Study on the Global Structural Adhesives Market
MRRSE, recently published a market study which indicates that the global keyword market is anticipated to grow at a CAGR of ~XX% during the forecast period (2019-2029). The growth of the keyword market is predominantly driven by rising demand for keyword from multiple end-use industries such as end-use industry 1, end-use industry 2, end-use industry 3, and end-use industry 4.
The presented study addresses the following queries related to the keyword market:
- Why is the demand for product 1 expected to witness considerable growth over the forecast period?
- How will progress in technology influence the growth of the keyword market in the upcoming years?
- Which region is likely to emerge as the most lucrative pocket for market players?
- What are the recent trends that are likely to impact the growth of the keyword market in the near future?
- Which market players are expected to have a strong global presence in the keyword market?
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The presented market report dives deep into understanding the business strategies adopted by leading market players in the global keyword market. Further, the SWOT analysis for leading market players is enclosed in the report along with the revenue share, pricing analysis, and product overview of each company.
key market players in China and North America will enable both the regions to continue their dominance in the global structural adhesives market, in terms of revenue share. European market will also be a key region through 2028, as indicated by the report. While bolstering growth of automotive and construction sectors is expected to drive growth of North America and Europe, the flourishing electronics sector is likely to fuel growth of Chinese market. China is believed to continue its lead as the top choice among investors. Some of the key players such as Sika AG, Henkel AG & Co. KGaA, Huntsman Corporation, and 3M Company have been concentrating on gaining an expanded value share through higher investment in China.
Emerging Economies Represent Lucrative Markets
While China and North America are currently observed to be accounting for significant market value shares in the global structural adhesives market, the report spots developing economies such as MEA, SEAP, and Latin America as the high-potential regional markets, estimated to open new doors of opportunities for manufacturers in upcoming years. MEA has been recognized as a high-growth low-volume region expected to host multiple opportunities during the forecast period.
Soaring demand for lightweight composites among automakers will play a crucial role in expanding volume sales of structural adhesives in next few years. Aerospace industry will also continue to put forth significant demand for lightweight composites, and eventually for structural adhesives. MEA, especially GCC countries, will reportedly register high sales owing to a widening application base in the transportation sector. GCC is likely to be a high-growth regional market within MEA, whereas Africa will witness relatively lower growth.
Manufacturers are currently switching to the development of bio-based structural adhesives, which is said to be an influencing trend in the industry. Moreover, development of low temperature-cured, water-based variants of structural adhesives is an increasingly adopted trend among manufacturers. The development involving low curing time is also trending among leading companies, leading to innovations and growing demand. Rapid popularity of electric vehicles will also seemingly contribute to structural adhesive sales through 2028.
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The extensive study on the keyword market pinpoints the different factors that are likely to influence the prospects of the keyword market in each region. The different regions covered in the report include:
The report offers crucial insights related to the various applications of the keyword along with the Year-on-Year growth analysis of each application.
Decisive Information Enclosed in the report:
- The scenario of the global keyword market in different regions
- Current market trends influencing the growth of the keyword market
- Factors expected to hinder the growth of the global keyword market
- Micro and macro-economic factors shaping the growth of the market in different regions
- Key strategies adopted by players to gain a competitive edge in the keyword market
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