Attractive Business Opportunities In Structural Adhesives Market

Structural adhesives are those adhesives whose strength is important to the success of the assembly. Increasing demand for reducing weight, reduce emissions, and increasing efficiency has led to the incorporation of lightweight materials such as aluminium and composites for fabricating components, has led to the increased usage of structural adhesives. Structural adhesives offer several benefit to fabricators and builders which includes improved product quality, improved production speed, and reduce costs.

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The global structural adhesives market is witnessing excellent growth with rising demand from the Asia-Pacific region, especially from China and India. The major demand for structural adhesives is expected to come from transportation industry especially from automotive, marine, aerospace, and bus & truck applications. Penetration of composites for fabrication of wind blades of longer blade length, wind towers and cover of gear boxes will increase the demand of structural adhesives in wind industry. The demand for structural adhesives is increasing due to rising demand for weight reduction, excellent mechanical performance, reducing manufacturing time and costs, and increasing penetration of composites.

Epoxy, polyurethane and methacrylate adhesives to register excellent growth

Epoxy adhesives are widely used for bonding components, such as rotor blades of wind, car hoods and doors, cockpits in aircrafts, engines, radomes, floorings, and fairings of aircrafts. Polyurethane structural adhesives are extremely versatile and can form tougher bonds with excellent peel strength. The demand for polyurethane adhesives is increasing due to the rising demand from structural bonding for bonding of plastics, sheet molding compounds, and for cryogenic applications. Methacrylate adhesives demand is driven by marine and transportation industry.

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The demand for structural adhesives is majorly from Asia-Pacific

Asia-Pacific accounts for the largest share of the total structural adhesive market, while European market is well established and in the maturity phase. The European structural adhesives market is estimated to witness a slower growth rate as compared to North America. The Asia-Pacific structural adhesives market is in a growth phase attributed to the booming aerospace, wind, automotive, and construction industries in China and India. The RoW structural adhesive market is also estimated to enter into the growth phase as construction activities are increasing at a high rate due to global events, driving the structural adhesives market.