Structural Adhesives Market by Technology (Solvent-Based, Water-Based), Resin (Epoxy, Polyurethane, Acrylic, MMA, Cyanoacrylate), Application (Building & Construction, Automotive, Wind Energy, Aerospace), and Region - Global Forecast to 2024
Updated on : March 09, 2023
Structural Adhesives Market
The global structural adhesives market was valued at USD 14.0 billion in 2019 and is projected to reach USD 19.4 billion by 2024, growing at a cagr 6.1% from 2019 to 2024. Structural adhesives provide excellent mechanical performance while enabling weight reduction. They offer high strength, load-bearing capability, durability, and resistance against impact, heat, fatigue, and solvents. They also offer advantages such as cleaner lines with no protruding nails, rivets, or weld marks in the body of automotive, including cars, buses, and trucks. All structural adhesives provide at least 1,000 psi of overlap shear strength to the substrate. These adhesives can be used to bond a wide variety of substrates such as steel, aluminum, copper, plastics, rubber, glass, wood, and masonry.
The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives, in the wind energy, marine, building & construction, and automotive applications. Increasing penetration of composites, increasing demand for non-hazardous, green, and sustainable structural adhesives, and demand for lightweight and low carbon-emitting vehicles and aircraft are expected to increase the demand for structural adhesives in the next five years.
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Epoxy resin adhesive to lead the overall structural adhesives market during the forecast period
Epoxy is the most widely used structural adhesive because it has the ability to adhere to many types of materials, has high strength, less emission of Volatile Organic Compound (VOC) during the curing process, and has the ability to sustain heavy load. They are available in both one and two-component form.
Epoxy structural adhesives are used in aerospace, buses & trucks, and railways for bonding various substrates like ceramics, metal, wood, concrete, composites, and rubber. Epoxy structural adhesives provide high strength along with mechanical, thermal, and electrical properties. There has been an increase in the demand for high-performance epoxy resin adhesive in North America, especially for automotive, aerospace, industrial maintenance, and concrete coatings applications.
Wind energy to register the highest CAGR during the forecast period
The wind energy segment is projected to register the highest CAGR during the forecast period by 2024. This growth is attributed to the increasing demand for a renewable source of energy. The increased usage of adhesives in wind turbine blades for bonding components, including rotor blades of wind turbines, is driving the growth of the structural adhesives market.
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APAC structural adhesives market to lead in both size and CAGR during the forecast period
APAC is the largest and fastest-growing market for structural adhesives. China is a major consumer in the region. Rapid industrialization, shift in the manufacturing bases of end-use industries, and an increase in the number of applications of structural adhesives are some of the major drivers of the market in APAC.
North America to register the second highest CAGR in the structural adhesives market
North America and the European markets are mature; however, the technological development of high growth applications, including sporting goods and medical applications, in the regions is expected to drive the market at a considerably high rate during the forecast period.
Structural Adhesive Market Dynamics
Driver:High demand for adhesives in building & construction and wind energy applications
The emerging middle-class population, changing lifestyle, and improving the standard of living in China, India, and Mexico is leading to increasing demand for high-quality products.
New applications such as carpet adhesives, tiling adhesives, wallpapers, and exterior insulation system in the construction industry are driving the demand for structural adhesives in the construction sector. The major applications of construction adhesives are floor systems, interior wallboard, and panels. Use of these adhesives offers wall exteriors free from marks caused by nail or screw heads. Construction adhesives are used to hold curtain wall panels and insulating glass units in place. Increasing demand for permanent, non-slum houses across India and other developing countries such as Brazil, China, Indonesia, and Vietnam is primarily driven by the growth in population, urbanization, and increasing income in these countries.
Restraint: Different characteristic limitations of various adhesives
All structural adhesives have different characteristics and mechanical properties. Epoxies are used in rigid bonding with very high shear strength; polyurethane is used in slightly flexible bonding with high strength, and acrylic is used in rigid to slightly flexible bonding with high impact & fatigue resistance. Each type of adhesive has some limitations in its property. So, the selection of adhesives depends on the type of application. The type of adhesives to be used depends on the type of substrate to be bonded, the strength required, environmental conditions, and others. For instance, in the aerospace industry, materials that are to be used in fabricating aircraft have to pass stringent and lengthy certification procedures, and they require a higher grade of adhesives which must be heat resistant, tough, moisture-resistant, sustain in harsh environmental condition, and so on. Hence, the limitations associated with each adhesive restrict the use of a specific adhesive in different applications.
