Market Research Report
Global Structural Adhesives Market - 2019-2026
|Published by||DataM Intelligence||Product code||943338|
Delivery time: 1-2 business days
|Global Structural Adhesives Market - 2019-2026|
|Published: June 9, 2020||Content info:||
Structural adhesives are the load-bearing useful for hardening the material capable of holding the two or more substrates together. These adhesives are the ideal choice for bonding large material sheets. The structural adhesives fasten together elements to produce high modulus, high strength, and permanent bonds. These adhesives transmit the structural stress without loss of structural integrity within design limits. The structural adhesives market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for the structural adhesives for marine, automotive, aerospace, rail, building, and construction application due to the advantages of the structural adhesives for providing the better-finished appearance to an assembly in comparison to the say, rivets, or spot welding or screws. The structural adhesives provide high strength, load-bearing capability, durability, and resistance against impact, heat, fatigue, and solvents. These adhesives are effective for the prevention of the corrosion problems occurred due to joining the dissimilar materials.
The market is witnessing the launch of the structural adhesives. For instance, in March 2019, Huntsman Advanced Materials had expanded the structural adhesives portfolio, with the launch of two fast curing acrylate adhesives i.e. ARALDITE 2050 and ARALDITE 2051. These adhesives are designed to accelerate on- and off-site bonding, even under extreme conditions of temperature and humidity. These products provide the wide-ranging processing benefits to assembly, maintenance, and repair bonding operations in the bus and truck, railway, wind, and marine industries, along with general industrial applications.
In January 2018, Scott Bader had launched the Crestabond M1-10 Structural Adhesive developed by using the primer-less bonding technology. Crestabond M1-10 has a working time of 8-12 minutes and a fixture time of 16-23 minutes. It exhibits excellent fatigue and impact resistance, good gap-filling capability, and requires minimal surface preparation before bonding.
Several companies are focusing on expanding production capacity. For instance, in January 2017, Scott Bader had made the capital investment to expand production capacity for its range of Crestabond primer-less methyl methacrylate (MMA) structural adhesives. The company had installed the new mixer in the Structural Adhesives' facility in the UK plant in Wollaston, Northamptonshire. This mixer has resulted in increasing production capacity by around 50%.
The structural adhesives market is segmented based on the resin type as epoxy, polyurethane, acrylic, methyl methacrylate, cyanoacrylate, and others. The epoxy segment accounts for the highest market share due to the high usage of the epoxy resin in the aerospace, buses & trucks, and railways for bonding various substrates like ceramics, metal, wood, concrete, composites, and rubber due to their adherence properties such as high strength with mechanical, thermal, and electrical properties, and less emission of volatile organic compound (VOC). The market is dominated by the presence of several epoxy resins. For instance, 3M's Scotch-Weld Epoxy Adhesive 2216 B/A is a flexible, two-part, room temperature curing epoxy with high peel and shear strength, available in three versions. It has good retention of strength after environmental aging. It has resistant to extreme shock, vibration, and flexing.
The polyurethane adhesives segment is expected to have positive market growth due to the increasing usage of the polyurethane adhesives for the construction, aviation, and automotive industry. The polyurethane adhesives are widely used for the panel building, and wood joining. The polyurethane adhesives have high bonding strength and fast curing ability. The polyurethane adhesives are the ideal choice for the slightly flexible and low impact applications with large bonding areas. The polyurethane adhesives are also used for manufacturing the particleboard and replacing more traditional phenolic and urea-formaldehyde adhesives.
Further, the structural adhesives market is also classified based on application as the building & construction, automotive, bus & truck, aerospace, wind energy, rail, marine, and other. The automotive segment accounts for the highest market share due to the increasing usage of structural adhesives such as cars, buses, and trucks because these adhesives provide the lines with no protruding nails, rivets, or weld marks in the body. The structural adhesives provide better adhesion between distinct substrates such as steel and plastics. These adhesives are used in the doors, window glass attachments, brakes and clutch plates, and others. The replacement of the fasteners with adhesives can simplify the assembly process for auto manufacturers. These structural adhesives improve fuel efficiency by reducing vehicle weight through the reduction of fasteners.
The building & construction segment is expected to have positive market growth as there is the growing penetration of the structural adhesives for providing weatherability and durability to the architectural membranes, caulks, wires and cable, roofs, etc. The usage of the structural adhesives reduces the need for maintenance and extends the lifecycle of the building facades and bridges.
By region, the structural adhesives market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the structural adhesives market and expected to maintain its dominant position over the forecasted period. There is an increasing demand for the high-performance epoxy resin adhesive for automotive, aerospace, industrial maintenance, and concrete coatings applications. There is the presence of several companies with their structural adhesives manufacturing facilities. The growing construction industry shall boost the demand for structural adhesives. There is increasing federal and state funding for the development of public works and institutional buildings.
The Asia-Pacific region is expected to have positive market growth due to rapid industrialization. Several companies are shifting their manufacturing base of end-user industries. There is high usage of the structural adhesives for the floor systems, interior wallboard, and panels. The increasing demand for permanent, and non-slum houses in developing countries such as India, Brazil, China, Indonesia, and Vietnam. The growing automotive industry shall stimulate market growth. According to the International Organization of motor vehicle manufacturers (OICA), more than 8 million cars were sold in the Asia Pacific region. More than 29 million cars are sold in China followed by 5.2 million cars are sold in Japan and 4 million cars are sold in India.
The structural adhesives market is highly competitive with the presence of several international and local market players. The product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Henkel AG & Co. KGAA, Sika AG, 3M, Dupont (Dowdupont), Arkema (Bostik), H.B. Fuller, Ashland, and Lord Corporation are the leading market players with significant market share.
Companies are using novel product launches, capacity utilization, technology advancement, new product development, and market expansion strategies for holding their position in the market. For instance, in September 2019, Sika had opened the new factory for adhesives and acoustic products in Sao Paulo, Brazil. The new factory in Sao Paulo with its adjoining technology center would manufacture adhesives and a wide range of acoustic products for the automotive market in Latin America. The high-performance technologies are used in various applications, including acoustic and sealing applications, to reduce the noise level in cars, or to structurally bond vehicle body shells.
In 2013, Bostik had launched the SAF structural adhesives product line for industrial applications. These products would address the issues and provide better structural bonds in comparison to the existing solution.
In January 2013, Ashland Performance Materials had launched the Pliogrip 1100, a two-part methacrylate structural adhesive to provide longer work times at elevated ambient temperatures. Pliogrip 1100 adhesive provides 120-180 minutes of work time while maintaining a minimum of 45 minutes of work time at 97°F (36°C). It has the gap-filling capabilities and provides improved sag resistance, which are properties often required for bonding of large composite components in boat applications.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for structural adhesives and their expansion across the globe. For instance, in December 2018, Henkel had acquired all shares in Aislantes Nacionales S.A. In October 2017, Hexcel Corporation acquired the Structil SA, a joint venture between Safran Ceramics, a wholly-owned subsidiary of Safran, and Mitsubishi Chemical Corporation. Structil SA provides the prepregs, structural adhesives, and pultruded profiles used in engine nacelles, aerospace interiors, military jets, and others.
Several companies are raising investment for the expansion of the manufacturing facility. For instance, in June 2018, Lord Corp. had invested the USD 80 million for expansion and upgrade operations at its 250,000-sq.-ft. plant in Saegertown.