Global Structural Adhesives Market Insights Forecasts to 2033

• The Global Structural Adhesives Market Size was Valued at USD 13.41 Billion in 2023
• The Market Size is Growing at a CAGR of 5.46% from 2023 to 2033
• The Worldwide Structural Adhesives Market Size is Expected to Reach USD 22.83 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Structural Adhesives Market Size is Anticipated to Exceed USD 22.83 Billion by 2033, Growing at a CAGR of 5.46% from 2023 to 2033.    

Market Overview

Adhesives which can solidify on a substrate and maintain two separate surfaces that are identical or dissimilar through surface contact are known as structural adhesives that are load-carrying adhesives. These adhesives maintain the bonded surfaces effectively even after withstanding stresses for a long time yet are susceptible to shock, vibrations, and temperature fluctuations. Companies are exploring and developing adhesives that meet environmental regulations, opening new markets. The range of uses for structural adhesives has increased recently due to developments in adhesive technology, including novel formulations and enhanced bonding methods. The manufacturing industry is expanding across many sectors, especially in emerging economies. Structural adhesives are essential in improving the performance and appearance of automobiles, and the automotive sector is one of its major end-users. Improving fuel efficiency and lowering pollution emissions require lighter vehicles. Adhesives were traditionally used to laminate, glue, and assemble parts of automobile interiors. Modern adhesives play a critical role in helping original equipment manufacturers (OEMs) reduce weight and minimize carbon emissions as a means to comply with stringent environmental laws. This change has given adhesive makers additional revenues for structural adhesive market expansion. The structural adhesives market is anticipated to expand as innovations and technologies proliferate. The popularity of the structural adhesives market will increase along with the growth of the transportation sector. The nation's usage of structural adhesives is also influenced by expenditures made in lightweight and efficient vehicles in the aerospace sector.

Report Coverage

This research report categorizes the market for the global structural adhesives market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global structural adhesives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global structural adhesives market.

Driving Factors

The rising building and construction industry has introduced new construction materials such as synthetic raw materials for decorative uses, glass, and insulation foams. Structural adhesives are used to provide these materials with effective adherence because of their improved performance and simple application procedure. Furthermore, structural adhesives have several other uses in the building and construction industry, such as lamination of plasterboard, carpet installation, ceramic tile repair and countertop lamination. Because of benefits including superior adhesive strength, affordability, and attractive appearance, acrylic-based structural adhesives are becoming more and more popular in the contemporary building and construction industry. The need for structural adhesives is increased by all of these reasons together, which fuels the expansion of the structural adhesives market.

Restraining Factors

Flexible display production is more expensive than that of regular displays because it requires specialized materials and sophisticated processes. The barrier to widespread adoption and market penetration is this pricing aspect.

Market Segmentation

The global structural adhesives market share is classified into product, technology, and application.

• The epoxy segment is expected to hold the largest share of the global structural adhesives market during the forecast period.    

Based on the product, the global structural adhesives market is categorized into urethane, epoxy, and acrylic. Among these, the epoxy segment is expected to hold the largest share of the global structural adhesives market during the forecast period. Epoxy-based structural adhesives are versatile, adhere easily to a variety of substrate surfaces, and have great shear strength. These qualities qualify epoxy-based structural adhesives for permanent bonding applications. It can also be utilized in automotive, aerospace, and other industrial applications due to its heat and chemical resistance, minimal shrinkage, and cohesive strength, accelerating the expansion of epoxy-based structural adhesives.

• The water-based segment is expected to grow at the fastest CAGR during the forecast period.    

Based on the technology, the global structural adhesives market is categorized into water-based, and solvent-based. Among these, the water-based segment is expected to grow at the fastest CAGR during the forecast period. Its increasing application in providing excellent heat resistance accounts for its large market share. Water-based structural adhesives begin as liquids and solidify as they evaporate. Water, polymers, and additives are frequently combined to make these adhesives. Water-based adhesives are highly heat resistant.

• The transportation segment is expected to hold a significant share of the global structural adhesives market during the forecast period.

Based on the application, the global structural adhesives market is categorized into transportation, and construction. Among these, the transportation segment is expected to hold a significant share of the global structural adhesives market during the forecast period. Structural adhesives are used in transportation applications due to their flexibility and ability to improve performance in complex engineering designs. Furthermore, since they have capacity to tolerate thermal expansion and electrical conductivity, structural adhesives have been shown to provide the necessary performance in transportation applications.

Regional Segment Analysis of the Global Structural Adhesives Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold the largest share of the global structural adhesives market over the forecast period.

Asia Pacific is projected to hold the largest share of the global structural adhesives market over the forecast period. To increase their market share and profitability, market participants focus on this particular segment. Key competitors use partnerships, acquisitions, product launches, and expansions and investments as primary strategies to strengthen their positions in the structural adhesives market. Furthermore, the Asia-Pacific market is growing due to the contributions of China, Japan, India, and South Korea. The market is expanding because of robust economic growth, rising construction activity, and rising disposable income. The Asia-Pacific area has the largest construction industry globally, and it is growing at a fast pace due to factors like urbanization, rising middle-class incomes, and population growth. Due to the growing house-building markets in China and India, the Asia-Pacific region is also predicted to see the largest growth in housing.

Europe is expected to grow at the fastest CAGR growth of the global structural adhesives market during the forecast period. The nation's primary consumers of structural adhesives include the well-established aerospace industry, rising investments in the building sector, and advancements in lightweight and efficient automobiles. To access the European market, sellers must, however, adhere to the necessary (legal) conditions set forth by the European Union. Using precise hand tools, the highly developed European aerospace industry produces civil aero planes, unmanned aerial vehicles, helicopters, high-class jets, and aero engines. Vendors of structural adhesives in Europe stand to benefit greatly from the growing usage of these materials in the wind energy sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global structural adhesives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Henkel AG & Co. KGaA  
• Sika AG  
• 3M
• DuPont
• Huntsman Corporation
• Avery Dennison Corporation
• Ashland Global Specialty Chemicals Inc
• Lord Corporation
• Arkema S.A.
• Scott Bader Co.
• Others

Key Market Developments

• In February 2024, Arkema is collaborated with WW Technologies, a technology likening business, and MultiMaterial-Welding, the licensor of Woodwelding technology, to develop a novel fixation approach using Rilsan Polyamide 11. WW technologies provide efficient, cost-effective, and sustainable fixation solutions that employ ultrasonic energy to form bindings in porous materials such as sandwich panels, non-compatible polymers, and foams.

• In May 2023, Park aircraft Corp. (NYSE-PKE) has introduced the new Aeroadhere FAE-350-1 Structural Film Adhesive Product for bonding aircraft primary and secondary structures.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global structural adhesives market based on the below-mentioned segments:  

Global Structural Adhesives Market, By Product

• Urethane
• Epoxy
• Acrylic

Global Structural Adhesives Market, By Technology

• Water-based
• Solvent-based

Global Structural Adhesives Market, By Application

• Transportation
• Construction

Global Structural Adhesives Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa