Acumen Research and Consulting Structural Adhesives Market Size is Projected to R | Page 3

structural adhesives offer reduced weight, reduced mounting time and protection against corrosion. Regional Outlook On the basis of the region, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America have divided the global structural stickers market. Asia-Pacific dominated the global market for structural adhesives in 2017 in terms of volume and value. Due to rapid industrialization and increasing demand for structural adhesives from the building and automotive industries in the region, the region will likely remain highly lucrative during the forecast period. With the expansion of industries like construction, automotive and electronics, China is rapidly expanding on the Asia-Pacific markets. Also in 2017, Europe was a significant part of the global market for structural adhesives. Due to the presence of numerous automotive and aerospace companies in the region, Europe contributes significantly to the structural adhesive market. Due to sluggish growth in industries such as car manufacturing and construction in the area, the structural adhesive market in North America is expected to grow at a minimum during the projected period. In North America, the drivers of the structural adhesive market include high wind, transport and maritime demand. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Increasing demand for weight reduction in the use of components in industries such as energy, cars and the marine industry means that plastics and composites are being substituted for traditional materials such as metals. This leads to demand for North American structural adhesives. The Middle-East and Africa market share is expected, as the growth rate of building industry in this region is small, to remain consistent by the end of the projected period. However, in the near future the rate is expected to rise. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]