Increasing demand for polyurethane-based adhesives is expected to drive the production sale of structural adhesives in the forthcoming years. Development of water-based and low temperature-cured variants are increasing in demand, due to increasing usage by manufacturers. Increasing industrial production is also contributing significantly towards the growth of global market.
A recent study by Future Market Insights predicts a steady 5.3% CAGR growth of structural adhesives market during the anticipated period, 2018-2028. In addition, the structural adhesives market is likely to touch an evaluation of nearly US$ 16Bn by 2028-end. Developing effective structural adhesives for end-users is possible to be a vital trend, increasingly impacting growth of structural adhesives market. Besides, the report poses constructive insights for the growth of structural adhesives market in the forthcoming years.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how structural adhesives market will expand through 2028. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
What are the manufacturers doing for the expansion of structural adhesives market?
Well, as per analysis, manufacturers are making heavy investments for the purpose of developing structural adhesives that are bio-based and this move is also considered as a trend in the global market.
What according to you are the major factors contributing towards the growth of structural adhesives market?
Automakers across the globe have increasing requirement for lightweight composites, which in turn is playing a crucial role with regards to expansion of volume sales.
According to you, which sectors will contribute significantly towards structural adhesives market?
Based on analysis, aerospace and automotive sectors are expected to make significant revenue growth in the structural adhesives market in the forthcoming years. Stringent regulatory norms in the automotive sector will drive demand for the structural adhesives. Apart from this, industry of wind energy generation is likely to generate considerable revenues in the global market in the forthcoming years.
What do you have to say with regards to regional landscape in the structural adhesives market?
Well, based on the in-depth analysis, China is expected to be the major hub for key players and manufacturers due to heavy competition, especially amongst the participants of North America and China. Apart from this, Europe is expected to be a lucrative region for the global market during the forecast period.
Can you mention some of the key players in the structural adhesives market?
Certainly yes. Some of the key players in the structural adhesives market profiled by the analysts are inclusive of Ardex., Illinois Tool Works Inc., Huntsman Corporation, H.B.Fuller, Sika AG, MAPEI and Lord Corporation.
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