“The report covers the global structural adhesive market and further segments the market on the basis of type, application, and region. The market data for these types is given with respect to volume (kilo tons) and value ($million). The global market value of structural adhesive was estimated to be about $24.20 billion in 2020 and is projected to grow at a CAGR 7.71% between 2015 and 2020. The data mentioned in the report are based on the global demand for structural adhesive.
The structural adhesive market has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, structural adhesive producers, chemical manufacturers, and end-user industries. The value chain describes the key contributors to the structural adhesive market at different stages from product development to end use. It represents the top players which are contributing to the global structural adhesive industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for structural adhesive in Asia-Pacific especially in China and India where there is robust growth in the wind, aerospace, and automotive followed bybus & truck industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the adhesive in the past made the market more strained for the structural applications.
The global structural adhesive market is also classified based on different applications. The important applications include automotive, aerospace, building & construction, marine, rail, wind, and truck & bus. The wind, automotive, and aerospacel applications are expected to show excellent growth in the future due to the urbanization and growing government initatives.
The key companies in this market are 3M Co. (U.S.), Ashland (U.S.), Dow (U.S.), Lord Corporation (U.S.), HUBEI HUITIAN ADHESIVE ENTERPRISE CO. (China), Henkel (Germany), ITW (U.S.), SIKA (Switzerland), Scott Bader (England), Arkema (France), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product development and acquisitions were the most preferred strategies by the top players in 2014 that were driving the demand of structural adhesive. Their strategy to capture the untapped market in developing economies includes expansion, partnership and investments.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 39.93% of the global demand in terms of market share in 2015. China is the leading country in the consumption of structural adhesive, due to the increased demand of the aerospace, wind, marine, automotive and infrastructure development. The important emerging economies such as Brazil, Singapore, Philippines, India, Thailand, and others are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments & expansions, new product launches, partnerships, agreements & collaborations undertaken by the leading structural adhesive companies in the past few years. Furthermore, different structural adhesive market participants are also profiled in the report.
Scope of the report
The report segments the global structural adhesive market as:
The global structural adhesive market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of Application:
• Automotive
• Aerospace
• Building And Construction
• Marine
• Rail
• Wind
• Truck And Bus
On the basis of type:
• Acrylic
• Cyanoacrylates
• Epoxy
• Methacrylate
• Polyurethane
• Others
On the basis of region:
• North America
• Europe
• Asia-Pacific
• RoW
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 REGIONAL SCOPE 15
1.3.2 MARKETS COVERED 16
1.3.3 YEARS CONSIDERED IN THE REPORT 16
1.4 CURRENCY AND PRICING 16
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.2 SECONDARY DATA 19
2.2.1.1 Data from Secondary Sources 20
2.2.2 PRIMARY DATA 21
2.2.2.1 Data from Primary Sources 21
2.2.2.2 Key Industry Insights 22
2.2.2.3 Breakdown of Primaries 22
2.3 MARKET SIZE ESTIMATION 23
2.3.1 BOTTOM-UP APPROACH 23
2.3.2 TOP-DOWN APPROACH 24
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 26
