Structural Adhesives Market Outlook, Growth Drivers and Forecast Report

NEW YORK - Aug. 3, 2022 - PRLog -- The transportation sector is switching from traditional fasteners to structural adhesives, due to the surging preference for high structural strength vehicles like automobiles, ships, and airplanes. This shift can be owed to the lower cost, better fuel economy, eco-friendliness, and lesser weight of structural adhesives, as compared to fasteners. In addition, these adhesives also have the ability to lower differential expansion rates, a natural, watertight, and inert protective barrier between potentially corrosive metals. Thus, these benefits will fuel the adoption of structural adhesives in the coming years.

In addition, the rising application of structural adhesives in the infrastructure sector will drive the structural adhesives market at 5.2% CAGR during 2019–2024. The market was valued at $11,677.9 million in 2018 and it is expected to reach $15,683.0 million by 2024. These products are used to bind several surfaces and for repairing roads, railways, and bridges, owing to their high strength and resistance toward chemicals, temperature, and weather. Also, rapid urbanization has led to the construction of several residential and commercial units, which require large quantities of structural adhesives for binding purposes.

Moreover, the accelerating demand for electric vehicles (EVs) will also amplify the consumption of structural adhesives in the automobile sector, across the world. Automakers use these products for EV battery assemble and associated operations, owing to their high-bonding strength. Additionally, these agents also find wide application in the electrical and electronic sector, as a binding material in equipment like junction boxes and transformers. In the coming years, newly constructed transmission towers are expected to use these adhesives to minimize weight, assembly downtime, and cost.

The technology segment of the structural adhesives (https://www.psmarketresearch.com/market-analysis/structur...) market is categorized into solvent-based, solid reactive, water-based, and others. Among these, the solid reactive category accounted for the largest market share in 2018. These adhesives are primarily used in production of automobiles for the adhesion of several materials like aluminum and steel, and components of the vehicles. Other applications of structural adhesives in the automobile sector include sheet molding, roof linings, glazing, and bonding of seat units.

Thus, the growth of the construction, transportation, and automotive sectors will lead to the largescale consumption of structural adhesives in the coming years.