Structural Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Structural Adhesives Market Analysis and the market is Segmented by Resin Type (Epoxy, Polyurethane, Acrylic, Cyanoacrylate, Methyl Methacrylate, and Other Resin Types), End-user Industry (Construction, Automotive, Aerospace, Wind Energy, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Structural Adhesives Market Size

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Structural Adhesives Market  Summary
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Study Period 2019 - 2029
Market Size (2024) USD 19.22 Billion
Market Size (2029) USD 27.78 Billion
CAGR (2024 - 2029) 7.64 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Structural Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Structural Adhesives Market Analysis

The Structural Adhesives Market size is estimated at USD 19.22 billion in 2024, and is expected to reach USD 27.78 billion by 2029, growing at a CAGR of 7.64% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. However, it recovered significantly in 2021, owing to rising consumption from various end-user industries, such as construction, automotive, and wind energy.

  • Over the short term, the increasing investments in developing Asia-Pacific economies and increasing demand from the global construction and automotive sectors may drive the market studied.
  • However, growing environmental and health concerns are expected to hinder the growth of the studied market.
  • The growing research on underwater structural adhesives is likely to act as an opportunity for market growth in the future.
  • Asia-Pacific dominated the market, with the most significant consumption recorded in China.

Structural Adhesives Market Trends

This section covers the major market trends shaping the Structural Adhesives Market according to our research experts:

Increasing Demand from the Construction Industry

  • In the construction sector, structural adhesives are used to bond materials to withstand loads or stresses. These adhesives offer good impact resistance, fracture toughness, and structural flexibility without affecting bond strength.
  • In the construction sector, structural adhesives provide durability to concrete, load-bearing materials, metals such as aluminum and steel, plastics, engineered woods, etc. Apart from durability, structural adhesives are energy-efficient and aesthetically appealing. They also reduce the need for maintenance. These characteristics extend the life cycle of building facades and bridges.
  • Some essential structural adhesives used in the construction industry include acrylic structural adhesives, steel glue, anchor glue, pouring glue, carbon fiber reinforcement glue, dry-hanging adhesives, and silicone structural adhesives.
  • With growing construction activity worldwide, the demand for structural adhesives is projected to increase during the forecast period. The global construction market was valued at around USD 7.2 trillion in 2021 and is likely to witness a growth rate of 3.6% in 2022.
  • The construction sector in the Asia-Pacific region is the largest in the world and is expanding at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization. The highest growth for housing is also expected to be registered in the Asia-Pacific region, owing to the expanding housing construction markets in China and India. According to the National Bureau of Statistics of China, the output value of the construction works in the country in 2021 was CNY 25.92 trillion (~USD 4.03 trillion), increasing from CNY 23.27 trillion (~ USD 3.62 trillion) in 2020.
  • The United States occupies a significant share of the North American construction industry. Canada and Mexico also contribute significantly to the construction sector. According to the US Census Bureau, the value of new construction put in place in the country accounted for USD 1,626,444 million in 2021, increasing from USD 1,499,570 million in 2020.
  • Therefore, all the factors mentioned above are likely to impact the demand in the market studied significantly.
Structural Adhesives Market : Annual Value of Construction Put in Place, in USD Million, United States, 2017-2021

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global structural adhesives market in 2021. China is one of the world's largest consumers of structural adhesives.
  • According to China's Five-Year Plan, unveiled in January 2022, the country's construction industry is estimated to register a growth rate of approximately 6% in 2022. China plans to increase the construction of prefabricated buildings to reduce pollution and waste from construction sites.
  • Moreover, as per the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects with an estimated investment of around USD 142 billion. These projects are in progress and are estimated to be completed by 2023.
  • China is the largest manufacturer of automobiles in the world. According to the OICA, the automotive production in the country reached 26.08 million in 2021, which increased by 3% compared to 25.23 million vehicles produced in 2020. The increase in automotive production is estimated to drive the demand for structural adhesives, especially in the high-end vehicle manufacturing sector.
  • Furthermore, as per the Stockholm International Peace Research Institute (SIPRI), China, the world's second-largest spender on the military after the United States, allocated an estimated USD 293 billion to its military in 2021. This was an increase of 4.7% compared to 2020. The 2021 Chinese budget was the first under the 14th Five-Year Plan, which runs until 2025.
  • India's massive construction sector is expected to become the world's third-largest construction market by 2022. Various policies implemented by the Indian government, such as the Smart Cities project and Housing for all by 2022, are expected to prove an impetus to the slowing construction industry.
  • The automotive and aerospace sectors are the other significant users of structural adhesives. According to OICA, around 4,399,112 vehicles were produced in India in 2021, which increased by 30% compared to 3,381,819 units in 2020.
  • The factors above are expected to affect the demand for structural adhesives in the Asia-Pacific region over the forecast period.
Structural Adhesives Market - Growth Rate by Region, 2022-2027

