The population across the globe has been rising at a rapid pace since the past few years. This growing population is creating the need for building infrastructure. Moreover, the migration rate from rural to urban areas is growing as well, as more and more people are coming to cities in search of jobs and for having a better standard of living. Therefore, in order to accommodate this growing population, the need for improving existing infrastructure and building new facilities is growing.

As structural adhesives are used widely in the infrastructure, their demand is growing as well. In fact, these adhesives are among one of the major composite materials that are utilized for bonding several surfaces and for repairing a number of infrastructural applications such as roads, railways, bridges. This is can be ascribed to the fact that structural adhesives have high strength and are resistive to chemicals, temperature, and weather.

Owing to such factors, the global structural adhesives market is projected to grow at a significant pace in the years to come. The demand for these products is also growing due to the shift from conventional fasteners. The demand for high structural integrity when it comes to vehicles, airplanes, ships, and automobiles is rising, along with the need to make them light in weight. Since structural adhesives provide the needed strength while also decreasing the weight of the vehicles, they are widely being used in the automotive and aerospace industries.

According to a research by P&S Intelligence, the structural adhesives market is expected to attain a value of $15,683.0 million by 2024, increasing from $11,677.9 million in 2018, and is predicted to witness a 5.2% CAGR during the forecast period (2019–2024). In terms of type, the market is categorized into cyanoacrylate, acrylic, epoxy, and polyurethane, out of which, the acrylic division accounted for the largest share of the market in the past. These adhesives have high peel and shear strength, allowing them to form bonds with plastics and metals.

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