[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Curing Adhesives Market – Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Resin (Epoxy, Polyurethane, Acrylate, Silicone, Others), By Product (UV Cure, Moisture Cure, Thermal Cure), By End Use (Automotive, Construction, Electronics and Electrical, Medical, Woodworking, Others), By Region and Competition, 2019-2029F

May 2024 | 186 pages | ID: C2BF44CC5DC2EN
TechSci Research

US$ 4,900.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global Curing Adhesives Market was valued at USD 13.22 Billion in 2023 and is anticipated t%li%project steady growth in the forecast period with a CAGR of 4.72% through 2029. Global Curing Adhesives Market has witnessed remarkable growth in recent years, propelled by advancements in technology, increasing demand from key industries, and a shift towards sustainable and efficient bonding solutions. Curing adhesives play a pivotal role in diverse sectors such as automotive, aerospace, electronics, medical devices, and construction, offering a versatile and reliable alternative t%li%traditional joining methods. The future of the curing adhesives market looks promising, driven by ongoing advancements in adhesive technologies, a growing focus on sustainable solutions, and the increasing demand from key industries. As manufacturers continue t%li%address challenges and capitalize on opportunities, the curing adhesives market is poised for sustained growth and evolution in the coming years.

Key Market Drivers

Technological Advancements

In the ever-evolving landscape of industrial adhesives, technological advancements stand out as a primary catalyst propelling the growth and dynamism of the curing adhesives market. The relentless pursuit of innovation in adhesive technologies has resulted in formulations and curing mechanisms that not only enhance the performance of these adhesives but als%li%expand their applicability across diverse industries.

The key aspect of technological advancement is the development of faster and more efficient curing processes. Traditional adhesives often required extended curing times, limiting their practicality in certain applications. However, advancements such as UV curing and LED curing have revolutionized the landscape by significantly reducing curing times. This not only improves production efficiency but als%li%allows for more precise and streamlined manufacturing processes.

Also, the integration of smart technologies and Industry 4.0 concepts has brought about a new era of intelligent adhesives. These adhesives can adapt t%li%varying conditions, providing self-healing properties and real-time monitoring of bond strength. The incorporation of sensors and nanotechnology has enabled adhesives t%li%offer not only strong and reliable bonds but als%li%adaptive and responsive features, making them suitable for cutting-edge applications.

Technological advancements als%li%play a crucial role in addressing environmental concerns. The development of low-VOC formulations and sustainable adhesive solutions reflects the industry's commitment t%li%eco-friendly practices. As environmental regulations become more stringent, the market responds with adhesives that not only meet these standards but als%li%offer enhanced performance.

Lightweighting Trend

The ongoing trend towards lightweighting in industries such as automotive and aerospace has emerged as a significant driver for the curing adhesives market. This transformative shift, motivated by the pursuit of enhanced fuel efficiency, reduced emissions, and improved overall performance, underscores the pivotal role that curing adhesives play in the construction and assembly of lightweight structures.

In the automotive sector, lightweight materials, including advanced composites, aluminum, and high-strength alloys, are increasingly favored t%li%achieve weight reduction without compromising structural integrity. Curing adhesives offer a compelling solution for joining these diverse materials, providing a reliable alternative t%li%traditional welding or mechanical fastening methods. This versatility is crucial in addressing the complex design requirements of modern vehicles, where lightweight components are strategically integrated t%li%optimize fuel efficiency and achieve sustainability goals.

Aerospace, similarly, is embracing lightweighting as a key strategy t%li%enhance aircraft performance, fuel efficiency, and reduce operational costs. Curing adhesives play a vital role in bonding lightweight materials like carbon fiber composites, which are extensively used in aircraft manufacturing. The ability of curing adhesives t%li%provide strong, durable bonds without adding unnecessary weight is instrumental in achieving the delicate balance between structural integrity and weight reduction in aerospace applications.

Composite Material Usage

Composite materials, composed of a combination of different substances, offer a unique set of characteristics, including high strength-to-weight ratio, corrosion resistance, and design flexibility. Industries such as aerospace, automotive, wind energy, and construction are increasingly leveraging composites for their structural components. However, the challenge lies in effectively bonding these dissimilar materials, and this is where curing adhesives come int%li%play.

Curing adhesives provide a versatile and efficient solution for bonding composite materials, ensuring a strong and durable connection. Their ability t%li%bond materials with varying properties, such as carbon fiber reinforced polymers (CFRPs) or fiberglass composites, is crucial in achieving the desired structural integrity. Traditional joining methods, like mechanical fasteners or welding, may compromise the unique benefits of composite materials, making curing adhesives the preferred choice.