2.5.1 ASSUMPTIONS 26
2.5.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN STRUCTURAL ADHESIVES MARKET 31
4.2 STRUCTURAL ADHESIVES MARKET, BY APPLICATION, 2013 TO 2020 32
4.3 STRUCTURAL ADHESIVES MARKET IN ASIA-PACIFIC, 2014 33
4.4 STRUCTURAL ADHESIVES MARKET GROWTH, BY REGION, 2015 – 2020 34
4.5 STRUCTURAL ADHESIVES MARKET, BY TYPE, 2014 35
4.6 STRUCTURAL ADHESIVES MARKET, BY APPLICATION, 2014 35
4.7 STRUCTURAL ADHESIVES MARKET SHARE (VALUE), BY TYPE, 2020 36
4.8 STRUCTURAL ADHESIVES MARKET, DEVELOPED & DEVELOPING NATIONS, 2015 VS. 2020 36
4.9 STRUCTURAL ADHESIVES MARKET: GROWING DEMAND FROM ASIA–PACIFIC IS DRIVING THE GROWTH, BY 2020 37
4.10 LIFE CYCLE ANALYSIS, BY REGION 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 CRITERIA OF SELECTION OF ADHESIVES 40
5.3 MAJOR TYPES OF ADHESIVES USED FOR STRUCTURAL APPLICATIONS 41
5.4 ADVANTAGES AND LIMITATIONS OF STRUCTURAL ADHESIVES 42
5.5 MARKET DYNAMICS 43
5.5.1 DRIVERS 43
5.5.1.1 Increasing Penetration of Composites 44
5.5.1.2 Rising Demand from Developing Countries 44
5.5.1.3 Increasing Demand from Automotive, Construction, Aerospace, and Wind Industry 44
5.5.1.4 Structural Adhesive Bonding Leads to Revolutionary Advances for Weight Reduction, Safety, and Ease of Application 45
5.5.2 RESTRAINTS 46
5.5.2.1 Volatility in Raw Material Prices 46
5.5.2.2 Unstable Economic Cycles 46
5.5.3 OPPORTUNITIES 47
5.5.3.1 Increasing Demand for Non-hazardous, Green, and Sustainable Structural Adhesives 47
5.5.3.2 Increasing Demand for Lightweight & Low Carbon Emitting Vehicles and Aircrafts 47
5.5.3.3 Economic Growth and Rising Government Expenditure on Infrastructure Development 48
5.5.4 CHALLENGES: 49
5.5.4.1 Established Transportation and Infrastructure Sector in Developed Countries 49
5.5.4.2 Shifting Rules and Changing Standards 49
5.5.4.3 Stringent and Lengthy Practices for Raw Materials Certifications 49
6 INDUSTRY TRENDS 51
6.1 VALUE CHAIN ANALYSIS 51
6.2 PRICING AND COST ANALYSIS 53
6.3 PORTER’S FIVE FORCES ANALYSIS 54
6.3.1 THREAT OF NEW ENTRANTS 55
6.3.2 THREAT OF SUBSTITUTES 55
6.3.3 BARGAINING POWER OF BUYERS 56
6.3.4 BARGAINING POWER OF SUPPLIERS 56
6.3.5 DEGREE OF COMPETITION 57
7 STRUCTURAL ADHESIVES MARKET, BY TYPE 58
7.1 INTRODUCTION 59
7.2 METHACRYLATE 60
7.3 ACRYLIC 62
7.4 POLYURETHANE 64
7.4.1 REACTIVE ADHESIVES 64
7.4.1.1 One component Adhesives 64
7.4.1.2 Two component Adhesives 64
7.5 CYANOACRYLATE 66
7.6 EPOXY 67
7.7 OTHERS 69
8 STRUCTURAL ADHESIVES MARKET, BY APPLICATION 71
8.1 INTRODUCTION 72
8.2 AEROSPACE APPLICATION 74
8.2.1.1 Aerospace Original Equipment Manufacturers (OEM) 74
8.3 BUILDING & CONSTRUCTION APPLICATION 77
8.4 BUS & TRUCK APPLICATION 78
8.5 AUTOMOTIVE APPLICATION 80
8.6 MARINE APPLICATION 82
8.7 RAIL APPLICATION 83
8.8 WIND APPLICATION 85
9 STRUCTURAL ADHESIVES MARKET, BY REGION 87
9.1 INTRODUCTION 88
9.2 ASIAPACIFIC 92
9.2.1 CHINA 98
9.2.2 JAPAN 99
9.2.3 INDIA 100
9.2.4 SOUTH KOREA 101
9.2.5 OTHERS 101
9.3 NORTH AMERICA 102
9.3.1 U.S. 106
9.3.2 CANADA 107
9.3.3 MEXICO 108
9.4 WESTERN EUROPE 109
9.4.1 GERMANY 113
9.4.2 FRANCE 114
9.4.3 ITALY 114
9.4.4 U.K. 115
9.4.5 OTHERS 116
9.5 ROW 117
9.5.1 BRAZIL 119
9.5.2 RUSSIA 120
9.5.3 MIDDLE EAST 121
9.5.4 OTHERS 121
10 COMPETITIVE LANDSCAPE 123
10.1 OVERVIEW 123
10.2 COMPETITIVE SITUATION AND TRENDS 124
10.3 NEW PRODUCT LAUNCHES 127
10.4 MERGERS & ACQUISITIONS 128
10.5 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS & JOINT VENTURES 129
10.6 EXPANSION 129
11 COMPANY PROFILES 130
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 HENKEL AG & CO. KGAA 132
11.2 ASHLAND INC. 137
11.3 SIKA A.G. 140
11.4 ARKEMA S.A. 143
11.5 3M COMPANY 146
11.6 THE DOW CHEMICAL COMPANY 149
11.7 LORD CORPORATION 152
11.8 HUBEI HUITIAN ADHESIVE ENTERPRISE CO., LTD 156
11.9 ILLINOIS TOOL WORKS INCORPORATION 159
11.10 SCOTT BADER COMPANY LTD 162
*Details might not be captured in case of unlisted companies.
