Structural Adhesives Market

Structural Adhesives Market Outlook (2022-2032)

Worldwide consumption of structural adhesives is predicted to increase at a CAGR of 6.7% from 2022 to 2032. The global structural adhesives market stands at a value of US$ 14.74 billion in 2022 and is estimated to bring in revenue of US$ 28.2 billion by the end of 2032.

Increasing construction activity is anticipated to drive high demand for epoxy structural adhesives, structural wood glue, and structural adhesive tapes over the coming years.

Report Attributes	Details
Structural Adhesives Market Size (2022E)	US$ 14.74 Billion
Forecasted Market Value (2032F)	US$ 28.2 Billion
Global Market Growth Rate (2022-2032)	6.7% CAGR
North America Market Share (2022)	28.3%
Europe Market Share (2022)	31.6%
Key Companies Profiled	3M Company Sika AG Henkel AG & Co. KGaA The Dow Chemical Company H.B.Fuller Scott Bader Co. Uniseal Inc. Huntsman Corporation Ashland Inc. Lord Corporation Illinois Tool Works Inc. Permabond LLC MAPEI Ardex

Structural Adhesive Consumption Analysis (2017-2021) in Comparison to Market Forecasts (2022-2032)

The market for structural adhesives is anticipated to witness steady growth over the coming years as the scope of application for structural adhesives increases across various industry verticals. Structural adhesives have gained popularity owing to their characteristic properties of high load-bearing capacity, high strength, faster curing time, etc.

The aforementioned qualities have substantially increased the use of structural adhesives in construction applications where they are desired. Increasing demand for infrastructure development across the world has resulted in increased construction activity and subsequently drives sales of structural adhesives.

Epoxy hardeners and UV-cured adhesives are expected to witness a steady increase in demand over the coming years as the popularity of their characteristic properties increases.

Structural adhesives are also preferably used in the automotive industry due to their characteristic qualities. Automotive structural adhesives are anticipated to be highly preferred in the manufacturing of electric vehicles which are gaining popularity across the world.

However, the presence of VOCs (volatile organic compounds) in structural adhesives is expected to have a restraining effect on the overall market growth as these compounds are toxic to human health and can cause several health complications.

Structural adhesive shipments are predicted to increase at a CAGR of 6.7% from 2022 to 2032.

What is Driving Structural Adhesive Demand across Regions?

“Increasing Investments in Infrastructure Development”

The world has witnessed a rampant increase in urbanization and industrialization which has resulted in high demand for infrastructure development. This demand is especially high in developing economies.

The aforementioned factor has propelled the launch of new construction projects and supportive government initiatives are expected to fuel the launch of more projects over the coming years.

The construction industry is a major application vertical for structural adhesives and hence structural adhesive sales are expected to increase through 2032. Silicone sealants, wood glue, epoxy glue, and structural epoxy adhesives are some products that are expected to witness high demand over the years to come.

What Drawback Does Structural Adhesives Have?

“Presence of Volatile Organic Compounds Hindering Sales of Structural Adhesives”

Most structural adhesives present in the market comprise VOCs that are harmful to human health and can cause serious health complications if not managed safely.

Stringent mandates across the world by governments to curb the use of toxic chemicals that harm the health and environment are expected to constrain structural adhesives market potential. Chemical adhesives and other chemical products are expected to witness a drop in demand owing to the aforementioned factors.

How Can New Market Players Leverage the Sustainability Trend to Gain Ground?

“Start-ups Can Launch Products with Lower Carbon Footprint”

Sustainability has been a prominent trend over the past few years and is expected to be the prime focus going ahead owing to increasing awareness and stringent government mandates.

New structural adhesive manufacturers should focus on capitalizing on the sustainability trend by developing and launching products that are sustainable in nature.

• RALLK, an Italian start-up founded in 2018, is focused on manufacturing cement-hardening adhesives and other thermal coat adhesives for cement industry applications. RALLK’s adhesives have high water resistance and allow for a faster curing time as well. These adhesives also have a lower carbon footprint than conventional adhesives, which makes them a unique and preferable solution in today’s more environment-conscious landscape.

New entrants can focus on the sustainability trend and invest in the development of adhesives that are free from VOCs. New structural adhesive companies can deploy innovative strategies to promote their products and advance their business scope in this consolidated market space.

What is the Regional Analysis of the Structural Adhesives Industry?

“North America & Europe to Account for High Market Share”

Increasing construction activity and the presence of a robust automotive manufacturing industry in Europe are expected to drive demand for structural adhesives in this region through 2032. At present, the market for structural adhesives in Europe stands at a valuation of US$ 4.65 billion and accounts for a significant market share of 31.6% in the global marketplace.

Rising urbanization and industrialization are fuelling demand for infrastructure development in the Asia Pacific region and this is expected to propel the consumption of structural adhesives in this region. Economies of India, China, and Japan are expected to lead the market potential in this region throughout the forecast period.

A complete regional analysis along with trends and opportunities has been listed in this new structural adhesives research report by Fact.MR, a market research and competitive intelligence provider.

Competitive Landscape

Key structural adhesive manufacturers are increasing their investments in research and development of new products that are free from VOCs and are compliant with the new sustainability norms. Structural adhesive suppliers are also developing application-specific adhesives to strengthen their business potential in specific industry verticals.

• In May 2022, Arkema’s adhesive division - Bostik - announced the launch of its new adhesive solution, which is part of its 'Responsibly for Hygiene' commitment. The new Nuplaviva i90 Hot-Melt Wetness Indicator is made with renewably-sourced content and is the third solution in the Nuplaviva series of adhesives.

Key Segments Covered in Structural Adhesives Industry Research

• By Resin Type :

  • Epoxy Structural Adhesives
  • Polyurethane (PU) Structural Adhesives
  • Acrylic Adhesives
  • Cyanoacrylate

• By Application :

  • Building & Construction
  • Bus & Truck Manufacturing
  • Aerospace & Defense Manufacturing
  • Wind Energy Equipment Manufacturing
  • Marine Equipment Manufacturing
  • Rail Equipment & Components
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA