Structural Adhesives Market to Top US$ 16.1 Bn as Adoption of Lightweight Composites Burgeons within Automotive Sector: Future Market Insights

Structural Adhesives Market to Top US$ 16.1 Bn as Adoption of Lightweight Composites Burgeons within Automotive Sector: Future Market Insights

PR Newswire

DUBAI, UAE, Jan. 4, 2022

A detailed study published by Future Market Insights (FMI) uncovers critical trends and opportunities facilitating the growth in the structural adhesives market. The report emphasizes on highlighting key micro & macro-economic indicators pushing sales across various segments in terms of product type and application across six regions for the upcoming decade.

DUBAI, UAE, Jan. 4, 2022 /PRNewswire/ -- Future Market Insights (FMI), Dubai: As per the latest survey by FMI, the global structural adhesives market is estimated to top US$ 11.6 Bn in 2022. Increasing applications of structural adhesives in lamination, flooring, roofing, and coating across the construction sector are fueling the demand in the market.

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Demand for fuel-efficient and electric vehicles is rapidly increasing across the world with increasing fuel costs. Hence, automotive manufacturers are emphasizing on using lightweight materials such as composites, plastic, and others to enhance the fuel efficiency of vehicles. As per FMI, the market is anticipated to reach US$ 16.1 Bn by 2028.

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As structural adhesives play a crucial role in bonding substrate materials such as plastic and composites, increasing demand for lightweight materials within the automotive sector is projected to bolster the growth in the market. Driven by this, sales of structural adhesives are anticipated to rise at 5.6% CAGR between 2022 and 2028.

Further, growing usage of adhesives for structural bonding applications across the aerospace industry, owing to their outstanding performance qualities such as high heat resistance, impact-absorbing capacity, load-bearing capacity, and others is propelling the demand in the market.

This has assisted the market to account for around 18% of the total adhesives and sealants sales in 2021.

Based on product type, the epoxy-based structural adhesives segment is projected to account for a significant share in the market through 2028. High flexibility, resistance to water, oil, and chemicals, and inertness compared to others adhesives are primary factors driving the growth in the segment.

"Increasing government emphasis for promoting the adoption of electric vehicles and increasing number of massive renewable energy generation projects across developing economies are expected to augment the growth in the market," says a FMI analyst.

Key Takeaways from Structural Adhesives Market Study

For information on the Research Approach used in the Report@ https://www.futuremarketinsights.com/reports/structural-adhesives-market

Key Drivers

Key Restraints

Competitive Landscape

Key manufacturers in the global structural adhesives market are investing in research and development (R&D) activities for novel adhesives with better curing properties as per changing industry standards for diverse industry verticals.

For instance,

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Some of the key players operating in the market profiled by FMI are:

More Valuable Insights on Structural Adhesives Market

The latest report by FMI provides a detailed analysis of the global structural adhesives market, providing credible insights into key factor driving the market through 2022 and beyond. The study also disclosed growth projections on in structural adhesives market with detailed segmentation:

By Product Type:

By Application:

By Region:

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-2667

Key Questions Covered in the Report

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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