Opportunity:Increasing demand for non-hazardous, green, and sustainable structural adhesives
Owing to the rising demand for eco-friendly or green products in various applications, the demand for green adhesives or those with low VOC is increasing. Stringent regulations by the USEPA (United States Environmental Protection Association), Europe’s REACH (Registration, Evaluation, Authorization, and Restrictions of Chemicals), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have forced manufacturers to make eco-friendly adhesives with low VOC levels. In light of this regulatory policies, there is a growing trend in the global structural adhesives market for environment-friendly or green buildings, which provides an opportunity for the development of green and sustainable adhesive solutions. Such green adhesive solutions are made from renewable, recycled, remanufactured, or biodegradable materials health- and environment-friendly.
Challenge: Limited market opportunities in developed countries
Developed countries such as the US, Germany, the UK, Japan, and other Western European countries have a well-established infrastructure for the public, commercial, and transport sectors. The developed infrastructure in these countries signifies low prospects for new construction activities as civil structures are built to last a lifetime. Manufacturers need to come up with innovative products to capture newer markets such as medical, agricultural, healthcare, and food packaging sectors. Hence, sustaining and expanding business is a major challenge for manufacturers in the matured markets.
Structural Adhesive Market Report Scope
|
Report Metric |
Details |
|
Market size available for years |
2017-2024 |
|
Historical year considered |
2017 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2024 |
|
Forecast units |
USD million and kiloton |
|
Segments covered |
Substrate, Technology, Resin Type, Application, and Region |
|
Geographies covered |
North America, APAC, Europe, Middle East & Africa, and South America |
|
Companies covered |
Henkel (Germany), Huntsman (US), 3M (US), H.B. Fuller (US), Sika (Switzerland), Illinois Tool Works (US) DuPont (US), Bostik (An Arkema Company) (France), Ashland (US), LORD Corporation (US), MAPEI (Italy), Hubei Huitian New Materials Co., Ltd. (China), Scott Bader (UK), Permabond (UK), SCIGRIP (US), L&L Products (US), Master Bond (US), Parson Adhesives (US), DELO (Germany), Dymax (US), Hernon Manufacturing (US), WEICON (Germany), Panacol-Elosol (Germany), UniSeal (US), Riëd B.V (Netherlands) |
This research report categorizes the structural adhesives market-based Substrate, Technology, Resin Type, and Application and region.
Based on the Substrate:
- Metal
- Composite
- Wood
- Plastic
- Others (leather, glass, ceramic, concrete)
Based on Technology:
- Solvent-based
- Water-based
- Others (reactive hot melt, energy cured, and PSAs)
Based on Resin type:
- Epoxy
- Polyurethane
- Acrylic
- Methyl Methacrylate
- Cyanoacrylate
- Others (bismaleimide (BMI), phenolic, polyimide, and silicone)
Based on Application:
- Building & Construction
- Automotive
- Bus & Truck
- Aerospace
- Wind Energy
- Rail
- Marine
- Others (agricultural machinery, sports equipment, and medical devices)
Based on the Region:
-
North America
- US
- Canada
- Mexico
-
APAC
- China
- South Korea
- India
- Japan
- Indonesia
- Vietnam
- Taiwan
- Rest of APAC
-
Europe
- Germany
- France
- UK
- Italy
- Russia
- Turkey
- Rest of Europe
-
Middle East & Africa
- Saudi Arabia
- Rest of the Middle East and Africa
-
South America
- Brazil
- Argentina
- Rest of South America
Structural Adhesive Market Players
Henkel (Germany), Sika AG (Switzerland), 3M (US), Arkema (Bostik) (US), Huntsman (US)
Recent Developments
- In Dec-18, Henkel completed the acquisition of all shares in Aislantes Nacionales S.A., Santiago, Chile. Following this acquisition, Henkel is now active in the attractive Chilean market for tile adhesives and building materials, where it occupies a strong position.
- In Jun-18, Lord Corporation disclosed plans to invest USD80 million to expand and upgrade operations at its 250,000-sq.-ft. plant in Saegertown. Lord will add 75,000 square feet to the building during the next five years, which sits on a 67-acre plot and employs 235. The site produces acrylic, urethane, and epoxy adhesives as well as its Chemlok-branded rubber-to-substrate bonding adhesives.
