Americas Structural Adhesives Market By Resin (Polyurethane, Epoxy, Acrylic, Cyanoacrylate, Methyl Methacrylate, Phenolics & Others), By Type (Solvent-based, Water based & Others), By Substrate (Metal, Plastic, Composites, Wood & Others), By Application (Concrete to Concrete Bonding, Ceramic Tiles to Concrete Bonding, Masonry, Construction Panels, Outside Doors, Civil Engineering, Composite Bonding, Metal Bonding, Structural Glass & Others), By End-use Industry (Building & Construction [Residential Building (Independent Home, Large Appartements, Row Houses), Commercial Building (Hospital & Healthcare, Educational Institutes, Hotels & Restaurants, Banks & Financial Institutions, Airports, shopping malls, Hyper & Super Market & Others), Industrial Building & Others], Transportation (Automotive, Aerospace & Defence, Marine & Others), Electric & Electronics, Healthcare, Energy & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 0720 Report Format: PDF + Excel

Americas Structural Adhesives Market Overview

The Americas Structural Adhesives Market size is projected to reach US$4.0 billion by 2027, after growing at a CAGR of 5.1% during 2022-2027. Structural adhesives are high-strength materials, widely used to bond building components and parts of durable medical devices, machines and instruments. Also, structural adhesives find their applications in bonding the components and parts of disposable devices like connectors, drug delivery, tubing, catheters and Y-sites. The various types of structural adhesives include phenolics, epoxy, polyurethanes, acrylics, cyanoacrylates and methyl methacrylate. The increase in construction and building maintenance activity would drive America’s structural adhesives industry. According to the US Department of Commerce, the US construction spending was estimated at a seasonally adjusted annual rate of US$1,779.8 billion during May 2022 and is 9.7% above the May 2021 estimate of US$1,621.9 billion. Therefore, the rise in construction spending would increase construction activity and, in turn, would drive the demand for structural adhesives during the forecast period. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for the Americas structural adhesives market owing to a reduction in building construction and maintenance activity all across the world. It had a significant impact on the growth of the Americas Structural Adhesives industry.

Americas Structural Adhesives Market Report Coverage

The “Americas Structural Adhesives Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Americas Structural Adhesives industry.

By Resin: Polyurethane, Epoxy, Acrylic, Cyanoacrylate, Methyl Methacrylate, Phenolics and Others.
By Type: Solvent-based, Water based and Others.
By Substrate: Metal, Plastic, Composites, Wood and Others.
By Application: Concrete to Concrete Bonding, Ceramic Tiles to Concrete Bonding, Masonry, Construction Panels, Outside Doors, Civil Engineering, Composite Bonding, Metal Bonding, Structural Glass and Others.
By End-use Industry: Building & Construction [Residential Building (Independent Home, Large Appartements, Row Houses), Commercial Building (Hospital & Healthcare, Educational Institutes, Hotels & Restaurants, Banks & Financial Institutions, Airports, shopping malls, Hyper & Super Market and Others), Industrial Building and Others], Transportation (Automotive, Aerospace & Defence, Marine and Others), Electric & Electronics, Healthcare, Energy and Others.
By Geography: North America (the USA, Canada and Mexico), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America)

Key Takeaways

  • The North American region dominates the Americas Structural Adhesives Market with a CAGR of 5.8% during the forecast period (2022-2027), owing to the rising growth in the development of high-rise towers and commercial buildings in various states of the U.S., Canada and Mexico.
  • Increasing ownership for constructed residential houses involves repairing and remodeling works on a large scale, consequently driving the epoxy resin and polyurethane-based structural adhesives market growth and incrementing the revenue output.
  • Rising demand for lightweight and low carbon-emitting vehicles would drive the demand for structural adhesives in the pathways thereby boosting the Americas Structural Adhesives market size during the forecast period.

Figure: North America Structural Adhesives Market Revenue Share (%) By Country, 2021
Americas Structural Adhesives Market
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Americas Structural Adhesives Market Segment Analysis – by Resin

The polyurethane-based segment held the largest share of the Americas Structural Adhesives Market in 2021 and is expected to grow at a CAGR of 4.8% during 2022-2027. Polyurethane structural adhesives are one of the most important types of structural adhesives owing to the rigid, flexible and soft nature of the material. Polyurethane structural adhesives are widely used instead of traditional fasteners for joining and sealing applications in various end-use industries. In the Automotive sector, it helps to reduce the overall weight of vehicles to achieve better fuel efficiency and curb carbon emissions. The increase in automotive production would raise the demand for the polyurethane structural adhesives industry. According to Statistics Canada, around 1.6 million new motor vehicles were registered in Canada in 2021 with an increase of 6.5% from 2020. In 2021, 93.4% of new zero-emission vehicles were registered in Canada’s three largest provinces; 42.8% of new zero-emission vehicles (ZEVs) were registered in Quebec, 27.7% in British Columbia and 22.9% in Ontario. Thus, with the rise in automotive production, the demand for polyurethane structural adhesives would increase and in turn boost the demand for the Americas structural adhesives market during the forecast period.

