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Structural adhesives are used to produce a load-bearing joint. It is used for engineering and industrial applications to affix the product that may undergo vibration, shock, or chemical exposure. Structural adhesives used in automobiles are known for providing better adhesion between distinct substrates such as steel and plastics.
According to Researcher, the global Structural Adhesives market is expected to witness a substantial growth rate during the forecast period with a CAGR of 5%. One of the major factors driving the market studied is the surging demand from the construction and automotive sectors. Growing infrastructure demands in developing and developed economies are also a significant contributor to the industry's growth. However, growing environmental and health concerns are a hindrance to the growth of this industry.
Asia-Pacific region is projected to dominate the Global Structural Adhesives market. High population, economic growth, and increased industrial output in India, China, and Southeast Asia are essential growth factors for this market. The primary demand for structural adhesive in the Asia Pacific from automotive, infrastructure, marine, and truck and bus application sectors. Surging waterproofing and sealing of joints in construction industries further drive demand for the structural adhesives market.
In terms of segmentation by Resin-type Epoxy-based adhesives are witnessing high traction in structural bonding applications and are expected to hold a significant revenue share in the global market for structural adhesives, following polyurethane. Epoxy-based structural adhesive provides good environmental and thermal resistance, maintains high cohesive bond strength and toughness. It is used in aerospace, buses & trucks to bond various substrates like ceramics, metal, wood, concrete, composites, and rubber.
In terms of segmentation by the End-user Industry, the construction sector is expected to dominate the market due to the prominent use of advanced adhesive technologies. In the construction sector, structural adhesives provide durability to materials, such as architectural membranes, caulks, wires and cables, roofs, etc. With the growing construction activities globally, structural adhesives' demand is projected to increase during the forecast period.
The Global Structural Adhesives market is partially fragmented. Major companies in the market were Henkel AG & Co., Sika AG, 3M, The Dow Chemical Company, and Arkema, among others.
Recently, Permabond launched two new modified epoxy-based adhesive products, MT382 and MT3821. These are useful for bonding various substrates, including nylon, polycarbonate, and various metals, in different End-User industries.
Also, H.B. Fuller opened its new "Automotive Competency Center" in Mannheim, Germany. This center expands H.B. Fuller's capability to develop and manufacture adhesive technologies for various automotive trim, structural, electronics, and electric vehicle and battery applications.
Global Structural Adhesives Market report provides deep insight into the Structural Adhesives market's current and future state across various regions. The study comprehensively analyzes the Structural Adhesives market by segmenting based on Resin-Type(Epoxy, Cyanoacrylate, Acrylic, Polyurethane and Other Resin types), End-user Industry (Automotive, Transportation, Aerospace, Construction, Wind and Marine Energy and Other End-user Industries), and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
According to Researcher, the global Structural Adhesives market is expected to witness a substantial growth rate during the forecast period with a CAGR of 5%. One of the major factors driving the market studied is the surging demand from the construction and automotive sectors. Growing infrastructure demands in developing and developed economies are also a significant contributor to the industry's growth. However, growing environmental and health concerns are a hindrance to the growth of this industry.
Asia-Pacific region is projected to dominate the Global Structural Adhesives market. High population, economic growth, and increased industrial output in India, China, and Southeast Asia are essential growth factors for this market. The primary demand for structural adhesive in the Asia Pacific from automotive, infrastructure, marine, and truck and bus application sectors. Surging waterproofing and sealing of joints in construction industries further drive demand for the structural adhesives market.
In terms of segmentation by Resin-type Epoxy-based adhesives are witnessing high traction in structural bonding applications and are expected to hold a significant revenue share in the global market for structural adhesives, following polyurethane. Epoxy-based structural adhesive provides good environmental and thermal resistance, maintains high cohesive bond strength and toughness. It is used in aerospace, buses & trucks to bond various substrates like ceramics, metal, wood, concrete, composites, and rubber.
In terms of segmentation by the End-user Industry, the construction sector is expected to dominate the market due to the prominent use of advanced adhesive technologies. In the construction sector, structural adhesives provide durability to materials, such as architectural membranes, caulks, wires and cables, roofs, etc. With the growing construction activities globally, structural adhesives' demand is projected to increase during the forecast period.
The Global Structural Adhesives market is partially fragmented. Major companies in the market were Henkel AG & Co., Sika AG, 3M, The Dow Chemical Company, and Arkema, among others.
Recently, Permabond launched two new modified epoxy-based adhesive products, MT382 and MT3821. These are useful for bonding various substrates, including nylon, polycarbonate, and various metals, in different End-User industries.
Also, H.B. Fuller opened its new "Automotive Competency Center" in Mannheim, Germany. This center expands H.B. Fuller's capability to develop and manufacture adhesive technologies for various automotive trim, structural, electronics, and electric vehicle and battery applications.
Global Structural Adhesives Market report provides deep insight into the Structural Adhesives market's current and future state across various regions. The study comprehensively analyzes the Structural Adhesives market by segmenting based on Resin-Type(Epoxy, Cyanoacrylate, Acrylic, Polyurethane and Other Resin types), End-user Industry (Automotive, Transportation, Aerospace, Construction, Wind and Marine Energy and Other End-user Industries), and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
