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Structural Adhesives Market Trends | Segmentation, Outlook, Industry Report to 2033

The structural adhesives market is expected to be worth US$ 12.3 billion in 2023, rising to US$ 21.3 billion by 2033. During the forecast period, structural adhesive sales are expected to grow at a significant CAGR of 5.6%.

The growing adoption of structural adhesives in the automotive sector for various end-use applications, as well as technological advancements in the production of adhesive products, is a major factor driving the growth of the global structural adhesives market.

Furthermore, rising demand for structural adhesives in the construction sector for applications such as kitchen interiors, roofing, window panels, and wall coverings is propelling the global structural adhesives market forward. Rising government infrastructure and redevelopment projects, particularly in emerging economies, are expected to drive growth in the global structural adhesives market during the forecast period.

The global market for structural adhesives is growing, but it is being constrained by strict regulations put in place by regulatory agencies to prevent harmful environmental consequences from structural adhesives.

For companies in the global structural adhesives market, increasing research and development efforts for the creation of safe, environmentally friendly structural adhesives with little to no environmental impact can open up profitable opportunities.

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Competitive Landscape

The presence of a sizable number of local and international companies across geographies is what distinguishes the fragmented global structural adhesive market. Important participants include 3M, Sika, Henkel, H.B. Fuller, and Arkema (Bostik).

The majority of major players are attempting to grow their businesses through lucrative alliances, acquisitions of small or mid-sized active vendors, or the acquisition of a specific adhesive sector to increase their footprint across the globe.

Arkema completed the acquisition of Ashland's Performance Adhesives division in February 2022. Structural adhesives are among the products available under this division. The acquisition was worth USD 1.65 billion. The acquisition supported Arkema's strategy to become a pure speciality material provider by 2024 and strengthened the company's Adhesive Solutions division.
DuPont said in May 2021 that it will increase the output of its high-performance automobile adhesives at its manufacturing facilities in Germany and Switzerland by investing USD 5 million in capital and operating resources. This facility is planned to advance the production of the company's goods, including BETAFORCE TC, BETATECH, BETAMETA, and BETASEAL.

Key Segments in the Structural Adhesives Market

Structural Adhesives Market by Product Type:

Epoxy-based Structural Adhesives
One Component
Two Component
Acrylic-based Structural Adhesives
Polyurethane-based Structural Adhesives
Cyanoacrylates
Others


Structural Adhesives Market by Application:

Structural Adhesives for Transportation Sector
Structural Adhesives for Automotive Sector
Structural Adhesives for Aerospace Sector
Structural Adhesives for Marine Sector
Structural Adhesives for Building & Construction Sector
Structural Adhesives for Energy Sector
Others

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Cooling Water Treatment Chemicals Market - Key Players & Growth Strategies Adopted by Them

During the forecast period 2023-2033, the cooling water treatment chemicals market is expected to grow at a value of 6% CAGR, according to Future Market Insights. By the year 2033, the global market for cooling water treatment chemicals is expected to rise up to a market valuation of US$ 12,614 Million. Increasing demand from the power industry and the food and beverage industry is a major driving factor for the market.

The food & beverages, oil & gas, power, and textile industries are among the major end users of cooling water treatment chemicals. Cooling water treatment chemicals are the chemical agents that help remove harmful bacteria from cooling systems.

It is mainly used to protect the systems from corrosion, prevent and slow down the processes of scale formation and fouling, and control the growth of harmful bacteria. Cooling water treatment chemicals can contribute to the greater efficiency and safety of high-pressure boilers, turbines, and cooling towers.

Corrosion inhibitors are the majorly used water treatment chemicals in the cooling water treatment industry. The use of corrosion inhibitors in cooling water systems improves efficiency of the system, thus facilitating maximum heat transfer, improving process throughput, and reducing the downtime for cleaning, helping the system to run for a longer time. 

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Key Takeaways from the Market Study

The global cooling water treatment chemicals market is expected to grow with a 6% CAGR during 2023-2033.
By end use, the food and beverage industry is expected to possess 30% market share for cooling water treatment chemicals market.
North America water treatment chemicals market is expected to grow by 4.5% annually in the forecast period and reach U$ 17 Billion by 2033,
Asia Pacific is expected to hold 45% market share for cooling water treatment chemicals in 2023.


Key Segments Profiled in the Cooling Water Treatment Chemicals Market Survey

Type:

Scale Inhibitors
Corrosion Inhibitors
Biocide
Other Types

End Use:

Power
Steel, Mining, & Metallurgy
Petrochemicals, Oil & Gas
Food & Beverages
Textile
Others

Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Competitive Landscape

Key players in the cooling water treatment chemicals market are Accepta, Albemarle Corporation, Buckman, Chemtex Speciality Limited, ChemTreat Inc., DuBios Chemicals, Ecolab, Veolia Water Technologies, Kemira Oyj and Kurita Water Industries Ltd

Albemarle Corporation, a key company specializing in chemical production has undertaken research to understand the changing nature of end user industries and is manufacturing chemicals to treat water.
DuBios Chemicals, another key player in the cooling water treatment chemicals market is focusing on providing cost efficient and sustainable solutions with its customized equipment that will serve different end user industries.

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Flue Gas Desulfurization System Market - Major Revenue Gain is Predicted by 2032

The world flue gas desulfurization systems market is expected to bring in US$ 34,881.3 million by 2032 while expanding at a CAGR of 5.1%. The market is expected to be worth US$ 21,172.5 million in 2022. between 2016 and 2021, the market recorded a growth rate of 4.10%.

Future technologies to reduce pollutant emissions will be crucial to meet the electricity demand and dependency reduce . on fossil fuels. In recent years, REA systems and services have experienced significant growth worldwide and this trend is expected to continue in the years to come.

International awareness of environmental concerns has been increasing in recent years resulted in the stringent environmental regulations regarding sulfur dioxide (SO2) emission in the many countries. Flue Gas Desulfurization System (FGDS) is a set of technologies which works to remove sulfur dioxide (SO2) from exhausted gases from the emission of the sulfur dioxide emitting processes.

Flue Gas Desulfurization System Market – Key Players

Some of the key players in the FGDS market are as follows:

Babcock & Wilcox Enterprises, Inc.
Marsulex Environmental Technologies
FLSmidth & Co. A/S
Thermax Limited
Siemens AG
Clyde Bergemann Power Group
Burns & Mcdonnell
Alstom SA
Mitsubishi Electric Corporation, Ltd.
Hamon Corporation

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Flue Gas Desulfurization System Market – Drivers and Restraints

The global FGDS market is expected to show a rapid market growth over the forecast period. The sulfur dioxide is responsible for the acid rain formation, the stringent government regulations to protect the environment have been implemented in many countries to limit and control the emission of the flue gas which is the major factor driving the global FGDS market.

Flue Gas Desulfurization System Market – Segmentation

On the basis of type, theglobal FGDS market is segmented as follows:

Wet flue gas desulfurizer
Dry flue gas desulfurizer
Semi dry desulfurizer

On the basis of applications, theglobal FGDS market is segmented as follows:

Power generation
Chemical
Iron and steel
Cement manufacturing
Others

Flue Gas Desulfurization System Market – Region Wise Outlook

The global FGDS market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The North America region has contributed the leading share to the global FDGS market in terms of revenue due to higher demand of the FGDS from the power generation industry and chemical, iron industry. The Western Europe has also contributed the significant shares to the global FGDS market followed by North America.

APEJ region is the most lucrative market, followed by the Eastern Europe and expected to register the descent growth to the global FGDS market due to the rising industrialization, manufacturing and processing units of the industries such as power generation, coal, steel and cement.

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