Structural Adhesives Market

Increasing government spending on public infrastructure and commercial buildings is boost market growth.

Numerous factors drive the market demand in the Structural Adhesives Market. Increasing demand for composites and lightweight metals in various end-user industries like the furniture sector, building and construction industry, transportation industry, and automotive industry drives the market demand in the global market during the review period. Moreover, expansion in government spending for various commercial buildings and public infrastructure is yet another factor that creates more market demand all across the globe during the forecasted period. 

Additionally, A rise in demand for Structural Adhesives Market all across the globe. With the growing advancement in technology, consumer preferences and lifestyle is changing very rapidly, and changing trends for interior and furniture design for various commercial and non-commercial buildings create various growth opportunities all across the globe during the forecasted period. Moreover, increasing initiatives taken by governments of various nations regarding smart city projects also provide various growth opportunities during the review period.

The automotive industry is experiencing a notable surge in the adoption of structural adhesives, driven by the need for lightweight materials and improved fuel efficiency. As vehicles become more complex, the Global Structural Adhesives Market Industry is projected to reach 22.5 USD Billion in 2024. Manufacturers are increasingly utilizing these adhesives for bonding components such as body panels and structural elements, which enhances vehicle performance and safety. This trend is anticipated to continue, with the automotive sector likely contributing significantly to the overall market growth, as it seeks innovative solutions to meet stringent regulatory standards and consumer expectations.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Being the fastest-growing region, the largest market share in the structural adhesives market all across the globe is held by the Asia-Pacific region owing to increasing demand coupled with rapid industrialization, especially in the furniture and construction industry drives the market demand in this region. Moreover increasing demand for adhesives in countries like Thailand, India, and China is another driving factor. Easy availability, subsidies, and government tax incentives are some other contributing factors.

Figure 3:  STRUCTURAL ADHESIVES MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The second-largest market share all across the globe is held by the North American region owing to the presence of various countries like the US, Canada, and Mexico which creates growth opportunities in this region. Moreover, increasing government and consumer spending on adhesives in the US drives the market demand in this region.

The third-largest market share in the global market is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover, the increasing presence of countries like Germany, Italy, and France creates more growth opportunities.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Structural Adhesives market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Structural Adhesives industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Structural Adhesives. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Structural Adhesives industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Structural Adhesives industry to benefit customers and expand the market sector. The Structural Adhesives market has recently given medicine some of the most important advantages. Major Structural Adhesives market players, including Ried B.V. Co., Hubei Huitian Adhesive Enterprise Co., Arkema S.A., Lord Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

Craft is a supplier intelligence company helping organizations accelerate data-informed business decisions. Our unique, proprietary data platform enables supply chain and procurement professionals to discover, evaluate, and monitor suppliers and create stronger supply chain resilience by tracking thousands of real-time signals across millions of companies globally.

Also, Gharda Chemicals is a chemical manufacturer. It offers intermediates, polymers, pigments, plant protection and public health products, dyestuffs, pesticides, and veterinary drugs.

Park Aerospace Corp. plans to launch the AeroadhereTM FAE-350-1 structural film adhesive product in 2023. The new AeroadhereTM FAE-350-1 Structural Film Adhesive Product from Park aircraft Corp. is intended to be used for bonding primary and secondary aircraft structures. Film adhesive Aeroadhere FAE-350-1 is based on an epoxy formulation that cures at 350°F. It is intended for use in bonding applications between composites, metals, and honeycombs as well as between composites and composites.

The new HD Max Construction Adhesive, which DAP unveiled in 2024, is a hybrid compound with polyurethane strength that offers strong adhesion and endurance even in the most extreme conditions. Designed for demanding uses, DAP's HD Max comes in a 28-fl.-oz cartridge.