Why will Demand for Structural Adhesives Climb in Asia-Pacific in Future?

The increasing usage of structural adhesives in construction activities is massively pushing up their sales across the globe. Due to their high resistance to chemicals and extreme weather and temperature conditions and excellent strength, structural adhesives are heavily used in construction, repair, and infrastructural development applications such as those pertaining to buildings, roads, bridges, and railways all over the world. These materials are mainly used for bonding or joining two or more surfaces.

The launch of several extensive urban and industrial development projects in various countries, on account of the soaring population levels, is predicted to cause a sharp surge in the demand for structural adhesives in the coming years. This will, in turn, fuel the boom of the global structural adhesives market in the future years. Besides the booming construction sector, the flourishing transportation industry is also boosting the sales of these adhesives.

This is because structural adhesives are increasingly being preferred over the conventionally used fasteners in the transportation industry, primarily because of the growing demand for high structural strength in automobiles, ships, and airplanes. Moreover, these adhesives are highly eco-friendly, more affordable, have lighter weights, and provide better aesthetics than the conventional fasteners. Furthermore, the rising popularity of light weight vehicles is propelling the demand for structural adhesives across the globe.

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The mushrooming sales of electric vehicles is another major factor powering the global demand for structural adhesives. This is because these adhesives are heavily used in electric vehicle battery assembly, on account of their high bonding strength. Due to these factors, the sales of these adhesives are rising, which is, in turn, driving the expansion of the structural adhesives market. The valuation of the market is expected to grow from $11,677.9 million to $15,683.0 million from 2018 to 2024.