In the aerospace industry, for example, where lightweight and high-strength materials are paramount, curing adhesives are extensively used t%li%bond composite components in aircraft structures. This not only reduces weight but als%li%enhances fuel efficiency and overall performance. Similarly, in automotive manufacturing, curing adhesives facilitate the assembly of composite parts, contributing t%li%the industry's efforts toward lightweighting and improved fuel economy.

Key Market Challenges

High Raw Material Cost

The curing adhesives market faces a formidable challenge in the form of high raw material costs, a factor that significantly impacts various aspects of production, pricing, and market dynamics. The cost of raw materials is a critical component in the formulation of adhesives, influencing the overall manufacturing expenses for companies operating in this market.

One of the primary contributors t%li%high raw material costs is the dependence on petrochemical-based feedstocks. Many key components of curing adhesives, such as resins and solvents, are derived from petrochemical sources, and the prices of these raw materials are subject t%li%volatility in global markets. Fluctuations in crude oil prices, geopolitical tensions, and supply-demand imbalances contribute t%li%the unpredictability of raw material costs.

The repercussions of high raw material costs are felt throughout the curing adhesives market. Manufacturers often find themselves grappling with increased production expenses, affecting profit margins and overall competitiveness. These challenges are particularly pronounced in industries where cost-effectiveness is a critical factor in the selection of adhesive solutions.

Supply Chain Disruptions

The curing adhesives market, like many other industries, is confronted with a formidable challenge in the form of supply chain disruptions. These disruptions, stemming from various factors, pose significant challenges t%li%the seamless production and distribution of curing adhesives, impacting the industry at multiple levels.

One of the primary causes of supply chain disruptions is the increasing interconnectedness of global markets. Curing adhesives manufacturers often source raw materials from diverse locations, and any disturbance in the supply chain, be it due t%li%natural disasters, geopolitical tensions, or unforeseen events such as the COVID-19 pandemic, can have cascading effects.

Natural disasters, including earthquakes, hurricanes, or floods, can disrupt the production and transportation of raw materials, hindering the timely delivery of essential components t%li%adhesive manufacturers. Geopolitical tensions and trade conflicts can lead t%li%restrictions or disruptions in the movement of goods across borders, further complicating the supply chain.

Key Market Trends

Advancements in Hybrid Curing Technologies

The curing adhesives market is experiencing a transformative shift driven by significant advancements in hybrid curing technologies. These innovative approaches represent a paradigm shift in adhesive formulation, combining multiple curing mechanisms t%li%create high-performance solutions that address diverse application needs across industries.

Hybrid curing technologies, exemplified by groundbreaking formulations like Dymax's Hybrid Light-Curable (HLC) series, are at the forefront of this evolution. Traditionally, curing mechanisms have been categorized int%li%types such as UV curing, heat curing, and moisture curing, each with its set of advantages and limitations. Hybrid curing technologies, however, bring together the strengths of different curing methods, offering a synergistic and versatile approach t%li%bonding.

The key driver behind the adoption of hybrid curing technologies is their ability t%li%enhance the curing speed and performance of adhesives. By combining anionic and free radical chemistries, these hybrid formulations overcome the constraints of individual curing mechanisms, resulting in faster and more efficient curing processes. This not only improves production efficiency but als%li%opens up new possibilities for applications where rapid bonding is crucial.

Increased use of Composite Materials

The increased use of composite materials across diverse industries is propelling a significant transformation in the curing adhesives market, presenting new challenges and opportunities. Composites, composed of materials like carbon fibers embedded in a matrix, offer remarkable advantages, including high strength-to-weight ratios, corrosion resistance, and design flexibility. As industries embrace these benefits, the demand for curing adhesives is soaring due t%li%their pivotal role in bonding and assembling composite structures.

One of the primary drivers for the increased use of composite materials is the quest for lightweighting in sectors such as automotive, aerospace, and wind energy. Curing adhesives, with their ability t%li%provide strong, lightweight bonds, are instrumental in achieving the weight reduction goals essential for enhancing fuel efficiency and performance.

The automotive industry, in particular, is witnessing a surge in the adoption of composites for components like body panels and interiors. Curing adhesives contribute t%li%the assembly of these composite parts, ensuring the structural integrity of lightweight materials without compromising strength.

In aerospace, where weight is critical for fuel efficiency, composites are increasingly utilized in the construction of aircraft components. Curing adhesives play a vital role in bonding these materials, offering a reliable and durable solution for the assembly of intricate and lightweight structures.

Rising Demand for Water Based Formulations

A key driver behind the growing demand for water-based Curing Adhesives is an increasing focus on environmental sustainability. Water-based formulations, compared t%li%solvent-based alternatives, typically exhibit lower levels of volatile organic compounds (VOCs), making them a more environmentally friendly option. This aligns with the global push towards greener and sustainable coatings in various industries.

