Global Moisture-curing Adhesive Market Overview
The Moisture-curing Adhesive Market Size was estimated at 2.39 (USD Billion) in 2022.The Moisture-curing Adhesive Industry is expected to grow from 2.5(USD Billion) in 2023 to 3.7 (USD Billion) by 2032. The Moisture-curing Adhesive Market CAGR (growth rate) is expected to be around 4.45% during the forecast period (2024 - 2032).
Key Moisture-curing Adhesive Market Trends Highlighted
Key drivers of the moisture-curing adhesive market include increasing demand from the construction, automotive and packaging industries. The construction, automotive and packaging industries have a need for structural bonding products, for which adhesives play a vital role. Among them, moisture-curing adhesives ensure good performance and durability. Furthermore, the growing concern for the environment holds the potential to increase the usage of the low volatile organic compound (VOC) emission adhesives, which make moisture-curing adhesives the preferable alternative due to their application in water.Opportunities in the moisture-curing adhesive market lie in the offering of new products, which will have more advanced features than what is currently in the market. Enhanced adhesion and flexibility, and resistance to unfriendly conditions are some of the attributes that are offered. Furthermore, additional areas such as electronics, medical devices, and aerospace are expected to provide opportunities for growth. The market is further at an advantage over its competitors because of the increasing level of automation in production.Another recent trend is the development of moisture-curing adhesives that are more sustainable with factors such as biodegradability or renewable resources. Self-healing adhesives are beginning to be widely accepted within the construction sector due to improvements in durability and service life. Additionally, the increasing focus on the principles of the circular economy is increasing the moisture-curing adhesives demand for assisting the reuse and recycling of materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Moisture-curing Adhesive Market Drivers
Rising Demand for High-Performance Adhesives in Automotive and Aerospace Industries
The increasing demand for lightweight and durable materials, coupled with the need for efficient bonding solutions, is driving the growth of the Moisture-curing Adhesive Market Industry. Moisture-curing adhesives offer exceptional bonding strength, flexibility, and resistance to harsh environmental conditions, making them ideal for applications in the automotive and aerospace industries. The growing production of advanced composites and lightweight materials in these industries is further fueling the demand for moisture-curing adhesives, contributing significantly to the overall market growth.
Advancements in Construction Technologies and Building Materials
The construction industry is witnessing a surge in the adoption of moisture-curing adhesives due to their versatility and ability to bond a wide range of materials. These adhesives offer superior adhesion to various substrates, including concrete, metal, wood, and glass, making them suitable for both interior and exterior applications. The growing emphasis on sustainable building practices and the need for energy-efficient structures is driving the demand for high-performance adhesives that can withstand extreme temperatures and environmental stresses, further propelling the growth of the Moisture-curing Adhesive Market Industry.
Increasing Focus on Electronics Assembly and Packaging
The electronics industry is experiencing a growing demand for moisture-curing adhesives due to their ability to provide reliable and durable bonding in electronic devices and assemblies. These adhesives offer excellent electrical insulation properties, resistance to thermal cycling, and the ability to bond dissimilar materials commonly used in electronic components. The increasing miniaturization of electronic devices and the need for high-performance adhesives to ensure device reliability and longevity are key factors driving the growth of the Moisture-curing Adhesive Market Industry in this sector.
Moisture-curing Adhesive Market Segment Insights
Moisture-curing Adhesive Market Base Resin Insights
The Moisture-curing Adhesive market is segmented by base resin into polyurethane, polyisocyanate, epoxy, and silicone. Among these, the polyurethane segment is expected to hold the largest market share during the forecast period, owing to its high strength, durability, and resistance to moisture and chemicals. The market growth is attributed to the increasing demand for high-performance adhesives in various industries, including automotive, construction, and electronics. The Moisture-curing Adhesive market is highly competitive, with a number of and regional players.Some of the key players in the market include 3M, Henkel, and Sika. These companies are investing in research and development to develop new and innovative products that meet the evolving needs of customers. Overall, the outlook for the Moisture-curing Adhesive market is positive. The market is expected to continue to grow in the coming years, driven by the increasing demand for high-performance adhesives in various industries.Â
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Moisture-curing Adhesive Market Technology Insights
The Moisture-curing Adhesive Market is segmented by technology into one-component, two-component, solvent-based, and solventless. The one-component segment is expected to hold the largest market share in 2023, owing to its ease of use and low cost. The two-component segment is expected to grow at the highest CAGR during the forecast period due to its superior performance properties. The solvent-based segment is expected to account for a significant share of the market in 2023, but its growth is expected to slow down in the coming years due to environmental concerns.The solventless segment is expected to grow at a steady pace during the forecast period due to its low VOC content and environmental friendliness.
Moisture-curing Adhesive Market End-Use Industry Insights
The Moisture-curing Adhesive Market segmentation by End-Use Industry comprises key segments such as Building and Construction, Automotive, Electronics, and Aerospace. The Building and Construction segment held a significant share in the Moisture-curing Adhesive Market in 2023, owing to the increasing demand for moisture-resistant adhesives in construction activities, particularly in infrastructure development and residential and commercial buildings. The Automotive segment is also expected to witness substantial growth due to the rising production of vehicles and the growing adoption of lightweight materials, which require high-performance adhesives.The Electronics segment is projected to grow at a steady pace, driven by the increasing demand for moisture-resistant adhesives in electronic devices, such as smartphones, laptops, and wearable devices. The Aerospace segment is anticipated to experience growth owing to the increasing use of moisture-resistant adhesives in aircraft components and assemblies.
