The global structural adhesives market is projected to reach 2,024.67 kt by 2022 by volume, according to a report from Research and Markets. In terms of value, the market size for structural adhesives is estimated at $11.17 billion in 2017, and is projected to reach $15.72 billion by 2022, at a compound annual growth rate (CAGR) of 7.1%.

The demand for structural adhesives has been increasing in applications such as building and construction, bus and truck, automotive, wind energy, marine, rail, aerospace, and others. Currently, key structural adhesives players are undertaking R&D to develop sustainable adhesives and overcome the limitations of traditional fastening methods.

The composite substrate segment in the structural adhesives market is projected to grow at the highest CAGR during the forecast period. The increasing use of composites to reduce weight and increase fuel efficiency in the automobile, bus and truck, rail, wind energy, and marine applications is reportedly expected to drive the structural adhesives market in the coming future.

The wind energy application in the structural adhesives market is projected to grow at the highest CAGR during the forecast period. The increasing use of renewable energy and installation of wind mills, is expected to drive the structural adhesives market in the coming future.

For more information, visit www.researchandmarkets.com.