Stringent environmental regulations and standards play a pivotal role in the shift towards water-based Curing Adhesives. Governments and regulatory bodies worldwide are placing restrictions on the use of high-VOC coatings due t%li%their potential environmental and health impacts. Manufacturers and end-users alike are adapting t%li%these regulations by opting for coatings that comply with stringent environmental standards.

Water-based formulations contribute t%li%enhanced workplace safety. Unlike solvent-based coatings that may pose health risks t%li%workers due t%li%the release of harmful fumes, water-based coatings are generally safer t%li%handle and apply. This factor is influencing the choices made by industries prioritizing the well-being of their workforce.

Segmental Insights

Product Insights

Based on product, UV Cure have emerged as the fastest growing segment in the Global Curing Adhesives Market during forecast period. UV curing adhesives offer swift curing times in contrast t%li%conventional adhesives. Upon exposure t%li%UV light, they solidify within a matter of seconds or minutes, thereby accelerating production processes and enhancing operational efficiency. UV curing adhesives typically feature lower levels of volatile organic compounds (VOCs) compared t%li%solvent-based alternatives. This characteristic renders them more environmentally sustainable and aligns with regulatory guidelines pertaining t%li%emissions and occupational safety. UV curing technology facilitates precise management of the curing procedure. Manufacturers can regulate the intensity and duration of UV exposure t%li%attain the desired level of solidification. This level of accuracy is particularly advantageous in sectors where stringent quality standards are imperative, such as the electronics and medical device industries.

End Use Insights

Based on end use, automotive have emerged as the dominant segment in the Global Curing Adhesives Market in 2023. The automotive sector stands as a prominent consumer of curing adhesives, leveraging these materials for various applications. Curing adhesives play a pivotal role in structural bonding, interior assembly, and even in the production of lightweight vehicles. The trend towards automotive lightweighting, driven by a quest for improved fuel efficiency and reduced emissions, has fueled the demand for curing adhesives that can effectively bond lightweight materials like composites and aluminum.

Regional Insights

Based on region, Asia Pacific have emerged as the dominating region in the Global Curing Adhesives Market during the forecast period. This is driven by robust economic growth and a thriving manufacturing sector. Countries like China, Japan, South Korea, and India have witnessed rapid industrialization, with automotive, electronics, and construction industries leading the charge. The automotive sector, in particular, has been a major consumer of curing adhesives in APAC, with the rise of electric vehicles and the trend towards lightweighting driving increased adoption. The electronics industry in the region, especially in countries like China and Taiwan, contributes significantly t%li%the demand for curing adhesives. The miniaturization of electronic devices and the need for precise and reliable bonding solutions have positioned curing adhesives as essential components in electronic manufacturing processes.

Key Market Players
  • H.B. Fuller Company
  • Henkel AG & Company, KGaA
  • DELO Industrie Klebstoffe GmbH & Co. KGaA
  • Dymax Corporation
  • 3M Company
  • SIKA AG
  • Tosoh Corporation
  • The Dow Chemical Company
  • Bostik SA
Report Scope:

In this report, the Global Curing Adhesives Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
  • Curing Adhesives Market, By Resin:
  • Epoxy
  • Polyurethane
  • Acrylate
  • Silicone
  • Others
  • Curing Adhesives Market, By Product:
  • UV Cure
  • Moisture Cure
  • Thermal Cure
  • Curing Adhesives Market, By End Use:
  • Automotive
  • Construction
  • Electronics and Electricals
  • Medical
  • Woodworking
  • Others
  • Curing Adhesives Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Curing Adhesives Market.

Available Customizations:

Global Curing Adhesives Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information
    • Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. IMPACT OF COVID-19 ON GLOBAL CURING ADHESIVES MARKET

5. GLOBAL CURING ADHESIVES MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value & Volume
5.2. Market Share & Forecast
  5.2.1. By Resin (Epoxy, Polyurethane, Acrylate, Silicone, Others)
  5.2.2. By Product ( UV Cure, Moisture Cure, Thermal Cure)
  5.2.3. By End Use (Automotive, Construction, Electronics and Electrical, Medical, Woodworking, Others)
  5.2.4. By Region
  5.2.5. By Company (2023)
5.3. Market Map

