Structural adhesives market size is growing at a CAGR of 6.5%, likely to exceed 8.2 mn tons by 2023

Structural adhesives market size was estimated over 5.1 million tons in 2014 and is likely to exceed 8.2 million tons by 2023 growing at a CAGR of over 6.5% from 2016 to 2023.
Water-based structural adhesives was the dominant technology accounted for more than 55% of the total volume in 2014 and are likely to witness gains of over 6.8% up to 2023.
Urethane structural adhesives market dominated the demand and accounted for more than 60% of the total volume in 2014. Cyanoacrylic derived products are likely to witness highest gains of over 8% up to 2023.
Asia Pacific, especially China and India structural adhesives market, was the dominant region and accounted over 40% of the total volume in 2014. China and India were the leading countries consuming the product and together accounted for more than 50% of the total volume in Asia Pacific.

Request for Detailed Table Of Contents@
Increasing high performance plastic usage in transportation industry such as automobiles and aircraft is likely to drive automotive structural adhesive market growth. Automobile industry requires better bonding properties between different substrates such as steel-magnesium and steel-plastic. Global automobile demand was above 80 million units in 2012 and is likely to register over 100 million unit sales figure by 2018. Positive outlook on aircraft industry growth is likely to compliment demand. Composites used in aircraft manufacturing require adhesives for maintaining structural integrity with better adhesion properties.
Evolving trends in furniture designs is likely to complement demand. They are also gaining wide acceptance in niche application segments such as medical, packaging and industrial machinery. Organic solvent based structural adhesives are prominently used in medical device manufacturing.
The market is segmented into product types such as urethanes, acrylic, cyanoacrylic and epoxy. Other product consists of silicone and methacrylates. Urethane adhesives were largely consumed over the forecast period and are widely used for plastic bonding in numerous rigid & semi-rigid adhesion applications such as automotive and construction. Factors such as durability and high elasticity contribute towards better flexibility and energy absorption among dissimilar objects.
The global structural adhesives market share is consolidated with MNCs serving the major end-use industries and SMEs to niche applications. Presence of regional distributing agents enables SMEs to efficiently market their product and increase sales.
Key companies operating in structural adhesives market share include Ashland, Henkel, 3M Company, Dow Chemical Company, Ried BV, Scott Bader Company, Arkema, SIKA AG and Lord Corporation.


Read our insightful industry blogs:

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688