Americas Structural Adhesives Market Segment Analysis – by End-use Industry

The building & construction sector held a significant share of the Americas Structural Adhesives Market in 2021 and is estimated to grow at a CAGR of 5.3% during the forecast period 2022-2027. Structural adhesives based on polyurethane, epoxy, acrylic, cyanoacrylate, methyl methacrylate and phenolics resins are widely used for various applications such as concrete to concrete bonding, ceramic tiles to concrete bonding, masonry, construction panels, outside doors, civil engineering, composite bonding, metal bonding and structural glass bonding owing to their ease of application and help in reducing cracks formed by shrinkage. The demand for structural adhesives is rising due to the increase in residential & commercial construction activity. Residential construction spending was valued at US$938.2 billion in May 2022, a 0.2% increase as compared to the April 2022 estimate of US$935.9 billion. Such growth in the investment for residential projects is expected to drive the requirement for structural adhesives which in turn would propel the growth of the Americas Structural Adhesives market size during the forecast period.

Americas Structural Adhesives Market Segment Analysis – by Geography

North American region dominated the Americas Structural Adhesives Market with a share of 80% in 2021, owing to the rising investment towards construction, rising construction activity and repair & maintenance of building in the region. Structural adhesives based on epoxy adhesives, structural polyurethane, silicones and structural acrylic give at least 5 to 8 MPa tensile shear strength and are widely used for various structural parts bonding. Construction is one of the largest customers for manufacturing, mining and a variety of services. As per Associated General Contractors of America, the U.S. construction sector is a major contributor to the economy and creates nearly US$1.4 trillion worth of structures each year. Thus, with the rise in construction activity, the demand for structural adhesives would increase during the forecast period. Furthermore, the growing demand for structure adhesives in automotive sectors for bonding various auto components would raise the growth in the structural adhesives market. As per Trading Economics, car production in Mexico has increased by 6% to 285,318 units in June of 2022 as compared to the same period of 2021, following a 15.2% surge in the previous month. Therefore, the growing production of automotive and rising construction activities would boost the demand for the Americas Structural Adhesives market during the forecast period.

Americas Structural Adhesives Market drivers

Increasing demand for Structural Adhesives with the growing Housing projects:

The growing development of affordable housing is expected to support the growth of the Americas Structural Adhesives Market size over the forecast period. Structural adhesives are widely used for bonding concrete to concrete, ceramic tiles to concrete, construction panels, sealing metal parts into concrete, civil engineering, composite bonding, metal bonding, structural glass bonding and many more. There are various construction projects that commenced in the third quarter of 2021. The projects include Reserva Alta Vista Residential Complex (US$50 million) in Sao Paulo, Nex One Alto da Boa Vista Residential Complex (US$30 million) in Sao Paulo, Shard Tower Residential Complex (US$30 million) in Santa Catarina, Indianopolis Ibira Mixed-Use Complex (US$28 million), Living Ipiranga Residential Complex (US$26 million) and many more in different parts of America. Thus, significant market traction from the increasing usage of structural adhesives across residential and commercial construction is further projected to fuel the growth of the Americas Structural Adhesives market during the forecast period.

The growing medical device industry:

Structural adhesives are widely utilized in the bonding of various medical devices used to treat different diseases. The rise in medical device production owing to the rise in chronic diseases would boost the Americas structural adhesives market size during the forecast period. According to International Trade Administration, Canada’s medical devices industry is highly diversified with a value of approximately US$6.5 billion in 2021 and is expected to grow by 2.1% per year by 2026. Also, Colombia is the third-largest medical device market in Latin America, after Brazil and Mexico. The medical device market represents around 5% of Colombia´s health expenditure and is expected to grow by a CAGR of 7.1% in the U.S. between 2020-2025, according to Fitch Solutions. Thus, the rise in the growth of the medical device sector would drive the demand for the Americas Structural Adhesives market during the forecast period.

Americas Structural Adhesives Market Challenges

Higher Price of Epoxy Resins Based Structural Adhesives

The cost of epoxy resins is much higher. The reason behind this is its production cost. While making products, expensive machinery and equipment are used. Also, this machinery requires high maintenance. Due to this factor, the product based on epoxy comes with a higher price as compared to its alternative materials, which tends to constrain the growth of the market. In addition, even if epoxy-based products provide better results, the customer usually prefers lower cost. Such factors have become the major challenge for the Americas Structural Adhesives market in terms of consumption, which constrains the growth of the market.