Structural Adhesives Industry Overview

The global structural adhesives market is partially fragmented in nature, with the presence of various international and domestic players. Some of the major players include Henkel AG & Co. KGaA, Sika AG, 3M, H.B. Fuller Company, and Arkema (not in any particular order).

Structural Adhesives Market Leaders

  1. 3M

  2. Henkel AG

  3. Sika AG

  4. H.B. Fuller Company

  5. Arkema

*Disclaimer: Major Players sorted in no particular order

Structural Adhesives Market Concentration
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Structural Adhesives Market News

  • February 2022: Arkema finalized the acquisition of the Performance Adhesives business of Ashland. The products offered under this division include structural adhesives. The value of the transaction was USD 1.65 billion. The acquisition helped strengthen Arkema's Adhesive Solutions segment and aligned with the company's strategy to become a pure specialty material player by 2024.
  • February 2022: H.B. Fuller Company announced that it had finalized its purchase of Apollo, a manufacturer of liquid adhesives, coatings, and primers for the roofing, industrial and construction markets. It is expected that Apollo will strengthen H.B. Fuller's position in important high-value, high-margin areas in the United Kingdom and Europe. Apollo will operate inside H.B. Fuller's current Construction Adhesives and Engineering Adhesives business units.

Structural Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Global 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 Buyers

      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 (Market Size in Value)

    1. 5.1 By 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 Resin Types

    2. 5.2 By 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 By 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 and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema

      3. 6.4.3 Bondloc UK Ltd

      4. 6.4.4 DuPont

      5. 6.4.5 Engineered Bonding Solutions LLC

      6. 6.4.6 Forgeway Ltd

      7. 6.4.7 H. B. Fuller Company

      8. 6.4.8 Henkel AG & Co. KGaA

      9. 6.4.9 Huntsman International LLC

      10. 6.4.10 Illinois Tool Works Inc.

      11. 6.4.11 LG Chem

      12. 6.4.12 Parker Hannifin Corp.

      13. 6.4.13 Sika AG

      14. 6.4.14 RS Industrial

    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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Structural Adhesives Industry Segmentation

An adhesive that hardens or cures into a material that can hold two or more substrates together while withstanding the forces involved in the product's lifespan is referred to as a structural adhesive. It is also referred to as a "load-bearing" adhesive. Epoxies, methacrylates, polyurethanes, and cyanoacrylate adhesives are the types of adhesives that can hold things together. 

The structural adhesives market is segmented by resin type, end-user industry, and geography. By resin type, the market is segmented into epoxy, polyurethane, acrylic, cyanoacrylate, methyl methacrylate, and other resin types. By end-user industry, the market is segmented into construction, automotive, aerospace, wind energy, and other end-user industries. The report covers the sizes and forecasts for the structural adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

By Resin Type
Epoxy
Polyurethane
Acrylic
Cyanoacrylate
Methyl Methacrylate
Other Resin Types
By End-user Industry
Construction
Automotive
Aerospace
Wind Energy
Other End-user Industries
By 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 and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Structural Adhesives Market Research FAQs

The Structural Adhesives Market size is expected to reach USD 19.22 billion in 2024 and grow at a CAGR of 7.64% to reach USD 27.78 billion by 2029.

In 2024, the Structural Adhesives Market size is expected to reach USD 19.22 billion.

3M, Henkel AG, Sika AG, H.B. Fuller Company and Arkema are the major companies operating in the Structural Adhesives Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Structural Adhesives Market.

In 2023, the Structural Adhesives Market size was estimated at USD 17.86 billion. The report covers the Structural Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Structural Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Structural Adhesive Industry Report

Statistics for the 2024 Structural Adhesive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Structural Adhesive analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Structural Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)