Structural Adhesives Market to Hit USD 22.1 billion by 2031, at a … – GlobeNewswire

Wilmington, Delaware, United States, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global structural adhesives market was estimated at a value of US$ 12.2 billion in 2021. It is anticipated to register a 6.9% CAGR from 2022 to 2031 and by 2031, the market is likely to attain US$ 22.1 billion by 2031.

Epoxy structural adhesives are becoming more and more popular in carbon fiber composite bonding for drilling platforms, which is helping manufacturers improve their bottom lines. Epoxy adhesives that cure at low temperatures and more recent iterations that follow the traditional high-heat one-part chemistry are becoming more widely available from manufacturers. Selecting the incorrect structural adhesive for various end-use applications might result in unfavorable effects.

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To assist desired outcomes following the usage of structural adhesives on various types of materials, organizations are engaging specialists who are educating customers about many aspects, such as chemical resistance, environmental difficulties during manufacturing, and mechanical obstacles.

Global Structural Adhesives Market: Key Players A few major manufacturers hold the majority of the market share in the consolidated global structural adhesives market. Important companies are spending money on research and development, mainly to create structural adhesives made of bio-based materials. These adhesives can lower carbon dioxide emissions, which will enhance the supply and value chain.

Major players have embraced the strategy of product range expansion and mergers and acquisitions. The following companies are well-known participants in the global structural adhesives market:

Key Findings of Market Report

Market Trends for Structural Adhesives

Global Market for Structural Adhesives: Regional Outlook Various reasons are propelling the growth of the structural adhesives market throughout the region. These are:

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Few of key developments by the players in this market are:

Global Structural Adhesives Market Segmentation Product Type

End-use

Region

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Structural Adhesives Market to Hit USD 22.1 billion by 2031, at a ... - GlobeNewswire