- In Nov-17, H.B. Fuller opened its new “Automotive Competency Center” in Mannheim, Germany. This center expands H.B. Fuller’s capability to develop and manufacture hot melt, water-based, solvent-based, reactive, and film adhesive technologies for various automotive trim, structural, lighting, electronics, and electric vehicle and battery applications. New application machinery, testing equipment, laboratory capabilities, and space facilitates expanded customer engagement in innovation including concept, prototyping, and final design.
- In Sep-16, Sika opened a new factory for adhesives and acoustic products in Brazil. This expansion helped the company to tap into the potential of the automotive sector in Latin America by providing stronger, safer, and low noise vehicles.
- In Nov-14, Permabond launched two new modified epoxy-based adhesive products, MT382, and MT3821. These are useful for bonding various substrates including nylon, ABS, polycarbonate, and various metals in different applications.
Critical Questions the Report Answers:
- What are the upcoming trends in the structural adhesives market? What impact would they make post-2020?
- Who are the major players in the structural adhesive market?
- What are the major factors influencing the growth of the market?
- Who are the key players operating in the market, and what are the factors contributing to their domination over other players?
Frequently Asked Questions (FAQ):
How big is the structural adhesives market industry?
The structural adhesives market is projected to reach USD 19.4 billion by 2024, At a CAGR of 6.8%.
Who leading market players in structural adhesives market industry?
The key companies profiled in this structural adhesives market are the Henkel (Germany), Huntsman (US), 3M (US), H.B. Fuller (US), Sika (Switzerland), Illinois Tool Works (US).
What are the factors Influencing the growth of structural adhesives?
The major driver of the structural adhesives market is the increasing demand for lightweight, energy-efficient, and high-performance vehicles. To increase fuel efficiency, these vehicles use advanced materials and lightweight materials such as aluminum, fiber-reinforced materials, and magnesium alloys, thereby replacing cast iron and traditional steel. This is increasing the use of adhesives for structural bonding in automobiles. These adhesives are also increasingly used in aircraft, boats, and wind blades. Wind energy is a source of clean, renewable alternative for power generation. The wind energy sector is increasing year-on-year due to growing concern about carbon emission associated with traditional power generation systems.
Why structural adhesives are gaining market share?
Structural adhesives improve the aesthetic appeal of end products as bolts, rivets, and welds are not required to be used, and thus making these viable for numerous applications, such as building & construction, bus & truck, automotive, marine, wind energy, rail, and aerospace, among others.
What are the major end-use industry for structural adhesives?
Building & Construction, Automotive, Wind Energy, Aerospace are the major end-use industry for structural adhesives market.
Which end-use industry is estimated to register the highest CAGR?
The wind energy segment in the structural adhesives market is projected to grow at the highest CAGR during the forecast period, 2019 to 2024. The wind energy segment is expected to grow at a higher rate due to the increasing demand for renewable and green energy.
Which resin type accounts for major share of the overall structural adhesives?
The cyanoacrylate resin-based adhesives account the largest share of the overall structural adhesives market during the forecast period. The cyanoacrylate segment is expected to grow at a higher rate due to its superior properties, as it overcomes limitations in curing time by providing instant curing at room temperature to form rigid thermoplastics having excellent adhesion to most substrates.
Which substrate type accounts the largest share in the structural adhesives market?
The metal substrate type accounts for the largest share in the structural adhesive market.
Who are the major manufacturers?
The key players operating in the structural adhesives market include Henkel (Germany), Huntsman (US), 3M (US), H.B. Fuller (US), Sika (Switzerland), Illinois Tool Works (US).
What is the biggest restraint for structural adhesives?
