Structural Adhesives Market (By Type: Epoxy, Urethane, Acrylics, Cyanoacrylate, Others; By End-Use: Automotive, Aerospace, Building & Construction, Wind Energy, Marine, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Published at : April-2019 | Delivery Format : PDF | Status: Published | Pages : 160

The global structural adhesives market size is expected to reach around US$ 16.4 billion by 2026 growing with a CAGR around 6.5 % throughout the forecast period 2019 to 2026.

The report provides analysis of global Structural Adhesives market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year.

Increased demand for structural adhesion products from the building and construction sectors and wind energy sectors worldwide drives the global market for structural adhesives. As far as demand is concerned, Asia Pacific has a dominant share of the global market in structural adhesives. A structural stick is a type of stick used to produce a load-bearing joint. It can hold two or more substrates for the whole life cycle of a product together. Also known as load bearing adhesives are structural adhesives. The adhesive types are mostly used for applications where joint strengths typically exceed 1 Mega Pascal 1 MPa, and usually are exceed 10 Mega Pascal. In constant bonding and high-strength applications, such as buses and camions, ambulance and recreational vehicles, structural sticks are widely used. They have very high peel and shear strength and are adapted to bond various materials with high strength.

Industry Outlook

The automotive industry continues to develop lightweight and fuel-efficient vehicles that can significantly reduce carbon dioxide emissions. Strict carbon dioxide emission regulations are imposed throughout the world. In reducing carbon dioxide emissions, structural adhesives play an important role. They offer structural strength to vehicles. They have the capacity to connect different surfaces. In contrast to the mechanical method for attachment such as welding, bolting and soldering, the use of structural adhesives makes the cars lighter, calmer and safer. Structural adhesives are known to evenly distribute load over a surface, resulting in greater efficiency than mechanical fastening, which in combined parts generate local stress. At present, an average car uses around 15 kg of adhesives. In the next few years, this amount is likely to increase. Because of their advantages over other types of adhesives, structural adhesives are preferably used in the interior, exterior and aircraft engine compartments. Higher weight is imposed on structural adhesives and the distribution of stresses and strains across the joints is improved. They also retain integrity and solidity, because the structure is not weakened by any hole, rivet or fixing element. During the forecast period the above factors are provisionally projected to fuel demand worldwide for structural adhesives.

The global market for structural adhesives is divided into automotive, building and building, marine, aerospace, wind and other industries based on end-use industries. The other segment includes sports equipment, equipment and furniture. Due to the increasing demand for structural adhesives for recreational and lightweight vehicles, the car industry was one of the highly attractive sectors of the global structural adhesives market in 2017. In the automotive industry, structural adhesives are used significantly because they can better adhere to different substrates such as steel and plastics.

On the basis of type, epoxy, acrylic, cyanoacrylate, urethane and others were divided into the global structural adhesives market. The other segment includes silicone, vinyl acetate and anaerobic adhesives. In 2017, the urethane segment played a leading role in the global market for structural adhesives. Due to the cost-efficient and fast-curing nature of Uretans, the segment is likely to remain highly attractive during the forecast period. Urethanes are also strongly attached to larger areas, giving them a competitive advantage over other stickers.

Market Dynamics

Increasing investments in Asia-Pacific developing economies in various user end-use industries, like construction, automotive, wind, etc, are the major drivers in the structural adhesive market. Countries like India and ASEAN, together with government policies to raise domestic adhesive producers and to help increase their base in the overseas countries, have shown an increase in private investment driving market research.

Strict environmental rules are impeding the structural adhesives market in North America and Europe

The environment is affected by volatile organic compounds (VOC) emitted during the use of structural adhesives. Several countries have established guidelines limiting the amount of VOCs issued in industrial structural adhesives. Manufacturing operations are bound by rules and regulations for the evaluation, recording, storage, use, handling and carriage of and emission, effluents and other wastes of certain substances. Violation of these regulations is expected in future business activities to lead to legal obligations. These environmental regulations contain demand for residential and non-residential construction structural adhesives as there are plans to attract heavy sanctions against these government regulations. Rapid development and urbanization have increased the pollution of the air around the world, affecting people's health. Many developing and developed countries are pressured to draw up rules and rules concerning controlling VOC emissions by domestic and international regulatory bodies in order to reduce pollution levels. The global health and agriculture are posed by severe health hazards by AIDS, such as VOCs, particulate matter, carbon monoxide, nitrogen oxides and sulfur dioxide. In urban areas, VOCs are major air pollutants. To facilitate effective air pollution control, emission standards have been fixed. These standards set allowable limitations that organizations like the Central Pollution Control Council, the Ministry of the Environment and Forests, the Indian Standards Bureau, the World Health Organization and the National Emissions Inventory formulate. The NEI is a combination of data collected from different sources, including the industrial sector, EPA models and a wide range of state and local agencies.

Regional Snapshots

Based in the region, North America, Europe, Asia-Pacific, Middle East & Africa and Latin America are world-class structural adhesives markets. Asia Pacific was a leading global market region in 2017 with regard to value and volume. Due to the growth in the automotive & construction industry and the presence of major structural adhesive manufacturers in the area, the regional markets are expected to expand rapidly during the forecast period. Significant consumers of structural adhesives are Europe and North America. However, EU countries are developing new policies which will oblige manufacturers to produce bio-based adhesives to reduce environmental impacts. These policies for the manufacturers of structural adhesives are getting increasingly stringent. In Latin America, the market for structural adhesives is expected to expand slow-moderately over the forecast period because in those areas the demand for structural adhesives will increase due to an expansion in the automotive sector in those areas over the coming years.

Market Segmentation

Structural Adhesives Market by Type

  • Epoxy
  • Urethane
  • Acrylics
  • Cyanoacrylate
  • Others

Structural Adhesives Market by End-Use

  • Automotive
  • Aerospace
  • Building & Construction
  • Wind Energy
  • Marine
  • Others

Global Structural Adhesives Market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

The market research study on “Structural Adhesives Market (By Type: Epoxy, Urethane, Acrylics, Cyanoacrylate, Others; By End-Use: Automotive, Aerospace, Building & Construction, Wind Energy, Marine, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Structural Adhesives market segments with market dynamics and their impact. The report provides insights on global Structural Adhesives market by equipment, by application, and major geographic regions. The report also covers basic technology development policies.

The report offers an overview of the market and statistical diagrams to support the expected figures. Our analysts predict the market scope and future prospects in an insightful way. The Acumen Research and Consulting report contains a comprehensive analysis of the global market in Structural Adhesives segmented by molecular type, test type and region. The report outlines numerous growth strategies implemented by companies as well as the latest market trends. The market share and current position of all leading players are discussed in detail. It analyzes players ' new revenue sources and highlights the different strategies.

Key Players

The Structural Adhesives market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Henkel AG & Co., Hubei Huitian new materials stock Co., Ltd. KGaA, 3 M, Sika AG, Huntsman international LLC, Illinois Tool Works inc., H.B. Fuller, H.B. Hubei, Ashland, DowDuPont, MAPEI S.p. A, MAPEI S, Scott Bader Company Ltd., among others.

With the attendance of many small and medium-sized manufacturers, the market is fragmented. The strong presence of local manufacturers and suppliers, particularly in China, is one of the main reasons for market fragmentation. In addition, companies focus on product adaptation, strategic partnerships and new customer acquisitions to gain more market shares.

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