Market Research Future (MRFR) confirms that the Structural Adhesives Market had touched USD 18.3 billion in 2016 and should be able to capture a CAGR of 7.9% during 2022 and 2030.

Key Boosters and Barriers

The fast-expanding sectors like construction, automotive, transportation and furniture are encouraging structural adhesive companies to spend considerably on research and development activities. Adhesive has become an indispensable component in several sectors and are frequently subjected to advancements, which further boost their appeal and application scope. Structural adhesives have impressive thermal, chemical, abrasion and impact resistance and provide high load-bearing capability, strength, resistance and durability against heat, impact, solvents and fatigue. These also offer benefits like smoother lines with no protruding rivets, weld marks or nails in the body of the vehicle such as car, bus, and truck.

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The market growth is also facilitated by the rising preference for modified polyurethane and epoxies adhesives, coupled with the surging prevalence of methyl methacrylate adhesives in marine, wind energy, automotive and building construction applications. Mounting penetration of advanced composites, rampant demand for green, sustainable, and non-hazardous Structural Adhesives, and inclination towards low carbon-emitting and lightweight vehicles as well as aircraft will also ensure solid market growth for structural adhesives in subsequent years.

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Competitive Landscape

The Most Prominent Major Key Players in the Structural Adhesives Market Opportunity

Ried B.V. Co.

Hubei Huitian Adhesive Enterprise Co.

Arkema S.A.

Scott Bader Company

Lord Corporation

Henkel AG Co.

SIKA AG

Ashland Inc.

The Dow Chemical Company

3M Company

Regional Insight

Structural adhesive market can be regionally split into Europe, Asia Pacific or APAC, MEA or Middle East Africa and North America.

Fast industrialization rate and high demand in furniture and construction sectors have made APAC the highest gainer in the global market. The stunning growth can also be credited to the escalating use of adhesives in the automotive and transportation sector, especially in India, South Korea, China, and Japan. Therefore, these countries are presumed to be the most profitable markets in the region in the years to come. Indonesia and Thailand are some of the fastest expanding markets for structural adhesives, in view of the surge in tax incentives offered by the government and the high availability of cheap priced labor as well as materials.

Europe market has taken the second lead in the global industry, while Germany, Italy, Spain and the UK and France are emerging as the top contributors. Rising government expenditure with respect to commercial buildings and public infrastructure is likely to enhance the use of structural adhesives for applications in roofing, wall coverings and window panels. High living standards of the consumers who are focused on the latest trends in terms of furniture designs should further foster the market demand in the ensuing years.

North America is on a healthy growth trajectory, on account of the extensive use of structural adhesives in the construction and automotive industries. The biggest market in North America is the US, considering the booming sales of automobiles such as trucks, vans and more. Substrates like plastics, glass, composites, and metals are significantly used for vehicle manufacturing in the country and is expected to be favorable for the structural adhesives market during the analysis period.

Segmental Review 

Automotive adhesives market has been considered for product type, technology and application are the top segments considered in the MRFR report.

Types of adhesives are acrylic, epoxy, cyanoacrylate, urethanes, and others. Epoxy remains one of the most sought-after structural adhesives in the market as it adheres to several material types, has high strength, produces low VOC during the curing process, and can bear heavy loads. 

The technologies covered in the report are water-based as well as solvent-based. Water based structural adhesives are significantly used in hard and rigid joining like automotive assembly, furniture panels, household appliances and joint cements. The demand is bolstered by the strict regulations imposed by environment agencies pertaining to the volatile organic compound present in solvent-based adhesives.

The top applications of structural adhesives include transportation, automotive, furniture, building construction, and more.

Latest Updates 

February 2021

Bostik, a renowned player in advanced adhesive solutions has acquired Poliplas Ltda. Bostik is a Brazilian company and is well-known in the fast-expanding hybrid adhesives and sealants industry. Poliplas, on the other hand, is a major firm in the Brazilian adhesives industry. Both the companies will team up to offer high performance and quality adhesives as per the customers’ requirements. The acquisition is expected to push Bostik’s strategy to make a name in the construction sector, while reinforcing its position in the adhesives domain.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Structural Adhesives Market

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In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members. 

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