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Structural Adhesives Market Size Forecasted To Achieve $24.29 Billion By 2029 With Steady Growth
Structural Adhesives Market Size
What Is the Structural Adhesives Market Size and Projected Growth Rate?
The structural adhesives market size will grow from $17.26 billion in 2024 to $18.53 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. This growth is due to synthetic polymer development, aerospace industry expansion, composite material usage, demand for lightweight vehicles, and construction industry growth.
The structural adhesives market size is expected to reach $24.29 billion by 2029, growing at a CAGR of 7.0%. Growth is attributed to increasing complexity, globalization, regulatory compliance, R&D investment, and eco-friendly product demand. Key trends include high-performance materials, smart adhesives, green chemistry, recyclability, biodegradability, and hybrid systems.
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What Are the Major Segments in the Structural Adhesives Market?
The structural adhesivesmarket covered in this report is segmented -
1) By Product Type: Epoxy, Acrylic, Urethanes, Cyanoacrylate, Other Product Types
2) By Technology: Water-Based, Solvent-Based, Other Technologies
3) By Substrate: Metal, Composite, Wood, Plastic
4) By Application: Building And Construction, Automotive, Bus And Truck, Wind, Marine, Rail, Aerospace, Other Application
Subsegments:
1) By Epoxy: One-Part Epoxy, Two-Part Epoxy, Specialty Epoxy
2) By Acrylic: Methyl Methacrylate (MMA), Acrylate Adhesives, Modified Acrylics
3) By Urethanes: Polyurethane Adhesives, Moisture-Cured Urethanes, Reactive Urethanes
4) By Cyanoacrylate: Low-Viscosity Cyanoacrylate, Medium-Viscosity Cyanoacrylate, High-Viscosity Cyanoacrylate
5) Other Product Types: Silicone Adhesives, Polyamide Adhesives, Anaerobic Adhesives
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What Are The Driving Structural Adhesives Market Evolution?
The rise in construction activities is expected to propel the structural adhesives market. The demand for new residential, commercial, and infrastructure projects is driving growth in the sector. Structural adhesives enhance the strength and durability of construction materials, helping meet the growing need for faster, more reliable building solutions. A report from TST Europe in June 2024 indicated a 7.4% increase in U.S. construction spending, supporting the expansion of the structural adhesives market.
Which Firms Dominate The Structural Adhesives Market Segments?
Major companies operating in the structural adhesives market are Illinois Tool Works Inc., Parker-Hannifin Corporation, Sika Corporation, The Dow Chemical Company, 3M Company, E I du Pont de Nemours and Company (DuPont), Henkel AG & Co. KGaA, Arkema SA, Huntsman Advanced Materials, Ashland Performance Materials, HB Fuller Company, Tesa SE, Ellsworth Adhesives, Bostik SA, Delo Industrial Adhesives, Scott Bader Company Limited, Chemence Ltd., Soudal Group, Weicon GmbH & Co. KG, Permabond LLC, Loxeal Engineering Adhesives, Master Bond Inc., Engineered Bonding Solutions LLC, Bondloc UK Limited, Ried BV
What Are the Latest Developing Trends in the Structural Adhesives Market?
Companies in the structural adhesives market are focusing on the development of high-performance products using methacrylate technology to improve bonding strength and durability. Methacrylate adhesives provide excellent adhesion to materials like metals and composites. In April 2023, Scott Bader, a UK-based chemical manufacturer, introduced Crestabond M1-60HV/2 and M1-90HV/2, advanced adhesives using methacrylate technology. These adhesives are designed for demanding applications, offering enhanced toughness, impact resistance, and aesthetic benefits through features like long open times and sag resistance.
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Which Is The Largest Region In The Structural Adhesives Market?
Asia-Pacific was the largest region in the structural adhesives market in 2024. The regions covered in the structural adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Structural Adhesives Market?
2. What is the CAGR expected in the Structural Adhesives Market?
3. What Are the Key Innovations Transforming the Structural Adhesives Industry?
4. Which Region Is Leading the Structural Adhesives Market?
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