Stringent environmental regulations in North American and European countries, and different characteristic limitations of various adhesives are the major restraints in the structural adhesives market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 21)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 25)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 34)
4 Premium Insights (Page No. - 39)
4.1 Attractive Opportunities in the Structural Adhesives Market
4.2 Structural Adhesive Market Growth, By Resin Type
4.3 APAC Structural Adhesives Market Share, By Application and Country
4.4 Structural Adhesive Market, By Major Countries
4.5 Structural Adhesives Market: Developed vs. Developing Countries
4.6 Structural Adhesive Market: Growing Demand From APAC
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Trend for Lightweight and Low Carbon-Emitting Vehicles
5.2.1.2 Increasing Demand for Structural Adhesives in Aerospace Industry
5.2.1.3 High Demand for Adhesives in Building & Construction and Wind Energy Applications
5.2.2 Restraints
5.2.2.1 Stringent Environmental Regulations in North American and European Countries
5.2.2.2 Different Characteristic Limitations of Various Adhesives
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Non-Hazardous, Green, and Sustainable Structural Adhesives
5.2.4 Challenges
5.2.4.1 Limited Market Opportunities in Developed Countries
5.2.4.2 Changing Regulatory Policies and Standards
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Trends and Forecast of GDP
5.4.2 Trends in Construction Industry
5.4.3 Trends in Automotive Industry
5.4.4 Trends and Forecast in Aerospace Industry
5.4.5 Trends and Forecast in Wind Energy Industry
6 Structural Adhesives Market, By Substrate (Page No. - 55)
6.1 Introduction
6.2 Metals
6.2.1 Metal Bonding Adhesives are Gaining Momentum Due to Uniform Distribution of Adhesives
6.3 Plastics
6.3.1 Plastics Can Be Reliably Fastened to A Wide Variety of Other Substrates Using an Engineered Adhesive Solution
6.4 Wood
6.4.1 Bonding of Woods Evenly Distributes the Weight and Makes the Structure Lighter
6.5 Composites
6.5.1 Composite Bonding Adhesives are in High Demand Due to their Strong Bonding and High Chemical & Heat Resistance
6.6 Others
7 Structural Adhesive Market, By Resin (Page No. - 60)
7.1 Introduction
7.2 Epoxy
7.2.1 Epoxy-Based Structural Adhesives are the Most Commonly Used Adhesives in Industrial, Automotive, Construction, and Aerospace Applications
7.3 Polyurethane (PU)
7.3.1 Pu-Based Structural Adhesives are Used Extensively in Automotive & Transportation Applications Because of their Versatility and High Strength
7.4 Acrylic
7.4.1 Acrylic-Based Structural Adhesives Can Easily Join Or Bond Dissimilar Substrates
7.5 Methyl Methacrylate (MMA)
7.5.1 Mma-Based Structural Adhesives Have the Ability to Bond With A Variety of Dissimilar Substrates By Improving the Functionality of Adhesives
7.6 Cyanoacrylate
7.6.1 Cyanoacrylate-Based Structural Adhesives Offer Excellent Adhesion With Many Substrates
7.7 Others
8 Structural Adhesives Market, By Technology (Page No. - 70)
8.1 Introduction
8.2 Solvent-Based & Reactive
8.2.1 The Solvent-Based & Reactive Technology Accounts for More Than Half of the Total Market Size, in Terms of Both Value and Volume
8.3 Water-Based
8.3.1 Water-Based Adhesives are Completely Solvent-Free and Have Low Vocs
8.4 Others
9 Structural Adhesives Market, By Application (Page No. - 76)
