Global $19.4Bn Structural Adhesives Market Outlook, 2024 - Increasing Demand for Non-Hazardous, Green & Sustainable Structural Adhesives

Friday, 08. November 2019 11:24

Dublin, Nov. 08, 2019 (GLOBE NEWSWIRE) -- The "Structural Adhesives Market by Technology (Solvent-Based, Water-Based), Resin (Epoxy, Polyurethane, Acrylic, MMA, Cyanoacrylate), Application (Building & Construction, Automotive, Wind Energy, Aerospace), and Region - Global Forecast to 2024" report has been added to's offering.

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 Growing Trend for Lightweight and Low Carbon-Emitting Vehicles Increasing Demand for Structural Adhesives in Aerospace Industry High Demand for Adhesives in Building & Construction and Wind Energy Applications
5.2.2 Restraints Stringent Environmental Regulations in North American and European Countries Different Characteristic Limitations of Various Adhesives
5.2.3 Opportunities Increasing Demand for Non-Hazardous, Green, and Sustainable Structural Adhesives
5.2.4 Challenges Limited Market Opportunities in Developed Countries 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 China Accounted for the Largest Share of the Structural Adhesives Market in APAC
10.2.5 Japan Japan Witnessing A Decline in Growth Due to the Maturity of the Adhesives Market
10.2.6 India India is the Fastest-Growing Structural Adhesives Market in APAC and Globally
10.2.7 South Korea Aerospace Industry is Expected to Lead the Structural Adhesives Market in South Korea
10.2.8 Indonesia Indonesia is Witnessing Steady Growth, Which is Driven By Domestic Consumption and Improved Infrastructural Investments
10.2.9 Taiwan High Investments in the Transportation Will Drive the Structural Adhesives Market in Taiwan
10.2.10 Thailand Rapid Industrialization and Increasing Consumer Spending are Expected to Boost the Demand for Structural Adhesives
10.2.11 Vietnam 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 Aerospace Industry Highly Dominates the US Structural Adhesives Market
10.3.4 Canada Bus & Truck is A Major Application of Structural Adhesives
10.3.5 Mexico 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 Manufacturing and Construction Industry Will Continue to Drive the Structural Adhesives Market
10.4.4 France The Fast Growth of the Automotive Industry is Expected to Drive the Demand for Structural Adhesives
10.4.5 Italy The Growth in the Wind Energy Sector is Expected to Increase the Demand for Structural Adhesives
10.4.6 UK Aerospace is One of the Major Applications of Structural Adhesives in the UK
10.4.7 Russia Russia Was One of the Fastest-Growing Markets in the Region for Many Years
10.4.8 Turkey Turkey is Rapidly Emerging as One of the Fastest-Growing Markets in Europe, Owing to the Current Economic Situation 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 Brazil Accounted for the Largest Share of the South American Structural Adhesives Market
10.5.4 Argentina 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 Automotive Industry to Dominate the Structural Adhesives Market
10.6.4 Africa Limited Applications of Structural Adhesives to Pose A Challenge to the Growth of the Market
10.6.5 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 Competitive Leadership Mapping, 2018
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.3 Competitive Benchmarking
11.3.1 Strength of Product Portfolio
11.3.2 Business Strategy Excellence
11.4 Market Ranking, 2018
11.5 Competitive Scenario
11.5.1 Investment & Expansion
11.5.2 Merger & Acquisition
11.5.3 New Product Launch
11.5.4 Partnership & Agreement

12 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis
12.1 Henkel AG & Co. KGAA
12.2 Sika AG
12.3 3M
12.4 Dupont (Dowdupont)
12.5 Huntsman International LLC.
12.6 Illinois Tool Works Inc.
12.7 Arkema (Bostik)
12.8 H.B. Fuller
12.9 Ashland
12.10 Lord Corporation
12.11 Mapei S.P.A
12.12 Hubei Huitian New Materials Co., Ltd.
12.13 Scott Bader Company Ltd.
12.14 Permabond LLC.
12.15 Scigrip
12.16 L&L Products
12.17 Master Bond Inc.
12.18 Parson Adhesives, Inc.
12.19 Delo Industrie Klebstoffe GmbH & Co. KGAA
12.20 Dymax Corporation
12.21 Hernon Manufacturing Inc.
12.22 Weicon GmbH & Co. Kg
12.23 Panacol-Elosol GmbH
12.24 Uniseal, Inc.
12.25 Rid B.V.

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