Structural Adhesives Market Trends | Segmentation, Outlook, Industry Report to 2033
The structural adhesives market is expected to be worth US$ 12.3 billion in 2023, rising to US$ 21.3 billion by 2033. During the forecast period, structural adhesive sales are expected to grow at a significant CAGR of 5.6%.
The growing adoption of structural adhesives in the automotive sector for various end-use applications, as well as technological advancements in the production of adhesive products, is a major factor driving the growth of the global structural adhesives market.
Furthermore, rising demand for structural adhesives in the construction sector for applications such as kitchen interiors, roofing, window panels, and wall coverings is propelling the global structural adhesives market forward. Rising government infrastructure and redevelopment projects, particularly in emerging economies, are expected to drive growth in the global structural adhesives market during the forecast period.
The global market for structural adhesives is growing, but it is being constrained by strict regulations put in place by regulatory agencies to prevent harmful environmental consequences from structural adhesives.
For companies in the global structural adhesives market, increasing research and development efforts for the creation of safe, environmentally friendly structural adhesives with little to no environmental impact can open up profitable opportunities.
Request a Sample PDF@
https://www.futuremarketinsigh....ts.com/reports/sampl
Competitive Landscape
The presence of a sizable number of local and international companies across geographies is what distinguishes the fragmented global structural adhesive market. Important participants include 3M, Sika, Henkel, H.B. Fuller, and Arkema (Bostik).
The majority of major players are attempting to grow their businesses through lucrative alliances, acquisitions of small or mid-sized active vendors, or the acquisition of a specific adhesive sector to increase their footprint across the globe.
Arkema completed the acquisition of Ashland's Performance Adhesives division in February 2022. Structural adhesives are among the products available under this division. The acquisition was worth USD 1.65 billion. The acquisition supported Arkema's strategy to become a pure speciality material provider by 2024 and strengthened the company's Adhesive Solutions division.
DuPont said in May 2021 that it will increase the output of its high-performance automobile adhesives at its manufacturing facilities in Germany and Switzerland by investing USD 5 million in capital and operating resources. This facility is planned to advance the production of the company's goods, including BETAFORCE TC, BETATECH, BETAMETA, and BETASEAL.
Key Segments in the Structural Adhesives Market
Structural Adhesives Market by Product Type:
Epoxy-based Structural Adhesives
One Component
Two Component
Acrylic-based Structural Adhesives
Polyurethane-based Structural Adhesives
Cyanoacrylates
Others
Structural Adhesives Market by Application:
Structural Adhesives for Transportation Sector
Structural Adhesives for Automotive Sector
Structural Adhesives for Aerospace Sector
Structural Adhesives for Marine Sector
Structural Adhesives for Building & Construction Sector
Structural Adhesives for Energy Sector
Others
Browse latest Market Reports@
https://www.futuremarketinsigh....ts.com/category/chem
