Structural Adhesives Market by Substrate (Metal, Composite, Wood, Plastic), Application (Building & Construction, Automotive, Bus & Truck, Aerospace), Technology (Water-based, Solvent-based) & Region for 2024-2031
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Structural Adhesives Market by Substrate (Metal, Composite, Wood, Plastic), Application (Building & Construction, Automotive, Bus & Truck, Aerospace), Technology (Water-based, Solvent-based) & Region for 2024-2031
Structural Adhesives Market Valuation – 2024-2031
The structural adhesives market is expanding due to rising demand in the automotive and aerospace industries for lightweight, high-strength bonding solutions. These adhesives provide benefits such as weight reduction and better resilience, which are critical for fuel efficiency and performance enhancement. This is likely to enable the market size surpass USD 20.12 Billion valued in 2024 to reach a valuation of around USD 27.34 Billion by 2031.
Technological developments and innovations in adhesive formulations are driving market expansion by improving bonding properties and durability to severe conditions. Emerging economies in Asia-Pacific, particularly China and India, are also helping to drive market growth through fast industrialization and infrastructure development. The rising demand for Structural Adhesives is enabling the market grow at a CAGR of 3.91% from 2024 to 2031.
Structural Adhesives MarketDefinition/ Overview
Structural adhesives are high-strength bonding agents used to link load-bearing components, ensuring durability and resilience to environmental factors. They are vital in a variety of industries, including automotive, aerospace and construction, due to their capacity to improve structural integrity.
Structural adhesives are used to attach metals, composites, and polymers in a variety of industries, including automotive, aerospace and construction. They increase strength, distribute stress uniformly and enable lighter, more durable structures.
The future application of structural adhesives will concentrate on light weighting, improving durability, and increasing energy efficiency in industries such as automotive, aerospace and construction, driven by the need for stronger, more dependable and environmentally friendly bonding solutions.
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Will Growth in Construction and Infrastructure Projects Boost the Structural Adhesives Market Growth?
The growth in building and infrastructure projects is expected to greatly increase the structural adhesives market. Adhesives are becoming increasingly used for structural bonding in buildings and infrastructure due to their advantages over traditional mechanical fasteners, such as improved stress distribution, lower weight and increasing aesthetic appeal.
According to a survey by the American Chemistry Council, the use of adhesives and sealants in construction applications increased by around 3.5% each year between 2015 and 2020, indicating a consistent rise in demand. The use of structural adhesives in building in the European Union increased by around 4% each year between 2016 and 2021, suggesting a similar trend. This rise is being driven by advances in adhesive technologies that offer greater bonding strength and endurance, as well ongoing expansion of construction and infrastructure activities worldwide. Consequently, the structural adhesives market is expected to witness robust growth, driven by the sustained demand from the construction sector.
Will Increasing Restricted Material Compatibility Hamper the Structural Adhesives Market?
Increasing constraints on material compatibility may provide obstacles to the structural adhesives sector. As rules tighten surrounding the use of specific chemicals and compounds in adhesives, manufacturers may face challenges in developing solutions that fulfil both legal and performance requirements. This could result in higher R&D costs as companies explore alternative formulations that meet regulatory requirements while preserving adhesive performance.
Furthermore, limiting material compatibility may limit the adaptability of structural adhesives in a variety of applications and sectors. For example, particular industries may demand adhesives that can bond with specific materials or substrates and material compatibility issues may limit their employment in these areas.
However, these challenges drive innovation in the business, leading manufacturers to develop new adhesive solutions that are environmentally friendly, comply with regulations and maintain high performance standards. Thus, while increasing restricted material compatibility presents hurdles, it also drives advancements in adhesive technology and market adaptation.
Category-Wise Acumens
Will Widespread Use in Automotive Drive the Metal Substrates Segment?
The extensive use of structural adhesives in automotive applications is a major driver for the metal substrates market. Automotive makers are increasingly relying on adhesives to improve vehicle performance, reduce weight and increase safety. Metal substrates such as aluminium and steel are commonly used in automotive construction due to their strength, durability and adaptability for structural components such as chassis, body panels, and frame assembly.
Structural adhesives designed for metal substrates have various advantages, including strong bonding strength, fatigue resistance and corrosion protection, all of which are critical for ensuring vehicle integrity and safety standards. Furthermore, adhesives facilitate effective assembly procedures, which contribute to cost savings and manufacturing efficiency in vehicle production lines.As automotive trends toward light weighting and electrification continue to evolve, the demand for sophisticated structural adhesives customized for metal substrates is expected to grow, further driving innovation and adoption across the automotive industry globally.
Will Increasing Demand for Lightweight Materials Drive the Application Segment?
The growing demand for lightweight materials is a major driving force in the structural adhesive application market. Automotive, aerospace and transportation industries are progressively focusing on reducing vehicle weight in order to increase fuel efficiency, performance and sustainability. Structural adhesives enable the use of lightweight materials such as aluminium, composites and high-strength polymers by forming strong, long-lasting connections that effectively distribute stress and load between attached components.
