The global structural adhesives market industry size was USD 13.5 billion in 2024 and is projected to reach USD 17.7 billion by 2029, at a CAGR of 5.5% between 2024 and 2029. The market for structural adhesives is expanding due to the growing applications in wind energy, marine, building & construction, and automotive industries, which are using more modified epoxies and polyurethane adhesives, as well as methyl methacrylate adhesives.
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The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), 3M (US), DuPont (US), and Huntsman Corporation (US). The companies are majorly following product developments, acquisitions, investments, expansions, and agreements as the strategy to grow and expand the market.
Henkel has a wide and well-balanced business and works on a global scale. It produces and sells adhesives, laundry, cosmetics, and home care items all over the world. Three business segments comprise the company's operations: corporate, consumer brands, and adhesive technology. The adhesive technology section produces structural adhesives. Henkel provides a wide range of applications to meet the demands of various target markets, including consumers, artisans, and industrial enterprises. The world's leading manufacturer of adhesives, sealants, and functional coatings is Henkel Adhesive Technologies. The structural adhesives are manufactured under the LOCTITE, TECHNOMELT, and TEROSON.
Differentiated organic chemical products are manufactured by Huntsman Corporation. Polyurethanes, Performance Products, and Advanced Materials are its three operating segments. The Polyurethanes section produces and sells polyurethane chemicals, such as MTBE, PO, polyols, TPU, aniline, and MDI products. A range of consumer and industrial end markets are served by the production and sales of amines, surfactants, LAB, and maleic anhydride by the Performance Products sector. Basic liquid and solid epoxy resins, custom resin compounds, matting and curing agents, cross-linking agents, and epoxy, acrylic, and polyurethane-based polymer goods are all offered under the Advanced Materials section.
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Frequently
Asked Questions (FAQs) in Structural Adhesive Market Industry
1. What are the growth driving factors of structural adhesives?
A. The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives, in the wind energy, marine, building & construction, and automotive applications.
2. What are the major applications for structural adhesives?
A. The major applications of structural adhesives are building & construction, automotive, bus & truck, wind, marine, rail, aerospace, and others.
3. Who are the major manufacturers?
A. Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), 3M (US), DuPont (US), and Huntsman Corporation (US) are some of the leading players operating in the global structural adhesives market.
4. What are the reasons behind structural adhesives gaining market share?
A. Structural adhesives coating are gaining market share due to growing automotive industry.
5. Which is the largest region in the structural adhesives market?
A. Asia Pacific is the largest region in structural adhesives market.
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