The Structural Adhesives Market is Expected to Grow from USD 14 Billion in 2019 to USD 19.4 Billion by 2024, at a CAGR of 6.9%, Between 2019 and 2024.
APAC is the largest consumer of structural adhesives. Low-cost of manufacturing in APAC countries and high demand for structural adhesives in the region are driving its market growth. The key companies profiled in this report are the Henkel (Germany), Huntsman (US), 3M (US), H.B. Fuller (US), Sika (Switzerland), Illinois Tool Works (US).
Cyanoacrylate is the fastest-growing resin type of the structural adhesives market
Among resins, cyanoacrylate segment is projected to grow at the highest CAGR during the forecast period. Cyanoacrylate-based structural adhesives offer distinct advantages as these are one-part solvent-free adhesives that cure immediately at room temperature and offer high bonding strength. These, therefore, provide optimized and efficient bonding solutions for various substrates.
Composites are projected to be the fastest-growing substrate bonded with structural adhesives market
The composites substrate segment is projected to grow at the highest CAGR during the forecast period, 2019 to 2024. The use of composites in different applications reduces weight and increases efficiency, as composite materials (fiber reinforced plastic and glass fiber reinforced plastic) are lighter than metals, concrete, and brick. These structural adhesives provide strong bonds and high chemical & heat resistance.
APAC is the largest and projected to be the fastest-growing structural adhesives market
APAC is the largest as well as the fastest-growing structural adhesives market. It encompasses a diverse range of economies with different levels of economic development and multiple industries. Growth is attributed mainly to booming economies such as China, India, and Taiwan, among other few smaller countries, such as Indonesia, and Vietnam.
China is the leader in the market for structural adhesives in terms of demand in the Asia Pacific. India is a rapidly emerging nation in the market due to the growth in various applications in the use of structural adhesives. The key market players are expanding their structural adhesives production in APAC, especially in China and India.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Structural Adhesives Market 4.2 Structural Adhesives Market Growth, By Resin Type 4.3 APAC Structural Adhesives Market Share, By Application and Country 4.4 Structural Adhesives Market, By Major Countries 4.5 Structural Adhesives Market: Developed vs. Developing Countries 4.6 Structural Adhesives Market: Growing Demand From APAC
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Trend for Lightweight and Low Carbon-Emitting Vehicles 5.2.1.2 Increasing Demand for Structural Adhesives in Aerospace Industry 5.2.1.3 High Demand for Adhesives in Building & Construction and Wind Energy Applications 5.2.2 Restraints 5.2.2.1 Stringent Environmental Regulations in North American and European Countries 5.2.2.2 Different Characteristic Limitations of Various Adhesives 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Non-Hazardous, Green, and Sustainable Structural Adhesives 5.2.4 Challenges 5.2.4.1 Limited Market Opportunities in Developed Countries 5.2.4.2 Changing Regulatory Policies and Standards 5.3 Porter's Five Forces Analysis 5.4 Macroeconomic Indicators 5.4.1 Trends and Forecast of GDP 5.4.2 Trends in the Construction Industry 5.4.3 Trends in the Automotive Industry 5.4.4 Trends and Forecast in the Aerospace Industry 5.4.5 Trends and Forecast in Wind Energy Industry
6 Structural Adhesives Market, By Substrate 6.1 Introduction 6.2 Metals 6.2.1 Metal Bonding Adhesives are Gaining Momentum Due to Uniform Distribution of Adhesives 6.3 Plastics 6.3.1 Plastics Can Be Reliably Fastened to A Wide Variety of Other Substrates Using an Engineered Adhesive Solution 6.4 Wood 6.4.1 Bonding of Woods Evenly Distributes the Weight and Makes the Structure Lighter 6.5 Composites 6.5.1 Composite Bonding Adhesives are in High Demand Due to their Strong Bonding and High Chemical & Heat Resistance 6.6 Others
7 Structural Adhesives Market, By Resin 7.1 Introduction 7.2 Epoxy 7.2.1 Epoxy-Based Structural Adhesives are the Most Commonly Used Adhesives in Industrial, Automotive, Construction, and Aerospace Applications 7.3 Polyurethane (PU) 7.3.1 Pu-Based Structural Adhesives are Used Extensively in Automotive & Transportation Applications Because of their Versatility and High Strength 7.4 Acrylic 7.4.1 Acrylic-Based Structural Adhesives Can Easily Join Or Bond Dissimilar Substrates 7.5 Methyl Methacrylate (MMA) 7.5.1 Mma-Based Structural Adhesives Have the Ability to Bond With A Variety of Dissimilar Substrates By Improving the Functionality of Adhesives 7.6 Cyanoacrylate 7.6.1 Cyanoacrylate-Based Structural Adhesives Offer Excellent Adhesion With Many Substrates 7.7 Others