6. ASIA PACIFIC CURING ADHESIVES MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Resin
  6.2.2. By Product
  6.2.3. By End Use
  6.2.4. By Country
6.3. Asia Pacific: Country Analysis
  6.3.1. China Curing Adhesives Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value & Volume
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Resin
      6.3.1.2.2. By Product
      6.3.1.2.3. By End Use
  6.3.2. India Curing Adhesives Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value & Volume
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Resin
      6.3.2.2.2. By Product
      6.3.2.2.3. By End Use
  6.3.3. Australia Curing Adhesives Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value & Volume
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Resin
      6.3.3.2.2. By Product
      6.3.3.2.3. By End Use
  6.3.4. Japan Curing Adhesives Market Outlook
    6.3.4.1. Market Size & Forecast
      6.3.4.1.1. By Value & Volume
    6.3.4.2. Market Share & Forecast
      6.3.4.2.1. By Resin
      6.3.4.2.2. By Product
      6.3.4.2.3. By End Use
  6.3.5. South Korea Curing Adhesives Market Outlook
    6.3.5.1. Market Size & Forecast
      6.3.5.1.1. By Value & Volume
    6.3.5.2. Market Share & Forecast
      6.3.5.2.1. By Resin
      6.3.5.2.2. By Product
      6.3.5.2.3. By End Use

7. EUROPE CURING ADHESIVES MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Resin
  7.2.2. By Product
  7.2.3. By End Use
  7.2.4. By Country
7.3. Europe: Country Analysis
  7.3.1. France Curing Adhesives Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value & Volume
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Resin
      7.3.1.2.2. By Product
      7.3.1.2.3. By End Use
  7.3.2. Germany Curing Adhesives Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value & Volume
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Resin
      7.3.2.2.2. By Product
      7.3.2.2.3. By End Use
  7.3.3. Spain Curing Adhesives Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value & Volume
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Resin
      7.3.3.2.2. By Product
      7.3.3.2.3. By End Use
  7.3.4. Italy Curing Adhesives Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value & Volume
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Resin
      7.3.4.2.2. By Product
      7.3.4.2.3. By End Use
  7.3.5. United Kingdom Curing Adhesives Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value & Volume
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Resin
      7.3.5.2.2. By Product
      7.3.5.2.3. By End Use

8. NORTH AMERICA CURING ADHESIVES MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Resin
  8.2.2. By Product
  8.2.3. By End Use
  8.2.4. By Country
8.3. North America: Country Analysis
  8.3.1. United States Curing Adhesives Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value & Volume
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Resin
      8.3.1.2.2. By Product
      8.3.1.2.3. By End Use
  8.3.2. Mexico Curing Adhesives Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value & Volume
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Resin
      8.3.2.2.2. By Product
      8.3.2.2.3. By End Use
  8.3.3. Canada Curing Adhesives Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value & Volume
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Resin
      8.3.3.2.2. By Product
      8.3.3.2.3. By End Use

9. SOUTH AMERICA CURING ADHESIVES MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Resin
  9.2.2. By Product
  9.2.3. By End Use
  9.2.4. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Curing Adhesives Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value & Volume
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Resin
      9.3.1.2.2. By Product
      9.3.1.2.3. By End Use
  9.3.2. Argentina Curing Adhesives Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value & Volume
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Resin
      9.3.2.2.2. By Product
      9.3.2.2.3. By End Use
  9.3.3. Colombia Curing Adhesives Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value & Volume
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Resin
      9.3.3.2.2. By Product
      9.3.3.2.3. By End Use

10. MIDDLE EAST AND AFRICA CURING ADHESIVES MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Resin
  10.2.2. By Product
  10.2.3. By End Use
  10.2.4. By Country
10.3. MEA: Country Analysis
  10.3.1. South Africa Curing Adhesives Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value & Volume
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Resin
      10.3.1.2.2. By Product
      10.3.1.2.3. By End Use
  10.3.2. Saudi Arabia Curing Adhesives Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value & Volume
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Resin
      10.3.2.2.2. By Product
      10.3.2.2.3. By End Use
  10.3.3. UAE Curing Adhesives Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value & Volume
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Resin
      10.3.3.2.2. By Product
      10.3.3.2.3. By End Use

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions

13. GLOBAL CURING ADHESIVES MARKET: SWOT ANALYSIS

14. PORTER’S FIVE FORCES ANALYSIS

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product

15. PESTLE ANALYSIS

16. PRICING ANALYSIS

17. COMPETITIVE LANDSCAPE

17.1. H.B. Fuller Company
  17.1.1. Business Overview
  17.1.2. Company Snapshot
  17.1.3. Products & Services
  17.1.4. Financials (As Reported)
  17.1.5. Recent Developments
17.2. Henkel AG & Company, KGaA
17.3. DELO Industrie Klebstoffe GmbH & Co. KGaA
17.4. Dymax Corporation
17.5. 3M Company
17.6. SIKA AG
17.7. Tosoh Corporation
17.8. The Dow Chemical Company
17.9. Bostik SA

18. STRATEGIC RECOMMENDATIONS

19. ABOUT US & DISCLAIMER


More Publications