Structural Adhesive Market Growth Outlook With Industry Review and Forecast 2019-2024

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Structural Adhesives Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Structural Adhesives
Industry

• Rapidly developing global construction sector is
  expected to propel structural adhesives market
  share over the projected timeframe. Additionally,
  structural adhesives prominent use in automotive
  manufacturing complemented by the exponential
  growth of automotive industry will majorly
  influence the product demand.
• The increasing product utilization across
  aerospace industry to reduce weight and enhance
  security will play a crucial role affecting the
  market performance. Some of the application
  trends anticipated to drive structural adhesives
  market are stated underneath.
• Structural adhesives find wide applications in
  automotive manufacturing, owing to different
  types of material used while assembling a
  vehicle. The product strongly resembles the
  welding, rivets, and other mechanical fasteners,
  which enables it to replace them, further
  decreasing the overall vehicle weight. With
  improved vehicle strength and durability, less
  time taken in metal bonding also improves the
  manufacturing efficiencies. Thereby, proper
  utilization of structural adhesives can
  drastically speed up the manufacturing and
  assembling processes.

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• The ability to join multi-substrate assemblies
  allow automotive manufactures to achieve weight
  savings without compromising the joint strength.
  Adhesive produces high strength joints between
  different materials like aluminum, steel, and
  plastic.
• Lowering the automobile weight directly improves
  the vehicle efficiency with lowered fuel
  consumption. Thereby, the deployment of stringent
  norms to curb GHGs emission will remarkably
  enhance structural adhesives industry outlook
  over the estimated timeframe.
• It is most commonly used to join thin internal or
  external aerospace structures without the need of
  any extra reinforcements. The extensive
  applications for bonding metal-to-metal,
  composite-to-composite and metal-to-composites
  will propel high product demand.
• Structural adhesives are used at every stage of
  aerospace manufacturing, ranging from OEM to the
  manufacturing of parts for civil aviation,
  helicopters, and fighter jets.
• Some of the applications include panel bonding
  and forming, edge filling and closing out, panel
  reinforcement, laminating, and repair patches.

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360 Industry Analysis

• Asia Pacific is anticipated to account for a
  substantial market share due to rapid
  urbanization and industrial development. Rapidly
  growing population and increased spending power
  will augment the investment in construction
  sector across APAC.
• The growing demand for structural adhesives from
  the construction and furniture industries across
  the countries comprising China and India will
  positively impact market growth.
• Competitive Analysis
• Key players in the market include
  Zschimmer-schwarz Group, Torrecid SA, Sicer SPA,
  Ferro Corporation, Fritta SPA, and Sun Chemical.
•  

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