According to The Maximize Market Research's most recent research study, "Global Structural Adhesives Market - Global Analysis and Forecast to 2029", Global Structural Adhesives Market size was valued at USD 15.9 Bn. in 2021 and the total Structural Adhesives Market revenue is expected to grow at 6.7 % from 2022 to 2029, reaching nearly USD 26.8 Bn.
Global Structural Adhesives Market Overview:
The goal of this study is to provide an overview of the Structural Adhesives industry as well as detailed market segmentation based on segments and regions. The research contains critical information on the market positions of the top Structural Adhesives firms, as well as significant industry trends and opportunities.
The research also focuses on the top industry players in the Global Structural Adhesives market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates Structural Adhesives Global, Regional, and Company Market Trends, Volume, and Value. This research looks at the whole Structural Adhesives Market Size from a global perspective, analyzing historical data and predictions.
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Market Scope:
Following completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To accomplish market estimation and forecasting for the overall market segments and sub-segments given in the Structural Adhesives market research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
Urethanes are predicted to experience the highest CAGR growth among all product categories during the projected period. The construction and automotive sectors employ urethane-based products extensively for plastic bonding. The need for plastics is continuously increasing across a wide range of end-use industries. 68.4 million tonnes were produced in 2021 compared to 64.5 million tonnes in 2020, according to Plastics Europe. The characteristics of cyanoacrylic products, such as low toxicity and rapid setting time, are anticipated to sustain the rising demand. These qualities enable their use in things such as consumer goods, industrial equipment, home appliances, and medical devices. The high production output of the aforementioned applications is anticipated to benefit the market.
Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Structural Adhesives market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Structural Adhesives industry.
• Henkel AG & Co. KGAA
• Sika AG
• 3M
• Dupont (Dowdupont)
• Huntsman International LLC.
• Illinois Tool Works Inc.
• Arkema (Bostik)
• H.B. Fuller
• Ashland
• Lord Corporation
• Mapei S.P.A
• Hubei Huitian New Materials Co., Ltd.
• Scott Bader Company Ltd.
• Permabond LLC.
• Scigrip
• L&L Products
• Master Bond Inc.
• Parson Adhesives, Inc.
• Delo Industrie Klebstoffe GmbH & Co. KGAA
• Dymax Corporation
• Hernon Manufacturing Inc.
• Weicon GmbH & Co. Kg
• Panacol-Elosol GmbH
• Uniseal, Inc.
• Riëd B.V.
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Structural Adhesives market in these regions.
COVID-19 Impact Analysis on Structural Adhesives Market:
As a result of the COVID-19 outbreak, customer behaviour has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Structural Adhesives market and will help you build your business in compliance with the new industry standards.
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Key Questions Answered in the Structural Adhesives Market Report are:
- What will be the Structural Adhesives market's CAGR throughout the projected period?
- Which market category emerged as the market leader in the Structural Adhesives industry?
- Who are the key players in the Structural Adhesives market?
- How big will the Structural Adhesives market be in 2029?
- Which firm had the biggest market share in the Structural Adhesives industry?
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