Sellbyville, DE -- (SBWIRE) -- 03/06/2019 -- Global Market Insights, Inc. add New Structural Adhesives Market report provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Structural Adhesives Market size will cross USD 7 billion by 2024. Applications in construction industry includes fiber composite materials, cellulose and wood materials, stone, ceramics, and glass. Rapid urbanization in the BRICS nations, coupled with escalating population will increase the housing demand, hence supporting the construction industry in the coming years. The global construction industry, led by China, India, and the U.S., was valued at over USD 8 trillion in 2015 and is expected to reach a value close to USD 17 trillion by 2024, growing at a CAGR of about 8%.

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Strict regulations pertaining to aerospace adhesives and sealants mandated by regulatory bodies such as SAE international, ASTM, ANSI, AITC, DIN, EN, and ISO characterize the global structural adhesives market. High load bearing parts and critical applications lead to stringent product norms to meet required specifications. For instance, ASTM regulation D3762 lays down the standard test method for adhesive-bonded surface durability of aluminum (Wedge Test) also known as "Boeing wedge test", wherein the adhesion; cohesion; or adherend failure are noted down after opening the specimen after the test period. Such regulations may hamper the structural adhesives market growth in the coming years.

Another important factor impacting the structural adhesives market is the occupational hazards associated with some product types. Epoxy based products pose considerable risks of burns during manual application as they liberate certain amounts of auxiliary materials and contaminants during heat curing. Polyurethane products contain isocyanates, which can cause skin and eye irritation and are carcinogenic in nature. Methyl methacrylate or MMA products have strong and pungent odor, causing headache, nausea, dizziness, and pulmonary problems. Such health hazards defined by OSHA may restrict the global structural adhesives market growth.

Structural Adhesives Market By Application
o Composites
o Metals
o Plastics
o Concrete & tiles
o Wood
o Leather

Structural Adhesives Market By End-User
o Automobiles
o Aviation & aerospace
o Marine
o Construction
o Furniture
o Water & sewer
o Others

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North America structural adhesives market will generate significant revenue by the end of 2024, owing to the surging infrastructure development along with growing advancements in the aviation industry. U.S. and Canada will be the prominent revenue contributors toward North America market share.

Asia Pacific structural adhesives industry collected a revenue of USD 2 billion in 2015 and will register considerable annual growth rate over the period of 2016 to 2024. The regional governments have been investing heavily in construction activities across this geography. Moreover, many of the automotive industry giants are establishing their manufacturing plants in various developing countries of APAC. Japan, India, South Korea, and China will contribute substantially toward the regional growth.

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Industry players are engaged in strategic alliances to strengthen their presence in the diversified business space. The noteworthy players in structural adhesives market are Illinois Tool Works, Arkema, 3M Company, Scott Bader Co., Lord Corporation, Dow Chemical Company, L&L Products, Henkel AG, SIKA AG, Master Bond, Parson Adhesives, Permabond, Ashland Inc., Hubei Huitian Adhesive Enterprise Co., Ltd., Elantas, and Panacol-Elosol GmbH.

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