8 Structural Adhesives Market, By Technology 8.1 Introduction 8.2 Solvent-Based & Reactive 8.2.1 The Solvent-Based & Reactive Technology Accounts for More Than Half of the Total Market Size, in Terms of Both Value and Volume 8.3 Water-Based 8.3.1 Water-Based Adhesives are Completely Solvent-Free and Have Low VOCs 8.4 Others
9 Structural Adhesives Market, By Application 9.1 Introduction 9.2 Building & Construction 9.2.1 Strength, Excellent Quality of Finish, Improved Tensile Strength, Aesthetics, Improved Productivity, and Reduced Manufacturing Costs Offered By Structural Adhesives, Make them Useful in This Application Segment 9.3 Bus & Truck 9.3.1 The Use of Structural Adhesives Render Outstanding Durability, Aesthetic Appeal, and Safety to the Toughest Commercial Bus Designs and Heavy-Duty Trucks 9.4 Automotive 9.4.1 The Use of Structural Adhesives Helps in Lightweighting and Higher Impact Resistance of Vehicles 9.5 Aerospace 9.5.1 Increasing Air Traffic is Leading to the Higher Demand for Structural Adhesives in Aerospace Applications 9.6 Wind Energy 9.6.1 Increasing Focus on Green Energy Sources is Expected to Drive the Demand 9.7 Marine 9.7.1 Increasing Use of Plastic and Composites in Fabricating Boats is Boosting the Demand 9.8 Rail 9.8.1 The Growing Demand for High Speed and Lightweight Structures is Contributing to the Growth of the Market in This Application 9.9 Other Applications
10 Structural Adhesives Market, By Region 10.1 Introduction 10.2 APAC 10.2.1 Structural Adhesives Market, By Technology 10.2.2 Structural Adhesives Market, By Resin 10.2.3 Structural Adhesives Market, By Application 10.2.4 China 10.2.4.1 China Accounted for the Largest Share of the Structural Adhesives Market in APAC 10.2.5 Japan 10.2.5.1 Japan Witnessing A Decline in Growth Due to the Maturity of the Adhesives Market 10.2.6 India 10.2.6.1 India is the Fastest-Growing Structural Adhesives Market in APAC and Globally 10.2.7 South Korea 10.2.7.1 Aerospace Industry is Expected to Lead the Structural Adhesives Market in South Korea 10.2.8 Indonesia 10.2.8.1 Indonesia is Witnessing Steady Growth, Which is Driven By Domestic Consumption and Improved Infrastructural Investments 10.2.9 Taiwan 10.2.9.1 High Investments in the Transportation Will Drive the Structural Adhesives Market in Taiwan 10.2.10 Thailand 10.2.10.1 Rapid Industrialization and Increasing Consumer Spending are Expected to Boost the Demand for Structural Adhesives 10.2.11 Vietnam 10.2.11.1 Increasing Supply for the Parts of Cabins and Storage Cabins Will Boost the Structural Adhesives Market in Vietnam 10.2.12 Rest of APAC 10.3 North America 10.3.1 Structural Adhesives Market, By Resin 10.3.2 Structural Adhesives Market, By Application 10.3.3 US 10.3.3.1 Aerospace Industry Highly Dominates the US Structural Adhesives Market 10.3.4 Canada 10.3.4.1 Bus & Truck is A Major Application of Structural Adhesives 10.3.5 Mexico 10.3.5.1 The Wind Energy Sector is Expected to Be the Fastest-Growing Application Segment of the Structural Adhesives Market 10.4 Europe 10.4.1 Structural Adhesives Market, By Resin 10.4.2 Structural Adhesives Market, By Application 10.4.3 Germany 10.4.3.1 Manufacturing and Construction Industry Will Continue to Drive the Structural Adhesives Market 10.4.4 France 10.4.4.1 The Fast Growth of the Automotive Industry is Expected to Drive the Demand for Structural Adhesives 10.4.5 Italy 10.4.5.1 The Growth in the Wind Energy Sector is Expected to Increase the Demand for Structural Adhesives 10.4.6 UK 10.4.6.1 Aerospace is One of the Major Applications of Structural Adhesives in the UK 10.4.7 Russia 10.4.7.1 Russia Was One of the Fastest-Growing Markets in the Region for Many Years 10.4.8 Turkey 10.4.8.1 Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe, Owing to the Current Economic Situation 10.4.8.2 Rest of Europe 10.5 South America 10.5.1 Structural Adhesives Market, By Resin 10.5.2 Structural Adhesives Market, By Application 10.5.3 Brazil 10.5.3.1 Brazil Accounted for the Largest Share of the South American Structural Adhesives Market 10.5.4 Argentina 10.5.4.1 The High Dependence on Imports is Restraining the Market Growth 10.5.5 Rest of South America 10.6 Middle East & Africa 10.6.1 Structural Adhesives Market, By Resin 10.6.2 Structural Adhesives Market, By Application 10.6.3 Saudi Arabia 10.6.3.1 Automotive Industry to Dominate the Structural Adhesives Market 10.6.4 Africa 10.6.4.1 Limited Applications of Structural Adhesives to Pose A Challenge to the Growth of the Market 10.6.5 Rest of Middle East & Africa
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