12 APPENDIX 166
12.1 INSIGHTS OF INDUSTRY EXPERTS 166
12.2 DISCUSSION GUIDE 167
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 170
12.4 AVAILABLE CUSTOMIZATIONS 171
12.5 RELATED REPORTS 172
“
“LIST OF TABLES
TABLE 1 STRUCTURAL ADHESIVES MARKET SIZE, BY TYPE, 2013-2020 (KILOTONS) 59
TABLE 2 STRUCTURAL ADHESIVES MARKET SIZE, BY TYPE, 2013-2020 ($MILLION) 60
TABLE 3 METHACRYLATE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 (KILOTONS) 61
TABLE 4 METHACRYLATE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 ($MILLION) 61
TABLE 5 ACRYLIC MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION,
2013-2020 (KILOTONS) 63
TABLE 6 ACRYLIC MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION,
2013-2020 ($MILLION) 63
TABLE 7 POLYURETHANE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 (KILOTONS) 65
TABLE 8 POLYURETHANE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 ($MILLION) 65
TABLE 9 CYANOACRYLATE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 (KILOTONS) 66
TABLE 10 CYANOACRYLATE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 ($MILLION) 66
TABLE 11 EPOXY ADHESIVE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 (KILOTONS) 67
TABLE 12 EPOXY ADHESIVE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET, BY REGION, 2013-2020 ($MILLION) 68
TABLE 13 OTHERS ADHESIVE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET,
BY REGION, 2013-2020 (KILOTONS) 69
TABLE 14 OTHERS ADHESIVE MARKET SIZE IN STRUCTURAL ADHESIVES MARKET,
BY REGION, 2013-2020 ($MILLION) 70
TABLE 15 GLOBAL STRUCTURAL ADHESIVE MARKET SIZE, BY APPLICATION,
2013-2020 (KILO TONS) 72
TABLE 16 GLOBAL STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 ($MILLION) 73
TABLE 17 STRUCTURAL ADHESIVES MARKET IN AEROSPACE INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 75
TABLE 18 STRUCTURAL ADHESIVES MARKET IN AEROSPACE INDUSTRY, BY REGION,
2013-2020 ($MILLION) 76
TABLE 19 STRUCTURAL ADHESIVES MARKET IN BUILDING & CONSTRUCTION INDUSTRY,
BY REGION, 2013-2020 (KILOTONS) 77
TABLE 20 STRUCTURAL ADHESIVES MARKET IN BUILDING & CONSTRUCTION INDUSTRY,
BY REGION, 2013-2020 ($MILLION) 77
TABLE 21 STRUCTURAL ADHESIVES MARKET IN BUS & TRUCK INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 79
TABLE 22 STRUCTURAL ADHESIVES MARKET IN BUS & TRUCK INDUSTRY, BY REGION,
2013-2020 ($MILLION) 79
TABLE 23 STRUCTURAL ADHESIVES MARKET IN AUTOMOTIVE INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 80
TABLE 24 STRUCTURAL ADHESIVE MARKET IN AUTOMOTIVE INDUSTRY, BY REGION,
2013-2020 ($MILLION) 81
TABLE 25 STRUCTURAL ADHESIVES MARKET IN MARINE INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 82
TABLE 26 STRUCTURAL ADHESIVES MARKET IN MARINE INDUSTRY, BY REGION,
2013-2020 ($MILLION) 82
TABLE 27 STRUCTURAL ADHESIVES MARKET IN RAIL INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 84
