Structural Adhesives Market on Track for Strong Growth, Estimated to Grow at 7% CAGR Through 2029

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What Is the Expected CAGR for the Structural Adhesives Market Through 2025?
In recent times, there has been a significant increase in the size of the structural adhesives market. The market, projected to escalate from a worth of $17.26 billion in 2024 to $18.53 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 7.3%. Factors like the advancement of synthetic polymers, expansion of the aerospace industry, growing utilization of composite materials, an uptick in the need for lightweight and fuel-efficient vehicles as well as the expansion of the construction industry are responsible for the noted growth during the historic period.

What's the Projected Size of the Global Structural Adhesives Market by 2029?
Anticipated to experience substantial expansion in the coming years, the structural adhesives market is forecasted to reach a valuation of $24.29 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.0%. The projected growth during the predicted period is due to factors such as escalating complexity, global expansion, adherence to strict regulations, amplified R&D investment, and an increasing focus on green and sustainable goods. The forecast period is also expected to see significant trends including advanced materials, intelligent adhesives, eco-friendly chemistry, recyclability, biodegradability, and hybrid systems.

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Top Growth Drivers in the Structural Adhesives Industry: What's Accelerating the Market?
The growth of the structural adhesives market is expected to be driven forward by increasing construction activities. These activities encompass the strategizing, creation and erection* of infrastructures such as commercial and residential properties, and other similar projects. The uptick in construction movements can be credited to a multitude of elements, encompassing urban expansion, initiatives by governments, development of infrastructure and a growing global population. Structural adhesives play a crucial role in these undertakings by enhancing the resilience and robustness of construction materials, making them optimal for contemporary construction applications. Their ability to efficiently adhere diverse substrates serves the increasing need for quicker, more dependable architectural solutions in burgeoning construction ventures. For instance, a Switzerland-based manufacturer known for its specialization in quick release couplings and coupling systems, TST Europe, asserted that in June 2024, total construction expenditure in the U.S. had touched $1.98 trillion in 2023, marking a 7.4% ascent from the prior year. As of 2023, approximately 745,000 construction firms were operational in the U.S. Hence, the burgeoning construction activities are instrumental in propelling the growth of the structural adhesives market.

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What Trends Will Shape the Structural Adhesives Market Through 2029 and Beyond?
Key players in the structural adhesives market are leveraging methacrylate technology to create innovative products that boost the adhesive performance, especially for durable and high-strength applications. Noted for their exceptional ability to adhere to a variety of materials such as metals, composites, and plastics, methacrylate adhesives are gaining popularity. As an illustration, in April 2023, the UK-based chemical manufacturing company, Scott Bader, announced the launch of Crestabond M1-60HV/2 and M1-90HV/2. These are progressive structural adhesives formulated by Scott Bader via methacrylate technology, designed to address the bonding needs of the majority of assembly operations. The Crestabond HV/2 series are sophisticated dual-component acrylic structural adhesives equipped with enhanced aesthetics through paintability and standability features. They come with extended open times and sag resistance, making them suitable for vertical applications. With minimal surface preparation and primer-less application, they are capable of gap-filling up to 50 mm, thereby offering high toughness and resistance to impacts.

What Are the Main 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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Which Top Companies are Driving Growth in the Structural Adhesives Market?
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

Which Regions Will Dominate the Structural Adhesives Market Through 2029?
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.

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