Structural Adhesives Market By Product Type And Application – Global Industry Analysis And Forecast To 2023

The Advancements in Medical science, the Crystal Market Research added a new report Structural Adhesives Market By Product Type And Application – Global Industry Analysis And Forecast To 2023 gives an overview of various key elements like Market size and growth rate. This report is made on the basis of analysis and on the basis of key players involved in the market segment.

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Competitive Insights
The leading players in the market are Huntsman Corporation, 3M, Lord Corporation, Dow Chemical Company, Sika AG, Arkema and Henkel. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Industry Trend Outlook –
The Structural Adhesives Market was worth USD 9.16 billion in 2014 and is expected to reach approximately USD 17.02 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.13% during the forecast period. A structural adhesive is one that can be utilized to create a load-bearing joint. Nonetheless, the term is regularly associated with those adhesives that are used for engineering applications where joints will commonly have lap shear strengths of more prominent than 1MPa and ordinarily, more than 10MPa. Adhesives that don’t commonly provide such structural function are called sealants. Frequently however, the difference between a sealant and a structural adhesive is obscured as it relies upon the loading of the joint and the end use.

Regional Outlook and Trend Analysis:
Asia Pacific will be a promising locale in structural adhesives market over the forecast period. India and China enlisted increasing construction spending through government activities and private ventures. Numerous automobile giants are building up their manufacturing base in developing economies of Asia Pacific because of abundance of cost effective labours. Exceedingly develop shipbuilding businesses in South Korea, China and Japan will likewise drive the regional market. Asia Pacific enlisted more than USD 2 billion for the general structural adhesives market in 2015 and will thrive at a sound rate in the coming years.

Drivers and Restraints
Being the hardest and most flexible structural adhesives, polyurethane-based cements are foreseen to display generous request over the projection time frame, thereby boosting the development of the market. The market will encounter development inferable from its unique capacity to offer extraordinary security quality and quick curing speed for dissimilar and comparative substrates in the automobile business. The product is formulated to reduce the vehicle weight and enhance the security and execution. Product manufacturers make extraordinary performance products for automobile applications, utilized for exterior and interior applications of vehicles, for example, hoods, deck lid flanges, doors, interior dashboards, and roof panels. Expanding per capita income and enhanced standards of living among youth in rising economies has impelled the automobile market since the monetary downturn. Expanding awareness about mileage and light weight vehicles will reinforce the general structural adhesives market.

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Market Segmentation
The Structural Adhesives Market is segmented on the basis of Product Type and Application. Based on product type the market is segmented into Acrylic-based, Cyanoacrylate, Epoxy-based, Polyurethane-based and others. Based on application the market is segmented into Automotive, Marine, Building & Construction, Transportation, Aerospace, Electronic Components and Energy. The automotive industry has multiple applications owing to the presence of several dissimilar components.

By Product Type:

By Application:
Building & Construction
Electronic Components

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By Region

North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific- Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates

Major Table of Contents:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities Emerging Markets to Offer Lucrative Growth Opportunities


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