Global Dual Cure Adhesives Market Overview
The Dual Cure Adhesives Market Size was estimated at 1.51 (USD Billion) in 2022.The Dual Cure Adhesives Industry is expected to grow from 1.59(USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Dual Cure Adhesives Market CAGR (growth rate) is expected to be around 5.16% during the forecast period (2024 - 2032).
Key Dual Cure Adhesives Market Trends Highlighted
The Dual Cure Adhesives Market exhibits significant growth potential, driven by the increasing demand for durable and high-performance adhesives in various industries. Key market drivers include the rising adoption of lightweight materials in automotive and aerospace applications, where dual-cure adhesives provide superior bonding strength and durability. The advancement of electronics and semiconductor manufacturing also fuels market growth due to the need for reliable adhesives that withstand harsh operating conditions and meet stringent quality standards.Opportunities for growth in the dual-cure adhesives market lie in the development of eco-friendly and sustainable formulations that align with environmental regulations and consumer preferences. Additionally, demand for advanced dual-cure adhesives with specialized properties, such as high-temperature resistance, electrical conductivity, and optical clarity, presents opportunities for market expansion. The trend towards automation and process efficiency in manufacturing industries also drives the demand for dual-cure adhesives that offer rapid curing times and enhanced productivity.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dual Cure Adhesives Market Drivers
Rising Demand for High-Performance Adhesives in Automotive and Aerospace Industries
The increasing adoption of lightweight materials in the automotive and aerospace industries is driving the demand for high-performance adhesives. Dual cure adhesives offer superior strength, durability, and resistance to environmental factors, making them ideal for bonding lightweight materials such as carbon fiber and aluminum. These adhesives are also used in the assembly of complex structures, such as aircraft wings and fuselages, where they provide reliable bonding under demanding conditions.The growing focus on fuel efficiency and emissions reduction in the transportation sector is further fueling the demand for lightweight materials and high-performance adhesives in the Dual Cure Adhesives Market Industry.
Advancements in Electronics Manufacturing and Packaging
Dual cure adhesives have found increasing applicability as electronics manufacturing and packaging processes have advanced rapidly in the past years. Dual cure adhesives are used in the assembly of different electronic devices, including smartphones, laptops, and tablets, ensuring that delicate components are reliably bonded. The adhesives confer precise bonding, offering minimal outgassing and high-temperature resistance. The ability of these products to be used in harsh environmental conditions has seen them become more popular as the miniaturization and integration of electronic appliances continue to gain more popularity.
Increasing Focus on Sustainability and Environmental Regulations
The demand for environmentally friendly adhesives is rising thanks to the increasing emphasis put on sustainability and environmental regulations. Dual cure adhesives are made and formulated by using low volatile organic compounds and are often solvent-free, which makes them less harmful to the environment and safer for working staff. Besides, they have excellent adhesion to recycled materials, which is very advantageous for companies that are trying to minimize their environmental impact.The increased awareness regarding the implementation of sustainable practices and stringent regulations in various countries is expected to drive the growth of the Dual Cure Adhesives Market Industry.
