Structural Adhesives Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Structural adhesives are substances that can solidify on the substrate and hold two surfaces that are similar or dissimilar together through surface contact. Although these adhesives are susceptible to stress, vibration, and temperature changes, they can endure forces for extended periods of time and still retain the bonded surfaces securely. In addition, these adhesives are used to join a variety of substrate materials, including ceramics, metal, wood, composites, and plastics. Also, materials such as methacrylates, polyurethane, cyanoacrylate, epoxy, UV curable, and others are used to formulate structural adhesives. Furthermore, global players are launching new trends of structural adhesives to use in various industries. For instance, in March 2022, Conagen launched bio-based debondable hot melt adhesives solutions to avoid waste and save costs in manufacturing.

The Structural Adhesive Market is expected to grow at a steady rate of around 6% owing to the increasing trend for lightweight & low-carbon emitting vehicles coupled with the growing adoption of adhesives in the building & construction sector. Major companies in the market offer structural adhesives for multiple industrial applications with technologically advanced features. For instance, in Oct 2021, 3M announced the Next Generation Of 3M Scotch-Weld Structural Acrylic Adhesives. These include products such as 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31065

According to UnivDatos Market Insights (UMI)’ research report “Global Structural Adhesives Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing demand for adhesives in building & construction coupled with the rising adoption of wind energy. For instance, in Sep 2021, Evonik launched Ancamide, a curing agent with extended gel time for structural epoxy adhesives that met future challenges in wind turbine blade production.

Based on resin type, the market is segmented into epoxy, polyurethane, acrylic, cyanoacrylate, methyl methacrylate, and others. The epoxy resin type category is likely to witness the highest CAGR during the forecast period owing to its properties such as resistance to high temperatures, high shear strength, high bonding strength, and better solvent properties. In addition, these are vibrant resistant which is used in aluminum structures. Thus, these properties of epoxy resin are increasing its demand in various industries such as automotive, healthcare, aerospace, and others which is driving the growth of the market.

Based on the technology, the market is categorized into water-based, solvent-based, and others. Among these, water-based adhesives hold a significant share of the market in 2020. This is mainly due to the advantages of having high bonding applications in the leather, wood, and textiles industries. Additionally, they are also used because they are eco-friendly and economically viable. Furthermore, water-based structural adhesives have also been witnessing the highest adoption from the automotive sector such as assembling vehicle parts, mechanical fastening, or fixings. Thus, water-based adhesives offer better control capability and performance in various industries.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31065

Based on application, the structural adhesive market has been classified into automotive, building & construction, electrical & electronics, energy, and others. The automotive category is to witness the demand for structural adhesive during the forecast period. This is mainly because it helps in enhancing the crashworthiness of cars and other passenger vehicles as they are bonded with epoxy-based structural adhesives that help in absorbing high-impact energy at different varying temperatures. Additionally, many major players are also working on using adhesives for more use in the automotive industry. For instance, DuPont built new adhesives manufacturing facility in East China to serve customers in the transportation industry, primarily in support of two industry megatrends, vehicle electrification applications, and lightweight.

APAC to witness extensive growth

For a better understanding of the market adoption of the structural adhesive industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to hold a significant share of the market during the forecast period. This is mainly due to the rising demand for heavy lifting equipment brought on by the expansion of the construction sectors in the region. Additionally, the need for structural adhesives is propelled by remodeling projects, increasing industrial and infrastructural expansions, and other factors that are increasing the market's growth. Moreover, the constant development in technology which is leading to the designing and construction of new vehicles, or any construction sites is accelerating the growth of the market within the region. Also, major players in the market continue to invest in the development of new types of adhesives in the market. For instance, Bostik launched a new, innovative water-based adhesive Aquagrip 3720 for automotive interior assembly applications.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the structural adhesive market are Henkel AG & Co. KGaA, DuPont de Nemours Inc., 3M, Sika AG, Uniseal Inc., H. B. Fuller Company, Lord Corporation, Arkema, The Dow Chemical Company, Scott Bader Co.

“Global Structural Adhesive Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Resin Type (Epoxy, Polyurethane, Acrylic, Cyanoacrylate, Methyl Methacrylate, and Others)

2.      By Technology (Water-Based, Solvent-Based, and Others)

3.      By Application (Automotive, Building & Construction, Electrical & Electronics, Energy, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Henkel AG & Co. KGaA, DuPont de Nemours Inc., 3M, Sika AG, Uniseal Inc., H. B. Fuller Company, Lord Corporation, Arkema, The Dow Chemical Company, Scott Bader Co.)

Key questions answered in the study:

1.      What are the current and future trends of the global structural adhesives industry?

2.      How the industry has been evolving in terms of resin type, technology, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global structural adhesives industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global structural adhesive’s suppliers across various region and countries?