Globle Structural Adhesives Market 2018-2024 Growth Analysis by Requirements, Demands and Supply

Structural adhesives are relatively strong adhesives which are normally used below their glass transition temperature. They can be used to produce a load bearing joints. Also, these adhesives can join parts without detracting or interfering from their finish such as machine fasteners or welding. The global structural adhesives market is registering a good growth in recent years, and anticipated to grow at a significant rate in the coming years, owing to wide range of application areas ranging from aerospace to kitchen appliances to sporting goods and automobiles. These adhesives can carry substantial stresses, and lend themselves to structural applications.

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Limited scope of development and penetration in developed countries of North America and Europe, stringent environment regulations, and constantly changing standards are among the major challenges restricting the structural adhesives market growth. The scope of development and penetration of these adhesives is quite limited in developed market, as these markets are already in mature stage and far advanced in technology as compared to other developing markets, hence this may provide very less opportunities to the market players, hindering the market growth.

Government regulations related to the critical product application in automotive and aerospace industries provide a challenge for new industry players and participants. Also, fluctuations in raw material prices are also making it difficult for players to operate in the market.

Asia-Pacific is expected to be the fastest growing region in the structural adhesives market, which may be attributed to the increasing demand of these adhesives in countries such as China, India, Taiwan, Singapore, and others for variety of applications. The expanding automotive industry, and increasing focus on renewable energy are the major factors driving the demand of these adhesives in the region, resulting in market growth.

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The various key players in the structural adhesives market is introducing advanced product in the market for variety of applications to stay competitive in the market. 3M Company, Sika AG, H.B. Fuller, DowDuPont Inc., Huntsman Corporation, Ashland Inc., Henkel AG & Co. KGaA, Lord Corporation, Mater Bond Inc., Illinois Tool Works Inc., Bostik, Parson Adhesives, Inc., and Permabond LLC. are some of the key players operating in structural adhesives industry.

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