Structural Adhesives Market

New Product Developments,Launches, Mergers & Acquisitions, Investments & Expansions, and Partnerships & Agreements are the Major Strategies Adopted by Key Players in the Structural Adhesives Market

The structural adhesives market is projected to reach USD 15.72 Billion by 2022, at a CAGR of 7.1% between 2017 and 2022. Structural adhesives are capable of handling high tensile, shear, cleavage, and peel strength in between the substrates and provide excellent mechanical performance while enabling weight reduction. These adhesives also improve the aesthetic appeal of end products as bolts, rivets, and welds are not required to be used, and thus make these special for a number of applications, such as building & construction, bus & truck, automotive, marine, wind energy, rail, aerospace, and others.

New product developments/launches, mergers & acquisitions, investments & expansions, and partnerships & agreements are the major strategies adopted by key players in the structural adhesives market. These strategies have helped companies operating in the structural adhesives market to enhance their product portfolios and expand their global presence. These key companies are also focusing on entering new markets by launching technologically advanced structural adhesives for varied end-use industries. Some of the leading manufacturers of structural adhesives include Henkel AG & Co. KGaA (Germany), 3M Company (US), Sika AG (Switzerland), Huntsman International LLC. (US), Illinois Tool Works Inc. (US), H.B. Fuller (US), Ashland (US), The Dow Chemical Company  (US), Bostik (France), and LORD Corporation (US), among others. These companies have adopted various organic and inorganic growth strategies to increase their businesses in the structural adhesives market.

Companies have majorly adopted the new product developments/launches and mergers & acquisitions strategies to strengthen their positions in the structural adhesives market. These strategies together accounted for a share of 60% of all the strategic developments that took place in the structural adhesives market between 2014 and 2017.

Henkel (Germany) is one of the key market players in the structural adhesives market. The company has an extensive product portfolio in structural adhesives based on different resin types, mainly epoxy and polyurethane resins. It undertook organic and inorganic strategies in the structural adhesives market between 2014 and 2017. Recently in 2017, the company started the construction of a new production facility for aerospace applications at its site in Spain. This is expected to enhance its structural adhesive technologies business, and cater to the growing demand for high-impact solutions in the aerospace industry such as weight reduction.

Another key player that has established a strong foothold in the structural adhesives market is 3M (US). The company offers various resin based structural adhesives under the brand name, Scotch-Weld. As a part of its organic growth strategy, the company focused on enhancing its structural adhesives product portfolio by launching high performance structural adhesives. In 2015, the company launched DP8425NS and DP8825NS structural adhesives based on acrylic resin under its Scotch-Weld brand. These adhesives helped improve the efficiency of the assembly process that was earlier cumbersome as it required the use of mechanical fasteners.

Related Reports:

Structural Adhesives Market by Resin (Epoxy, Polyurethane, Acrylic, Methyl Methacrylate, Cyanoacrylate), Substrate (Metals, Plastics, Wood, Composites), Application (Wind Energy, Marine, Rail, Aerospace), and Region - Global Forecast to 2022

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Report Code
CH 3546
Published ON
Sep, 2017
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