The global structural adhesives market was valued at US$ 9,419.4 Mn in 2017. It is anticipated to expand at a CAGR of 6.98% from 2018 to 2026, according to a new research report titled ‘Structural Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) The global structural adhesives market is driven by a rise in demand for structural adhesives from the building & construction and wind energy sectors worldwide. In terms of demand, Asia Pacific accounts for a dominant share of the global structural adhesives market.
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Increase in Demand for Lightweight and Low-carbon Emitting Vehicles and Aircraft are Driving the Structural Adhesives Market
The automotive industry is continually working toward designing lightweight and fuel-efficient vehicles that can reduce carbon dioxide emissions significantly. Stringent regulations regarding carbon dioxide emissions are being imposed worldwide. Structural adhesives play an important role in reducing carbon dioxide emissions. They provide vehicles with structural strength. They possess the ability to bond various surfaces together.
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Use of structural adhesives makes vehicles lighter, quieter, and safer compared to mechanical fastening methods such as welding, bolting, and soldering. Structural adhesives are known to distribute load evenly across a surface, resulting in better efficiency compared to mechanical fastening, which generates local stress in parts joined.
Currently, around 15 kilograms of adhesives are used in an average car. This amount is likely to increase in the next few years. Structural adhesives are preferred for use in interiors, exteriors, and engine compartments of aircraft, due to their advantages over other types of adhesives. Structural adhesives carry higher weight loads and improve uniform distribution of stress and strain across the joints. They also maintain the integrity and strength of materials, as there is no hole, rivet, or fastening element to weaken the structure. The above-mentioned factors are projected to fuel demand for structural adhesives worldwide during the forecast period.
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Stringent Environmental Regulations in North America and Europe are Hampering the Structural Adhesives Market
Volatile organic compounds (VOC) emitted during the use of structural adhesives pose a threat to the environment. Several countries have set guidelines restricting the amount of VOCs emitted during the usage of structural adhesives in industries. Manufacturing operations are bound by regulations and rules with respect to evaluation, registration, storage, usage, handling, and transportation of certain substances and their emissions, effluents, and other wastes. Violation of these regulations is expected to lead to legal obligation in future business activities. These environment-related regulations restrain the demand for structural adhesives in the residential and non-residential construction sector, as violation of these government regulations is projected to attract heavy penalties.
Rapid industrialization and urbanization have increased air pollution, which has affected the health of people across the globe. Several developing as well as developed countries are facing pressure from domestic and international regulatory bodies to formulate regulations and principles about control of VOC emissions in order to lower the levels of pollution. Air pollutants, such as VOCs, particulate matter, carbon monoxide, oxides of nitrogen, and sulfur dioxide, cause serious health hazards to agriculture and climate worldwide. VOCs are major air pollutants in urban areas. Emission standards have been fixed to facilitate the effective control of air pollution.
These standards have set permissible limits that are formulated by organizations such as the Central Pollution Control Board, Ministry of Environment & Forests, Bureau of Indian Standards, World Health Organization, and National Emissions Inventory. The National Emissions Inventory is a combination of data collected from various sources, including the industrial sector, EPA models, and numerous state and local agencies.
Urethane Segment to Dominate Global Structural Adhesives Market
Based on type, the global structural adhesives market has been segmented into epoxy, acrylic, cyanoacrylate, urethane, and others. The others segment comprises silicon, anaerobic adhesives, and vinyl acetates. The urethane segment accounted for a leading share of the global structural adhesives market in 2017. The segment is likely to remain highly attractive during the forecast period, due to the cost-efficient and fast-curing nature of urethanes. Also, urethanes provide strong bonding to larger areas, which provides them a competitive advantage over other types of adhesives.
Automotive Segment to Lead Market
Based on end-use industry, the global structural adhesives market can be divided into automotive, building & construction, marine, aerospace, wind energy, and others. The others segment includes sporting goods, electronics, and furniture. Automotive was a highly attractive segment of the global structural adhesives market in 2017, due to a rise in demand for structural adhesives for use in recreational vehicles and lightweight vehicles. Structural adhesives are used significantly in the automotive industry, as they can provide better adhesion to distinct substrates such as steel and plastics.
