A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global structural adhesives market. Presenting exclusive insights into the market from 2018 to 2028, the report projects that the market will witness remarkable growth during the forecast period. Structural adhesives are polyurethane-based adhesives that are tough, flexible, versatile, and economical, as compared to other types of structural adhesives. The growth of the market is primarily attributed to increasing adoption in construction, transportation, and furniture industries. Furthermore, preference for lightweight materials, such as plastic and aluminium, over heavy materials is propelling usage in the automotive industry since they help in enhancing fuel efficiency. Likewise, structural adhesives are extensively used in the fabrication of components such as glass attachments, enclosures, doors, body panels, and friction pads, during the manufacturing of vehicles. This is expected to further fuel the growth of the market through the forecast period. Since the structural adhesives improve the bonding of materials while also reducing the weight of the body, they find usage in the aircraft industry, which is expected to complement the market growth.
Proliferating Adoption in High-heat Applications Catapults Growth
The blooming construction and infrastructure industries, coupled with stringent regulatory norms on the weight of body panels and components are driving the demand for structural adhesives. Moreover, structural adhesives are used in the manufacturing of aircraft owing to their ability to reduce weight and enhance bonding. Furthermore, the usage in the energy generation industry, especially in wind turbines, will continue to stimulate revenue opportunities. Backed by their ability to confer physical properties, such as high mechanical performance, strength, load-bearing capacity, durability, and heat resistance, structural adhesives are rampantly used in the automotive industry. The adoption in the automotive industry is also propelled by their compatibility with a wide variety of materials such as steel, aluminum, copper, plastics, rubber, glass, wood, and masonry. Among the types of structural adhesives available in the market, polyurethane adhesives are anticipated with beholding remarkable adoption in the automotive industry, as they offer advantages such as cleaner lines with no protruding nails, rivets, or weld marks in the production of cars, buses, and trucks.
Asia Pacific to Remain at Center of Revenue Opportunities
Asia Pacific and North America are anticipated to account for the majority of market share, on the back of flourishing automotive production, which channels a significant amount of revenue. In the Asia Pacific, China is expected to dominate the geography, backed by an equally strong electronics sector and a strong presence of major market players. Similarly, Europe is also a major market that is anticipated to bestow lucrative revenue opportunities, owing to the booming construction sector.