Structural Adhesives Market Latest Trends and Business Scenario | P&S Intelligence

The Structural Adhesives Market is witnessing significant growth, and it will continue like this in the years to come. The growth of this industry is mainly because of the increasing need for these adhesives in infrastructure as well as the surging utilization of them in the footwear sector.

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This industry is observing a change in fondness for these adhesives from conventional fasteners. The transportation industry is progressively utilizing structural adhesives and decreasing the utilization of fasteners as well as weaker adhesive formulations.

 

This change is because of the eco-friendliness, low weight, greater aesthetics, and low cost of structural adhesives. They serve as a natural watertight barrier as well as a defensive inert barrier between possibly corrosive metals.

 

Furthermore, because of their low weight and the fact that they are substituting conventional fasteners like bolts and nuts, they make automobiles lighter, thus enhancing their fuel economy.

 

In the past few years, the acrylic category, on the basis of type, was the highest contributor to the structural adhesives market. As compared to other types of structural adhesives, acrylic type provides great shear & peel strength, which enables the formulation to bond with metals and plastics in different applications.

 

Based on technology, the water-based category was the highest revenue contributor to the industry in the past few years. Moreover, the category is likely to hold the largest share in the coming years. The growing fondness for water-based adhesives over solvent-based ones is mainly because of the no or low emission of injurious volatile organic compounds from the water-based adhesives.

 

On the basis of application, the building and construction category is likely to advance at the fastest compound annual growth rate in the years to come. This is primarily because of the utilization of these adhesives for numerous applications, including drywall lamination, countertop lamination, house construction, and flooring underlayment.

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In the past few years, APAC was the largest contributor to the industry, and it is likely to advance at the fastest CAGR in the years to come. This is mainly because of the development of the construction industry due to the rise in infrastructure funding.

 

Furthermore, the adoption of these adhesives for the bonding of metals, plastics, and ceramics is increasing in the automotive, packaging, and manufacturing sectors.

 

China is likely to lead the industry in APAC, in the years to come. The constant industrial and infrastructure expansion and a large count of renovation projects in this nation will boost this industry in the coming years. It is because of the surge in the use of these adhesives in the infrastructure sector, the structural adhesives industry will advance continuously in the coming years.

SOURCE: P&S Intelligence