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    Two Part Adhesive Market Report

    Two Part Adhesive Market Report
    Report code - SR2812 Delivery - 2 Weeks
    Two Part Adhesive Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

    Two part adhesive, also known as two-component adhesive, refers to a type of adhesive or bonding agent that consists of two distinct components that need to be mixed together before application. These adhesives are designed to create a strong and durable bond when the two components are combined. The two parts typically consist of a resin and a hardener or activator. One of the key highlights of the two-part adhesive market is its versatility. These adhesives offer superior bonding strength and durability compared to traditional one-part adhesives, making them ideal for demanding applications where structural integrity is crucial. Furthermore, advancements in formulation technologies have led to the development of environmentally friendly and low-VOC (volatile organic compounds) options within the two-part adhesive market. As sustainability becomes a growing concern across industries, manufacturers are increasingly seeking adhesives that not only deliver superior performance but also align with eco-friendly practices. This has spurred innovation in the formulation of two-part adhesives, resulting in products that meet stringent environmental regulations while maintaining their high-performance characteristics

    The two part adhesive market finds widespread applications across various industries, showcasing its versatility and adaptability to diverse manufacturing needs. In the automotive sector, these adhesives play a critical role in bonding components such as body panels, ensuring structural integrity, reducing weight, and contributing to enhanced vehicle performance. Whereas, in the aerospace industry, two-part adhesives are employed for bonding lightweight materials, such as composites, and providing a reliable connection in aircraft structures. One of the primary drivers is the increasing emphasis on lightweight and high-strength materials in manufacturing and another key driver is the continuous pursuit of efficiency in manufacturing processes.

    The worldwide market for two-part adhesives faced challenges when COVID-19 hit, with many factories shutting down due to lockdowns in different areas. This led to delays in making products and a lack of sales, especially in the car industry. As a result, the market didn't grow much during this time.

    The two part adhesive market could not escape from such trends and witnessed a decline amid the pandemic, quite aligned with the decline in automobile production. However, the industry is gradually rebounding in the year 2021 with the ramp-up in consumer confidence. Overall, the two part adhesive market is likely to rebound at a promising CAGR of 9.4% in the long run to reach US$ 12.2 Billion in 2028.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Resin-Type Analysis

    Polyurethane, Epoxy, MMA, Silicone, and Others

    Polyurethane is anticipated to remain the biggest demand generator and fastest-growing resin type in the two part adhesive market in the years to come.

    Application-Type Analysis

    Automotive, Construction, Electronics, Aerospace, and Others

    Automotive is expected to be the largest as well as the fastest growing application type in the two-part adhesive market in the foreseen years.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    North America is expected to remain the largest market whereas Asia Pacific is expected to be the fastest growing over the next five years.

     

    Based on the resin type, the two part adhesive market is segmented into polyurethane, epoxy, MMA, silicone, and others. Polyurethane is expected to remain the largest and the fastest-growing resin type in the market during the forecast period Firstly, polyurethane adhesives exhibit exceptional versatility, offering a wide range of applications across various industries, including automotive, construction, and aerospace. This adaptability makes polyurethane adhesives highly sought after, as they can effectively bond diverse materials, such as metals, plastics, and composites, contributing to their widespread usage in vehicle assembly.

    Based on the application type, the market is segmented into automotive, construction, electronics, aerospace, and others. Automotive is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period. The automotive sector's continuous pursuit of improved manufacturing efficiency and lightweight, driven by stringent regulations on fuel efficiency and emissions reduction, fuels the demand for two part adhesives that provide strong bonding while minimizing overall vehicle weight. In addition to that, increasing investments by the premium and luxury car manufacturers to manufacture new products with enhanced features, and growing demand for passenger cars in developing economies is further expected to drive the market growth during the forecast period.

    In terms of regions, North America is expected to remain the largest market for two part adhesive during the forecast period owing to the increasing need for construction projects and a rising demand for automobiles and household appliances.

    Whreas Asia Pacific is expected to be the fastest growing region due to increasing demand for two-part adhesives in the architectural and automotive sectors, the growing application of adhesives in vehicles to achieve weight reduction, and advancements in technology within end-use industries.

    Key Players

    The following are the key players in the two part adhesive market:

    • 3M Company
    • BASF SE
    • Bostik
    • DOW Chemical Company
    • H.B. Fuller
    • Henkel AG & Company
    • Huntsman Corporation
    • Master Bond Inc.
    • Sika AG
    • Toyoda Gosei Co., Ltd.

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Two Part Adhesive Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The Two Part Adhesive Market is segmented into the following categories. 

    Two Part Adhesive Market, by Resin Type

    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • MMA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Two Part Adhesive Market, by Application Type

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     

    Two Part Adhesive Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The two part adhesive market is estimated to grow at a CAGR of 9.4% by 2028, driven by the increasing demand for adhesives in the automotive, construction, and aviation sectors is propelling the market, as these adhesives are crucial for bonding various plastics, composites, and lightweight materials.

    3M Company, BASF SE, Bostik, DOW Chemical Company, H.B. Fuller, Henkel AG & Company, Huntsman Corporation, Master Bond Inc., Sika AG, Toyoda Gosei Co., Ltd. are the leading players in the two part adhesive market.

    North America is estimated to remain dominant in the two part adhesive market in the foreseeable future owing to the increasing need for construction projects and a rising demand for automobiles and household appliances.

    Asia-Pacific is estimated to remain the fastest-growing market for two part adhesives in the foreseeable future due to growing demand for two-part adhesives in the architectural and automotive sectors in the region.

    Automobile as an application is estimated to be dominant in the market in the coming years due to continuous pursuit of improved manufacturing efficiency and lightweight vehicles.

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