Shipbuilding Adhesives Industry Research: at a CAGR of 5.4% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Shipbuilding Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Shipbuilding Adhesives market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Shipbuilding Adhesives was estimated to be worth US$ 1390 million in 2024 and is forecast to a readjusted size of US$ 2084 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.

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Shipbuilding Adhesives Market: Global Analysis and Outlook

1. Product Overview
Shipbuilding Adhesives are a specialized class of bonding materials-both natural and synthetic-used to firmly join components in vessel construction and repair. By leveraging adhesion and cohesion forces, these adhesives simplify manufacturing processes, shorten shipbuilding cycles, enhance vessel reliability and safety, and reduce labor intensity. They are integral to modern shipbuilding, enabling advanced designs and improved performance.

2. Market Size and Growth
According to the QYResearch report, "Shipbuilding Adhesives - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031," the global market is projected to reach USD 2.08 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period.

3. Competitive Landscape
The market is highly concentrated and structured. Key global manufacturers include Henkel Adhesives, Sika, 3M, Gurit, H.B. Fuller, Bostik, Permabond, Parker US, IPS Adhesives, Evonik Crosslinkers, KLEIBERIT, Gairesa, and NATCON.

In 2024, the top five players-Henkel, Sika, 3M, Gurit, and H.B. Fuller-collectively held approximately 49.0% of global market revenue. The competitive hierarchy is clear:

Three Dominant Giants: Henkel, Sika, and 3M command over 40% market share, leveraging global brands, comprehensive technology portfolios, and extensive support networks.

Specialist Leader: Gurit holds an irreplaceable position as the expert in composite material bonding, enjoying high pricing power and customer loyalty in its niche.

Tiered Market Structure: Large manufacturers compete on scale and diversification, while specialists thrive through deep technical expertise in specific applications.

4. Top Manufacturer Profiles

Henkel Adhesives
A global leader offering a full range of marine-grade solutions under brands like Loctite and Thalosson. Its epoxy, polyurethane, and MS polymer-based products provide superior salt spray resistance, vibration damping, and flame retardancy, complying with major classification society standards (DNV-GL, ABS). Henkel supports the entire shipbuilding process with global technical service, serving everything from luxury yachts to large commercial vessels.

Sika
A leading supplier of construction chemicals and industrial adhesives, Sika serves the marine industry through flagship brands like Sikaflex and SikaForce. Its high-performance polyurethane, epoxy, and modified polymer solutions are engineered for extreme marine conditions, offering excellent UV resistance, corrosion resistance, and dynamic load adaptability. Sika provides end-to-end support for cruise ships, naval vessels, and commercial ships, facilitating lightweight design and long-term protection.

3M
Leveraging its materials science platform, 3M provides a comprehensive portfolio of marine adhesives, including its Scotch-Weld series of structural adhesives and sealants. These products offer exceptional corrosion resistance, peel strength, and vibration damping, designed for critical applications such as deck panel bonding and composite hull assembly. Through its global network, 3M delivers solutions that meet classification standards, supporting innovation and process optimization in shipbuilding.

5. Industry Chain Analysis
The shipbuilding adhesives value chain is technology-intensive:

Upstream: Dominated by chemical giants supplying essential raw materials. Key players include BASF and Dow Chemical (epoxy/polyurethane resins), Evonik (specialty curing agents), Huntsman (MDI systems), and Cabot (reinforcing fillers).

Downstream: Encompasses the entire vessel lifecycle, from newbuild to maintenance. Applications range from cruise ship deck installations (using Henkel adhesives) and LNG carrier insulation bonding (using Sika products) to composite hull splicing (using 3M adhesives) in specialized shipyards. The chain is evolving in sync with upstream bio-material innovation and downstream demand for green shipbuilding.

6. Key Market Trends

Trend 1: Accelerated Adoption of Green & Sustainable Materials
Driven by stringent IMO environmental regulations, the industry is rapidly shifting toward low-VOC, solvent-free, and bio-based adhesives. Waterborne polyurethane and low-styrene epoxy systems are gaining penetration, with leading companies introducing adhesives derived from renewable resources. This green transition improves workplace safety and helps shipyards reduce emissions treatment costs.

