Structural Adhesives Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Structural Adhesives Market grew at a CAGR of 4.9% between 2017-2021 and is estimated to be US$ 16,422.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.8% and is expected to reach a valuation of US$ 28,859.6Mn by 2032 end.
In the coming years, there will likely be a big increase in demand for structural adhesives because of their growing popularity. The range of structural adhesives applications has expanded dramatically, raising demand.
Structural adhesives are an excellent alternative for application in various industry verticals due to their astoundingly optimum performance characteristics, which include high strength, load-bearing capacity, high heat resistance, etc. Some key drivers boosting demand for structural adhesives have increased demand for electric vehicles, shifting governmental laws, rising demand for buildings, and quickening infrastructure development.
HIGH DEMAND FOR ADHESIVES IN BUILDING & CONSTRUCTION AND WIND ENERGY APPLICATIONS
Demand for high-quality goods is rising due to the developing middle class, changing lifestyles, and rising living standards in China, India, and Mexico. New applications such exterior insulation systems, carpet adhesives, tiling adhesives, and wallpaper are driving the demand for structural bonds in the construction industry. The main uses of construction adhesives are in panels, wallboard, and floor systems.
These adhesives can prevent nail or screw head stains from appearing on the exterior of walls. Curtain wall panels and insulating glass modules are fixed in place using construction adhesives. The rise in population, urbanization and other factors are mostly to blame for the rising demand for permanent, non-slum housing in India and other developing nations like Brazil, China, Indonesia, and Vietnam.
DIFFERENT CHARACTERISTIC LIMITATIONS OF VARIOUS ADHESIVES
Mechanical qualities and features vary across structural adhesives. Epoxies are utilized in rigid bonding because of their exceptionally high shear strength, polyurethane is used in slightly flexible bonding because of its great strength, and acrylic is used in tough to slightly elastic bonding because of its exceptionally high impact and fatigue resistance. There are some restrictions on the properties of each type of glue.
Therefore, the type of application determines the choice of adhesives. The kind of glue to employ will depend on the substrate being bonded, the level of strength needed, the surrounding environment, and other factors. For instance, materials used to construct airplanes must undergo difficult certification processes that take a long time in the aerospace sector. They necessitate a higher quality of adhesives that must be heat resistant.
INCREASING DEMAND FOR NON-HAZARDOUS, GREEN, AND SUSTAINABLE STRUCTURAL ADHESIVES
The need for green adhesives or those with low VOCs is developing due to the rising demand for eco-friendly or green products in various applications. Manufacturers have been forced to produce eco-friendly adhesives with low VOC levels by strict regulations from 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.
A growing tendency for environmentally friendly or green buildings is present in the worldwide structural adhesives market due to these regulatory rules, which presents a chance for developing environmentally friendly and sustainable adhesive solutions. These ecologically and health-friendly adhesive options are created from renewable, recycled, remanufactured, or biodegradable components.
Market Segments Covered in Report
By Resin Type:
By Region and Country:
Why does the epoxy resin adhesive lead the overall structural adhesives market during the forecast period?
Epoxy is the most widely used structural glue because it adheres to a variety of materials, is extremely strong, emits few volatile organic compounds (VOCs) during the curing process, and can support heavy loads. They are available in one-component and two-component forms.
Epoxy structural adhesives are used to attach a variety of substrates, including ceramics, metal, wood, concrete, composites, and rubber, in the transportation industries of buses, trucks, and rail. Epoxy structural adhesives provide excellent mechanical, thermal, and electrical qualities and high strength. High-performance epoxy resin glue is in higher demand in North America, particularly for applications in the automotive, aircraft, industrial maintenance, and concrete coatings industries.
Why is the water-based segment increasing in demand in the anticipated period?
The water-based category, which led the market in terms of product type, is expected to expand at a CAGR of 7.2% throughout the projected period. This is explained by the fact that its suitability for several end-use industries may be linked to features like adhesion quality, wet tackiness, enhanced adhesion with the painted metal surface, quick drying time, and low flammability.
Why does wind energy register the highest CAGR during the forecast period?
The market segment for wind energy is anticipated to experience the greatest CAGR throughout the forecast period. This expansion is linked to the rising need for a renewable energy source. The market for structural adhesives is expanding due to the increased use of adhesives in wind turbine blades to attach parts, such as the rotor blades of wind turbines.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
As industry standards change across various industry verticals, structural adhesive manufacturers are investing in developing new adhesives with better curing properties.
The key developments in the Global Structural Adhesives Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Substrate, Technology, Resin Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.8%.
High demand for adhesives in building & construction and wind energy applications.
Major global Structural Adhesives Market players are 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
Different characteristic limitations of various adhesives
North America is expected to account for the largest market revenue share in the Global Structural Adhesives market.
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