Global Structural Adhesives Market - 2023-2030

Market Overview

The global structural adhesives market reached US$ 17,846.2 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 23,766.0 million by 2030. The market is expected to exhibit a CAGR of 3.7% during the forecast period (2023-2030).

An adhesive that hardens into a material which can hold two or more substrates with each other while enduring the pressures involved in the lifespan of the product is referred to as a structural adhesive. The item may be subjected to shock, vibration, chemical exposure, temperature changes or a wide range of other possibly destabilizing or destructive factors and remain bonded.

Market Dynamics

The rising environmental regulations

The demand for structural adhesives is expected to increase during the forecast period, as building activity increases in both emerging and developed countries. The demand for more sustainable and energy-efficient building solutions, which call for the use of adhesives that can endure the stresses of regular use and weathering, is one of the major forces driving this demand.

For instance, the construction sector contributes significantly to the American economy. More than 7.8 million people are employed by the industry, which also has over 753,000 employers and annually constructs structures valued close to US$ 1.8 trillion. The construction sector is one of the biggest consumers of manufacturing, mining, and various other services.

Environmental concerns

The removal of structural adhesives is a major environmental concern. Some adhesives can make it difficult to recycle them or dispose of them securely, which can cause problems with waste management. Moreover, making these adhesives can have a huge negative effect on the environment, especially if non-renewable resources are used or if there is a lot of waste produced during the manufacturing process. Therefore, in order to lessen the environmental impact of chemicals, countries are developing strict regulations that make it difficult for small businesses to compete with established giants in the market.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers 'strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global structural adhesives market is segmented based on type, end user and region.

The rising demand for lightweight automotive materials

The market for structural adhesives is expected to be dominated by automobiles segment. Since structural adhesives were integrated into the automotive business a few years ago, demand for them has been steadily increasing. Adhesives outperform traditional mechanical fasteners in terms of longevity, weight and aesthetics.

The global market for structural adhesives in the automotive industry is expected to grow at a substantial rate in the coming years as a result of the rising demand for lightweight materials and fuel-efficient vehicles. Growing interest in reducing emissions, as well as increased demand for lightweight materials and fuel-efficient vehicles, are driving the industry. A significant trend in the structural adhesives market for cars is the increasing use of composite materials.

Geographical Analysis

The rising construction sector in Asia-Pacific

Asia-Pacific is expected to be a second dominant region in the structural adhesives market during the forecast period. The growing building sector in nations like China, India and Japan is the primary driver for the high demand in Asia Pacific. China has the highest rate of urbanization in the world, according to the International Trade Administration and as the nation transitions to a greener economy, there will be more chances for low-carbon building types like green buildings. Over the anticipated years, it is anticipated to accelerate the growth of the nation's building sector, resulting in the expansion of the structural adhesives industry.

Competitive Landscape

The major global players in the market are 3M, Scott Bader Company Ltd, LORD Corporation, Henkel AG & Co. KGaA, Dow, Cabot Corporation, Ashland, Ried B.V, SIKA AG, and H.B. Fuller.

Why Purchase the Report?

• To visualize the global structural adhesives- market segmentation based on type, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of structural adhesives market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global structural adhesives market report would provide approximately 53 tables, 51 figures and 206 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies