Mushrooming Electric Vehicle Adoption Fueling Structural Adhesive Demand

NEW YORK - Sept. 10, 2021 - PRLog -- With the expansion of the construction industry, on account of the increasing infrastructural activities in several countries, the demand for structural adhesives is growing rapidly across the world. For instance, in India, the launch of several government initiatives such as "the Smart Cities Mission" and the Pradhan Mantri Awas Yojana (URBAN)– PMAY (U), which is aimed at providing housing in all urban areas by 2022, has caused a sharp surge in infrastructural development projects in the country.

As structural adhesives are extensively used in the construction sector, because of their high strength and resistance to various chemicals and weather, the launch of numerous construction projects, such as those pertaining to the development of railways, roads, buildings, and bridges, is positively impacting their sales across the globe. Besides this, the growing use of structural adhesives in the electrical and electronics and automotive sectors is also driving their demand across the world.

Additionally, the mushrooming deployment of electric vehicles (EVs) is also pushing up the sales of these adhesives, as they are heavily used in these vehicles, owing to their high bonding strength. According to the International Energy Agency's Global EV Outlook 2020, over 2.1 million electric cars were sold across the world in 2019, surpassing the number recorded in 2018. Moreover, the rapid advancements being made in EV manufacturing and the surging production of electrical devices such as transformers, transmission towers, and junction boxes, are also fueling the growth of the global structural adhesives market (https://www.psmarketresearch.com/market-analysis/structur...).

Globally, the sales of structural adhesives are predicted to boom in Asia-Pacific (APAC) in the forthcoming years. This is credited to the soaring investments being made in infrastructure projects, launch of several housing projects, and the expansion of the real estate sector in the region. As these adhesives offer high production speeds and reduced costs to builders and fabricators and help develop better products, they are increasingly being used in the real estate sector.

Hence, it can be said without any hesitation that the demand for structural adhesives will shoot up in the upcoming years, primarily because of their increasing usage in the construction sector and the surging infrastructural development projects being launched in several countries.