Dual Cure Adhesives Market Segment Insights
Dual Cure Adhesives Market Type Insights
The Dual Cure Adhesives Market is divided by Type as Acrylic Dual Cure Adhesives, Epoxy Dual Cure Adhesives, Polyurethane Dual Cure Adhesives, and Silicone Dual Cure Adhesives. The Acrylic Dual Cure Adhesives are anticipated to hold the highest market share in 2023, as these can create sustainable high-strength bonds with a fast cure that drastically reduces production time/ Through 2023, the segment will continue to dominate as these are widely used in the automotive industry for strong bonds, electronics for excellent insulation, and construction for good adhesion to various substrates.The Epoxy Dual Cure Adhesives segment is also expected to register significant growth over the forecast period, as it is highly resistant to chemicals, has a high heat distortion temperature and reliable bonds with almost all the substrates. It is widely used in the aerospace industry to bond composites, in the automotive industry to bond dual metals, and in the marine industry to bond metals. The Polyurethane Hold, Cure Adhesives segment is anticipated to absorb a large market share as these adhesives are acceptable on flexible, tough, special wear, and weather-resistant bonds.These are mainly used in the automotive industry for resistance to oil, fuel, and grease and in the construction industry because of their high bonding strength. The Silicone Dual Cure Adhesives segment will have a constant growth rate due to resistance to high temperatures and great flexibility with various substrates. Main applications are seen in the electronics industry for excellent insulation, the automotive industry for flexible metallization, and the medical industry for skin-friendliness. This is because of the increasing demand from various industries, technological advancement, and rising awareness about the benefits of dual-cure adhesives.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dual Cure Adhesives Market Chemistry Insights
The chemistry segment of the Dual Cure Adhesives Market is classified into UV Cure Dual Cure Adhesives, Thermal Cure Dual Cure Adhesives, Moisture Cure Dual Cure Adhesives, and Light Cure Dual Cure Adhesives. Among these, UV Cure Dual Cure Adhesives held the largest market share of 35% in 2023 and is expected to register a CAGR of 4.5% during the forecast period. The growth of this segment can be attributed to the increasing demand for UV-curable adhesives in various industries, such as electronics, automotive, and medical devices. The thermal Cure Dual Cure Adhesives segment is expected to witness a steady growth rate of 4.2% during the forecast period, owing to its high-temperature resistance and durability.Moisture Cure Dual Cure Adhesives and Light Cure Dual Cure Adhesives segments are projected to grow at a moderate pace, with CAGRs of 3.8% and 3.5%, respectively, during the forecast period.
Dual Cure Adhesives Market Application Insights
The various applications of Dual Cure Adhesives are boosting the Dual Cure Adhesives Market growth. Out of these applications, the Electronics and Semiconductor segment held the largest revenue share in 2023. This is attributed to the increasing demand for electronic devices such as smartphones, laptops, and tablets, which require adhesives for bonding and assembly. The Glass and Glazing segment is also expected to witness significant growth during the forecast period due to the rising demand for architectural glass and glazing applications.Metal and Plastic Bonding, Medical and Dental, and Automotive and Transportation are other applications that are expected to contribute to the Dual Cure Adhesives Market revenue growth. These adhesives offer excellent bonding strength, durability, and resistance to harsh environments, making them suitable for various applications in these industries.
Dual Cure Adhesives Market Regional Insights
The Dual Cure Adhesives Market revenue in the regional segment is projected to witness substantial growth over the forecast period. North America is anticipated to hold a dominant share of the market, owing to the presence of key players and the high adoption of advanced technologies in the region. Europe is expected to follow North America, driven by increasing demand from the automotive and aerospace industries. APAC is expected to be the fastest-growing region, attributed to the expanding manufacturing sector and increasing urbanization. South America and MEA are expected to contribute significantly to the overall market growth, offering lucrative opportunities for market players.These regions are experiencing a surge in construction and infrastructure development, which is fueling the demand for dual-cure adhesives.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dual Cure Adhesives Market Key Players And Competitive Insights
Major players in the Dual Cure Adhesives Market are focused on expanding their product portfolio and geographical presence through acquisitions and partnerships. The leading Dual Cure Adhesives Market players are investing heavily in research and development to develop innovative products and technologies. The Dual Cure Adhesives Market industry is characterized by intense competition, with major players competing on the basis of price, quality, and innovation. The market is expected to witness significant consolidation in the coming years as smaller players are acquired by larger players. The competitive landscape of the Dual Cure Adhesives Market is expected to remain fragmented, with a large number of small and medium-sized players operating in the market.Henkel AG & Co. KGaA is a leading player in the Dual Cure Adhesives Market, with a strong presence. The company offers a wide range of dual-cure adhesives, including epoxy, acrylic, and polyurethane adhesives. Henkel AG & Co. KGaA has a strong focus on innovation, and the company has invested heavily in research and development to develop new products and technologies. The company has a strong distribution network, and its products are sold through a variety of channels, including industrial distributors, hardware stores, and online retailers.3M Company is another leading player in the Dual Cure Adhesives Market. The company offers a wide range of dual-cure adhesives, including epoxy, acrylic, and polyurethane adhesives. 3M Company has a strong focus on innovation, and the company has invested heavily in research and development to develop new products and technologies. The company has a strong distribution network, and its products are sold through a variety of channels, including industrial distributors, hardware stores, and online retailers.
