Global Structural Adhesive Market is expected to foresee significant growth. APAC to lead the growth!
- Vikas Kumar
- January 14, 2023
- CHEMICAL, NEWS
- Asia Structural Adhesive Market, Europe Structural Adhesive Market, Middle east Structural Adhesive Market, Structural Adhesive, Structural Adhesive Market, Structural Adhesive Market analysis, Structural Adhesive Market forecast, Structural Adhesive Market growth, Structural Adhesive Market share, Structural Adhesive Market size, Structural Adhesive Market trend, US Structural Adhesive Market
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Structural adhesives are substances that can solidify on the substrate and hold two surfaces that are similar or dissimilar together through surface contact. Although these adhesives are susceptible to stress, vibration, and temperature changes, they can endure forces for extended periods of time and still retain the bonded surfaces securely. In addition, these adhesives are used to join a variety of substrate materials, including ceramics, metal, wood, composites, and plastics. Also, materials such as methacrylates, polyurethane, cyanoacrylate, epoxy, UV curable, and others are used to formulate structural adhesives. Furthermore, global players are launching new trends of structural adhesives so as to use them in various industries. For instance, in Mar 2022, Conagen launched bio-based debondable hot melt adhesives solutions to avoid waste and save costs in manufacturing.
The Structural Adhesive Market is expected to grow at a steady rate of around 6% owing to the increasing trend for lightweight & low-carbon emitting vehicles coupled with the growing adoption of adhesives in the building & construction sector. Major companies in the market offer structural adhesives for multiple industrial applications with technologically advanced features. For instance, in Oct 2021, 3M announced the Next Generation Of 3M Scotch-Weld Structural Acrylic Adhesives. These include products such as 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.
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Based on resin type, the market is segmented into epoxy, polyurethane, acrylic, cyanoacrylate, methyl methacrylate, and others. The epoxy resin type category is likely to witness the highest CAGR during the forecast period owing to its properties such as resistance to high temperatures, high shear strength, high bonding strength, and better solvent properties. In addition, these are vibrant resistant which is used in aluminum structures. Thus, these properties of epoxy resin are increasing its demand in various industries such as automotive, healthcare, aerospace, and others which is driving the growth of the market.
On the basis of technology, the market is categorized into water-based, solvent-based, and others. Among these, water-based adhesives hold a significant share of the market in 2020. This is mainly due to the advantages of having high bonding applications in the leather, wood, and textiles industries. Additionally, they are also used because they are eco-friendly and economically viable. Furthermore, water-based structural adhesives have also been witnessing the highest adoption from the automotive sector such as assembling vehicle parts, mechanical fastening, or fixings. Thus, water-based adhesives offer better control capability and performance in various industries.
Based on application, the structural adhesive market has been classified into automotive, building & construction, electrical & electronics, energy, and others. The automotive category is to witness the demand for structural adhesive during the forecast period. This is mainly because it helps in enhancing the crashworthiness of cars and other passenger vehicles as they are bonded with epoxy-based structural adhesives that help in absorbing high-impact energy at different varying temperatures. Additionally, many major players are also working on using adhesives for more use in the automotive industry. For instance, DuPont built new adhesives manufacturing facility in East China to serve customers in the transportation industry, primarily in support of two industry megatrends, vehicle electrification applications, and lightweight.
For a detailed analysis of the Global Structural Adhesive Market browse through– https://univdatos.com/report/structural-adhesive-market/
For a better understanding of the market adoption of the structural adhesive industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to hold a significant share of the market during the forecast period. This is mainly due to the rising demand for heavy lifting equipment brought on by the expansion of the construction sectors in the region. Additionally, the need for composite materials is propelled by remodeling projects, increasing industrial and infrastructural expansions, and other factors that are increasing the market’s growth. Moreover, the constant development in technology which is leading to the designing and construction of new vehicles, or any construction sites is accelerating the growth of the market within the region. Also, major players in the market continue to invest in the development of new types of adhesives in the market. For instance, Bostik launched a new, innovative water-based adhesive Aquagrip 3720 for automotive interior assembly applications.
Some of the major players operating in the market include Henkel AG & Co. KGaA, DuPont de Nemours Inc., 3M, Sika AG, Uniseal Inc., H. B. Fuller Company, Lord Corporation, Arkema, The Dow Chemical Company, Scott Bader Co.
Global Structural Adhesive Market Segmentation
Market Insight, by Resin Type
• Epoxy
• Polyurethane
• Acrylic
• Cyanoacrylate
• Methyl Methacrylate
• Others
Market Insight, by Technology
- Water-based
- Solvent-based
- Others
Market Insight, by Application
• Automotive
• Building & Construction
• Electrical & Electronics
• Energy
• Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Henkel AG & Co. KGaA
- DuPont de Nemours Inc.
- 3M
- Sika AG
- Uniseal Inc.
- H. B. Fuller Company
- Lord Corporation
- Arkema
- The Dow Chemical Company
- Scott Bader Co.
