The Structural Adhesives Market is poised for substantial growth in the coming years, with its value projected to increase from US$ 12.3 Billion in 2023 to US$ 21.3 Billion by 2033. This growth trajectory is underpinned by a robust compound annual growth rate (CAGR) of 5.6% during the forecast period. The automotive sector’s increasing adoption of structural adhesives across various applications, coupled with advancements in adhesive production technology, stands out as a key driver for this expansion.
The construction industry also plays a pivotal role in driving this market’s upward trajectory, as structural adhesives find a rising demand in applications like kitchen interiors, roofing, window panels, and wall coverings. This demand is further propelled by burgeoning government-backed infrastructure and redevelopment projects, particularly in emerging economies. These projects are set to fuel the global structural adhesives market by offering significant opportunities for growth.
The global structural adhesives market is on a robust growth path, buoyed by the expanding adoption of these adhesives in the automotive and construction sectors, supported by technological advancements. While regulatory constraints pose challenges, the market is likely to continue its upward trajectory, with steady growth expected throughout the forecast period.
Discover growth opportunities and assess market potential with an industry overview. Download our sample now and stay ahead of the curve! https://www.futuremarketinsights.com/reports/sample/rep-gb-2667
Key Takeaways from the Structural Adhesives Market
- The segment for polyurethanes is anticipated to experience the highest CAGR growth of 5.1% during the forecast period. The growth is attributed towards its uses in various end user industries.
- With a revenue share of over 25.0% in 2021, the building and construction sector had the greatest revenue share. Construction expenditures are predicted to rise as a result of economic development and population growth.
- The Asia Pacific area had the largest percentage of almost 30% in terms of revenue in 2021. Its expansion is due to a surge in construction activity in countries including China, India, Japan, South Korea, and Indonesia.
- U.S. will generate revenue of USD 4.2 Bn by 2033 due to the rise in construction and building maintenance activity.
- About 35 to 40 percent of the demand is met by the top 6 to 8 companies. Small and medium-sized firms, which are gradually dispersing across the regions, collectively account for the remaining 60% of the market.
- In terms of revenue share in 2021, Europe came in second. The construction industry is a significant contributor to the region’s GDP, accounting for around 9% of total product demand in this area.
Request a Complete Table of Contents (TOC) with figures to get a comprehensive overview of the report’s structure and key findings @ https://www.futuremarketinsights.com/toc/rep-gb-2667
Competitive Landscape
The presence of a sizable number of local and international companies across geographies is what distinguishes the fragmented global structural adhesive market. Important participants include 3M, Sika, Henkel, H.B. Fuller, and Arkema (Bostik).
The majority of major players are attempting to grow their businesses through lucrative alliances, acquisitions of small or mid-sized active vendors, or the acquisition of a specific adhesive sector to increase their footprint across the globe.
- Arkema completed the acquisition of Ashland’s Performance Adhesives division in February 2022. Structural adhesives are among the products available under this division. The acquisition was worth USD 1.65 billion. The acquisition supported Arkema’s strategy to become a pure speciality material provider by 2024 and strengthened the company’s Adhesive Solutions division.
- DuPont said in May 2021 that it will increase the output of its high-performance automobile adhesives at its manufacturing facilities in Germany and Switzerland by investing USD 5 million in capital and operating resources. This facility is planned to advance the production of the company’s goods, including BETAFORCE TC, BETATECH, BETAMETA, and BETASEAL.
Some of the leading companies operating in the Structural Adhesives Market are
- Henkel AG & Co. KGaA
- Dow
- 3M
- H. B. Fuller Company
- Franklin International
- AVERY DENNISON CORPORATION
- Ashland
- Lord Corporation (Parker Hannifin Corp.)
- Arkema
- Hubei Huitian Adhesive Enterprise Co., Ltd.
Unlock the secrets to success with our comprehensive report. Buy now and stay ahead of the curve @ https://www.futuremarketinsights.com/checkout/2667
Key Segments in the Structural Adhesives Market
Structural Adhesives Market by Product Type:
- Epoxy-based Structural Adhesives
- One Component
- Two Component
- Acrylic-based Structural Adhesives
- Polyurethane-based Structural Adhesives
- Cyanoacrylates
- Others
Structural Adhesives Market by Application:
- Structural Adhesives for Transportation Sector
- Structural Adhesives for Automotive Sector
- Structural Adhesives for Aerospace Sector
- Structural Adhesives for Marine Sector
- Structural Adhesives for Building & Construction Sector
- Structural Adhesives for Energy Sector
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
