Structural Adhesives Market Share

Global Structural Adhesives Market Overview

The Structural Adhesives Market Size was valued at USD 21.28 Billion in 2023. The Structural Adhesives industry is projected to grow from USD  22.54 Billion in 2024 to USD 35.33 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.78% during the forecast period (2024 - 2032). Better adhesion is largely used in the automotive sector between distinct substrates like plastics and steel, structural adhesives are used. These adhesives are commonly used in clutch plates, brakes, window glass attachments, doors, and various other parts. The presence of properties like strong bonding and structural integrity enables them to be used in several end-user industries. Moreover, these structural adhesives are available in different types to fulfill the requirement of almost all specifications for rigid joinings such as household appliances, joint cement, automotive assembly, and furniture panels water-based structural adhesives are used.

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Structural Adhesives Market Trends

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  Increasing government spending on public infrastructure and commercial buildings is boost market growth.

  
  

Numerous factors drive the market demand in the Structural Adhesives Market. Increasing demand for composites and lightweight metals in various end-user industries like the furniture sector, building and construction industry, transportation industry, and automotive industry drives the market demand in the global market during the review period. Moreover, expansion in government spending for various commercial buildings and public infrastructure is yet another factor that creates more market demand all across the globe during the forecasted period. 

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Additionally, A rise in demand for Structural Adhesives Market all across the globe. With the growing advancement in technology, consumer preferences and lifestyle is changing very rapidly, and changing trends for interior and furniture design for various commercial and non-commercial buildings create various growth opportunities all across the globe during the forecasted period. Moreover, increasing initiatives taken by governments of various nations regarding smart city projects also provide various growth opportunities during the review period.

Structural Adhesives Market Segment Insights

Structural Adhesives Substrate Insights

The Structural Adhesives Market segmentation, based on Substrate, includes Metal, Composite, Wood, and Plastic. The Metal Substrate segment is generating the highest demand for structural adhesives in the  Structural Adhesives Market and is predicted to remain the highest demand generator of the  Structural Adhesives Market throughout the forecast period. The high demand from metal segments is because metal is highly used in almost every industry like automotive, aviation, aerospace, building and construction, energy, etc.

Structural Adhesives Application Insights

Based on GRADES, the  Structural Adhesives Market segmentation includes Building & Construction, Automotive, Bus & Truck, Aerospace, Wind Energy, Rail, Marine, and Others. The Automotive Applications segment is dominating the  Structural Adhesives Market with the highest market stake and is predicted to grow substantially and dominate the  Structural Adhesives Market throughout the forecast period. This growth of the Automotive application segment is credited to the growing automotive industry all over the world, hence growing the demand for structural adhesives.

Figure 2:  Structural Adhesives Market, by Substrate, 2023 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Structural Adhesives Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Being the fastest-growing region, the largest market share in the structural adhesives market all across the globe is held by the Asia-Pacific region owing to increasing demand coupled with rapid industrialization, especially in the furniture and construction industry drives the market demand in this region. Moreover increasing demand for adhesives in countries like Thailand, India, and China is another driving factor. Easy availability, subsidies, and government tax incentives are some other contributing factors.

Figure 3:  STRUCTURAL ADHESIVES MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The second-largest market share all across the globe is held by the North American region owing to the presence of various countries like the US, Canada, and Mexico which creates growth opportunities in this region. Moreover, increasing government and consumer spending on adhesives in the US drives the market demand in this region.

The third-largest market share in the global market is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover, the increasing presence of countries like Germany, Italy, and France creates more growth opportunities.

Structural Adhesives Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Structural Adhesives market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Structural Adhesives industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Structural Adhesives. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Structural Adhesives industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Structural Adhesives industry to benefit customers and expand the market sector. The Structural Adhesives market has recently given medicine some of the most important advantages. Major Structural Adhesives market players, including Ried B.V. Co., Hubei Huitian Adhesive Enterprise Co., Arkema S.A., Lord Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

Craft is a supplier intelligence company helping organizations accelerate data-informed business decisions. Our unique, proprietary data platform enables supply chain and procurement professionals to discover, evaluate, and monitor suppliers and create stronger supply chain resilience by tracking thousands of real-time signals across millions of companies globally.

Also, Gharda Chemicals is a chemical manufacturer. It offers intermediates, polymers, pigments, plant protection and public health products, dyestuffs, pesticides, and veterinary drugs.

Park Aerospace Corp. plans to launch the AeroadhereTM FAE-350-1 structural film adhesive product in 2023. The new AeroadhereTM FAE-350-1 Structural Film Adhesive Product from Park aircraft Corp. is intended to be used for bonding primary and secondary aircraft structures. Film adhesive Aeroadhere FAE-350-1 is based on an epoxy formulation that cures at 350°F. It is intended for use in bonding applications between composites, metals, and honeycombs as well as between composites and composites.

The new HD Max Construction Adhesive, which DAP unveiled in 2024, is a hybrid compound with polyurethane strength that offers strong adhesion and endurance even in the most extreme conditions. Designed for demanding uses, DAP's HD Max comes in a 28-fl.-oz cartridge.

Key Companies in the Structural Adhesives market include

• Ried B.V. Co.


• Hubei Huitian Adhesive Enterprise Co.


• Arkema S.A.


• Scott Bader Company


• Lord Corporation


• Henkel AG & Co.


• SIKA AG


• Ashland Inc.


• The Dow Chemical Company


• 3M Company

Structural Adhesives Industry Developments

October 2021, 3M has announced the launch of its next generation of the 3M Scotch-Weld Structural Acrylic Adhesives portfolio that includes the following products: 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series. Structural acrylic adhesives are capable of rapidly using limited surface preparation and connecting to a wide range of substrates at the same time offering high-impact and high-temperature resistance. The company’s product portfolio provides advanced designs, which notably lessen present assembly challenges and are designed particularly to enable greater design flexibility.

June 2021, A worldwide prominent player in structural adhesives and surface treatments for the aircraft OEM and maintenance, repair, and operations (MRO) industries, Henkel Adhesive Technologies lately built Loctite EA 9365FST, a new two-part epoxy adhesive, which bonds and reinforces thermoplastic and thermoset substrates and capable of serving as matrix resin on fiberglass to bolster the thin walls of thermoplastic assemblies. Built to be used in aircraft interiors, the halogen and antimony-free adhesive is known to fulfill smoke density and toxicity (FST) and industry fire retardancy requirements are REACH- and EH&S-compliant globally and is qualified to be Boeing (Chicago, Ill., U.S.) process specification BAC 5568.

Structural Adhesives Market Segmentation

Structural Adhesives Substrate Outlook

• Metal


• Composite


• Wood


• Plastic

Structural Adhesives Application Outlook

• Building & Construction


• Automotive


• Bus & Truck


• Aerospace

Structural Adhesives Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America