Market Trends of Reactive Adhesives Industry
This section covers the major market trends shaping the Reactive Adhesives Market according to our research experts:
Wind Turbines Industry to Witness the Highest Growth Rate
- The consumption of wind energy has been significantly increasing across the globe in the past few years.
- Wind energy offers many advantages over traditional energy sources which include: unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- The global installed wind power capacity has witnessed a significant growth in the recent years owing to the growing environmental consciousness across the globe.
- Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific accounts for the highest share of the reactive adhesives market currently owing to the high demand from countries like China and India.
- The total installed wind power capacity in China has increased at a healthy growth rate over the past few years owing to the increasing investment by the government in wind energy.
- Additionally, the construction industry of China has been witnessing a significant growth in the recent past.These are the major factors that are driving the demand for reactive adhesives in the country.
- In addition to China, India has also witnessed a major growth in its installed wind power capacity which is likely to boost the market studied in the country.
- Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to dominate the global reactive adhesives during the forecast period.
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