Two-Component Adhesive Market Overview:
According to Reports and Insights analysis, the global two-component adhesive market is estimated to be US$ 6.4 Bn in 2022. Furthermore, the two-component adhesive market to register a CAGR of 6.8% which is expected to result in a market forecast value for 2030 of US$ ** Bn.
Two-component adhesives, also known as structural or reactive adhesives, are used to fix/joint pre-treated metals, plastic, paints, and composites. They are chemically cured without the use of any solvent or water. The components are mixed in a homogenous ratio in the composition of two-component adhesives. Owing to their excellent strengths and other mechanical properties, they find applications in high-strength materials such as metals, ceramics, glass-reinforced plastics, glass, and many others.
These adhesives find widespread applications in industries including automotive, construction, aviation, electrical and electronics, etc., owing to the increased demand for lightweight and durable materials. Because of this, there has been an increased demand for two-component adhesives for the purpose of fixing these composites, metals, plastics, and others. Furthermore, demand for less or zero-carbon-emitting vehicles is also responsible for the increased use of these adhesives in the automotive industry.
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This market study on the global two-component adhesives market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, market trend, regional outlook, two-component adhesives market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the two-component adhesives market.
Scope of the Report:
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Report Metric |
Report Details |
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Market Size available for the years |
2022-2030 |
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Base year |
2021 |
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Forecast Period |
2022-2030 |
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Segments Covered |
By Resin, By Application, By End-use, By Region, and others |
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Regions Covered |
North America The U.S., Canada Latin America Brazil, Mexico, Argentina, Rest of Latin America Asia Pacific China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific Europe The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, Rest of Europe Africa North Africa, Egypt, Rest of Africa The Middle East GCC Countries, Israel, Rest of Middle East
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Companies Covered |
Dow Chemical Company, Evonik Industries, Eastman Chemical, Sika AG, Bostik, Huntsman Corporation, Henkel AG, H.B Fuller, 3M company, Master bond Inc., and Technicoll amongst others.
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Two-Component Adhesive Market Dynamics
Market Drivers: Demand for Lightweight Materials
These adhesives find strong applications in the automotive and aviation sectors. This is due to the increasing demand for lightweight plastics, composites, and metals such as aluminum for manufacturing. As a result of this, manufacturers have shifted towards two-component adhesives over mechanical fastening including rivets and welding for bonding applications. Furthermore, since adhesives are highly chemically resistant wear-resistant, aging-resistant, and resistant to heat and water, they can expand the shelf-life of materials. As a result, this has increased the demand for the global market of two-component adhesives in recent years.
Market Restraints: High Raw-Material Cost and Contamination
Since the components used for manufacturing these adhesives are expensive in terms of prices, the manufacturers invest less in these adhesives. Additionally, impurities such as grease, oil, and others on the surface of the substrate cause a loss of adhesion while fixing. These are some of the restraints in the market of two-component adhesives that might hinder the growth rate globally.
Market Opportunity: Enhanced Strength and Durability
Owing to their enhanced design flexibility, and strong adhering potential onto similar/dissimilar substrates, two-component adhesives seem to have increased the durability of the automobile vehicles such as cars, trains, and trucks. Further improvisation and development of new and unique sustainable materials have led the manufacturers to use adhesive bonding in order to achieve the production of lightweight vehicles.
Similarly, in the aerospace industry, design engineers have designed advanced, high-strength, corrosion-resistance aircraft by incorporating epoxy adhesive technology. Similarly, the construction industry is also seeing a growing demand for these adhesives which, in turn, will create robust opportunities in the growth of two component adhesives market.
Two-Component Adhesives Market Segmentation
The global two-component adhesives market can be categorized by the resin used, by application, by end-use, by region, and by key players.
Two-Component Adhesives Market, by Resin:
Based on the resin type, the global two-component adhesives market can be segmented into;
Two-Component Adhesives Market, by Application:
Based on the application, the global two-component adhesives market can be segmented into;
Two-Component Adhesives Market, by End-Use:
Two-Component Adhesives Market, by Region:
Two-Component Adhesives Market Regional Outlook
The North American region is estimated to have the dominant share of this market in the forecast period. This is attributable to an increased focus on research and development strategies, a sustainable economy, and rising demand for lightweight vehicles and aircraft. A significant increase in demand from the construction industry has also benefitted the growth of two-component adhesives.
The U.S., being one of the key hubs, shares the largest contribution in the market share of two-component adhesives globally.
In addition, Asia Pacific is expected to be one of the fast-growing markets for two-component adhesives in the forthcoming years. Technological breakthroughs in end-use industries and increased demand for reduced-weight vehicles and household appliances are all expected to fuel the growth of the two-component adhesives market.
South Korea, China, and India are among the fastest-growing economies to see growth in this market owing to their investment in production capacity.
Recent Developments by Key Players:
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The two-component adhesive market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of 6.8%.
The base year for the report is 2021 in two-component adhesive market.
The global two-component adhesives market can be categorized by the resin used, by application, by end-use, by region, and by key players.
Dow Chemical Company, Evonik Industries, Eastman Chemical, Sika AG, Bostik, Huntsman Corporation, Henkel AG, H.B Fuller, 3M company, Master bond Inc., Technicoll, and many others.