TABLE 28 STRUCTURAL ADHESIVES MARKET IN RAIL INDUSTRY, BY REGION,
2013-2020 ($MILLION) 84
TABLE 29 STRUCTURAL ADHESIVES MARKET IN WIND INDUSTRY, BY REGION,
2013-2020 (KILOTONS) 85
TABLE 30 STRUCTURAL ADHESIVES MARKET IN WIND INDUSTRY, BY REGION,
2013-2020 ($MILLION) 86
TABLE 31 GLOBAL STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 91
TABLE 32 GLOBAL STRUCTURAL ADHESIVES MARKET SIZE, BY REGION,
2013-2020 (KILOTONS) 91
TABLE 33 GLOBAL STRUCTURAL ADHESIVES MARKET SIZE, BY REGION,
2013-2020 ($MILLION) 92
TABLE 34 ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 94
TABLE 35 ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET SIZE, BY TYPE,
2013-2020 (KILOTONS) 95
TABLE 36 ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET SIZE, BY TYPE,
2013-2020 (KILOTONS) 95
TABLE 37 ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 (KILOTONS) 96
TABLE 38 ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 ($MILLION) 97
TABLE 39 CHINA STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 98
TABLE 40 JAPAN STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 99
TABLE 41 INDIA STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 100
TABLE 42 SOUTH KOREA: ADHESIVES & SEALANTS MARKET SIZE, 2013-2020 101
TABLE 43 OTHERS STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 101
TABLE 44 NORTH AMERICA STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 102
TABLE 45 NORTH AMERICA STRUCTURAL ADHESIVES MARKET SIZE, BY RESIN TYPE,
2013-2020 (KILOTONS) 103
TABLE 46 NORTH AMERICA STRUCTURAL ADHESIVES MARKET SIZE, BY RESIN TYPE,
2013-2020 ($MILLION) 104
TABLE 47 NORTH AMERICA STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 (KILOTONS) 105
TABLE 48 NORTH AMERICA STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 ($MILLION) 105
TABLE 49 U.S. STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 106
TABLE 50 CANADA STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 107
TABLE 51 MEXICO STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 108
TABLE 52 WESTERN EUROPE STRUCTURAL ADHESIVES MARKET, 2013-2020 109
TABLE 53 WESTERN EUROPE STRUCTURAL ADHESIVES MARKET SIZE, BY RESIN TYPE, 2013-2020 (KILOTONS) 110
TABLE 54 WESTERN EUROPE STRUCTURAL ADHESIVE MARKET SIZE, BY RESIN TYPE,
2013-2020 (KILOTONS) 110
TABLE 55 WESTERN EUROPE STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION) 111
TABLE 56 WESTERN EUROPE STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION) 112
TABLE 57 GERMANY STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 113
TABLE 58 FRANCE STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 114
TABLE 59 ITALY STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 114
TABLE 60 U.K. STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 115
TABLE 61 OTHERS STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 116
