How Will the Structural Adhesives Market Transform Itself into a USD 28.99 Billion Powerhouse by 2032?
Increasing use of structural adhesives in various applications is a key factor driving Structural Adhesives market revenue growth.
Vancouver, Aug. 14, 2023 (GLOBE NEWSWIRE) — Emergen research is one of the pioneers in providing strategic insights for emerging and disruptive technologies which are supposed to show exponential growth in the near future., has released a report that delves deep into the dynamic landscape of the Structural Adhesives Market. As organizations strive to improve their manufacturing processes and enhance product performance, the latest analysis from Emergen Research offers invaluable insights that are set to revolutionize strategies in the structural adhesives market across various industries.
Structural adhesives play a crucial role in bonding and joining different materials, providing strength, durability, and improved performance to assembled products. These adhesives are widely used in industries such as automotive, aerospace, construction, electronics, and healthcare, among others. The practice of utilizing data analysis and advanced technologies to gain insights, make informed decisions, and optimize processes related to the structural adhesives market is known as Structural Adhesives Analytics.
According to the latest report by Emergen Research, the global Structural Adhesives Market is projected to reach a market value of USD 17.38 Billion by 2032, growing at a remarkable CAGR of 5.2% during the forecast period. The report provides a comprehensive analysis of the market segmentation, including market size, share, and growth rate for each segment.
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Scope of Research
| Report Details | Outcome |
| Market size in 2022 | USD 17.38 Billion |
| CAGR (2023–2032) | 5.2% |
| Revenue forecast to 2032 | USD 28.99 Billion |
| Base year for estimation | 2022 |
| Historical data | 2019–2021 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Technology, application, resin, and region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, U.A.E., South Africa, Turkey, and Rest of MEA |
| Key companies profiled | Henkel Adhesives Technologies, Sika AG, The 3M Company, DuPont, ITW Chemin, H.B. Fuller Company, Scott Bader Company Ltd., Dymax, L&L Products, and Parson Adhesives, Inc. |
| Customization scope | 10 hours of free customization and expert consultation |
Major Companies and Competitive Landscape
The global structural adhesives market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective structural adhesive products. Some major players included in the global structural adhesives market report are:
- Henkel Adhesives Technologies
- Sika AG
- The 3M Company
- DuPont
- ITW Chemin
- H.B. Fuller Company
- Scott Bader Company Ltd.
- Dymax
- L&L Products
- Parson Adhesives, Inc.
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Strategic Development
- On 28 February 2022, Arkema, which is a leading manufacturer of specialty materials headquartered in Colombes, France, announced the acquisition of Ashland’s Performance Adhesives business, which is a first-class leader in high-performance adhesives in the U.S. This transaction represents a significant step forward in Arkema’s Adhesive Solutions segment, and it fully aligns with the Group’s strategy to become a pure Specialty Materials player by 2024. In addition, it has excellent commercial, technological, and geographic complementarities with Bostik, allowing it to broaden its solution offering and establish itself as a major player in high-performance industrial adhesives.
What Drives the Structural Adhesives Market?
The growth of the structural adhesives market is driven by several key factors. The increasing demand for lightweight and high-performance materials in industries such as automotive, aerospace, and electronics is a major driver. Structural adhesives offer superior bonding strength and durability, enabling the use of lighter materials without compromising structural integrity. This demand is further fueled by the need for fuel efficiency, reduced emissions, and improved product performance.
Moreover, the shift towards eco-friendly and sustainable solutions is another driving factor in the structural adhesives market. With increasing environmental regulations and consumer awareness, there is a growing demand for adhesives that are free from harmful chemicals and have minimal impact on the environment. Structural adhesives that offer low VOC emissions and are recyclable or biodegradable are gaining traction in the market.
Furthermore, the need for efficient and reliable bonding solutions in critical applications is boosting the demand for structural adhesives. Industries such as automotive, aerospace, and electronics require adhesives that can withstand extreme temperatures, vibrations, and mechanical stresses. Structural adhesives provide excellent bonding strength and durability, making them ideal for these demanding applications.
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What Challenges Constrain the Structural Adhesives Market?
The structural adhesives market faces several challenges that constrain its growth and adoption. One of the key challenges is the limited awareness and understanding of the benefits and applications of structural adhesives. Many industries and manufacturers are still reliant on traditional joining methods such as welding, mechanical fastening, or traditional adhesives. Educating potential customers about the advantages of structural adhesives, such as improved strength, weight reduction, and design flexibility, is crucial to drive market growth.
Another challenge is the high initial cost of structural adhesives compared to traditional joining methods. While structural adhesives offer long-term cost savings through improved performance and reduced maintenance, the upfront investment can be a deterrent for some manufacturers, especially those with tight budgets or limited resources. Demonstrating the long-term cost benefits and return on investment of structural adhesives is essential to overcome this challenge.
Unveiling Geographic Patterns in the Structural Adhesives Market
The report on the structural adhesives market provides an in-depth analysis of the leading geographies, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Currently, North America holds the largest share of the structural adhesives market. This can be attributed to the region’s strong presence in industries such as automotive, aerospace, and construction, which are major consumers of structural adhesives. The United States and Canada have witnessed significant investments in research and development, driving the adoption of advanced structural adhesive technologies.
In Europe, countries such as Germany, France, and the United Kingdom are major revenue generators in the structural adhesives market. The region’s focus on sustainable construction practices, automotive manufacturing, and aerospace industries contributes to the demand for structural adhesives.
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Segments Covered in Report
For the purpose of this report, Emergen Research has segmented the global structural adhesives market on the basis of technology, application, resin, and region:
- Technology Outlook (Revenue, USD Billion; 2019-2032)
- Solvent-Based & Reactive
- Water-Based
- Others
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Building & Construction
- Automotive
- Aerospace
- Others
- Resin Outlook (Revenue, USD Billion; 2019-2032)
- Epoxy
- Polyurethane (PU)
- Acrylic
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E
- South Africa
- Turkey
- Rest of MEA
- North America
Closing Statement
The Structural Adhesives Market is on a trajectory of significant growth, driven by the increasing demand for lightweight and high-performance materials across industries. With their superior bonding strength and durability, structural adhesives are revolutionizing the way products are assembled and enhancing overall performance.
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