The structural adhesives market is on the rise, and it will continue like this in the years to come as well. The industry is observing a shift in preference to these adhesives from conventional fasteners. The transportation industry is making the use of these structural adhesives and decreasing the usage of fasteners and weaker adhesive preparations. This shift is because of the low weight, low cost, eco-friendliness, and improved aesthetics of these adhesives.
Furthermore, because of their low weight and as they are replacing traditional fasteners, they make automobiles lighter, thus snowballing their fuel economy.
The growing requirement for these bonding materials from the infra sector is one of the key factors powering the industry growth. High strength and chemical and weather resistance are the reasons behind their growing use in this sector. Structural adhesives are put to use for construction and repair work in various infra settings, for instance railways, roads, bridges, and buildings.
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The acrylic category was leading the way in the industry, on the basis of type. As opposed to other structural adhesives, acrylic alternatives provide high shear and peel strength, which lets the formulation to bond with plastics and metals in numerous applications, for example footwear, woodworking, DIY, and building & construction.
The water-based category, on the basis of technology led the industry, and it is still continuing to do so. The growing preference for water-based adhesives over solvent-based adhesives are credited to the low or no emission of harmful VOCs from the former.
The building and construction category has the fastest growth in the structural adhesives market. This has a lot to do with the use of these adhesives for various applications, for example drywall lamination, countertop lamination, flooring underlayment, and house construction, and in HVAC systems, concrete, ceramic tiles, resilient flooring, pre-finished panels, cement, roofing, and wall covering.
APAC led the industry in the past and is growing the fastest in the current scenario as well. This has a lot to do with the development of the construction sector as a result of the spike in infra investments.
Furthermore, the use of these kinds of adhesives for the bonding of plastics, ceramics, and metals is increasing in the automotive, manufacturing, and packaging industries. China is dominating the APAC region, by generating . The fast infra and industrial growth and large count of renovation projects in the country will boost the structural adhesives demand in the coming years as well.
It is because of the growing demand for structural adhesives in footwear industry, the requirement for structural adhesives is on the rise.
SOURCE: P&S Intelligence