How big is the structural adhesive market?

The global structural adhesive market size was estimated at USD 20.19 billion in 2022 and is expected to reach USD 21.28 billion in 2023

What is the structural adhesive market growth?

The global structural adhesive market is expected to grow at a compound annual growth rate of 5.9% from 2023 to 2030 to reach USD 31.87 billion by 2030.

Which segment accounted for the largest structural adhesive market share?

Water based technology dominated the structural adhesive market with a share of 46.6% in 2022. This is attributable to environment-friendly and economically viable products that have wide bonding application in leather, wood, paper, and textiles.

Who are the key players in the structural adhesive market?

Some key players operating in the structural adhesive market include The Dow Chemical Company, 3M Company, Sika AG, Henkel AG & Co., Lord Corporation, Ashland Inc., Scott Bade Company, and Ried BV.

What are the factors driving the structural adhesive market?

Key factors that are driving the structural adhesive market growth include growing demand from end-use industries including construction, transportation, and furniture, and increasing composites utilization.