Structural Adhesive Market - Growth, Trends, and Forecast (2019 - 2024)

The Market is segmented by Resin Type (Epoxy, Polyurethane, Acrylic, Cyanoacrylate, Methyl Methacrylate, and Other Types), End-user Industry (Construction, Automotive, Aerospace, Wind Energy, and Other End-user Industries), and Geography.

Market Snapshot

Market Summary - Structural Adhesive
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for the structural adhesive is expected to witness a CAGR of more than 5% during the forecast period of 2019–2024. One of the major factors driving the market studied is the increasing demand from the construction and automotive sectors. However, growing environmental and health concerns are expected to hinder the growth of the market studied.

  • Construction industry dominated the market in 2018, and it is expected to grow during the forecast period.
  • Growing research on underwater structural adhesives is likely to act as an opportunity in the future.
  • North America dominated the market across the world with the largest consumption from the United States.

 

Scope of the Report

The structural adhesive market report includes:

Resin Type
Epoxy
Polyurethane
Acrylic
Cyanoacrylate
Methyl Methacrylate
Other Types
End-user Industry
Construction
Automotive
Aerospace
Wind Energy
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Construction Industry

  • In the construction sector, structural adhesives are crucial, they are providing durability to materials, such as architectural membranes, caulks, wires and cable, roofs, etc. Structural adhesives are required to provide weatherability and durability, while remaining energy efficient and aesthetically appealing.
  • They also reduce the need for maintenance that may put workers at risk. This is enhancing aesthetics and extending the life cycle of building facades and bridges.
  • These adhesives avoid costs that are built into typical mechanically fastened joints and are highly aesthetic. They are cost-effective, due to reduced material costs, the number of parts, labor costs, and process time, and are also available in a wide variety of packaging and dispensing options - cartridge (convenience) packaging and bulk packaging.
  • Structural adhesives provide processing convenience and overall assembly cost savings. Also, structural adhesives are easy to use, require minimal surface preparation, and require no drilling of through holes or tapping operations.
  • They are engineered to form bonds that can support loads (via load-bearing joints) and are formulated to improve manufacturing processes and final products for a variety of composite, metal, and plastic assemblies.
  • With the growing construction activities across the world, the demand for structural adhesives is projected to increase, during the forecast period.
Segmentation - Structural Adhesive Market

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North America Region to Dominate the Market

  • The North America region dominated the global market share in 2018. The United States is one of the world’s largest consumer of structural adhesives. It is one of the most prospective markets.
  • The major companies are having their structural adhesives manufacturing facilities based out of the United States, hence, catering to the ready market available.
  • The demand for new homes in the United States has been increasing consistently over the past few years, owing to the growing population and rising consumer income in the country.
  • The United States is one of the largest producers of automotive, after China, with the production volume of 11.8 billion vehicles, in 2018. Structural adhesives are widely used in automotive parts, providing processing convenience and overall assembly cost savings.
  • In the industrial segment, owing to numerous political and financial reasons, many industries are establishing manufacturing units in the country, which, in turn, is increasing the demand for high-performance elastomers.
  • Overall, the market for structural adhesives is anticipated to surge over the forecast period.
Regional - Structural Adhesive Market

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Competitive Landscape

The structural adhesive market is fragmented and is dominated by very few players. Some of these major players include 3M, DowDuPont Inc., Henkel AG, Arkema AG, and H.B. Fuller, among others.

Major Players

  1. 3M
  2. DowDuPont Inc.
  3. Henkel AG
  4. Arkema AG
  5. H.B. Fuller

* Complete list of players covered available in the table of contents below

Market Concentration - Structural Adhesive

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increase in Investments in Developing Economies in Asia-Pacific

      2. 4.1.2 Increasing Demand from the Construction and Automotive Sectors

    2. 4.2 Restraints

      1. 4.2.1 Growing Environmental and Health Concerns

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Polyurethane

      3. 5.1.3 Acrylic

      4. 5.1.4 Cyanoacrylate

      5. 5.1.5 Methyl Methacrylate

      6. 5.1.6 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Aerospace

      4. 5.2.4 Wind Energy

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Acralock

      3. 6.4.3 Arkema AG

      4. 6.4.4 Cabot Corporation

      5. 6.4.5 DowDuPont Inc.

      6. 6.4.6 Bondloc

      7. 6.4.7 Forgeway Ltd

      8. 6.4.8 H.B. Fuller

      9. 6.4.9 Henkel AG & Company KGaA

      10. 6.4.10 LORD Corporation

      11. 6.4.11 RS Industrial

      12. 6.4.12 SIKA Group

      13. 6.4.13 Uniseal

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Research on Underwater Structural Adhesives

**Subject to Availability

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