Structural Adhesives Market is Estimated to Develop at a CAGR of 6.9% during the Forecast Period, observes TMR Study

• The rising rate of aircraft manufacturing is estimated to drive market demand for structural adhesives during the forecast period
• The need for high-performance structural adhesives able to tolerate changes in temperature, stress, chemicals, vibration, as well as other kinds of agents in final end-use products or components is increasing.

ALBANY, N.Y., May 24, 2022 /PRNewswire/ -- The value of global structural adhesives market stood at US$ 12.2 Bn in 2021. The market is estimated to rise at a CAGR of 6.9% during the forecast period, from 2022 to 2031. The global structural adhesives market is estimated to attain valuation of US$ 22.1 Bn by 2031. Structural adhesives can survive abrupt pressure fluctuations or chemical exposure whilst maintaining substrate integrity. As a result, all firms are conducting considerable R&D to develop structural adhesive formulations in order to retain substrate qualities. In addition to the automobile sector, structural adhesives are important in the aerospace industry for bonding composite-to-composite parts, metal-to-composite, and metal-to-metal.

The global structural adhesives market is expected to grow significantly from 2022 to 2031, due to structural adhesives' beneficial features, particularly in automotive as well as building & construction sectors. Within design constraints, these adhesives can convey structural stress without compromising structural integrity.

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For several years, stakeholders in the automotive sector have used riveting, welding, fasteners, and other processes to perform their commercial activities. In order to build sturdy end-use products with multi-substrates, structural adhesives are appearing as a possible alternative to these traditional approaches. Structural adhesives not only come sturdier, but they also have a number of advantages over previous techniques, such as being more cost-effective, making the production process for autos go much faster, and requiring less talent to utilize.