Structural Adhesives Market Report 2024

This Structural Adhesives market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The structural adhesives market size has grown strongly in recent years. It will grow from $16.13 billion in 2023 to $17.26 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The expansion observed during the historical period can be linked to advancements in synthetic polymers, growth in the aerospace sector, heightened use of composite materials, a rising demand for lightweight and fuel-efficient vehicles, and an increase in construction activities.

The structural adhesives market size is expected to see strong growth in the next few years. It will grow to $22.72 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth during the forecast period is driven by rising complexity, globalization, adherence to strict regulations, enhanced investment in research and development, and a growing focus on eco-friendly and sustainable products. Key trends in the forecast period include the emergence of high-performance materials, smart adhesives, green chemistry, recyclability and biodegradability, as well as hybrid systems.

The increase in construction activities is anticipated to drive the growth of the structural adhesives market in the future. These activities encompass the planning, design, and construction of various structures, including residential, commercial, and infrastructure projects. Factors such as urbanization, government initiatives, infrastructure development, and population growth are contributing to this rise. Structural adhesives improve the strength and durability of materials, making them well-suited for contemporary construction needs. Their effectiveness in bonding different substrates meets the demand for quicker, more dependable building solutions as construction activities expand. For example, TST Europe reported in June 2024 that total construction spending in the U.S. reached $1.98 trillion in 2023, representing a 7.4% increase from the previous year. Additionally, the number of construction firms in the U.S. was approximately 745,000 as of 2023. Hence, the surge in construction activities is fueling the growth of the structural adhesives market.

Leading companies in the structural adhesives sector are creating innovative products using methacrylate technology to improve bonding performance, especially for high-strength and durable applications. Methacrylate adhesives are recognized for their strong adhesion to various substrates, including metals, composites, and plastics. For instance, in April 2023, Scott Bader, a UK chemical manufacturing firm, introduced Crestabond M1-60HV/2 and M1-90HV/2, advanced structural adhesives developed to fulfill the bonding needs of most assembly operations. The Crestabond HV/2 series features advanced two-component acrylic adhesives that offer paintability and standability for improved aesthetics. They include long open times and sag resistance, making them suitable for vertical applications. With minimal surface preparation and primer-less application, they can fill gaps up to 50 mm while providing high toughness and impact resistance.

In July 2024, Meridian Adhesives Group, a U.S. adhesive solution provider, acquired Bondloc UK Ltd. for an undisclosed sum. This acquisition aims to expand Meridian's product range and strengthen its presence in the adhesive market. By utilizing Bondloc’s established brand and technological expertise, the acquisition is expected to foster innovation and growth. Bondloc UK Ltd. specializes in the production of structural adhesives.

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.

Asia-Pacific was the largest region in the structural adhesives market in 2023. The regions covered in the structural adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the structural adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Structural adhesives are robust adhesives designed to bond components that support loads or maintain structural integrity. These adhesives create strong, enduring bonds that can endure environmental conditions such as heat, moisture, and chemical exposure, serving as alternatives to traditional mechanical fasteners such as bolts and welds.

The primary product types in the structural adhesives market include epoxy, acrylic, urethanes, cyanoacrylate, and others. Epoxy is a synthetic resin that hardens into a strong, resilient material when combined with a hardener. Various technologies are available, such as water-based, solvent-based, and others, with multiple substrates including metal, composite, wood, and plastic. Applications span across building and construction, automotive, buses and trucks, wind energy, marine, rail, aerospace, and more.

The structural adhesives market research report is one of a series of new reports that provides structural adhesives market statistics, including structural adhesives industry global market size, regional shares, competitors with a structural adhesives market share, detailed structural adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the structural adhesives industry. This structural adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The structural adhesives market consists of sales of primers, activators, curing agents, and sealants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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