Asia Pacific Dominates Global Structural Adhesives Market
Based on region, the global structural adhesives market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of value and volume, Asia Pacific was a leading region of the global market in 2017. The market in the region is anticipated to expand at a rapid pace during the forecast period, owing to expansion in the automotive & construction industry and presence of major manufacturers of structural adhesives in the region. Europe and North America are significant consumers of structural adhesives. However, countries in the European Union are developing new policies that compel manufacturers to produce bio-based adhesives in order to reduce impact on the environment. These government policies are becoming increasingly stringent for manufacturers of structural adhesives. The structural adhesives market in Latin America is projected to expand at a sluggish to moderate pace during the forecast period, as demand for structural adhesives in these regions is anticipated to rise in the next few years, due to an expansion in the automotive industry in these regions.
High Degree of Competition among Players Operating in Structural Adhesives Market
The degree of competition among players operating in the structural adhesives market in the China is high, due to the presence of a large number of players producing structural adhesives in the country. Key players operating in the global structural adhesives market are Henkel AG & Co. KGaA, 3M, Sika AG, Huntsman International LLC, Illinois Tool Works Inc., H.B. Fuller, Ashland, DowDuPont, Bostik, and LORD Corporation.
Barium, a chemically inert and dense mineral, is used in a number of end-use industries.
It is also quite interesting to note that not only are certain areas identified as hotbeds of exploration, they are also highly productive.” Some of these are the Mediterranean region, Africa, and Latin America.In terms of BOE (Barrels of Oil Equivalent), the new regions show a performance of 26 discoveries - 100 BOE, out of the 12.2 billion barrels BOE discovered in 2019.
This shows how conventional discoveries are moving on a high trajectory.The study report on the global barite market, prepared by Transparency Market Research states that the market would chart a decent CAGR (Compound Annual Growth Rate) of 4.8 percent – in the period 2018-2026 Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=2404Consolidated Vendor Landscape to Mark Global Barite Market over the Forecast PeriodThe competitive landscape of the global barite market is consolidated and the trend will continue over the forecast period.
Apart from improving the product quality, players are looking to work with different grades in order to widen the scope of applications.Some of the players that are seen as high performers in the global barite market include Spectrum Chemical Manufacturing Corporation, Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC, and Anglo Pacific Minerals, among others.It is pertinent to note here that the top tier players that are operating in the global barite market landscape have a hold on about 55% of the total market share.
It is also important to note that these players are scurrying to improve plant facilities for bettering capacity in terms of production.North America to Show Stellar Performance over the Forecast PeriodDominating the regional landscape of the global barite market, North America will ride to growth on the back of strong presence of key market players and numerous end-use industries in its landscape.
However, market expert’s note, “Oil and gas segment in the region will lose to rubber and plastics over the period to come.”Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=2404About UsTransparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.Our reports are single-point solutions for businesses to grow, evolve, and mature.
The global electrical appliances market was valued at around US$ 685 Bn in 2016 and is anticipated to register a CAGR of ~7% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled “Electrical Appliances Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”Electrical appliances are defined as devices which use electricity to perform specific functions.
A wide range of such appliances is available from refrigerators, wine-coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers and water heaters to air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers.
Interpret a Competitive outlook Analysis Report with PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=41387Higher standards of living and availability of lucrative product offers and purchase credit schemes to drive the market for electrical appliancesOne of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region.
The major restraint on the global electrical appliances market is the consistent and considerable R investment required to develop new, more efficient, environment-friendly, smart, and connected appliances.
It is a highly competitive market coupled with increasingly stringent government regulations regarding emissions of environmentally harmful chemicals.
In such a scenario, the constant improvement of products is important, though this is mostly possible only by the larger companies such as Whirlpool Corporation, Haier Group, and LG Electronics Inc.Product differentiation and new product development are expected to be among the available opportunities in the global electrical appliance market during the forecast periodMajor opportunities in the global electrical appliances market exist in product differentiation and new product development.
The global hospital acquired pneumonia drug market has been analyzed by Transparency Market Research (TMR) to give a complete description of the market and its growth in the coming years.
Few vendors are likely to adopt pricing strategies that would increase the competition in the market.Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1881Furthermore, companies are likely to adopt strategies such as high investments to adopt newer technologies, research and development activities, and mergers and acquisitions to strengthen their position in the market.
