The American structural adhesives is major chunk of the global structural adhesives market. It is expected to grow at a steady pace considering the North American structural adhesives market has reached a certain stage of maturity in contrast Latin America seems to see an strong growth as an emerging market, with increasing popularity for structural adhesives and its advantages over traditional bonding mechanism in construction, automobiles, aviation, electronic and other important markets.
What is a Structural Adhesive?
Structural adhesives are substances that are you to bind any two material together such as metal-metal or metal-plastic. The new structural adhesives are preferred over traditional methods like welding because of their proven structural integrity, lesser costs for training and application, lesser physical effects on the substrates being bonded and the advantage of being able to bond even dissimilar substrates together. The adhesives are applied and let to cure well below their glass transition temperature. There are many types of adhesives in the market classified on the basis of their resins: epoxy, acrylic, polyurethane and so on.
Structural adhesives have a wide market range, they are used for bonding any two substrates to form a load bearing joints and hence is used in a number of industries that require very good structural integrity with added advantages like lesser cost, time and weight management. It is used in the industries of: automobile, avionics, construction, aerospace Electronics, industrial assembly, Military, Marine and many more.
The Structural Adhesive market is facing slight push back especially in America due to rising crude oil prices and currency devaluation in relation to the Euro and the general volatility in the currency market, which has caused the raw material prices and transportation prices to increase.
Increased use of structural adhesives in the electronics, transporting and metal, packaging, consumer and craftsmanship market had fueled an increase in the market demand which has been a positive for the related companies.
The market players are happy with the growth in the structural adhesives market and are investing in R&D on structural adhesives to improve their product and provide complete customer satisfaction.
Research on use of structural adhesives in the marine industry to bond fiber re-enforced composite material, with structural adhesives being corrosion free and light weight plays to an advantage in its application in this particular industry with also its indispensable use in the railway manufacturing industry and aerospace applications.
Major players in the American structural adhesives market include companies: Dow, 3M Company, Henkel, Hernon, Lord Corporation, Arkema and many more.
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