Structural Adhesives Market Size (2024 - 2029)

The Structural Adhesives Market is projected to experience significant growth over the forecast period, driven by increasing investments in developing economies and rising demand from the construction and automotive sectors. Despite the challenges posed by environmental and health concerns, the market is expected to expand, with opportunities arising from research into underwater structural adhesives. The Asia-Pacific region, particularly China, currently leads in market consumption, reflecting its substantial market size.

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Market Size of Structural Adhesives Industry

Structural Adhesives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 19.22 Billion
Market Size (2029) USD 27.78 Billion
CAGR (2024 - 2029) 7.64 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Structural Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Structural Adhesives Market Analysis

The Structural Adhesives Market size is estimated at USD 19.22 billion in 2024, and is expected to reach USD 27.78 billion by 2029, growing at a CAGR of 7.64% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. However, it recovered significantly in 2021, owing to rising consumption from various end-user industries, such as construction, automotive, and wind energy.

  • Over the short term, the increasing investments in developing Asia-Pacific economies and increasing demand from the global construction and automotive sectors may drive the market studied.
  • However, growing environmental and health concerns are expected to hinder the growth of the studied market.
  • The growing research on underwater structural adhesives is likely to act as an opportunity for market growth in the future.
  • Asia-Pacific dominated the market, with the most significant consumption recorded in China.

Structural Adhesives Industry Segmentation

An adhesive that hardens or cures into a material that can hold two or more substrates together while withstanding the forces involved in the product's lifespan is referred to as a structural adhesive. It is also referred to as a "load-bearing" adhesive. Epoxies, methacrylates, polyurethanes, and cyanoacrylate adhesives are the types of adhesives that can hold things together. 

The structural adhesives market is segmented by resin type, end-user industry, and geography. By resin type, the market is segmented into epoxy, polyurethane, acrylic, cyanoacrylate, methyl methacrylate, and other resin types. By end-user industry, the market is segmented into construction, automotive, aerospace, wind energy, and other end-user industries. The report covers the sizes and forecasts for the structural adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

By Resin Type
Epoxy
Polyurethane
Acrylic
Cyanoacrylate
Methyl Methacrylate
Other Resin Types
By End-user Industry
Construction
Automotive
Aerospace
Wind Energy
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Structural Adhesives Market Size Summary

The structural adhesives market is poised for significant growth, driven by increasing demand from the construction, automotive, and wind energy sectors. The market experienced a downturn due to the COVID-19 pandemic but rebounded strongly as these industries ramped up activities. The Asia-Pacific region, particularly China, leads in consumption, supported by robust construction and automotive production. Structural adhesives are crucial in construction for their durability, energy efficiency, and aesthetic appeal, extending the life cycle of structures. The market's expansion is further bolstered by investments in developing economies and the growing trend of prefabricated buildings in China, aimed at reducing construction waste.

Despite the positive outlook, the market faces challenges from environmental and health concerns. However, opportunities exist in the form of research into underwater structural adhesives. The market is characterized by a mix of international and domestic players, with companies like Henkel AG & Co. KGaA, Sika AG, 3M, H.B. Fuller Company, and Arkema playing significant roles. Recent strategic acquisitions, such as Arkema's purchase of Ashland's Performance Adhesives business and H.B. Fuller's acquisition of Apollo, highlight efforts to strengthen market positions and expand into high-value areas. These developments are expected to further influence the market dynamics over the forecast period.

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Structural Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increase in Investments in Developing Economies in Asia-Pacific

      2. 1.1.2 Increasing Demand from the Global Construction and Automotive Sectors

    2. 1.2 Restraints

      1. 1.2.1 Growing Environmental and Health Concerns

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyurethane

      3. 2.1.3 Acrylic

      4. 2.1.4 Cyanoacrylate

      5. 2.1.5 Methyl Methacrylate

      6. 2.1.6 Other Resin Types

    2. 2.2 By End-user Industry

      1. 2.2.1 Construction

      2. 2.2.2 Automotive

      3. 2.2.3 Aerospace

      4. 2.2.4 Wind Energy

      5. 2.2.5 Other End-user Industries

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Structural Adhesives Market Size FAQs

The Structural Adhesives Market size is expected to reach USD 19.22 billion in 2024 and grow at a CAGR of 7.64% to reach USD 27.78 billion by 2029.

In 2024, the Structural Adhesives Market size is expected to reach USD 19.22 billion.

Structural Adhesive Market Report Snapshots

Structural Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)