TABLE 62 ROW STRUCTURAL ADHESIVES MARKET, 2013-2020 117
TABLE 63 ROW STRUCTURAL ADHESIVES MARKET SIZE, BY RESIN TYPE,
2013-2020 (KILOTONS) 117
TABLE 64 ROW STRUCTURAL ADHESIVES MARKET SIZE, BY RESIN TYPE,
2013-2020 ($MILLION) 118
TABLE 65 ROW STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 (KILOTONS) 118
TABLE 66 ROW STRUCTURAL ADHESIVES MARKET SIZE, BY APPLICATION,
2013-2020 ($MILLION) 119
TABLE 67 BRAZIL STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 119
TABLE 68 RUSSIA STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 120
TABLE 69 MIDDLE EAST: ADHESIVES & SEALANTS MARKET SIZE, 2013-2020 121
TABLE 70 OTHERS STRUCTURAL ADHESIVES MARKET SIZE, 2013-2020 122
TABLE 71 NEW PRODUCT LAUNCHES, 2010–2014 127
TABLE 72 MERGERS AND ACQUISITIONS, 2010–2014 128
TABLE 73 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES,
2010–2014 129
TABLE 74 EXPANSION, 2010–2014 129
“
“LIST OF FIGURES
FIGURE 1 STRUCTURAL ADHESIVES MARKET SEGMENTATION 16
FIGURE 2 RESEARCH DESIGN 18
FIGURE 3 BOTTOM-UP APPROACH 23
FIGURE 4 TOP-DOWN APPROACH 24
FIGURE 5 DATA TRIANGULATION 25
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 26
FIGURE 7 LIMITATIONS OF THE RESEARCH STUDY 26
FIGURE 8 STRUCTURAL ADHESIVES MARKET OVERVIEW 2015 VS. 2020 28
FIGURE 9 STRUCTURAL ADHESIVE MARKET FOR AEROSPACE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 28
FIGURE 10 EPOXY, POLYURETHANE, AND METHYLACRYLATES SEGMENTS TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD 29
FIGURE 11 ASIA-PACIFIC ACCOUNTED FOR THE LARGEST SHARE IN THE STRUCTURAL ADHESIVES MARKET IN 2014 30
FIGURE 12 STRUCTURAL ADHESIVES MARKET TO GROW AT A CAGR OF 7.71% BETWEEN
2015 AND 2020 31
FIGURE 13 AEROSPACE IS THE FASTEST-GROWING APPLICATION OF STRUCTURAL ADHESIVES, 2013 TO 2020 32
FIGURE 14 BUS & TRUCK APPLICATION SEGMENT ACCOUNTS FOR THE LARGEST SHARE IN THE EMERGING ASIA-PACIFIC MARKET, 2014 33
FIGURE 15 ASIA-PACIFIC IS PROJECTED TO REGISTER THE HIGHEST GROWTH RATE IN THE STRUCTURAL ADHESIVES MARKET TILL 2020 34
FIGURE 16 EPOXY SEGMENT ACCOUNTS FOR THE LARGEST SHARE IN STRUCTURAL ADHESIVES MARKET AMONG TYPES (2014) 35
FIGURE 17 BUS & TRUCK SEGMENT ACCOUNTED FOR THE LARGEST SHARE IN ASIA-PACIFIC STRUCTURAL ADHESIVES MARKET AMONG ALL APPLICATIONS 35
FIGURE 18 EPOXY AND POLYURETHANE ADHESIVES SEGMENTS DOMINATE THE STRUCTURAL ADHESIVES MARKET AMONG TYPES 36
FIGURE 19 DEVELOPING MARKETS TO GROW FASTER AS COMPARED TO DEVELOPED MARKETS 36
FIGURE 20 MODERATE-TO-HIGH GROWTH RATE TILL 2020 37
FIGURE 21 ASIA-PACIFIC MARKET TO GROW WITH HIGHEST GROWTH RATE 38
FIGURE 22 LOAD BEARING CAPABILITY OF SOME ADHESIVES 41
FIGURE 23 TYPES OF STRUCTURAL ADHESIVES & THEIR USES 41
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR THE STRUCTURAL ADHESIVES MARKET 43
FIGURE 25 VOLATILE RAW MATERIALS ARE RESTRAINING THE GROWTH OF STRUCTURAL ADHESIVES MARKET 47
