The Structural Adhesives market (構造用接着剤市場) is anticipated to experience a Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2032. With a valuation of US$ 14.74 billion in 2022, the global market for structural adhesives is projected to achieve a revenue of US$ 28.2 billion by the culmination of 2032.

Structural adhesives play a crucial role in various industries, including automotive, aerospace, construction, and electronics, due to their high bonding strength, durability, and resistance to environmental factors. The global structural adhesives market has witnessed significant growth in recent years and is expected to continue this trend in the coming years.

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Market Dynamics

The growth of the structural adhesives market (Marché des adhésifs structurels) is driven by several factors, including the increasing demand for lightweight materials in the automotive and aerospace industries, stringent regulations regarding fuel efficiency and emissions, and the growing trend of electric vehicles. Structural adhesives offer advantages over traditional mechanical fasteners, such as reduced weight, improved aesthetics, and enhanced durability, which has led to their widespread adoption in various applications.

Market Future Outlook

The future outlook for the structural adhesives market (구조용 접착제 시장) looks promising, with a strong demand expected from emerging economies in Asia-Pacific and Latin America. The increasing focus on sustainability and the development of bio-based adhesives are also expected to drive market growth in the coming years. However, challenges such as the high cost of structural adhesives compared to traditional fasteners and issues related to bond durability and reliability may hinder market growth to some extent.

Market Insights

The automotive industry is the largest consumer of structural adhesives, accounting for a significant share of the market. The use of structural adhesives in automotive assembly provides several benefits, including improved crash performance, reduced noise and vibration, and enhanced structural integrity. The aerospace industry is another key end-use sector for structural adhesives, where they are used in aircraft assembly, interior bonding, and composite manufacturing.

Key Players

  • 3M Company
  • Sika AG
  • Henkel AG & Co. KGaA
  • The Dow Chemical Company
  • H.B.Fuller
  • Scott Bader Co.
  • Uniseal Inc.
  • Huntsman Corporation
  • Ashland Inc.
  • Lord Corporation
  • Illinois Tool Works Inc.

Competitive Landscape

Key structural adhesive manufacturers are making significant investments in research and development to create innovative products that meet the latest sustainability standards and do not contain volatile organic compounds (VOCs). Additionally, these manufacturers are focusing on developing application-specific adhesives to enhance their market presence in specific industry sectors.

In May 2022, Bostik, the adhesive division of Arkema, introduced a new adhesive solution as part of its 'Responsibly for Hygiene' initiative. The latest addition to the Nuplaviva series, the Nuplaviva i90 Hot-Melt Wetness Indicator, is manufactured using renewable resources. This marks the third solution in the Nuplaviva range of adhesives, showcasing Bostik's commitment to environmentally-friendly and sustainable products.

Key Segments Covered in Structural Adhesives Industry Research

  • By Resin Type :
    • Epoxy Structural Adhesives
    • Polyurethane (PU) Structural Adhesives
    • Acrylic Adhesives
    • Cyanoacrylate
  • By Application :
    • Building & Construction
    • Bus & Truck Manufacturing
    • Aerospace & Defense Manufacturing
    • Wind Energy Equipment Manufacturing
    • Marine Equipment Manufacturing
    • Rail Equipment & Components
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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