Global Structural Adhesive Market , 2024-2030

Structural adhesive is a substance that is capable of holding materials together by surface attachment. Structural adhesive bonding is a key technology in building lightweight structures.Structural adhesive can produce a much better finished appearance to an assembly than, say, rivets, or spot welding or screws. Structural adhesives are used in high strength, permanent bonding applications. They are capable of bearing considerable loads and also prevent the corrosion problems normally associated with joining dissimilar materials. This is a cost-effective method of providing high-strength joints.

Structural adhesives come with water based and solvent based technology. Structural adhesives are generally formulated from thermosetting resins that require chemical crosslinking either with the addition of a curing agent (hardener), a catalyst and/or by heat. Common polymeric resin families that are used to formulate structural adhesives. These adhesive categories as epoxy, polyurethane, acrylic, anaerobic acrylic, MMA, cyanoacrylate, reactive urethane and silicone.

Epoxies are a very versatile family of structural adhesives which bond well to many substrates. It can be easily modified. It offers a wide range of properties and find extensive use in the automotive, industrial and aerospace industry. Modified (meth) acrylic adhesives are one of the most popular structural adhesives, normally used in pressure sensitive applications. Anaerobic acrylic is mainly used to augment the seal of threads or joints and keep holding the joined assemblies. Cyanoacrylate adhesives are kind of superglues offers excellent shear strength and fast curing time, employed to less environmental stress applications. Silicone adhesives have typically much lower shear strength than the other types of structural adhesives but excellent peel and impact strength and outstanding heat resistance. Silicone structural adhesives can be further classified as liquid-applied, curable, elastomeric materials. By nature, silicones have lower cohesive strength than other structural adhesives such as epoxies; however, this property is an advantage in a number of applications.

The global structural adhesive market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global structural adhesive market is growing at a fast pace and increasing its geographical footprint rapidly. The global structural adhesive market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to rapid industrialization and demand from the construction, consumer and automotive industry. The major growth driver for structural adhesive market globally is automotive sector where structural adhesive widely consumed for manufacturing the lightweight, energy-efficient, and high-performance vehicles. In additions, these adhesives are also increasingly used in aircraft, boats, and wind blades end user sectors.

Strict environmental regulation regarding use of chemicals in adhesives coupled with fluctuation in raw material cost may the major impediments to the expansion of global structural adhesive market.

Structural adhesive enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of structural adhesive market globally. The companies that lead global structural adhesive market are 3M Company, Henkel, Huntsman, H.B. Fuller, Sika, Illinois Tool Works, The Dow Chemical Company, Ashland Inc, Lord Corporation, Scott Bader Company, and others.

Research Methodology

The research process includes the market segmentation of the global structural adhesive market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global structural adhesive market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global structural adhesive industry dynamics.
• Estimation of the present global structural adhesive market size in terms of value and volume.
• Global structural adhesive market breakup based on type and application.
• Verified global structural adhesive market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global structural adhesive industry value chain.