Pune, 8, Dec, 2022: The report pusblished by Maximize Market research, on Structural Adhesives Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 15.9 Bn. in 2021 to 26.8 Bn. in 2029 at a CAGR of 6.7% during the forecast period.
Structural Adhesives Market Scope and Research Methodology
The research on structural adhesives offers a comprehensive overview of the market’s drivers, restraints, trends, and forecast. Porter’s five forces research demonstrates how suppliers and customers can create networks of suppliers and customers to drive profitable decisions. The present Structural Adhesives Market potential may be calculated using in-depth study, market size, and segmentation. The analysis, which also contains the elements anticipated to effect the company either favourably or adversely, provides investors with a full insight of the future of the industry.
The research offers a complete understanding of the market for those investors wishing to invest. In addition to forecast market sizes, this research includes historical and future trends structural adhesives market situations. The study of significant rivals examines every facet of the market, including market leaders, followers, and newcomers. The study includes strategic profiles of the leading industry players, a thorough analysis of their core strengths, and information on their company-specific plans for the launch of new products, growth, partnerships, joint ventures, and acquisitions. The research serves as a resource for investors thanks to its concise depiction of competitive analyses of key companies by product, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic and local markets.
For a segment-wise analysis of the Structural Adhesives Market, it is divided by Product, Technology, Application, and Regions for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organizations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of the Structural Adhesives Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Structural Adhesives Market.
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Structural Adhesives Market Overview
Durable medical device components, equipment, and instruments can be assembled using structural adhesives, which are strong materials. The bonding of disposable device parts and components such tubing, catheters, connections, drug delivery, and Y-sites is another application for them. Solvent bonding techniques can be replaced with structural adhesives for disposable devices. In a wide range of applications, structural adhesives can also take the role of spot welding, welding, bolts, screws, and other conventional attachments.
The surge in product consumption in building applications is blamed for the increase in demand for structural adhesives. The product is widely used in a variety of end-use industries, including packaging, consumer goods, industrial machinery, consumer goods, transportation, and construction. In these various applications, adhesives are used in place of glass, metal, and wood fasteners. The demand for daylight reduction and energy-efficient “smart” apartments from the building and construction sectors is expected to increase the demand of structural adhesive market.
Structural Adhesives Market Dynamics
The key drivers of market growth are the escalating demand for adhesives in the wind energy and construction sectors as well as the quick adoption of the good in the automobile industry. The market for structural adhesives is also being driven by growing industrialization and urbanization. The market for structural adhesives is growing at a rapid rate thanks to strong demand from multiple end-use sectors and technical advances. The structural adhesives market has been significantly impacted by the rising demand for compact, low-emission vehicles.
Sustainable, safe, and non-hazardous structural adhesives are in greater demand. Rising demand for eco-friendly or green products across a range of applications, there is an increasing need for green adhesives or those with low VOCs is expected to drive the structural adhesives market. Strict regulations from the United States Environmental Protection Association, Europe’s Registration, Evaluation, Authorization, and Restrictions of Chemicals, Leadership in Energy and Environmental Design, and other regional regulatory authorities have forced manufacturers to produce environmentally friendly adhesives with low VOC levels. As a result of these legal requirements, there is a growing trend toward eco-friendly or green buildings in the structural adhesives industry, which gives an opportunity for the development of eco-friendly and sustainable adhesive solutions.
Structural Adhesives Market Regional Insights
Asia Pacific dominated the structural adhesives market in 2021, with a 50.4% global market share. This is mostly because prominent companies are present in the area. As building activity picks up due to increased urbanisation and the growing demand for sophisticated infrastructure, the structural adhesives market in the Middle East and Africa is expected to experience consistent growth in demand.
The structural adhesives market in North America is expected to grow in the forecast period. Overall demand is expected to be driven by structural adhesives’ high usage in the construction, aerospace, and automotive industries.
Structural Adhesives Market Segmentation
- Consumer Appliances
Structural Adhesives Market Key Manufacturers:
- Henkel AG & Co. KGAA
- Sika AG
- Dupont (Dowdupont)
- Huntsman International LLC.
- Illinois Tool Works Inc.
- Arkema (Bostik)
- H.B. Fuller
- Lord Corporation
- Mapei S.P.A
- Hubei Huitian New Materials Co., Ltd.
- Scott Bader Company Ltd.
- Permabond LLC.
- L&L Products
- Master Bond Inc.
- Parson Adhesives, Inc.
- Delo Industrie Klebstoffe GmbH & Co. KGAA
- Dymax Corporation
- Hernon Manufacturing Inc.
- Weicon GmbH & Co. Kg
- Panacol-Elosol GmbH
- Uniseal, Inc.
- Riëd B.V.
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Key questions answered in the Structural Adhesives Market are:
- What is Structural Adhesives?
- What is the growth rate of Structural Adhesives Market for the forecast years?
- What is the nature of competition in Structural Adhesives industry in developed and developing economies?
- Who are the key players in the Structural Adhesives Market?
- Who are the market leaders in Structural Adhesives in Europe?
- Who are the market leaders in Structural Adhesives in USA and Canada?
- Who are the market leaders in Structural Adhesives in India, China, Japan and South Korea?
- What are the factors affecting growth in the Structural Adhesives Market?
- Who held the largest market share in Structural Adhesives Market?
- What are the factors for the growth of Asia-Pacific region in Structural Adhesives Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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