Key Companies in the Dual Cure Adhesives Market Include
- Permabond Engineering Adhesives Ltd.
- Sika
- Arkema
- Evonik Industries
- ITW Performance Polymers
- Avery Dennison Corporation
- Illinois Tool Works Inc.
- Miwon Specialty Chemical Co., Ltd.
- Dymax Corporation
- Master Bond Inc.
- Henkel AG KGaA
- Henkel
- Solvay
- Huntsman Advanced Materials
- 3M
Dual Cure Adhesives Market Industry Developments
The dual-cure adhesives market is projected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period (2024-2032). Increasing demand for lightweight and durable materials in various end-use industries, including automotive, aerospace, and electronics, is driving market growth. Technological advancements, such as the development of UV-curable adhesives, are further expanding market opportunities. Key players in the market are Henkel, 3M, and Dymax, among others. Recent developments include the launch of new products with enhanced performance and the expansion of production capacities to meet growing demand.
Dual Cure Adhesives Market Segmentation Insights
Dual Cure Adhesives Market Type Outlook
- Acrylic Dual Cure Adhesives
- Epoxy Dual Cure Adhesives
- Polyurethane Dual Cure Adhesives
- Silicone Dual Cure Adhesives
Dual Cure Adhesives Market Chemistry Outlook
- UV Cure Dual Cure Adhesives
- Thermal Cure Dual Cure Adhesives
- Moisture Cure Dual Cure Adhesives
- Light Cure Dual Cure Adhesives
Dual Cure Adhesives Market Application Outlook
- Electronics and Semiconductor
- Glass and Glazing
- Metal and Plastic Bonding
- Medical and Dental
- Automotive and Transportation
Dual Cure Adhesives Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.51(USD Billion) |
| Market Size 2023 |
1.59(USD Billion) |
| Market Size 2032 |
2.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.16% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Permabond Engineering Adhesives Ltd., Sika, Arkema, Evonik Industries, ITW Performance Polymers, Avery Dennison Corporation, Illinois Tool Works Inc., Miwon Specialty Chemical Co., Ltd., Dymax Corporation, Master Bond Inc., Henkel AGÂ Co. KGaA, Henkel, Solvay, Huntsman Advanced Materials,3M |
| Segments Covered |
Type, Chemistry, Application, Regional |
| Key Market Opportunities |
Growing demand for lightweight materials Automotive and transportation sector growth Increasing adoption of electronics Rising healthcare applications Favorable government regulations |
| Key Market Dynamics |
Rising demand for automotive, rising demand from electronics, growing demand from construction, increasing adoption of medical devices, advancements in technology |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The dual-cure adhesives market is expected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period (2024-2032).
Asia-Pacific is expected to dominate the dual-cure adhesives market throughout the forecast period. The growth in this region can be attributed to the increasing demand for lightweight materials in industries like automotive and aerospace.
Dual cure adhesives find extensive applications in various industries, including automotive, aerospace, electronics, construction, and medical devices. They are used for bonding a wide range of materials, including metals, plastics, composites, and glass.
Some of the key competitors in the dual-cure adhesives market include Henkel, 3M, Huntsman, Sika, and Arkema. These companies offer a wide range of dual-cure adhesives to cater to the diverse needs of end-use industries.
The growth of the dual-cure adhesives market is driven by factors such as the increasing demand for lightweight materials, the growing adoption of advanced manufacturing techniques, and the rising demand for high-performance adhesives in various industries.
The dual-cure adhesives market faces challenges such as the availability of low-cost substitutes, the stringent regulatory landscape, and the environmental impact of adhesive materials.
The dual-cure adhesives market presents opportunities for growth in emerging economies, the development of bio-based adhesives, and the increasing adoption of adhesives in new applications.
Key trends in the dual-cure adhesives market include the increasing demand for UV-curable adhesives, the development of adhesives with improved adhesion properties, and the growing adoption of automated adhesive dispensing systems.
The COVID-19 pandemic had a negative impact on the dual-cure adhesives market in the short term. However, the market is expected to recover in the long term as industries such as automotive and aerospace resume operations.
The prospects of the dual-cure adhesives market are positive. The market is expected to grow steadily over the forecast period, driven by the increasing demand for dual-cure adhesives in various industries.