Americas Structural Adhesives Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Americas Structural Adhesives markets. The top 10 companies in the Americas Structural Adhesives market include:

  1. Dow Inc.
  2. 3M Company
  3. Henkel AG
  4. Hernon
  5. Lord Corporation
  6. Arkema
  7. H.B. Fuller
  8. Huntsman
  9. DuPont
  10. Master Bond

Recent Developments:

  • In November 2021, Belzona introduced Belzona 7311, a cold bonding adhesive, specially optimized for structural bonding applications subject to cyclic and repeated loads where high mechanical strength, cleavage, shear and fatigue resistance are required.
  • In October 2021, 3M Company launched its next generation of the 3M Scotch-Weld structural acrylic adhesives portfolio, which includes 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.
  • In June 2021, Solvay launched New AeroPaste, BR 179 adhesive and surfacing technologies that are expected to increase part assembly and processing efficiency for aerospace manufacturers. AeroPaste is Solvay’s new generation of epoxy-based structural paste adhesives that provide film-like property and performance, comparable or superior to leading film adhesives in the market.

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1. Americas Structural Adhesives Market - Market Overview
    1.1 Definitions and Scope 
2. Americas Structural Adhesives Market - Executive Summary
    2.1 Key Trends by Resin
    2.2 Key Trends by Type
    2.3 Key Trends by Substrate
    2.4 Key Trends by Application
    2.5 Key Trends by End-use Industry
    2.6 Key Trends by Geography
3. Americas Structural Adhesives Market – Comparative analysis 
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Americas Structural Adhesives Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Americas Structural Adhesives Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Americas Structural Adhesives Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Americas Structural Adhesives Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Americas Structural Adhesives Market – by Resin (Market Size - US$ Million/Billion)
    8.1 Polyurethane
    8.2 Epoxy
    8.3 Acrylic
    8.4 Cyanoacrylate
    8.5 Methyl Methacrylate
    8.6 Phenolics
    8.7 Others 
9. Americas Structural Adhesives Market – by Type (Market Size - US$ Million/Billion)
    9.1 Solvent Based
    9.2 Water Based
    9.3 Others
10. Americas Structural Adhesives Market – by Substrate (Market Size - US$ Million/Billion)
    10.1 Metal
    10.2 Plastic
    10.3 Composites
    10.4 Wood
    10.5 Others
11. Americas Structural Adhesives Market – by Application (Market Size - US$ Million/Billion)
    11.1 Concrete to Concrete Bonding
    11.2 Ceramic Tiles to Concrete Bonding
    11.3 Masonry
    11.4 Construction Panels
    11.5 Outside Doors
    11.6 Civil Engineering
    11.7 Composite Bonding
    11.8 Metal Bonding
    11.9 Structural Glass
    11.10 Others
12. Americas Structural Adhesives Market – by End-use Industry (Market Size - US$ Million/Billion)
    12.1 Building & Construction
        12.1.1 Residential Building
            12.1.1.1 Independent Home
            12.1.1.2 Large Appartements
            12.1.1.3 Row Houses
        12.1.2 Commercial Building
            12.1.2.1 Hospital & Healthcare
            12.1.2.2 Educational Institutes
            12.1.2.3 Hotels & Restaurants
            12.1.2.4 Banks & Financial Institutions
            12.1.2.5 Airports
            12.1.2.6 Shopping Malls
            12.1.2.7 Hyper & Super Market
            12.1.2.8 Others
        12.1.3 Industrial Building
        12.1.4 Others 
    12.2 Transportation
        12.2.1 Automotive
        12.2.2 Aerospace & Defense
        12.2.3 Marine 
        12.2.4 Others
    12.3 Electric & Electronics
    12.4 Energy
    12.5 Healthcare
    12.6 Others
13. Americas Structural Adhesives Market - by Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 The USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 South America
        13.2.1 Brazil
        13.2.2 Argentina
        13.2.3 Colombia
        13.2.4 Chile
        13.2.5 The Rest of South America
14. Americas Structural Adhesives Market – Entropy
    14.1New Product Launches
    14.2M&As, Collaborations, JVs and Partnerships
15. Americas Structural Adhesives Market – Industry/Segment Competition Landscape Premium
    15.1 Company Benchmarking – Major Companies
    15.2 Market Share by Key Region - Major companies
    15.3 Market Share by Key Country - Major companies
    15.4 Market Share by Key Application - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. Americas Structural Adhesives Market – Key Company List by Country Premium Premium
17. Americas Structural Adhesives Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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