DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Structural Adhesives Market - Forecasts from 2016 to 2021" report to their offering.
The demand for structural adhesives is majorly driven by infrastructure and construction activities. Booming automotive industry will propel the growth of this market over the next five years due to rising usage of plastic in automotive component fabrication. Structural Adhesives Market is estimated to grow from US$10.346 billion in 2015 to US$15.527 billion by 2021, at a CAGR of 7.00% over the forecast period.
Evolving trends in furniture design, especially in the U.S. and Europe is escalating the demand for modern furniture for housing and workplace, and will drive the demand for structural adhesives across various applications such as wood panels, drawing liners, and rigid bonding of glass panels. Asia Pacific will witness the highest growth of structural adhesives market during the forecast period.
High economic growth rate, rising population, increasing investment in infrastructure, governments focus on the manufacturing sector, and burgeoning demand for automobiles are some of the major factors propelling the growth of structural adhesives market in the region. However, factors such as volatility in raw material prices and stringent environmental regulation will restrain the market growth during the forecast period.
Complete industry analysis has also been covered by Porter's five forces model as a part of this report.
- Dow Chemical Company
- Henkel AG
- Hubei Huitian Adhesive Enterprise
- Lord Corporation
- SIKA AG
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Structural Adhesives Market Forecast by Type (US$ billion)
6. Structural Adhesives Market Forecast by Industry Verticals (US$ billion)
7. Structural Adhesives Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/xc924t/structural
Related Topics: Adhesives and Sealants