Structural Adhesives Market Comprehensive Research Study, Business Overview and Regional Forecast to 2029 | Expert Review

The structural adhesives market is experiencing strong growth driven by rising demand in automotive, construction, and aerospace sectors. Key players such as 3M, Henkel, Sika, and H.B. Fuller are investing in innovative, high-strength, and lightweight bonding solutions to meet evolving industry needs, positioning themselves as leaders in this expanding global market.
The global structural adhesives market size was USD 13.5 billion in 2024 and is projected to reach USD 17.7 billion by 2029, at a CAGR of 5.5% between 2024 and 2029. This article delves into the competition landscape, structural adhesives market growth [https://www.marketsandmarkets.com/Market-Reports/structural-adhesives-market-209974695.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=structuraladhesives] prospects, opportunities, drivers, constraints, major market players, current market trends, and regional insights shaping the market. Increasing penetration of composites, increasing demand for non-hazardous, green, and sustainable structural adhesives, and demand for lightweight and low carbon-emitting vehicles and aircraft are expected to increase the demand for structural adhesives in the next five years.

The structural adhesives market is dominated by the composites category, which is expanding at the quickest rate. Fiber-reinforced polymers, sometimes referred to as polymer matrix composites, are mostly utilized in place of metal for vehicle bodywork, retaining structures, body armor, and casings. Composite adhesives are the most effective substitute for traditional joining methods and are mostly utilized in the bonding of lightweight turbine blades. Composites are replacing metals in transportation and automotive applications since they can't be welded together, necessitating the use of composite substrate bonding adhesives.

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The growing usage of plastics and composites is driving up demand for structural adhesives containing cyanoacrylate. Furthermore, cyanoacrylates' superior toughness and strong shear strength fuel demand for them. It is anticipated that the "Digital India Program," an effort of the Indian government, will be crucial in boosting the nation's output of electronic goods like laptops and smartphones. Furthermore, the country's production of electronics is probably going to grow in the upcoming years, which would enhance demand for cyanoacrylate adhesives. Because cyanoacrylate adhesives have a quick drying period and a high skin adherence, they are also employed in medical applications like sewing wounds.

Over the course of the projection period, the category with the highest growth is expected to be reactive and other adhesive technologies. Because worries about solvent emissions are growing, adhesives based on these technologies are predicted to replace solvent-based adhesives. They are becoming more and more popular since they don't require the drying process, which is energy-intensive and releases solvent emissions into the atmosphere.

The market for structural adhesives is expected to grow at the fastest rate during the forecast period due to the wind energy application. The demand for longer and lighter wind blades is driving up demand for structural adhesives, which in turn is driving many designers and engineers to create structures that offer excellent fatigue resistance, durability, and ease of installation. Additionally, the need for wind energy is growing due to several European standards that require a 40% reduction in carbon emissions by 2030.

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Asia Pacific is expected to register the highest CAGR in terms of value during the forecast period. This growth is primarily due to higher growth prospects in the transportation and renewable energy industries, which encourage multinational companies to invest more in this region. Previously, Asia Pacific dominated the structural adhesives market, followed by North America and Europe.

Structural Adhesives Companies [https://www.marketsandmarkets.com/ResearchInsight/structural-adhesives-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=structuraladhesives]

The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), 3M (US), DuPont (US), and Huntsman Corporation (US). The companies are majorly following product developments, acquisitions, investments, expansions, and agreements as the strategy to grow and expand the market.

Henkel has a wide and well-balanced business and works on a global scale. It produces and sells adhesives, laundry, cosmetics, and home care items all over the world. Three business segments comprise the company's operations: corporate, consumer brands, and adhesive technology. The adhesive technology section produces structural adhesives. Henkel provides a wide range of applications to meet the demands of various target markets, including consumers, artisans, and industrial enterprises. The world's leading manufacturer of adhesives, sealants, and functional coatings is Henkel Adhesive Technologies. The structural adhesives are manufactured under the LOCTITE, TECHNOMELT, and TEROSON.

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Differentiated organic chemical products are manufactured by Huntsman Corporation. Polyurethanes, Performance Products, and Advanced Materials are its three operating segments. The Polyurethanes section produces and sells polyurethane chemicals, such as MTBE, PO, polyols, TPU, aniline, and MDI products. A range of consumer and industrial end markets are served by the production and sales of amines, surfactants, LAB, and maleic anhydride by the Performance Products sector. Basic liquid and solid epoxy resins, custom resin compounds, matting and curing agents, cross-linking agents, and epoxy, acrylic, and polyurethane-based polymer goods are all offered under the Advanced Materials section.

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