Global Structural Adhesive Market

Structural Adhesive Market Size, Share, Growth Analysis, By Resin(Epoxy, Polyurethane, Acrylic, Methyl Methacrylate), By Technology(Water-based, Solvent-based, and Others), By Substrate(Plastic, Metal, Wood, Composites), By Application(Building & Construction, Bus & Truck, Automotive, Aerospace), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2301 | Region: Global | Published Date: September, 2024
Pages: 184 | Tables: 94 | Figures: 76

Structural Adhesive Market Competitive Landscape

The global structural adhesives market is very competitive because of the existence of multinationals such as Henkel AG & Co. KGaA, 3M, HB Fuller the business, & others. These companies are extensively involved in quick development and research activities for developing novel products. The increasing demand for structure adhesive has also spurred new and developing firms to enter the industry.

Structural Adhesive Market Top Player’s Company Profiles

  • 3M Company (USA) 
  • Huntsman Corporation (USA) 
  • Arkema S.A. (France) 
  • Sika AG (Switzerland) 
  • Ashland Global Holdings Inc. (USA) 
  • Dow Inc. (USA) 
  • Permabond LLC (UK) 
  • H.B. Fuller Company (USA) 
  • Avery Dennison Corporation (USA) 
  • Master Bond Inc. (USA) 
  • ITW Polymers Adhesives (USA) 
  • Dymax Corporation (USA) 
  • Weicon GmbH & Co. KG (Germany) 
  • DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany) 
  • Jowat SE (Germany) 
  • Parson Adhesives (USA)

Structural Adhesive Market Recent Development

  • In May 2024,Syensqo to showcase two-part adhesive for aerospace manufacturers 
  • In January 2024, Global chemistry business, Scott Bader, has begun production of its structural adhesives and gelcoats at a new $12.5 million manufacturing facility in Mocksville. 
  • In January 2024, Park Aerospace Corp. announces introduction of Aeroadhere™ FAE-350-1 structural film adhesive product. 
  • In October 2023, Bostik Showcases New Adhesives Range at The India Battery Show 2023. 
  • In June 2023, Park Aerospace Corp. unveiled Aeroadhere FAE-350-1, a novel structural film adhesive designed to join primary and secondary structures. 
  • In October 2022, Elixir (Bengaluru, India) and Scott Bader (Wellingborough, UK) joined to market Crestabond structural adhesives across India. The news aligns with the company's pledge to assist the Indian composites business, which was made in April 2022. 
  • In February 2022, Arkema completed its acquisition of Ashland's Performance Adhesives division. Structural adhesives are among the products available in this area. The acquisition was worth USD 1.65 billion. The acquisition bolstered Arkema's Adhesive Solutions sector and was in line with the company's objective of becoming a pure specialty material provider by 2024. 
  • In February 2022, H.B. Fuller Company announced the completion of its acquisition of Apollo, a maker of liquid adhesives, coatings, & primers for the roofing material, industrial, and construction markets. Apollo is projected to boost H.B. Fuller's position in key high-value, high-margin sectors throughout the UK and Europe. Apollo is going to operate within H.B. Fuller's current Building adhesives & Engineering Adhesives company divisions. 
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FAQs

Global Structural Adhesive Market size was valued at USD 12.9 Billion in 2022 and is expected to grow from USD 13.6 Billion in 2023 to reach USD 21.1 Billion by 2031, at a CAGR of 5.6% during the forecast period (2024-2031).

The global structural adhesives market is very competitive because of the existence of multinationals such as Henkel AG & Co. KGaA, 3M, HB Fuller the business, & others. These companies are extensively involved in quick development and research activities for developing novel products. The increasing demand for structure adhesive has also spurred new and developing firms to enter the industry. '3M Company (USA) ', 'Huntsman Corporation (USA) ', 'Arkema S.A. (France) ', 'Sika AG (Switzerland) ', 'Ashland Global Holdings Inc. (USA) ', 'Dow Inc. (USA) ', 'Permabond LLC (UK) ', 'H.B. Fuller Company (USA) ', 'Avery Dennison Corporation (USA) ', 'Master Bond Inc. (USA) ', 'ITW Polymers Adhesives (USA) ', 'Dymax Corporation (USA) ', 'Weicon GmbH & Co. KG (Germany) ', 'DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany) ', 'Jowat SE (Germany) ', 'Parson Adhesives (USA)'

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Increasing adoption of foldable smartphones: Foldable smartphones with flexible displays have gained significant attention in the market. These devices offer a larger display area when unfolded and enhanced portability when folded. Several major smartphone manufacturers have launched foldable devices, driving the market growth for flexible displays.

With the largest revenue share of 34.9% in the structural adhesives market in 2023, Asia Pacific led the market. The expanding construction sector in nations like China, India, and Japan is the main cause of the strong demand in the Asia Pacific area. China has the fastest pace of urbanization in the world, according to the International Trade Administration. As the nation's economy grows more environmentally friendly, there will be more prospects for low-carbon development, such as green buildings. 

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Global Structural Adhesive Market

Report ID: SQMIG15E2301

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