In automobile applications, structural adhesives replace traditional mechanical fasteners, lowering overall vehicle weight while increasing structural rigidity and crash performance. Adhesives also help to reduce the weight of aircraft components, which improves fuel efficiency and operational performance. The bus and truck manufacturing sectors also benefit from adhesive technologies that promote light weighting programs, resulting in lower fuel consumption and emissions.As industries continue to prioritize lightweight materials to meet regulatory and consumer demands, the demand for advanced structural adhesives tailored for lightweight substrates is expected to grow, driving innovation and market expansion.
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Country/Region-wise Acumens
Will Increasing Robust Bonding Solutions to Meet Stringent Performance Drive the Market in North America?
The structural adhesives market in North America is likely to grow as more robust bonding solutions are developed to meet strict performance standards. The region’s automotive, aerospace and construction industries are constantly looking for innovative adhesive technologies that can survive harsh circumstances while increasing efficiency and durability.
In automobile production, for example, structural adhesives replace old mechanical fasteners, lowering weight while improving vehicle safety and fuel efficiency. Adhesives serve an important function in aerospace by gluing lightweight materials to aircraft components, improving performance and lowering operational costs.
Furthermore, severe regulatory criteria in North America, such as those governing emissions and safety, encourage manufacturers to use new bonding methods that meet environmental rules while retaining high performance. This regulated environment cultivates a competitive landscape where companies strive to develop adhesive formulations that offer superior bonding strength, durability and sustainability.
Overall, the pursuit of robust bonding solutions to meet stringent performance criteria is poised to propel the growth of the structural adhesives market in North America.
Will Growing Automotive Sector Drive the Market in Asia Pacific Region?
The rising automotive sector is a prominent driver of the structural adhesives market in Asia Pacific. Asia-Pacific is the world’s largest automotive manufacturing region, with China, Japan, South Korea and India topping production volumes. The region’s automobile industry is rapidly expanding as a result of rising consumer demand, urbanization, and infrastructure development.
Structural adhesives are critical in automotive manufacturing because they replace traditional mechanical fasteners, reduce vehicle weight, improve fuel efficiency, increase safety and fulfil tough pollution rules. Adhesives allow producers to create stronger and more permanent bindings between lightweight materials like aluminium and composites utilized in modern vehicles.
Furthermore, improvements in adhesive technology in Asia-Pacific cater directly to the needs of the automobile industry, including improving assembly operations, cutting production costs and strengthening overall vehicle performance. As the automotive industry continues to grow in the region, the demand for advanced structural adhesives is expected to rise, driving market expansion and innovation.
Competitive Landscape
The structural adhesives market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the structural adhesives market include
- 3M Company
- Henkel AG & Co. KGaA
- Sika AG
- B. Fuller Company
- Arkema
- The Dow Chemical Company
- Lord Corporation
- Ashland, Inc.
- Scott Bader Company
- Ried BV
- Illinois Tool Works, Inc.
- LG Chem
- Parker Hannifin Corp.
- Bondloc UK Ltd.
- DuPont
- Engineered Bonding Solutions LLC I
Latest Developments
- In August 2023, the 3M™ Scotch-Weld™ Nylon Bonder Structural Adhesive DP8910NS was designed for high-temperature bonding with minimal surface preparation. The 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS is commonly used in automobiles, electric vehicle batteries, and sporting goods and equipment.
- In October 2023, Bostik, a worldwide adhesive expert, introduced its new Thermal Conductive Adhesives (TCA) range at the India Battery Show. Bostik and Polytec PT collaborated to create a new TCA series that addresses the thermal management challenges of the latest Cell-to-Pack (CTP) battery designs.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of ~3.91% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | 3M Company, Henkel AG & Co. KGaA, Sika AG, B. Fuller Company, Arkema, The Dow Chemical Company, Lord Corporation, Ashland Inc., Scott Bader Company, Ried BV, Illinois Tool Works Inc., LG Chem, Parker Hannifin Corp., Bondloc UK Ltd., DuPont, Engineered Bonding Solutions LLC I |
Customization | Report customization along with purchase available upon request |
Structural Adhesives Market, By Category
Substrate
- Metal
- Composite
- Wood
- Plastic
Application
- Building & Construction
- Automotive
- Bus & Truck
- Aerospace
Technology
- Water-based
- Solvent-based
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Analyst’s Take
In conclusion, the Structural Adhesives Market is witnessing robust growth driven by the increasing demand for rapid and reliable bonding solutions in emergency repair and reinforcement applications. Factors such as the growing emphasis on safety standards, the need for quick and effective repairs in critical situations, and advancements in adhesive technologies are expected to further propel market expansion. Additionally, the adoption of emergency structural adhesives across diverse end-use industries is likely to create lucrative opportunities for market players in the coming years.
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into themarket through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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