9.1 Introduction
9.2 Building & Construction
9.2.1 Strength, Excellent Quality of Finish, Improved Tensile Strength, Aesthetics, Improved Productivity, and Reduced Manufacturing Costs Offered By Structural Adhesives, Make them Useful in This Application Segment
9.3 Bus & Truck
9.3.1 The Use of Structural Adhesives Render Outstanding Durability, Aesthetic Appeal, and Safety to the Toughest Commercial Bus Designs and Heavy-Duty Trucks
9.4 Automotive
9.4.1 The Use of Structural Adhesives Helps in Lightweighting and Higher Impact Resistance of Vehicles
9.5 Aerospace
9.5.1 Increasing Air Traffic is Leading to the Higher Demand for Structural Adhesives in Aerospace Applications
9.6 Wind Energy
9.6.1 Increasing Focus on Green Energy Sources is Expected to Drive the Demand
9.7 Marine
9.7.1 Increasing Use of Plastic and Composites in Fabricating Boats is Boosting the Demand
9.8 Rail
9.8.1 The Growing Demand for High Speed and Lightweight Structures is Contributing to the Growth of the Market in This Application
9.9 Other Applications
10 Structural Adhesives Market, By Region (Page No. - 90)
10.1 Introduction
10.2 APAC
10.2.1 Structural Adhesives Market, By Technology
10.2.2 Structural Adhesive Market, By Resin
10.2.3 Structural Adhesives Market, By Application
10.2.4 China
10.2.4.1 China Accounted for the Largest Share of the Structural Adhesive Market in APAC
10.2.5 Japan
10.2.5.1 Japan Witnessing A Decline in Growth Due to the Maturity of the Adhesives Market
10.2.6 India
10.2.6.1 India is the Fastest-Growing Structural Adhesives Market in APAC and Globally
10.2.7 South Korea
10.2.7.1 Aerospace Industry is Expected to Lead the Structural Adhesive Market in South Korea
10.2.8 Indonesia
10.2.8.1 Indonesia is Witnessing Steady Growth, Which is Driven By Domestic Consumption and Improved Infrastructural Investments
10.2.9 Taiwan
10.2.9.1 High Investments in the Transportation Will Drive the Structural Adhesives Market in Taiwan
10.2.10 Thailand
10.2.10.1 Rapid Industrialization and Increasing Consumer Spending are Expected to Boost the Demand for Structural Adhesives
10.2.11 Vietnam
10.2.11.1 Increasing Supply for the Parts of Cabins and Storage Cabins Will Boost the Structural Adhesive Market in Vietnam
10.2.12 Rest of APAC
10.3 North America
10.3.1 Structural Adhesives Market, By Resin
10.3.2 Structural Adhesive Market, By Application
10.3.3 US
10.3.3.1 Aerospace Industry Highly Dominates the US Structural Adhesives Market
10.3.4 Canada
10.3.4.1 Bus & Truck is A Major Application of Structural Adhesives
10.3.5 Mexico
10.3.5.1 The Wind Energy Sector is Expected to Be the Fastest-Growing Application Segment of the Structural Adhesives Market
10.4 Europe
10.4.1 Structural Adhesives Market, By Resin
10.4.2 Structural Adhesive Market, By Application
10.4.3 Germany
10.4.3.1 Manufacturing and Construction Industry Will Continue to Drive the Structural Adhesives Market
10.4.4 France
10.4.4.1 The Fast Growth of the Automotive Industry is Expected to Drive the Demand for Structural Adhesives
10.4.5 Italy
10.4.5.1 The Growth in the Wind Energy Sector is Expected to Increase the Demand for Structural Adhesives
10.4.6 UK
10.4.6.1 Aerospace is One of the Major Applications of Structural Adhesives in the UK
10.4.7 Russia
10.4.7.1 Russia Was One of the Fastest-Growing Markets in the Region for Many Years
10.4.8 Turkey
10.4.8.1 Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe, Owing to the Current Economic Situation
