The demand for structural adhesives has been increasing in applications such as building and construction, bus and truck, automotive, wind energy, marine, rail, aerospace, and others.
The global structural adhesives market is projected to reach 2,024.67 kt by 2022 by volume, according to a report from Research and Markets. In terms of value, the market size for structural adhesives is estimated at $11.17 billion in 2017, and is projected to reach $15.72 billion by 2022, at a compound annual growth rate (CAGR) of 7.1%.
The demand for structural adhesives has been increasing in applications such as building and construction, bus and truck, automotive, wind energy, marine, rail, aerospace, and others. Currently, key structural adhesives players are undertaking R&D to develop sustainable adhesives and overcome the limitations of traditional fastening methods.