Global Structural Adhesives Market Expansion at 6.7% CAGR, Valued at $23.83 Billion by 2029

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What Are the Structural Adhesives Market Size Forecast for 2025?
There has been a significant expansion in the size of the structural adhesives market recently. It is expected to rise from $17.26 billion in 2024 to $18.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%. Factors that contributed to its growth in the historical period include advancements in synthetic polymers, expansion in the aerospace industry, increased use of composite materials, a growing demand for vehicles that are light in weight and fuel efficient, as well as progression in the construction industry.

What Is the Market Size Outlook for Structural Adhesives Until 2029?
The market size for structural adhesives is predicted to witness robust expansion in the coming years, reaching a valuation of $23.83 billion in 2029 at a 6.7% compound annual growth rate (CAGR). This projected growth in the forecasted period is due to factors such as rising complexity, globalization, adherence to strict regulatory frameworks, heightened R&D investment, and a growing focus on environmentally friendly and sustainable products. Key trends for the forecasted period encompass superior quality materials, intelligent adhesives, eco-friendly chemistry, recyclability, biodegradability, and hybrid systems.

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What Are the Major Factors Driving Demand in the Structural Adhesives Market?
The growth of the structural adhesives market is anticipated to be driven by the surge in construction activities. These activities consist of the planning, creation, and assembly of structures related to residential, commercial, and infrastructure projects. The increase in construction works can be attributed to urbanization, government schemes, infrastructure projects, and population expansion. Structural adhesives enhance the robustness and longevity of materials, making them perfect for contemporary construction applications. Their efficiency in bonding different substrates meets the rising demand for quicker and more dependable building solutions in burgeoning construction activities. For instance, TST Europe, a Swiss firm specializing in fast-release couplings and coupling systems, reported in June 2024 that the total construction expenditure in the U.S. reached $1.98 trillion in 2023, demonstrating a 7.4% surge from the previous year. As of 2023, the U.S. had around 745,000 construction businesses. Thus, the surging construction activities are fueling the structural adhesives market's expansion.

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How Are End-Use Segments Shaping the Structural Adhesives Market Outlook?
The structural adhesives market 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

What Are the Strategic Trends Transforming the Structural Adhesives Market Landscape?
Leading entities in the structural adhesives industry are utilizing methacrylate technology to create innovative products, delivering improved bonding efficacy especially for robust and long-lasting applications. A renowned attribute of methacrylate adhesives is their superior binding capacity with diverse substrates such as metals, composites and plastics. In the specific instance of April 2023, Scott Bader, a chemical manufacturing organisation based in the UK, unveiled the Crestabond M1-60HV/2 and M1-90HV/2. These are advanced structural adhesives concocted by Scott Bader using methacrylate technology, designed to effectively cater to most assembly operations. The Crestabond HV/2 offerings are sophisticated two-component acrylic structural adhesives that promise standability and paintability, allowing enhanced visual appeal. They demonstrate extended open times and sag resistance, hence proving suitable for vertical applications. These adhesives require no primer and minimal surface preparation, and facilitate gap-filling up to 50 mm, thus ensuring high toughness and resistance to impact.

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Who Are the Prominent Companies in the Structural Adhesives Market by ?
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 Region Is Expected to See the Highest CAGR 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.

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