The structural adhesives market size has experienced robust growth in recent years, expected to grow from $16.13 billion in 2023 to $17.26 billion in 2024, at a CAGR of 7%. This growth in the historical period can be linked to the development of synthetic polymers, expansion in the aerospace industry, increasing utilization of composite materials, rising demand for lightweight and fuel-efficient vehicles, and growth within the construction sector. In the forecast period, the structural adhesives market is projected to increase to $22.72 billion by 2028, growing at a CAGR of 7.1%. This expected growth is influenced by increasing complexity in applications, globalization, adherence to stringent regulations, heightened investments in research and development, and a growing emphasis on eco-friendly and sustainable products. Key trends expected to shape the market in the forecast period include high-performance materials, the development of smart adhesives, advancements in green chemistry, and a focus on recyclability and biodegradability, as well as hybrid systems.
Global Structural Adhesives Market Key Driver
Rising construction activities are anticipated to enhance the structural adhesives market. The construction sector, involving planning and building, is expanding due to urbanization and government initiatives. Structural adhesives improve the durability and strength of materials, making them suitable for modern applications. In June 2024, TST Europe reported U.S. construction spending reached $1.98 trillion in 2023, a 7.4% increase from the previous year, with approximately 745,000 construction businesses operating. Therefore, the growth in construction activities is benefiting the structural adhesives market.
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Global Structural Adhesives Market Segments
The structural adhesives market covered in this report is segmented –
1) By Product Type: Epoxy, Acrylic, Urethanes, Cyanoacrylate, Other Product Types
2) By Technology: Water-Based, Solvent-Based, Other Technologies
3) By Substrate: Metal, Composite, Wood, Plastic
4) By Application: Building And Construction, Automotive, Bus And Truck, Wind, Marine, Rail, Aerospace, Other Application
By Geography:The regions covered in the structural adhesives market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the structural adhesives market in 2023.
Major Structural Adhesives Industry Players
Illinois Tool Works Inc., Parker-Hannifin Corporation, Sika Corporation, The Dow Chemical Company, 3M Company, E I du Pont de Nemours and Company (DuPont), Henkel AG & Co. KGaA, Arkema SA, Huntsman Advanced Materials, Ashland Performance Materials, HB Fuller Company, Tesa SE, Ellsworth Adhesives, Bostik SA, Delo Industrial Adhesives, Scott Bader Company Limited, Chemence Ltd., Soudal Group, Weicon GmbH & Co. KG, Permabond LLC, Loxeal Engineering Adhesives, Master Bond Inc., Engineered Bonding Solutions LLC, Bondloc UK Limited, Ried BV
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Structural Adhesives Market Overview
Structural adhesives are high-strength adhesives used to bond components that bear loads or provide structural integrity. These adhesives offer durable, long-lasting bonds that can withstand environmental factors such as heat, moisture, and chemical exposure, replacing traditional mechanical fasteners such as bolts and welds.
Structural Adhesives Global Market Report 2023 provides data on the global structural adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The structural adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
