Global Structural Adhesives Market (2018 to 2024) - Featuring Ashland Global Holdings, Shanghai Huitian New Material & Scott Bader Company Among Others -

The "Structural Adhesives Market Research Report: By Type, Technology, Application - Global Industry Growth Forecast to 2024" report has been added to's offering.

The global structural adhesives market was valued at $11,677.9 million in 2018 and is projected to reach $15,683.0 million by 2024, progressing at a CAGR of 5.2% during the forecast period (2019-2024). Among all types of structural adhesives, acrylic adhesives held the largest share in the market during the historical period.

As per analysis, the epoxy category is expected to witness the fastest growth in the market. This growth can be mainly driven by the increasing demand for construction materials, owing to the rise in infrastructural projects and their characteristics of fast curing when exposed to ultraviolet light, air, and pressure. Epoxy adhesives are required in construction to bond various similar and dissimilar substrates, including metals, ceramics, wood, rubber, marble, and glass, owing to high strength and excellent ageing properties. This has resulted their wide usage in other application areas such as in the manufacturing of optics and optoelectronics.

The shift in the demand of structural adhesives over traditional fasteners is majorly witnessed by the transportation industry, owing to the increasing preference for high structural strength vehicles, such as airplanes, automobiles, and ships. This shift is driven by the low cost, light weight, fuel economy, aesthetics, and eco-friendliness of structural adhesives over fasteners. Furthermore, structural adhesives possess protective inert barrier between potentially corrosive metals, a natural watertight barrier, and the ability to lower differential expansion rates. With growing constraints for weight and maximizing fuel economy, the adoption of adhesives in the industry is expected to improve and carve niche areas of interest.

Increase in the demand for structural adhesives in infrastructure is a major growth driver for the structural adhesives market. These adhesives are considered as one of the key composite materials used to bond various surfaces and repair a variety of infrastructural applications from bridges to roads and railways. These products have high strength and resistance toward weather, temperature, and chemical. The growth of the market is aligned with the increase in infrastructural development projects. Rising population and urbanization has led development of various residential and commercial projects, which increase the demand for structural adhesives, owing to their high usage in various bonding applications.

China is expected to lead the APAC structural adhesives market, generating revenue of over $4,267.1 million in 2024. This can be mainly attributed to an increase in the demand for heavy-lifting equipment, owing to growth in the construction industry. Furthermore, rapid industrial and infrastructural growth along with renovation projects are pushing the demand for composite materials, and thereby, driving the growth of the market.

Companies Mentioned

  • Ashland Global Holdings Inc.
  • Shanghai Huitian New Material Co. Ltd.
  • Scott Bader Company Ltd.
  • DuPont de Nemours Inc.
  • Parker Hannifin Corporation
  • H.B. Fuller Company
  • Illinois Tool Works Inc.
  • Henkel AG & Co. KGaA
  • Sika AG
  • The 3M Company
  • Arkema Group

Key Topics Covered:

1. Research Background

2. Research Methodology

3. Executive Summary

4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type Epoxy Polyurethane Acrylic Cyanoacrylate Others

4.1.2 By Technology Solvent-based Water-based Solid reactive Others

4.1.3 By Application Building & construction Aerospace Automotive Footwear DIY Woodworking Wind Energy Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends Shift from traditional fasteners to structural adhesives

4.3.2 Drivers Growing demand for structural adhesives in infrastructure Growing demand for structural adhesives in footwear industry Impact analysis of drivers on market forecast

4.3.3 Restraints Regulations aimed at limiting/lowering VOC emissions Impact analysis of restraints on market forecast

4.3.4 Opportunities Growing industrial usage

5. Global Market Size and Forecast

5.1 By Type

5.2 By Technology

5.3 By Application

5.4 By Region

6. North America Market Size and Forecast

7. Europe Market Size and Forecast

8. APAC Market Size and Forecast

9. RoW Market Size and Forecast

10. Competitive Landscape

10.1 Market Share Analysis of Key Players

10.2 Strategic Developments of Key Players

10.2.1 Mergers & Acquisitions

10.2.2 Geographical Expansions

10.2.3 Production Facility

10.2.4 Product Launches

10.2.5 Other Developments

10.3 Competitive Benchmarking of Key Players

11. Company Profiles

12. Appendix

For more information about this report visit