North America is expected to lead the market during the forecast period.
The presence of large number of vendors has also made the North America market grow distinctively.Request for Analysis of COVID-19 Impact on Hospital Acquired Pneumonia Drugs Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1881Immunocompromised Patients Are Prone to Acquire Pneumonia from hospitals Patients who have undergone a surgery, are on enteral feeding, or are immunocompromised are more vulnerable to acquiring hospital acquired pneumonia.
The hospital acquired pneumonia is also prevalent among the newborns, as they might suffer from respiratory syncytial virus (RSV) which has been identified as one of the major reason for nosocomial pneumonia.The increasing incidence of hospital acquired pneumonia has pushed the government to take effective and strict measures that can address the root cause of these types of infections.
The factors that create an unhealthy environment are often caused due to inadequate financial resources, poor infrastructure, and over-crowded hospitals that increase the chances of communicable diseases.
Upper respiratory tract infection (URTI) is a medical condition caused by acute infection that involves parts of the upper respiratory tract such as larynx or pharynx, sinuses, and nose.
Pharyngitis, sinusitis, laryngitis, tonsillitis, common cold, and otitis media are some of the most common upper respiratory tract disorders.
Some other symptoms of the disease are headaches, hyposmia, foul breath, sinus pain, shortness of breath, vomiting, diarrhea, nausea, conjunctivitis, and body ache.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=58905Upper respiratory tract disorders can be treated with antibiotics and decongestants.
Antibiotics are rarely used as a treatment option for upper respiratory tract disorders as they are associated with many side effects and also can initiate secondary infections and bacterial resistance.
The global upper respiratory tract infection treatment market is expected to expand substantially, due to an increase in the incidence of respiratory disorders across the globe.
However, side effects of NSAIDs are expected to impact the growth of this market.
Transparent Market Research (TMR) reflects the competitive landscape of the global pharmaceutical chemical spread across the globe.
New strategies are expected to be introduced to penetrate into the market.
Rising population and low mortality rate seems to be the reason for lucrative growth in the healthcare sector.
Swell in the geriatric population calls for increase in healthcare facilities.
Global pharmaceutical chemical market is projected to be flourishing in coming years due to rise in demand for drugs for non-communicable diseases.
However, developments in all the fields of healthcare facilities and rising geriatric population is projected to inflate the global pharmaceutical chemical market.Request for covid19 impact analysis –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=37685Disease Oriented Treatment to Push GrowthVarious therapy based applications are expected to increase the demand for global pharmaceutical chemical market.
Asphalt Additives Market: Key HighlightsThe global asphalt additives marketwas valued at ~ US$ 3.5 Mn in 2018, and is projected to expand at a CAGR of ~ 6% from 2019 to 2027.
Emerging warm mix asphalt (WMA) technology is anticipated to augment the global asphalt additives market during the forecast period.Asia Pacific was the leading region of the global asphalt additives market in The Asia Pacific asphalt additives market is estimated to continue its dominance in the global asphalt additives market during the forecast period.Key Drivers of the Asphalt Additives MarketThe demand for asphalt in road construction is expected to be driven by increasing environmental funding, legislative pressure to improve infrastructure, and growth in non-building construction activities, particularly in the highway & street segment.The demand for paving asphalt used in highways and streets has been rising, owing to the increase in government funding and growth in highway and street construction activities.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3238Shift in Focus Toward Bio-based Additives to Offer Attractive OpportunitiesBio-based additives are defined as additives made from biological sources.
Manufacturers are increasingly using eco-friendly products, owing to the rise in the awareness about the environment among consumers.Availability of Alternatives for Asphalt to Hamper the Asphalt Additives MarketBricks, pavers, cobblestone, concrete, permeable paving, gravel, and cement are some of the substitutes that are being increasingly used in place of bitumen.
Concrete is a highly employed product in the construction and maintenance of roads.The governments of several countries have been preferring the usage of concrete and cement for paving roads since the last few years.
This is expected to hamper the asphalt additives market.Asia Pacific Dominates the Asphalt Additives MarketAsia Pacific is expected to continue being a prominent market in the global asphalt additives market during the forecast period.
