The Americas Structural Adhesives Market - Global Forecast To 2021
High demand for structural adhesives from wind energy, marine, transportation, and construction end-use industries is driving the Americas structural adhesives market. The demand for structural adhesives is increasing with the growing need for lightweight parts of vehicles to reduce emissions, increase efficiency, and improve aesthetic appeal.
Several types of adhesives such as acrylic, epoxy, methacrylate, polyurethane, others are used for structural applications. Epoxy adhesives offers excellent opportunity for growth to adhesive manufacturers. As the demand for epoxy adhesives is increasing, these adhesives are widely used for bonding components, such as rotor blades of wind, car hoods and doors, cockpits in aircraft, engines, radomes, floorings, and fairings of aircraft. The increasing use of epoxy adhesives is attributed to the rise in the use of fiber reinforced materials for fabricating components or rail, automotive, wind, aerospace, and construction industries.
U.S. dominates the Americas structural adhesives market by capturing a significant share. Mexico is the fastest-growing market of Americas structural adhesives with the increasing demand from automotive, wind, marine and construction & building applications. The structural adhesives market in America is growing significantly owing to rising demand, especially from U.S., Mexico, Colombia, and Brazil. The demand is increasing with the rising need for reducing weight, manufacturing time, and costs; ensuring excellent mechanical performance; and increasing the use of composites while fabricating components in transportation, wind, marine, automotive, and construction & building applications.
The market players are expected to adopt growth strategies such as merger & acquisition and investment & expansions to expand their overall business. This strategy will help the manufacturers to expand their regional footprint in emerging countries such as Brazil, Colombia, and Argentina. The rising demand for Americas structural adhesives is mainly driven by the construction & building, wind, marine, and transportation applications. All these developments are expected to lead to sustainable growth of the Americas structural adhesives market in the next five years. Arkema (France), Scott Bader (U.K.), Lord Corporation (U.S.), Henkel AG & Company (Germany), 3M Company (U.S.), among others, are the key active players of the Americas structural adhesives market.
