesives market between 2018 and 2026
- Detailed competition landscape of key players operating in the market
- Porters’ five forces analysis that highlights the power of buyers and suppliers operating in the global structural adhesives market
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