PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1486363
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1486363
The global structural adhesives market size was USD 13.5 billion in 2024 and is projected to reach USD 17.7 billion by 2029, at a CAGR of 5.5% between 2024 and 2029. The major driver of the structural adhesives market is the increasing demand for lightweight and durable bonding solutions across industries such as automotive, aerospace, and construction. These adhesives provide enhanced strength, reduced weight, and improved performance compared to traditional fastening methods, supporting trends toward fuel efficiency and sustainability. Additionally, advancements in adhesive technology and the growing emphasis on renewable energy projects further propel market growth.
Scope of the Report | |
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Years Considered for the Study | 2021-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Substrate, By Resin, By Technology, By Application, By Region |
Regions covered | Asia Pacific, Europe, North America, South America, and Middle East & Africa |
"Automotive accounted for the largest share of application segment of structural adhesives market."
The structural adhesives market is growing within the automotive industry due to the increasing focus on lightweight vehicle design to boost fuel efficiency and lower emissions, necessitating advanced adhesives for bonding modern materials such as composites and aluminum. Furthermore, structural adhesives improve crashworthiness and structural integrity, meeting stringent safety standards while providing greater design flexibility and manufacturing efficiency.
"Metals accounted for the largest substrate segment of structural adhesives market."
Metals accounted for the largest substrate segment in the structural adhesives market due to their widespread use in critical industries such as automotive, aerospace, and construction, where strong and durable bonding solutions are essential. Structural adhesives are particularly effective for bonding metals because they provide excellent adhesion, distribute stress evenly, and improve the overall strength and integrity of metal assemblies. Additionally, the ability of structural adhesives to bond dissimilar metals and reduce the need for mechanical fasteners makes them a preferred choice in these applications, further driving their dominance in the metal substrate segment.
"Asia Pacific, by region is forecasted to be the fastest segment of structural adhesives market during the forecast period."
The Asia Pacific region is poised to hold the largest portion of the structural adhesives market, propelled by its swift industrialization and urban expansion, fostering substantial demand in construction, automotive, and electronics industries. Furthermore, substantial investments in infrastructure projects and the concentration of sizable manufacturing centers in nations such as China, India, and Japan bolster the region's prominent standing within the market.
The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), 3M (US), DuPont (US), and Huntsman Corporation (US).
The structural adhesives market has been segmented based on substrate (metals, plastics, wood, composites, and others), resin (epoxy, polyurethane, acrylic, MMA, cyanoacrylate, and others), technology (solvent-based, water-based, and reactive & others) application (building & construction, automotive, bus & truck, wind, marine, rail, aerospace, and others), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.