Two-Part Adhesive Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH3785 | Last Updated On: Jun 17 2022 | Available Formats

> Global Two-Part Adhesive Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Two-Part Adhesive Market is segmented By Type (Epoxies, Methyl Methacrylates, Silicone Adhesives, Urethanes), By Application (Lightweight Construction, Vehicles Construction/Transport, Electrical & Electronics Production, Medical Technology, Assembly Bonding, Doors and Gates, Others), By End-User (Construction, Automotive, Electrical & Electronics, Medical, Aviation, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The global two-part adhesive market is estimated to reach at a CAGR during the forecast period 2022-2029.

Two-part adhesives are fully solid adhesives that obtain their storage stability by separating the reactive components. They consist of a resin, and a hardener kept in two separate containers. The two components must be mixed in a prescribed ratio to obtain the desired cure and physical properties of the adhesives.

The adhesives are used for applications in which very high strengths are needed from adhesive joints. Hence, they are primarily used to join high-strength materials such as coated, bare, painted or pre-treated metals and composite materials such as carbon-fiber-reinforced plastics or glass-reinforced plastics. They are either bond to the same or a different type of metals/composite material and other solid materials such as glass materials or ceramics.

Market Dynamics

Growing demand of structural adhesives over mechanical fasteners is expected to drive the two-part adhesives market

Nowadays, companies are focused on performance such as energy savings, aesthetics improvements, and economic drivers such as labor cost reductions, causing customers to consider and use structural adhesives to replace traditional joining methods. Also, the rise in the use of composites and other materials that are not compatible with mechanical fasteners drives the use of structural adhesives such as two-part adhesives.

Moreover, an adhesive bonded joint provides a nice clean surface, allowing minimal surface preparation before final finishing. Also, adhesives may be pre-applied in inaccessible areas to mechanical fastening during final assembly and provide novel designs that can further reduce weight, costs, and labor.

Stringent environmental regulations regarding the Volatile Organic Compounds (VOC) emissions are likely to hinder the two-part adhesive market

Environmental regulations and specifications from international bodies, federal state, local governments and different NGOs are becoming prevalent. For instance, CARB (California Air Resources Board) regulations and LEED (Leadership in Energy and Environmental Design) certification requirements are required at the forefront of regulatory issues involving adhesives. Both the bodies limit generated VOCs and formaldehyde in adhesives.  Depending on the amount and type of VOCs emitted, these can disrupt ecosystems and have crippling effects on the environment, such as global warming, acid rain and several serious health issues.

Segment Analysis

Based on type, two-part adhesives market is segmented into epoxies, methyl methacrylates, silicone adhesives and urethane.

Urethane adhesive is anticipated to dominate the segment owing to its extensive applications in various substrates such as concrete, wood, plastics and glass.

Urethane adhesives are one of the most important types of structural adhesives. Unlike epoxy or acrylic adhesives, urethane adhesives are formulated with much lower viscosity. Also, urethane adhesives are offered as either one-component (1k) or two-component (2k) systems.

Moreover, Urethane adhesives have low odor, deliver fast or slow cure times, and combine high toughness, flexibility and strength, making these adhesives an ideal choice for joining lightweight and structural assemblies. Due to multiple properties, urethane adhesive has a wide range of applications.

As per the Statista study, the global demand for urethane adhesives and sealants for the automotive industry was 230 thousand tons in 2017. It is projected to increase to 250 thousand tons in 2022.

Henceforth, with increasing global demand and extensive applications in different industries such as construction, transportation, manufacturing and many others, urethane is projected to dominate the forecast period.

Geographical Analysis

Asia-Pacific is expected to dominate the two-part adhesive market over the forecast period

Asia-Pacific region dominates the global floor adhesives market share with growing construction activities in countries like China, India, and other countries. For instance, the Chinese government has massive construction plans, including making provisions for the movement of 250 million people to its new megacities during the next ten years.

Moreover, growing electrical and electronics goods in the region is also expected to increase the two-part adhesives market. For instance, as per the Statista study, in 2019, the electrical and electronics industry was projected to grow by five percent.

Henceforth, growing construction industry and electrical & electronic goods are expected to support the market of two-part adhesives market in the region.

Competitive Landscape

The two-part adhesive market is moderately competitive with presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include H.B. Fuller, 3M Company, Henkel AG & Company, Sika AG, BASF SE, Dow Chemical Company, Bostik, Master Bond Inc., Loxeal S.r.l., ADDEV Materials among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the two-part adhesive market globally.

3M Company

Overview: 3M Company is an American multinational corporation working in the industry, worker safety, US health care, and consumer goods. It is headquartered in Minnesota, US.

Product Portfolio: The company serves two-part adhesives in its structural adhesives segment. The company offers two-part adhesives for various substrates including wood, metal, glass & ceramics, wood & hardboard and rubber.

Key Development:

  • In May 2020, 3M entered three-year collaboration agreement with Wrapmate, an end-to-end digital platform.

The global two-part adhesive market report would provide an access to an approx. 61 market data table, 58 figures and 230 pages.

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