The global structural adhesives market is expected to increase at a 6.8% CAGR between 2024 and 2031, reaching USD 23.5 billion from USD 14.2 billion in 2024.
Asia-Pacific dominates the market, with YY% of the global share. Key criteria include expanding demand in the automotive and aerospace industries, a growing preference for lightweight materials in manufacturing, and increased use of adhesives as alternatives to mechanical fasteners.
The structural adhesives market is rising rapidly due to technological advances in adhesive formulations, an increased emphasis on energy efficiency and sustainability in manufacturing processes, and an expanded application scope across a wide range of end-use industries. The transition to electric vehicles, as well as the increased emphasis on composite materials in the aerospace and wind energy sectors, are propelling market growth.
Market Trend: Bio-based Structural Adhesives
Growing development and adoption of eco-friendly, bio-based structural adhesives to meet sustainability goals and regulatory requirements. The structural adhesives business is seeing a substantial increase in the development and use of bio-based and environmentally friendly adhesive solutions. Environmental concerns, severe controls on volatile organic compound (VOC) emissions, and rising customer demand for sustainable products are all driving this trend.
Manufacturers are investing in R&D to produce structural adhesives made from renewable resources such as plant oils, lignin, and cellulose. For example, Henkel has launched a line of bio-based structural adhesives under the Loctite name, which perform similarly to classic petroleum-based products. These bio-based adhesives not only cut carbon footprints, but they also improve worker safety and have a lower environmental impact. As sustainability becomes a top priority across industries, demand for bio-based structural adhesives is predicted to skyrocket, possibly changing the market landscape.
Market Driver: Lightweight Materials in Automotive and Aerospace Industries
The increasing use of lightweight materials in automotive and aerospace manufacturing is driving demand for advanced structural adhesives. The automotive and aerospace industries' demand for lightweighting to enhance fuel efficiency and lower emissions is a major driver of the structural adhesives market.
As manufacturers increasingly use lightweight materials like aluminium, composites, and sophisticated polymers, traditional connecting methods like welding and mechanical fasteners become less effective. Structural adhesives are an effective option for connecting different materials, allowing the construction of lightweight, high-strength structures. In the automobile industry, the increasing production of electric vehicles, which rely largely on lightweight construction to enhance battery range, is driving up demand for structural adhesives.
Similarly, the use of composite materials in aeroplane construction needs better bonding techniques. For example, Boeing's 787 Dreamliner's composite airframe makes substantial use of structural adhesives. This trend towards lightweight materials is projected to drive more innovation in structural adhesive formulations adapted to specific material combinations and performance requirements.
Market restraint: performance limitations in extreme conditions
Concerns about the long-term durability and performance of structural adhesives under extreme environmental conditions pose challenges to market growth in certain applications.Despite advances in adhesive technology, worries concerning structural adhesives' long-term performance under harsh environments continue to be a serious barrier. High temperatures, humidity, UV radiation, and chemical exposure can all damage adhesive bonding over time, generating concerns about structural integrity and safety, especially in important applications like aerospace and automobiles.
The unpredictability in performance across diverse environmental conditions and substrates might make it difficult for engineers to predict long-term reliability, causing concern in using adhesives for certain high-stakes applications. The lack of standardised testing methodologies for long-term durability under varied environmental pressures complicates the evaluation and selection process even more. To overcome these problems, adhesive producers are investing heavily in R&D to increase their products' environmental resistance as well as develop more effective testing and prediction methodologies. However, overcoming these performance restrictions and instilling confidence in long-term reliability is a constant problem for the industry.
Automotive Segment
The automotive segment dominates the structural adhesives market, driven by the industry's focus on lightweighting and increased use of mixed-material assemblies. Structural adhesives are essential in modern car manufacturing because they allow for the bonding of different materials and help to reduce vehicle weight. The increased use of aluminium, composites, and innovative high-strength steels in vehicle building is driving the segment's rise. The automotive structural adhesives market is expected to increase at a 7.5% annual pace until 2023, reaching $4.8 billion.
Recent advancements include the use of fast-curing structural adhesives intended to increase production efficiency in car assembly lines. For example, 3M introduced a new generation of structural adhesives with shorter cure times and increased impact resistance, designed exclusively for automotive applications. The growing popularity of electric vehicles is spurring innovation in structural adhesives, with manufacturers creating new formulas optimised for battery assembly and temperature control.
Dominating Region: Asia-Pacific
Asia-Pacific dominates the worldwide structural adhesives market, owing to fast industrialisation, strong expansion in the automotive and electronics industries, and ongoing infrastructure development. The region's prominence is due to the presence of large manufacturing hubs in China, Japan, South Korea, and India. These countries have seen considerable expansion in important end-use industries such as automotive, electronics, and construction, all of which are heavy users of structural adhesives.
The region's rapidly rising economies are investing extensively in infrastructure development and industrial expansion, resulting in a high need for sophisticated bonding solutions. Furthermore, due to lower production costs and favourable government regulations, manufacturing operations are shifting to Asia-Pacific countries, which is driving the market even more.
Recent news shows the continued expansion of production capacity in Asia-Pacific. In 2023, Henkel announced intentions to boost structural adhesives production capacity in China by 30% to meet rising regional demand. The growing emphasis on electric vehicle production in nations such as China and South Korea is fuelling investment in specialised structural adhesives for battery and lightweight vehicle assembly.
