Americas Structural Adhesives Market | Key players operating in the market include Henkel AG, H.B. Fuller, Dow Inc., 3M, Arkema

According to recent market research "Americas Structural Adhesives Market by Type (Acrylic, Epoxy, Methacrylate, Polyurethane), Application (Automotive & Transportation, Building & Construction, Marine, Wind), Region (North America, South America) - Forecasts to 2026", size will grow to USD 3.8 billion by 2026 from USD 3.0 billion in 2021, at a CAGR of 5.1% during the 2021-2026 period. The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives in wind energy, marine, building & construction, and automotive applications.

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Epoxy is the largest type in the Americas Structural Adhesives market in terms of volume. Epoxy adhesives are significantly used in the structural adhesives market owing to their excellent chemical resistance, low shrinkage value, and less volatile compounds produced during curing. These adhesives are formulated according to the end-application requirements. For aerospace, high-performance epoxy adhesives are formulated with different epoxy resins and hardeners in comparison to the ones used in the construction industry.

Wind energy is the fastest-growing application in Americas Structural Adhesives market, in terms of volume. The demand for wind energy is increasing due to its environmental benefits. It reduces dependence on fossil fuels for our energy requirements. The wind energy industry also offers the benefits of reducing greenhouse gases emission and enables the reduction of costs of power generation as compared to energy derived from nuclear or thermal power.

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The Americas Structural Adhesives market is projected to grow from USD 3.0 billion in 2021 to USD 3.8 billion by 2026, at a CAGR of 5.1% between 2021 and 2026. The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives in wind energy, marine, building & construction, and automotive applications.

The key market players are Henkel AG (Germany), H.B. Fuller (US), Dow Inc. (US), 3M (US), and Arkema (Bostik SA) (France). These players have adopted various strategies, such as acquisition, investment, expansion, new product launch, partnership and agreement to grow in the market. The new product lunch was the key strategy adopted by the major players between 2016 and 2021. This strategy strengthened their product portfolio and market position.

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Henkel AG operates globally with a well-balanced and diversified portfolio. The company operates through four main business segments, namely, adhesive technologies, laundry & home care, beauty care, and corporate. Adhesives & sealants are produced under the adhesive technologies segment. Henkel offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. In May 2021, Henkel, in line with its sustainability priorities, announces the development and commercial availability of LOCTITE HHD 3544F, the industry’s first bio-based polyurethane reactive (PUR) hot melt designed for consumer electronics assembly; approximately two-thirds of its content is sourced from renewable, plant-based feedstocks. This is Henkel’s first consumer electronics-specific, bio-based PUR hot melt adhesive.

H.B. Fuller is a leading formulator, manufacturer, and marketer of adhesives, sealants, and other specialty chemical products. It is active in the field of adhesives for various applications such as assembly of electronic devices, vehicle assembly, packaging, and flexible packaging. The company has a strong customer base and operates in several countries across Europe, North America, and APAC, among other regions. In June 2017, the company acquired Adecol Ind. Química Ltda. (Brazil), a manufacturer of quality adhesive technologies. It has enhanced its width & depth of adhesives products portfolio business in Brazil with this acquisition.

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