Structural Adhesives Market
Structural Adhesives Market Analysis, By Resin Type (Epoxy, Polyurethane (PU), Acrylic, Cyanoacrylate), By Application (Building & Construction, Bus & Truck Manufacturing, Aerospace & Defense Manufacturing, Others), By Region - Global Market Insights 2022 to 2032
Analysis of Structural Adhesives market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Structural Adhesives Market Outlook (2022 to 2032)
Worldwide consumption of structural adhesives is predicted to increase at a CAGR of 6.7% from 2022 to 2032. The global structural adhesives market stands at a value of US$ 14.74 billion in 2022 and is estimated to bring in revenue of US$ 28.2 billion by the end of 2032.
Increasing construction activity is anticipated to drive high demand for epoxy structural adhesives, structural wood glue, and structural adhesive tapes over the coming years.
| Report Attributes | Details |
|---|---|
| Structural Adhesives Market Size (2022E) | US$ 14.74 Billion |
| Forecasted Market Value (2032F) | US$ 28.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.7% CAGR |
| North America Market Share (2022) | 28.3% |
| Europe Market Share (2022) | 31.6% |
| Key Companies Profiled | 3M Company; Sika AG; Henkel AG & Co. KGaA; The Dow Chemical Company; H.B.Fuller; Scott Bader Co.; Uniseal Inc.; Huntsman Corporation; Ashland Inc.; Lord Corporation; Illinois Tool Works Inc.; Permabond LLC; MAPEI; Ardex |
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Structural Adhesive Consumption Analysis (2017 to 2021) in Comparison to Market Forecasts (2022 to 2032)
The market for structural adhesives is anticipated to witness steady growth over the coming years as the scope of application for structural adhesives increases across various industry verticals. Structural adhesives have gained popularity owing to their characteristic properties of high load-bearing capacity, high strength, faster curing time, etc.
The aforementioned qualities have substantially increased the use of structural adhesives in construction applications where they are desired. Increasing demand for infrastructure development across the world has resulted in increased construction activity and subsequently drives sales of structural adhesives.
Epoxy hardeners and UV-cured adhesives are expected to witness a steady increase in demand over the coming years as the popularity of their characteristic properties increases.
Structural adhesives are also preferably used in the automotive industry due to their characteristic qualities. Automotive structural adhesives are anticipated to be highly preferred in the manufacturing of electric vehicles which are gaining popularity across the world.
However, the presence of VOCs (volatile organic compounds) in structural adhesives is expected to have a restraining effect on the overall market growth as these compounds are toxic to human health and can cause several health complications.
Structural adhesive shipments are predicted to increase at a CAGR of 6.7% from 2022 to 2032.
What is Driving Structural Adhesive Demand across Regions?
“Increasing Investments in Infrastructure Development”
The world has witnessed a rampant increase in urbanization and industrialization which has resulted in high demand for infrastructure development. This demand is especially high in developing economies.
The aforementioned factor has propelled the launch of new construction projects and supportive government initiatives are expected to fuel the launch of more projects over the coming years.
The construction industry is a major application vertical for structural adhesives and hence structural adhesive sales are expected to increase through 2032. Silicone sealants, wood glue, epoxy glue, and structural epoxy adhesives are some products that are expected to witness high demand over the years to come.
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What Drawback Does Structural Adhesives Have?
“Presence of Volatile Organic Compounds Hindering Sales of Structural Adhesives”
Most structural adhesives present in the market comprise VOCs that are harmful to human health and can cause serious health complications if not managed safely.
Stringent mandates across the world by governments to curb the use of toxic chemicals that harm the health and environment are expected to constrain structural adhesives market potential. Chemical adhesives and other chemical products are expected to witness a drop in demand owing to the aforementioned factors.
How Can New Market Players Leverage the Sustainability Trend to Gain Ground?
“Start-ups Can Launch Products with Lower Carbon Footprint”
Sustainability has been a prominent trend over the past few years and is expected to be the prime focus going ahead owing to increasing awareness and stringent government mandates.
New structural adhesive manufacturers should focus on capitalizing on the sustainability trend by developing and launching products that are sustainable in nature.