10.4.8.2 Rest of Europe
10.5 South America
10.5.1 Structural Adhesives Market, By Resin
10.5.2 Structural Adhesive Market, By Application
10.5.3 Brazil
10.5.3.1 Brazil Accounted for the Largest Share of the South American Structural Adhesives Market
10.5.4 Argentina
10.5.4.1 The High Dependence on Imports is Restraining the Market Growth
10.5.5 Rest of South America
10.6 Middle East & Africa
10.6.1 Structural Adhesives Market, By Resin
10.6.2 Structural Adhesive Market, By Application
10.6.3 Saudi Arabia
10.6.3.1 Automotive Industry to Dominate the Structural Adhesives Market
10.6.4 Africa
10.6.4.1 Limited Applications of Structural Adhesives to Pose A Challenge to the Growth of the Market
10.6.5 Rest of Middle East & Africa
11 Competitive Landscape (Page No. - 135)
11.1 Overview
11.2 Competitive Leadership Mapping, 2018
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.3 Competitive Benchmarking
11.3.1 Strength of Product Portfolio
11.3.2 Business Strategy Excellence
11.4 Market Ranking, 2018
11.5 Competitive Scenario
11.5.1 Investment & Expansion
11.5.2 Merger & Acquisition
11.5.3 New Product Launch
11.5.4 Partnership & Agreement
12 Company Profiles (Page No. - 149)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Henkel AG & Co. KGAA
12.2 Sika AG
12.3 3M
12.4 Dupont (Dowdupont)
12.5 Huntsman International LLC.
12.6 Illinois Tool Works Inc.
12.7 Arkema (Bostik)
12.8 H.B. Fuller
12.9 Ashland
12.10 Lord Corporation
12.11 Mapei S.P.A
12.12 Hubei Huitian New Materials Co., Ltd.
12.13 Scott Bader Company Ltd.
12.14 Permabond LLC.
12.15 Scigrip
12.16 L&L Products
12.17 Master Bond Inc.
12.18 Parson Adhesives, Inc.
12.19 Delo Industrie Klebstoffe GmbH & Co. KGAA
12.20 Dymax Corporation
12.21 Hernon Manufacturing Inc.
12.22 Weicon GmbH & Co. Kg
12.23 Panacol-Elosol GmbH
12.24 Uniseal, Inc.
12.25 Riëd B.V.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 193)
13.1 Key Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (122 Tables)
Table 1 Structural Adhesives Market Snapshot (2019 vs. 2024)
Table 2 GDP Percentage Change of Key Countries, 2019–2024
Table 3 Contribution of Construction Industry to GDP, 2017–2018
Table 4 Car Production in Key Countries, 2017–2018 (Million Units)
Table 5 Commercial Vehicles Production in Key Countries, 2017–2018 (Million Units)
Table 6 Global Growth Indicators of Aerospace Industry, 2018–2037
Table 7 Wind Energy Installations, Onshore, 2017–2018 (Mw)
Table 8 Wind Energy Installations, Offshore, 2017–2018 (Mw)
Table 9 Structural Adhesives Market Size, By Substrate, 2017–2024 (Kiloton)
Table 10 Structural Adhesive Market Size, By Substrate, 2017–2024 (USD Million)
Table 11 Structural Adhesives Market Size, By Resin, 2017–2024 (Kiloton)
Table 12 Structural Adhesive Market Size, By Resin, 2017–2024 (USD Million)
Table 13 Epoxy-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 14 Epoxy-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 15 Pu-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 16 Pu-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 17 Acrylic-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 18 Acrylic-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 19 Mma-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 20 Mma-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 21 Cyanoacrylate-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 22 Cyanoacrylate-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 23 Other Resins-Based Structural Adhesives Market Size, By Region, 2017–2024 (Kiloton)
Table 24 Other Resins-Based Structural Adhesive Market Size, By Region, 2017–2024 (USD Million)
Table 25 Structural Adhesives Market Size, By Technology, 2017–2024 (Kiloton)
Table 26 Market Size, By Technology, 2017–2024 (USD Million)
Table 27 Market Size in Solvent-Based & Reactive Technology, By Region, 2017–2024 (Kiloton)
Table 28 Market Size in Solvent-Based & Reactive Technology, By Region, 2017–2024 (USD Million)
Table 29 Market Size in Water-Based Technology, By Region, 2017–2024 (Kiloton)
Table 30 Market Size in Water-Based Technology, By Region, 2017–2024 (USD Million)
Table 31 Market Size in Other Technologies, By Region, 2017–2024 (Kiloton)
Table 32 Market Size in Other Technologies, By Region, 2017–2024 (USD Million)
Table 33 Market Size, By Application, 2017–2024 (Kiloton)
Table 34 Market Size, By Application, 2017–2024 (USD Million)
Table 35 Market Size in Building & Construction Application, By Region, 2017–2024 (Kiloton)
Table 36 Market Size in Building & Construction Application, By Region, 2017–2024 (USD Million)
Table 37 Market Size in Bus & Truck Application, By Region, 2017–2024 (Kiloton)
Table 38 Market Size in Bus & Truck Application, By Region, 2017–2024 (USD Million)
Table 39 Market Size in Automotive Application, By Region, 2017–2024 (Kiloton)
Table 40 Market Size in Automotive Application, By Region, 2017–2024 (USD Million)
Table 41 Market Size in Aerospace Application, By Region, 2017–2024 (Kiloton)
Table 42 Market Size in Aerospace Application, By Region, 2017–2024 (USD Million)
Table 43 Market Size in Wind Energy Application, By Region, 2017–2024 (Kiloton)
Table 44 Market Size in Wind Energy Application, By Region, 2017–2024 (USD Million)
Table 45 Market Size in Marine Application, By Region, 2017–2024 (Kiloton)
Table 46 Market Size in Marine Application, By Region, 2017–2024 (USD Million)
