Global Structural Adhesives Market was valued at $14.3 billion in 2020, and is projected to reach $27.9 billion by 2027, growing at a CAGR of 6.9% from 2021 to 2027.
Structural adhesives, conjointly referred as load bearing adhesives, square measure materials that square measure capable of hardening on substrate and capable of upholding 2 similar or dissimilar surfaces along through surface contact. These adhesives square measure capable of withstanding forces for long amount and square measure susceptible to shock, vibrations, and temperature changes, but still hold the warranted surfaces with efficiency. These adhesives square measure accustomed bond totally different substrate materials like metal, wood, composites, plastics.
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Key Players of Structural Adhesives Market
- Ashland Global Holdings Inc.
- DuPont
- H.B. Fuller
- Henkel Ag & Co. KGAA
- Huntsman Corporation (HUN)
- Lord Corporation
- Scott Bader Co.
- Sika AG
- The 3M Company
- Uniseal Inc.
- Dymax
- Hernon manufacturing
The growth of the structural adhesive 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. On the contrary, increasing rules and growing public awareness have created key makers of structural adhesives manufacture non-hazardous, green, and property structural adhesives. for example, Henkel silver & Co. KGAA offers property ployurethan adhesives with no further methanal for property bonding applications in building merchandise. what is more, to befits the worldwide trends of property, Sika AG, a number one manufacturer of structural adhesives is investigation property choices for its structural adhesive merchandise.
Growing government disbursement in construction and business buildings will boost the market demand along side dynamic client trends in piece of furniture styles will act as a chance for varied makers of the market. what is more, environmental regulation and volatility within the material costs in varied countries will restrain its market growth.
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Qualiket Research has segmented the global structural adhesives market based on Substrate segment and Product segment, and region
By Substrate
- Metal
- Wood
- Composite
- Plastic
By Product Type
- Solvent-based
- Water-based
By region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Insights & Findings:
- By substrate, the metal substrate segment was the largest revenue generator, and is anticipated to grow at a highest rate during the forecast period.
- Wood and plastic act as a contributor for accounting larger share for the market.
- By product type, the water-based segment dominated the global market in 2020, and is anticipated to grow globally at a CAGR during forecast period.
- Solvent-based technology showed significant market share during the forecast period. Solvent-based adhesives are mixtures of thermoplastic, solvents, and polymers such as polyurethane.
- North America is expected to expand at the fastest CAGR over the forecast period.
- North America and also the European markets are mature; but, the technological development of high growth applications, as well as equipment and medical applications, within the regions is anticipated to drive the market at a significantly high rate throughout the forecast amount.
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