Trend 2: Rising Demand for High Performance & Multifunctionality
To meet the demands of new ship designs and harsh operating environments, adhesives are evolving beyond simple bonding. Next-generation products integrate structural reinforcement, flame retardancy, and damping properties. They must maintain high strength retention, fatigue resistance, and performance across extreme temperatures, especially in specialized vessels like polar icebreakers and LNG carriers.

Trend 3: Process Innovation for Enhanced Construction Efficiency
Facing industry pressure to reduce costs and shorten build times, adhesive suppliers are innovating in both product formulation and application. Rapid-cure systems, extended work-life products, and packaging suited for automated dispensing are becoming standard. Combined with robotic application, these advances boost productivity, reduce waste, and lower dependency on highly skilled labor.

7. Market Opportunities

Opportunity 1: Global Shipbuilding Recovery & New Vessel Technology
A robust orderbook for container ships and LNG carriers is driving direct demand for adhesives. Concurrently, IMO energy efficiency mandates are accelerating the use of lightweight composites in superstructures, further boosting the need for high-performance structural adhesives. This dual engine of volume and technology upgrades presents a solid growth foundation.

Opportunity 2: Regulatory Push Toward Green Shipbuilding
Tightening global regulations on ship VOC emissions are accelerating the replacement of solvent-based adhesives with water-based and solvent-free alternatives. Simultaneously, lightweighting requirements to improve fuel efficiency are expanding the use of composites, creating sustained demand for advanced bonding solutions.

Opportunity 3: Growing Maintenance & Repair Market
As the global fleet expands, the maintenance, repair, and overhaul (MRO) sector offers steady demand. Adhesive bonding, with advantages like uniform stress distribution, superior fatigue resistance, and excellent sealing, is progressively replacing traditional welding and mechanical fastening in applications such as deck overlays and cabin outfitting.

8. Market Challenges

Challenge 1: Stringent Certification & Long Qualification Cycles
Marine adhesives must undergo comprehensive, lengthy certification by classification societies (e.g., DNV, ABS, CCS) to prove durability under salt spray, vibration, and temperature extremes. This process can take 2-4 years, with certification costs exceeding 30% of total development expenditure, creating high barriers to entry and slowing product iteration.

Challenge 2: Process Inertia & Specialized Application Requirements
The shipbuilding industry's deep-rooted reliance on welding and mechanical fastening creates resistance to adhesive adoption. Successful bonding requires precise surface preparation, controlled environmental conditions, and skilled labor. This need for process change and specialized training makes many shipyards cautious about transitioning to adhesive technologies.

Challenge 3: Cost Sensitivity & Supply Chain Volatility
Shipbuilding is highly cost-competitive, and marine-grade adhesives are typically 3-5 times more expensive than industrial-grade alternatives. Moreover, key raw material prices (e.g., epoxy resins, isocyanates) are volatile, influenced by oil prices and geopolitics. This cost pressure and supply chain instability push shipyards to favor proven, traditional solutions.



The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Shipbuilding Adhesives market is segmented as below:
By Company
3M
Bostik
Evonik Crosslinkers
Gairesa
Gurit
H.B. Fuller
Henkel Adhesives
IPS Adhesives
KLEIBERIT
NATCON
Parker US
Permabond
Sika

Segment by Type
Structural Adhesives
Non-structural Adhesives

Segment by Application
Hull Composite Materials
Hull Metal Structures
Cabin Interiors
Sealing and Anti-Corrosion
Others

Each chapter of the report provides detailed information for readers to further understand the Shipbuilding Adhesives market:

Chapter 1: Introduces the report scope of the Shipbuilding Adhesives report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Shipbuilding Adhesives manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Shipbuilding Adhesives market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Shipbuilding Adhesives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Shipbuilding Adhesives in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Shipbuilding Adhesives competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Shipbuilding Adhesives comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Shipbuilding Adhesives market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Shipbuilding Adhesives Market Research Report 2025
Global Shipbuilding Adhesives Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Shipbuilding Adhesives Market Insights, Forecast to 2031

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