Global Structural Adhesives Market size was valued at USD 17.29 Bn. in 2023 and the total structural adhesives revenue is expected to grow at a CAGR of 6.5% from 2024 to 2030, reaching nearly USD 26.87 Bn.
Structural Adhesives Market Overview
Structural adhesives are essential components in engineering applications across various industries, known for their ability to form strong, durable bonds that can withstand significant pressure, vibration, and harsh environmental conditions. These adhesives are crucial in maintaining the integrity of bonded structures over time.
The market for structural adhesives is witnessing substantial growth, driven by advancements in sectors such as aerospace, construction, automotive, and consumer electronics. The aerospace industry, in particular, is a key driver due to its increasing demand for lightweight and durable adhesives that enhance fuel efficiency and maintain structural integrity. Water-based adhesives represent a major segment of the market, favored for their eco-friendly properties, low VOC emissions, and safety benefits. This segment held a significant share of the market in 2023, with the construction industry also playing a crucial role by utilizing these adhesives for bonding various materials and components.
Structural Adhesives Market Report Scope and Research Methodology
The report analyzes the strategies of the top players in the Structural Adhesives industry. It gives insight into different market segments and regions. Market dynamics like drivers, restraints, opportunities, and challenges are analyzed both regionally and by segment. The Structural Adhesives Market report uses a bottom-up approach to estimate the market size globally and regionally. SWOT and descriptive analyses provide key information. The study aims to deliver important insights on the Structural Adhesives Market. Data is collected using qualitative and quantitative methods to track market trends. The future market outlook is evaluated considering R&D projects, innovative practices, and market consolidations.
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Market Dynamics
Expansion in the Aerospace Industry:
The rapid growth of the aerospace industry is a significant factor propelling the structural adhesives market forward. These adhesives offer critical benefits such as lightweight construction, which is essential for improving aircraft fuel efficiency and meeting the industry's increasing demands for reduced emissions. Structural adhesives provide strong bond strength and durability, crucial for maintaining the integrity of advanced composite materials widely used in modern aircraft.
Furthermore, as aircraft manufacturers aim to optimize production processes and reduce assembly times, structural adhesives present a significant advantage over traditional mechanical fastening methods. They allow for more efficient and automated manufacturing techniques. This alignment between the aerospace industry's expansion and the adoption of advanced structural adhesives underscores their vital role in driving innovation and meeting evolving industry standards.
Structural Adhesives Market Segmentation
By Resin Type:
The structural adhesives market is categorized by resin types, including Epoxy, Polyurethane, Acrylic, Cyanoacrylate, and others. In 2023, the epoxy segment emerged as the largest revenue contributor and is expected to continue growing during the forecast period. Epoxy-based structural adhesives are highly versatile, offering excellent adhesion to various substrates and superior shear strength, making them ideal for permanent bonding applications.
By Technology:
The market is also segmented based on technology into Water-based, Solvent-based, Reactive, and others. The water-based segment held the largest market share in 2023, primarily due to its strong adhesion properties, wet adhesion capabilities, better performance on painted metal surfaces, short drying time, and low flammability. These characteristics make water-based adhesives suitable for numerous end-use applications. Additionally, they offer significant safety advantages, including low odor and reduced toxicity, making them a preferred choice for interior and consumer applications.
In 2023, the water-based segment accounted for a substantial portion of the structural adhesives market. This dominance is attributed to the adhesives' eco-friendly nature, lower VOC emissions, and safety benefits, such as minimal odor and reduced toxicity. Ongoing advancements in water-based formulations have significantly enhanced their performance, making them comparable in strength and durability to solvent-based alternatives. The increasing emphasis on sustainable and environmentally friendly manufacturing processes is further driving the adoption of water-based structural adhesives across various industries.
By End-User Industry:
The structural adhesives market is segmented by end-user industry into Construction, Aerospace, Wind Energy, and Automotive. In 2023, the Construction segment dominated the market, capturing a significant market share, and is expected to maintain its leadership through the forecast period (2024-2030). This dominance is driven by the rising global construction activity, fueled by rapid urbanization and industrial development.
Structural adhesives are extensively used in the construction industry to bond various materials, including metal, concrete, and wood. They are also employed for fixing concrete to concrete, bonding concrete to ceramic tiles, and joining exterior doors, building panels, metal parts, and structural glass. Common adhesives in the construction sector include acrylic adhesives, resin adhesives, anaerobic adhesives, and hot melt adhesives.
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Structural Adhesives Market Key Players
Henkel AG & Co KGaA
HB Fuller Company
DuPont
3M
Sika AG
Huntsman Corporation
Dow
Lord Corporation
Franklin International, Inc.
Scott Bader Co.
Arkema S.A.
Ashland Inc.
Ried B.V. Co.
Adhesive Enterprise Co.
Key questions answered in the Structural Adhesives Market are:
What is Structural Adhesives?
What was the Structural Adhesives market size in 2023?
What is the growth rate of the Structural Adhesives Market?
Which are the factors expected to drive the Structural Adhesives market growth?
What are the different segments of the Structural Adhesives Market?
What growth strategies are the players considering to increase their presence in Structural Adhesives?
What are the upcoming industry applications and trends for the Structural Adhesives Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Structural Adhesives Market?
What segments are covered in the Structural Adhesives Market?
Who are the leading companies and what are their portfolios in Structural Adhesives Market?
What segments are covered in the Structural Adhesives Market?
Who are the key players in the Structural Adhesives market?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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