Table 47 Market Size in Rail Application, By Region, 2017–2024 (Kiloton)
Table 48 Market Size in Rail Application, By Region, 2017–2024 (USD Million)
Table 49 Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 50 Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 51 Market Size, By Region, 2017–2024 (Kiloton)
Table 52 Market Size, By Region, 2017–2024 (USD Million)
Table 53 APAC: Structural Adhesives Market Size, By Country, 2017–2024 (Kiloton)
Table 54 APAC: Market Size, By Country, 2017–2024 (USD Million)
Table 55 APAC: Market Size, By Technology, 2017–2024 (Kiloton)
Table 56 APAC: Market Size, By Technology, 2017–2024 (USD Million)
Table 57 APAC: Market Size, By Resin, 2017–2024 (Kiloton)
Table 58 APAC: Market Size, By Resin, 2017–2024 (USD Million)
Table 59 APAC: Market Size, By Application, 2017–2024 (Kiloton)
Table 60 APAC: Market Size, By Application, 2017–2024 (USD Million)
Table 61 China: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 62 China: Market Size, By Application, 2017–2024 (USD Million)
Table 63 Japan: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 64 Japan: Market Size, By Application, 2017–2024 (USD Million)
Table 65 India: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 66 India: SMarket Size, By Application, 2017–2024 (USD Million)
Table 67 South Korea: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 68 South Korea: Market Size, By Application, 2017–2024 (USD Million)
Table 69 North America: Structural Adhesives Market Size, By Country, 2017–2024 (Kiloton)
Table 70 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 71 North America: Market Size, By Technology, 2017–2024 (Kiloton)
Table 72 North America: Market Size, By Technology, 2017–2024 (USD Million)
Table 73 North America: Market Size, By Resin, 2017–2024 (Kiloton)
Table 74 North America: Market Size, By Resin, 2017–2024 (USD Million)
Table 75 North America: Market Size, By Application, 2017–2024 (Kiloton)
Table 76 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 77 US: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 78 US: Market Size, By Application, 2017–2024 (USD Million)
Table 79 Canada: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 80 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 81 Mexico: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 82 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 83 Europe: Structural Adhesives Market Size, By Country, 2017–2024 (Kiloton)
Table 84 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 85 Europe: Market Size, By Technology, 2017–2024 (Kiloton)
Table 86 Europe: Market Size, By Technology, 2017–2024 (USD Million)
Table 87 Europe: Market Size, By Resin, 2017–2024 (Kiloton)
Table 88 Europe: Market Size, By Resin, 2017–2024 (USD Million)
Table 89 Europe: Market Size, By Application, 2017–2024 (Kiloton)
Table 90 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 91 Germany: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 92 Germany: Market Size, By Application, 2017–2024 (USD Million)
Table 93 France: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 94 France: Market Size, By Application, 2017–2024 (USD Million)
Table 95 Italy: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 96 Italy: Market Size, By Application, 2017–2024 (USD Million)
Table 97 UK: Structural Adhesives Market Size, By Application, 2017–2024 (Kiloton)
Table 98 UK: Market Size, By Application, 2017–2024 (USD Million)
Table 99 Russia: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 100 Russia: Market Size, By Application, 2017–2024 (USD Million)
Table 101 South America: Structural Adhesives Market Size, By Country, 2017–2024 (Kiloton)
Table 102 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 103 South America: Market Size, By Technology, 2017–2024 (Kiloton)
Table 104 South America: Market Size, By Technology, 2017–2024 (USD Million)
Table 105 South America: Market Size, By Resin, 2017–2024 (Kiloton)
Table 106 South America: Market Size, By Resin, 2017–2024 (USD Million)
Table 107 South America: Market Size, By Application, 2017–2024 (Kiloton)
Table 108 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 109 Brazil: Structural Adhesive Market Size, By Application, 2017–2024 (Kiloton)
Table 110 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 111 Middle East & Africa: Structural Adhesives Market Size, By Country, 2017–2024 (Kiloton)
Table 112 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 113 Middle East & Africa: Market Size, By Technology, 2017–2024 (Kiloton)
Table 114 Middle East & Africa: Market Size, By Technology, 2017–2024 (USD Million)
Table 115 Middle East & Africa: Market Size, By Resin, 2017–2024 (Kiloton)
Table 116 Middle East & Africa: Market Size, By Resin, 2017–2024 (USD Million)
Table 117 Middle East & Africa: Market Size, By Application, 2017–2024 (Kiloton)
Table 118 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 119 Investments & Expansions (2015–2019)
Table 120 Mergers & Acquisitions (2015–2019)
Table 121 New Product Launches (2015–2019)
Table 122 Partnership & Agreement (2015–2019)
List of Figures (47 Figures)
Figure 1 Markets Segmentation
Figure 2 Structural Adhesives Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Structural Adhesives: Data Triangulation
Figure 6 APAC Structural Adhesive Market to Register Highest CAGR During Forecast Period