Moisture-curing Adhesive Market Regional Insights
The regional segmentation of the Moisture-curing Adhesive Market offers insights into the market's geographical distribution and performance. North America is anticipated to dominate the market, accounting for a substantial share of the Moisture-curing Adhesive Market revenue in 2023. The region's dominance can be attributed to the presence of well-established construction and manufacturing industries, along with a growing demand for high-performance adhesives. Europe follows closely behind, driven by stringent environmental regulations and a focus on sustainable construction practices.The Asia-Pacific (APAC) region is projected to witness significant growth, owing to rapid urbanization and industrialization in emerging economies like China and India. South America and the Middle East and Africa (MEA) are expected to contribute a smaller yet steadily growing share to the Moisture-curing Adhesive Market, as these regions continue to invest in infrastructure and construction projects.Â
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Moisture-curing Adhesive Market Key Players And Competitive Insights
Major players in the Moisture-curing Adhesive Market industry are constantly striving to gain a competitive edge by focusing on product development, innovation, and strategic partnerships. Leading Moisture-curing Adhesive Market players are investing heavily in research and development to create new and improved products that meet the evolving needs of customers. They are also exploring new markets and applications for their products to expand their customer base and revenue streams. The Moisture-curing Adhesive Market Competitive Landscape is characterized by a mix of established players and emerging companies. Mergers, acquisitions, and strategic partnerships are common in the industry as companies seek to strengthen their position in the market.Henkel AG & Co. KGaA, a leading player in the Moisture-curing Adhesive Market, is committed to providing innovative and sustainable solutions for its customers. The company offers a wide range of moisture-curing adhesives, including polyurethane hot melt adhesives, pressure-sensitive adhesives, and epoxy adhesives. Henkel AG & Co. KGaA focuses on developing adhesives that meet the specific requirements of various industries, including automotive, packaging, and electronics. The company's strong brand recognition and presence provide a competitive edge in the Moisture-curing Adhesive Market.3M Company, another major player in the Moisture-curing Adhesive Market, has a long history of innovation and leadership in the industry. The company offers a wide portfolio of moisture-curing adhesives, including acrylic adhesives, epoxy adhesives, and polyurethane adhesives. 3M Company is known for its research and development capabilities, which allow it to create innovative products that meet the changing needs of customers. The company's reach and strong brand reputation contribute to its competitive advantage.
Key Companies in the Moisture-curing Adhesive Market Include
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Arkema
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RPM International
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Dow
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LORD Corporation
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Henkel
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Franklin International
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Bostik
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3M
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BASF
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Huntsman
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Ashland
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H.B. Fuller
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Sika
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Avery Dennison
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Illinois Tool Works
Moisture-curing Adhesive Market Industry Developments
The moisture-curing adhesive market is projected to reach USD 3.7 billion by 2032, exhibiting a CAGR of 4.45% during the forecast period (2024-2032). Rising demand for moisture-curing adhesives in various end-use industries, such as construction, automotive, and packaging, is driving market growth.Recent developments in the market include the launch of new products with improved performance and sustainability. For instance, in 2023, Henkel introduced a new range of moisture-curing adhesives that offer enhanced durability and resistance to harsh environmental conditions.Strategic partnerships and acquisitions are also shaping the market landscape. In 2022, Dow and Sika announced a collaboration to develop and market innovative moisture-curing adhesive solutions for the construction industry. Additionally, the growing adoption of moisture-curing adhesives in emerging economies, such as China and India, is expected to contribute to market expansion in the coming years.
Moisture-curing Adhesive Market Segmentation Insights
Moisture-curing Adhesive Market Base Resin Outlook
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Polyurethane
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Polyisocyanate
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Epoxy
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Silicone
Moisture-curing Adhesive Market Technology Outlook
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One-Component
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Two-Component
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Solvent-Based
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Solventless
Moisture-curing Adhesive Market End-Use Industry Outlook
Moisture-curing Adhesive Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Report Attribute/Metric
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Details
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Market Size 2022
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2.39(USD Billion)
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Market Size 2023
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2.5(USD Billion)
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Market Size 2032
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3.7(USD Billion)
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Compound Annual Growth Rate (CAGR)
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4.45% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Arkema, RPM International, Dow, LORD Corporation, Henkel, Franklin International, Bostik, 3M, BASF, Huntsman, Ashland, H.B. Fuller, Sika, Avery Dennison, Illinois Tool Works
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Segments Covered
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Base Resin, Technology, End-Use Industry, Regional
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Key Market Opportunities
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Growing electronics industry Increasing use in construction Rising automotive production Renewable energy applications Expanding packaging sector.
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Key Market Dynamics
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Increasing demand for lightweight vehicles Rising infrastructure development Growing adoption in electronics Expanding applications in packaging Advancements in technology
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Moisture-curing Adhesive Market is expected to be valued at 2.5 Billion USD in 2023.
The Moisture-curing Adhesive Market is expected to grow at a CAGR of 4.45% from 2024 to 2032.
North America is expected to hold the largest market share in the Moisture-curing Adhesive Market in 2023.
The automotive industry is expected to drive the growth of the Moisture-curing Adhesive Market.
Henkel, 3M, Avery Dennison, Arkema, and H.B. Fuller are the key competitors in the Moisture-curing Adhesive Market.
The challenges faced by the Moisture-curing Adhesive Market include environmental regulations and the availability of substitutes.
The opportunities for the Moisture-curing Adhesive Market include the growing demand from emerging economies and the development of new technologies.
The Moisture-curing Adhesive Market is expected to reach a market size of 3.7 Billion USD by 2032.
The key trends in the Moisture-curing Adhesive Market include the increasing adoption of lightweight materials and the growing demand for sustainable products.
The factors driving the growth of the Moisture-curing Adhesive Market include the increasing demand for high-performance adhesives and the growing adoption of automation in manufacturing processes.