Structural Adhesives Market Expected to Reach US$ 27.59 Billion 2030, Growing at a CAGR of 6.2 %

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The structural adhesives market encompasses the production, distribution, and utilization of adhesive materials specifically designed to provide high strength and durable bonding for structural applications. These adhesives are commonly used in industries such as automotive, aerospace, construction, and transportation, where bonding strength and reliability are critical.Structural adhesives are formulated to bond a wide range of substrates, including metals, plastics, composites, and even dissimilar materials. They offer advantages over traditional joining methods like welding, riveting, and mechanical fastening, as they distribute stress more evenly across the bonded area, improve aesthetics, reduce weight, and enhance overall structural integrity.

The market for structural adhesives is driven by several factors. Firstly, the growing demand for lightweight and fuel-efficient vehicles in the automotive industry has led to an increased adoption of structural adhesives in place of traditional joining methods, contributing to market growth. Secondly, the construction industry utilizes structural adhesives for applications such as panel bonding, flooring, and window installation, owing to their high bonding strength and durability. Additionally, the aerospace and transportation sectors rely on structural adhesives for bonding critical components and structures, enhancing safety and performance.

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Key Market Insights from the report: 

The global structural adhesives market accounted for US$ 15.15 billion in 2020 and is projected to register a CAGR of 6.2 % over the forecast period. The market report has been segmented on the basis of resin, application, and region.

  • By resin, the satellitesegment is accounted for major revenue share in 2018, due to their excellent intrinsic properties such as resistance to chemicals, low shrinkage values, and low VOC release during curing.
  • By application, the secure digital segment is accounted for major revenue share in 2018, owing to increasing construction activities in all over the globe.
  • By region, Asia Pacific structural adhesives market accounted for major revenue share of the global structural adhesives market and is further anticipated to maintain its dominance over the forecast period. This is owing to growing automotive production in countries such as India and Japan, rising demand from electronic industry in China and South Korea and presence of major manufacturers operating in the Asia Pacific region. The markets in North America and Europe are expected to witness steady growth, owing in stringent government regulations related to use of structural adhesives, slow growth of industries post-recession, and increase in consumer spending, over the long run.

Key Highlights:

  • Growing Demand in Automotive Sector: The automotive industry is a major consumer of structural adhesives, driven by the need for light weighting, improved fuel efficiency, and enhanced crash performance. Structural adhesives enable the bonding of dissimilar materials, such as steel and aluminum, contributing to weight reduction and structural integrity.
  • Increasing Adoption in Construction Industry: Structural adhesives find extensive applications in the construction sector, including panel bonding, flooring, and window installation. The use of adhesives in construction offers benefits such as improved aesthetics, reduced vibration, and enhanced durability, leading to their growing adoption in both residential and commercial projects.
  • Expanding Aerospace and Defense Applications: The aerospace and defense industries rely on structural adhesives for bonding critical components and structures. Adhesives offer high strength and lightweight properties, enabling improved fuel efficiency, increased payload capacity, and better overall performance of aircraft and defense systems.
  • Advancements in Adhesive Technologies: Manufacturers are continuously investing in research and development to introduce innovative adhesive technologies. This includes the development of adhesive formulations with improved bonding strength, durability, and resistance to extreme temperatures, chemicals, and environmental conditions.

The prominent player operating in the global structural adhesives market includes:

  • 3M Company
  • Sika AG
  • Henkel AG & Co. KGaA
  • The Dow Chemical Company
  • B. Fuller Company
  • Scott Bader Co.
  • Uniseal, Inc.
  • Huntsman Corporation
  • Ashland Inc.
  • Lord Corporation.

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Regional Insights:

North America: The North American region has a significant presence in the structural adhesives market. The region is driven by the strong presence of the automotive, aerospace, and construction industries, which are major consumers of structural adhesives. The demand for lightweight vehicles, infrastructure development, and the focus on energy efficiency contribute to market growth in this region.

Europe: Europe is another prominent market for structural adhesives, fueled by the automotive, aerospace, and construction sectors. The region emphasizes sustainability and has stringent environmental regulations, driving the adoption of eco-friendly and low VOC adhesive solutions. The demand for lightweight materials in automotive and aircraft manufacturing further propels the market.

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Questions by Structural Adhesives Market:

  1. What are the key market trends and market dynamics?
  2. Who are the major players in the market and what is their market share?
  3. What is the competitive landscape like in the market?
  4. What are the major drivers and restraints affecting the market?
  5. What are the growth opportunities in the market?
  6. What are the regional and local market conditions and consumer behavior?
  7. What is the market size and growth forecast for different regions and countries?
  8. What is the impact of government regulations and policies on the market?

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