FIGURE 26 TOP 10 ECONOMIES BY GDP IN PPP TERMS, 2010 & 2020 48
FIGURE 27 HIGH GROWTH FOR LOW VOC & GREEN PRODUCTS IS PAVING NEW GROWTH AVENUES FOR THE MARKET PLAYERS 49
FIGURE 28 ESTABLISHED INFRASTRUCTURE IN DEVELOPED COUNTRIES IS A MAJOR CHALLENGE FOR THE GROWTH OF STRUCTURAL ADHESIVES MARKET 50
FIGURE 29 VALUE CHAIN ANALYSIS 51
FIGURE 30 COST ADDITION IN DIFFERENT STAGES OF SUPPLY CHAIN OF STRUCTURAL ADHESIVES 52
FIGURE 31 VALUE CHAIN ANALYSIS: COST POINTS IN DIFFERENT STEPS 53
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS 54
FIGURE 33 EPOXY ADHESIVE SEGMENT DOMINATES THE STRUCTURAL ADHESIVES MARKET, BY TYPE, 2014 VS. 2020 ($MILLION) 59
FIGURE 34 THE AEROSPACE AND WIND SEGMENT WILL GROW HIGHEST IN THE STRUCTURAL ADHESIVE MARKET, BY APPLICATION, 2015 VS. 2020 ($MILLION) 72
FIGURE 35 REGIONAL SNAPSHOT (2014)—INDIA, BRAZIL, AND CHINA ARE EMERGING AS NEW HOT SPOTS 88
FIGURE 36 ASIA-PACIFIC—ATTRACTIVE DESTINATION FOR ALL STRUCTURAL ADHESIVE APPLICATIONS 89
FIGURE 37 FUTURE GROWTH FOR STRUCTURAL ADHESIVES IS PROJECTED IN ASIA-PACIFIC 90
FIGURE 38 ASIA-PACIFIC MARKET SNAPSHOT—DEMAND WILL BE DRIVEN BY RISING POPULATION AND INCREASE IN PURCHASING PARITY 93
FIGURE 39 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY (2010-2015) 123
FIGURE 40 GROWTH STRATEGIES OF MAJOR COMPANIES, 2010–2014 124
FIGURE 41 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCHES AND ACQUISITION HAVE FUELED GROWTH & INNOVATION BETWEEN 2010 AND 2015 125
FIGURE 42 BATTLE FOR MARKET SHARE: NEW PRODUCT DEVELOPMENT WAS THE KEY STRATEGY (2010-2015) 126
FIGURE 43 GEOGRAPHICAL REVENUE MIX OF TOP FIVE MARKET PLAYERS 130
FIGURE 44 COMPETITIVE BENCHMARKING OF KEY MARKET PLAYERS (2010–2014): 3M COMPANY AG EMERGED AS ELEPHANTS, DUE TO ITS DIVERSIFIED PORTFOLIO AND INNOVATIVE PRODUCTS 131
FIGURE 45 HENKEL: COMPANY SNAPSHOT 132
FIGURE 46 HENKEL: SWOT ANALYSIS 136
FIGURE 47 ASHLAND INC.: COMPANY SNAPSHOT 137
FIGURE 48 ASHLAND: SWOT ANALYSIS 139
FIGURE 49 SIKA A.G.: COMPANY SNAPSHOT 140
FIGURE 50 SIKA A.G. AG: SWOT ANALYSIS 142
FIGURE 51 ARKEMA S.A.: COMPANY SNAPSHOT 143
FIGURE 52 ARKEMA S.A.: SWOT ANALYSIS 145
FIGURE 53 3M COMPANY: COMPANY SNAPSHOT 146
FIGURE 54 3M COMPANY: SWOT ANALYSIS 148
FIGURE 55 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT 149
FIGURE 56 THE DOW CHEMICAL COMPANY: SWOT ANALYSIS 151
FIGURE 57 LORD CORPORATION: COMPANY SNAPSHOT 152
FIGURE 58 LORD CORPORATION: SWOT ANALYSIS 155
FIGURE 59 HUBEI HUITIAN ADHESIVE ENTERPRISE CO., LTD: COMPANY SNAPSHOT 156
FIGURE 60 HUBEI HUITIAN ADHESIVE ENTERPRISE CO., LTD: SWOT ANALYSIS 158
FIGURE 61 ILLINOIS TOOL WORKS INCORPORATION: COMPANY SNAPSHOT 159
FIGURE 62 ITW INCORPORATION: SWOT ANALYSIS 161
FIGURE 63 SCOTT BADER COMPANY LTD: COMPANY SNAPSHOT 162
FIGURE 64 SCOTT BADER: SWOT ANALYSIS 165
“
