Structural Adhesives Market size was valued at USD 17.34 Billion in 2020 and is projected to reach USD 23.10 Billion by 2028, growing at a CAGR of 6.34% from 2022 to 2028.
The market is expanding primarily as a result of increased demand from the construction and automotive industries. Construction sites, automotive assemblies, product manufacturing facilities, and other places are seeing an increase in the use of glue for binding two similar or dissimilar surfaces. The demand has been pushed higher by a large increase in building and automotive sales. The Global Structural Adhesives Market study offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.
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Structural Adhesives are adhesives that are used to join materials such as metals, composites, thermoplastics, and so on. Automotive, transportation, maritime, HVAC, wind energy, industrial assemblies, and construction all employ these adhesives for adhesion. Compared to traditional fastening adhesives, these adhesives have a number of advantages. Structural adhesives are also known as load-bearing adhesives since they have the ability to harden on the surface and can keep two dissimilar surfaces together by hardening between them.
These adhesives can tolerate tremendous stresses for a long period, but they can become weak if they are subjected to a lot of vibrations, shock, or temperature changes. Structural adhesives offer a wide range of uses in a variety of sectors. Structural adhesives are used to glue metal and composite components together as well as to repair damage in aeroplanes. They’re also utilised in construction to secure drywall and fixtures to walls and ceilings. In the automotive industry, they are utilised to link numerous elements and have eliminated the necessity for welding in many components.
Market Segmentation for Structural Adhesives in the World
Product Type, Application, and Geography are the three segments that make up the Global Structural Adhesives Market.
Structural Adhesives Market, By Product Type :
• Urethanes
• Epoxy
• Acrylic
• Cyanoacrylic
• Others
Structural Adhesives Market, By Application
• Building & Construction
• Automotive
• Bus & Truck
• Aerospace
• Wind Energy
• Rail
• Marine
• Others
The Global Structural Adhesives Market is divided into four regions based on regional analysis: North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region currently holds the largest market share in the Global Structural Adhesives Market and is expected to continue to expand and dominate the market throughout the projected period. The huge population is to blame for this rise. Rapid industrialization in developing countries such as India, China, and many other countries in Southeast Asia has driven the Global Structural Adhesives Market in this area.
Key Players
The “Global Structural Adhesives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Henkel, Huntsman, 3M, H.B. Fuller, Sika, Illinois Tool Works, DuPont, Bostik, Ashland, LORD Corporation, MAPEI, Scott Bader.
Important Developments
• Crestabond M7-04 was created by Scott Bader. It will be a structural adhesive on the market in 2020. It’s made for thermoplastics, bonded composites, and metals, and it’s precisely formulated and hardened for them.
• In December 2018, Henkel completed the acquisition of Aislantes Nacionales S.A. in Santiago, Chile.
• The Lord Corporation announced plans to invest $80 million. This investment was made in June 2018 to expand and enhance operations at its 250,000-square-foot factory in Saegertown. Over the following five years, they want to add 75,000 square feet to the structure.
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