Asia-Pacific will account for roughly YY% of global structural adhesives market revenue in 2023. China accounts for over YY% of the Asia-Pacific market, with demand increasing at an annual pace of 7-8%. The region's manufacturing leadership and increasing adoption of innovative materials and technologies are projected to help it maintain its dominant position in the global structural adhesives market.
The structural adhesives industry is characterised by the presence of large multinational firms as well as specialised adhesive makers. Henkel AG & Co. KGaA, 3M Company, Sika AG, and H.B. Fuller Company dominate the market, owing to their excellent R&D capabilities, diverse product portfolios, and global distribution networks. To sustain their competitive advantage, these organisations are focussing on product innovation, expanding into high-growth markets, and forming strategic alliances.
Recent strategic decisions include investments in sustainable adhesive solutions and increased manufacturing capacity in new markets. For example, in 2021, Sika AG purchased Hamatite, The Yokohama Rubber Co., Ltd.'s adhesives business, therefore boosting its position in the Japanese automotive and construction adhesives sectors. Companies are also focussing on developing customised solutions for specific industry requirements, such as fast-curing adhesives for automobile assembly lines or specialised formulas for composite bonding in aerospace applications.
Financially, the market leaders have demonstrated consistent growth. Henkel's Adhesive Technologies business unit recorded 5.4% organic sales growth in 2023, on to strong demand in the automotive and electronics sectors. 3M's Industrial Business sector, which includes structural adhesives, experienced a 3.5% organic local currency sales gain during the same period.
In the future, companies are expected to focus on developing more environmentally friendly adhesive formulations, improving durability and performance in extreme conditions, and expanding their product offerings for emerging applications such as electric vehicles and renewable energy infrastructure. Efforts to increase the recyclability and repairability of bonded structures will also impact competitive tactics in the next few years.
The structural adhesives market is undergoing a significant shift owing to the confluence of lightweighting trends in manufacturing, an increased emphasis on sustainability, and rising applications in high-tech industries. Our analysis shows that, while traditional applications in automotive and aerospace will continue to be primary growth drivers, huge potential exists in developing enhanced formulations for new materials and demanding environments.
The development of "smart" structural adhesives with built-in sensing capabilities is an emerging trend worth keeping an eye on. These revolutionary adhesives could include nanoparticles or other technologies that allow for real-time monitoring of bond integrity, stress distribution, or environmental conditions. Early adopters in this field could gain a major competitive edge, particularly in essential applications requiring safety and reliability, such as aircraft or infrastructure. Furthermore, the growing emphasis on circular economy concepts may spur research in reversible or reworkable structural adhesives, potentially opening up new business areas centred on product disassembly and material recovery.
Henkel AG & Co. KGaA
3M Company
Sika AG
H.B. Fuller Company
Huntsman Corporation
Dow Inc.
Arkema Group
Lord Corporation
Illinois Tool Works Inc.
Ashland Global Holdings Inc.
Scott Bader Company Ltd.
Permabond LLC
September 2023: Henkel introduced a new line of sustainable structural adhesives made from bio-based raw materials, with up to 80% renewable content and strong performance standards.
April 2024: 3M released an innovative structural adhesive specifically intended for electric car battery assembly, with superior thermal management qualities and quick curing capabilities to increase production efficiency.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)
5. COMPANY PROFILES
5.1. Henkel AG & Co. KGaA
5.2. 3M Company
5.3. Sika AG
5.4. H.B. Fuller Company
5.5. Huntsman Corporation
5.6. Dow Inc.
5.7. Arkema Group
5.8. Lord Corporation
5.9. Illinois Tool Works Inc.
5.10. Ashland Global Holdings Inc.
5.11. Scott Bader Company Ltd.
5.12. Permabond LLC (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Bio-based structural adhesives
6.1.2. Development of smart adhesives with sensing capabilities
6.1.3. Increasing focus on recyclable and reworkable adhesives
6.2. Market Drivers
6.2.1. Lightweight Materials in Automotive and Aerospace Industries
6.2.2. Growing Demand in Electronics and Renewable Energy Sectors
6.2.3. Increasing Adoption of Adhesives over Mechanical Fasteners
6.3. Market Restraints
6.3.1. Performance Limitations in Extreme Conditions
6.3.2. Challenges in Recycling and Disassembly of Bonded Structures
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Epoxy
7.2. Polyurethane
7.3. Acrylic
7.4. Methyl Methacrylate
7.5. Cyanoacrylate
7.6. Others
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH)--2020-2031)
8.1. Automotive
8.2. Aerospace
8.3. Building & Construction
8.4. Bus & Truck
8.5. Marine
8.6. Wind Energy
8.7. Others
9. BY SUBSTRATE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Metals
9.2. Plastics
9.3. Composites
9.4. Wood
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%, YOY GROWTH)--2020-2031.
By Type:
Epoxy
Polyurethane
Acrylic
Methyl Methacrylate
Cyanoacrylate
Others
By Application:
Automotive
Aerospace
Building & Construction
Bus & Truck
Marine
Wind Energy
Others
By Substrate:
Metals
Plastics
Composites
Wood
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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