- RALLK, an Italian start-up founded in 2018, is focused on manufacturing cement-hardening adhesives and other thermal coat adhesives for cement industry applications. RALLK’s adhesives have high water resistance and allow for a faster curing time as well. These adhesives also have a lower carbon footprint than conventional adhesives, which makes them a unique and preferable solution in today’s more environment-conscious landscape.
New entrants can focus on the sustainability trend and invest in the development of adhesives that are free from VOCs. New structural adhesive companies can deploy innovative strategies to promote their products and advance their business scope in this consolidated market space.
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What is the Regional Analysis of the Structural Adhesives Industry?
“North America & Europe to Account for High Market Share”
Increasing construction activity and the presence of a robust automotive manufacturing industry in Europe are expected to drive demand for structural adhesives in this region through 2032. At present, the market for structural adhesives in Europe stands at a valuation of US$ 4.65 billion and accounts for a significant market share of 31.6% in the global marketplace.
Rising urbanization and industrialization are fuelling demand for infrastructure development in the Asia Pacific region and this is expected to propel the consumption of structural adhesives in this region. Economies of India, China, and Japan are expected to lead the market potential in this region throughout the forecast period.
A complete regional analysis along with trends and opportunities has been listed in this new structural adhesives research report by Fact.MR, a market research and competitive intelligence provider.
Competitive Landscape
Key structural adhesive manufacturers are increasing their investments in research and development of new products that are free from VOCs and are compliant with the new sustainability norms. Structural adhesive suppliers are also developing application-specific adhesives to strengthen their business potential in specific industry verticals.
- In May 2022, Arkema’s adhesive division - Bostik - announced the launch of its new adhesive solution, which is part of its 'Responsibly for Hygiene' commitment. The new Nuplaviva i90 Hot-Melt Wetness Indicator is made with renewably-sourced content and is the third solution in the Nuplaviva series of adhesives.
Key Segments Covered in Structural Adhesives Industry Research
-
By Resin Type :
- Epoxy Structural Adhesives
- Polyurethane (PU) Structural Adhesives
- Acrylic Adhesives
- Cyanoacrylate
-
By Application :
- Building & Construction
- Bus & Truck Manufacturing
- Aerospace & Defense Manufacturing
- Wind Energy Equipment Manufacturing
- Marine Equipment Manufacturing
- Rail Equipment & Components
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Resin Type
- 10.1. Epoxy Structural Adhesives
- 10.2. Polyurethane (PU) Structural Adhesives
- 10.3. Acrylic Adhesives
- 10.4. Cyanoacrylate
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 11.1. Building & Construction
- 11.2. Bus & Truck Manufacturing
- 11.3. Aerospace & Defense Manufacturing
- 11.4. Wind Energy Equipment Manufacturing
- 11.5. Marine Equipment Manufacturing
- 11.6. Rail Equipment & Components
- 11.7. Others
- 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. 3M Company
- 22.2. Sika AG
- 22.3. Henkel AG & Co. KGaA
- 22.4. The Dow Chemical Company
- 22.5. H.B. Fuller
- 22.6. Scott Bader Co.
- 22.7. Uniseal Inc.
- 22.8. Huntsman Corporation
- 22.9. Ashland Inc.
- 22.10. Lord Corporation
- 22.11. Illinois Tool Works Inc.
- 22.12. Permabond LLC
- 22.13. MAPEI
- 22.14. Ardex
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Resin Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Resin Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Resin Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Resin Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Resin Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Resin Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Resin Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Resin Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Resin Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Resin Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Resin Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Resin Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Resin Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Resin Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Resin Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Resin Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Resin Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Resin Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Resin Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Resin Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Resin Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Resin Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Resin Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Resin Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Resin Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Resin Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Resin Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Resin Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Resin Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Resin Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Resin Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Resin Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Resin Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the global structural adhesives market?
The global structural adhesives market is valued at US$ 14.74 billion.
What valuation will the market reach by 2032?
By 2032, the structural adhesives market is set to reach US$ 28.2 billion.
At what CAGR will the market expand?
Structural adhesive sales are predicted to increase at 6.7% CAGR.
What is the market value for North America?
The North America market stands at US$ 4.17 billion in 2022.
Structural Adhesives Market