Figure 7 Epoxy Resin Adhesive to Lead the Overall Structural Adhesives Market During Forecast Period
Figure 8 Wind Energy to Register Highest CAGR During Forecast Period
Figure 9 APAC Accounted for Largest Share of the Global Structural Adhesive Market, 2018
Figure 10 Structural Adhesives Market to Witness High Growth During Forecast Period
Figure 11 Cyanoacrylate to Be the Fastest-Growing Segment Between 2019 and 2024
Figure 12 China Accounted for the Largest Share of the APAC Market in 2018
Figure 13 India to Emerge as A Lucrative Market for Structural Adhesives During the Forecast Period
Figure 14 Developing Markets to Grow Faster Than Developed Markets
Figure 15 China to Account for the Largest Market Share
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Structural Adhesives Market
Figure 17 Porter’s Five Forces Analysis: Structural Adhesive Market
Figure 18 New Airplane Deliveries, By Region, 2018–2037
Figure 19 New Installations Outlook, Offshore, 2018–2023 (GW)
Figure 20 New Installations Outlook, Onshore, 2018–2023 (GW)
Figure 21 Metals to Be the Leading Segment of the Structural Adhesives Market, By Substrate
Figure 22 Epoxy Segment to Lead the Structural Adhesive Market
Figure 23 Solvent-Based & Reactive Segment to Dominate the Structural Adhesives Market
Figure 24 Automotive Segment to Lead the Structural Adhesive Market
Figure 25 Global Commercial Vehicle Production, 2018
Figure 26 Global Car Production, 2018
Figure 27 New Airplanes Delivery, By Region, 2018–2037
Figure 28 China and India are High Growth Markets for Structural Adhesives
Figure 29 APAC: Structural Adhesive Market Snapshot
Figure 30 North America: Structural Adhesives Market Snapshot
Figure 31 Europe: Structural Adhesive Market Snapshot
Figure 32 Companies Adopted New Product Launch as the Key Strategy Between 2015 and 2019
Figure 33 Structural Adhesives Market (Global): Competitive Leadership Mapping, 2018
Figure 34 Henkel AG & Co. KGAA: Company Snapshot
Figure 35 Henkel AG & Co. KGAA: SWOT Analysis
Figure 36 Sika AG: Company Snapshot
Figure 37 Sika AG: SWOT Analysis
Figure 38 3M: Company Snapshot
Figure 39 3M: SWOT Analysis
Figure 40 Dupont (Dowdupont): Company Snapshot
Figure 41 Dupont (Dowdupont): SWOT Analysis
Figure 42 Huntsman International LLC.: Company Snapshot
Figure 43 Huntsman International LLC.: SWOT Analysis
Figure 44 Illinois Tool Works Inc.: Company Snapshot
Figure 45 Arkema (Bostik): Company Snapshot
Figure 46 H.B. Fuller: Company Snapshot
Figure 47 Ashland: Company Snapshot
The study involved four major activities in estimating the current market size of structural adhesives. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Structural Adhesive Market Secondary Research
This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the structural adhesive market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.
Structural Adhesive Market Primary Research
The structural adhesives market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the usage of resin types, such as epoxy, polyurethane, acrylic, methyl methacrylate, cyanoacrylate and other resin such as phenolic, bismaleimide (BMI), polyimide and silicone. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Structural Adhesive Market Research Design
Structural Adhesive Market Research Resource Matrix
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Outlook |
Primary sources |
Secondary sources |
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Demand-side |
Interviews with:
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Supply-side |
Interviews with:
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Market Analysis Matrix
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Qualitative analysis |
Quantitative analysis |
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the structural adhesives market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following steps:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Structural Adhesive Market Data Triangulation
After arriving at the overall market size-using the estimation processes explained above-the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To analyze and forecast the structural adhesives market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market based on substrate, technology, resin type, and application
- To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
- To estimate and forecast the structural adhesives market at the country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
- To analyze the competitive developments, such as new product launch and merger & acquisition, in the structural adhesives market
- To strategically identify and profile the key market players and analyze their core competencies
Structural Adhesive Market Report Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- A further breakdown of the structural adhesives market, by country
Company Information
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Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Structural Adhesives Market
Report view of section 4.2 for Structural Adhesive market report
Market prosprection on structural adhesive market with specific interest on epoxy adhesives.
Interest in a specific section of the report
Production and consumption data on each type of adhesives for the Saudi Arabia and the Gulf region