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Two Component Adhesive Market Analysis 2022-2030

Published Date: August, 2022
No of Pages: 148
Delivery Format: PDF+ Excel

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Two Component Adhesive Market Overview

The global two component adhesive market is projected to be worth USD 7.23 billion by 2023, with an increase of 6.5 percent. The report analyzes the need for two-part adhesives by type of resin, including epoxy, polyurethane, MMA, silicone, and others, as well as by application, including electronic, automotive, construction, aerospace, and more, and also by region, specifically, North America, Europe, Asia-Pacific, and RoW.

The base year for the two component adhesive market report is 2021, and the forecast spans from 2022 until 2030. The market for two-part adhesives is driven by the rising demand for adhesives used in bonding various composites, plastics, and light-weight materials in automobile construction, aviation, and industry.

Bottom-up and top-down methods are used to determine and confirm the market size and assess the extent of other dependent submarkets of the two component adhesive market. The research study utilized the utilization of numerous secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, The Adhesive and Sealant Council (ASC), Association of European Adhesives and Sealants (FEICA), Adhesive & Sealant Portal, British Adhesives and Sealants Association.

Adhesives and Sealants Manufacturers Association of Canada, China National Adhesives Industry Association, The European Adhesive Tape Industry Network, Japan Adhesive Industry Association (JAIA) etc are some of the other private and government websites to collect and identify information relevant to the technical-commercial, and market-oriented study of the two component adhesive market.

Two Component Adhesive Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2019-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Two-part adhesives are produced with various raw materials, like binders, resin additions, wax, tackifier, and other ingredients. The raw materials available on the market are provided by large companies like Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Evonik Industries (Germany), ExxonMobil Chemical (U.S.), and other two-part adhesive manufacturers like H.B. Fuller (U.S.), 3M Company (U.S.) as well as Henkel AG & Company (Germany) and other.

Key Target Audience:

  • Manufacturers of adhesive raw materials, adhesives and resins, and feedstock chemicals producers
  • Distributors, traders, and distributors of two-part adhesive
  • Regional associations of manufacturers and general two-part sticky associations.
  • Regional and government agencies, as well as research institutions
  • Firms that research investments

two component adhesive market

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The scope of the Two Component Adhesive Market Growth report

This report analyzes the two component adhesive market based on the resin type, application, and region.

Based on Resin Type

  • Polyurethane
  • Epoxy
  • MMA
  • Silicone
  • Other

Based on the application:

  • Automotive
  • Construction
  • Electronics
  • Aviation
  • Other

Based on the Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

The two component adhesive market is also analyzed for the most important countries within these regions.

two component adhesive market

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This two component adhesive market share will be driven by the growing applications of adhesive in vehicles to reduce weight. The automotive industry uses light materials like composites, plastics, and aluminum; these eventually require a better bond to ensure bonding. It is, therefore, one of the main factors in expanding two-component adhesives worldwide. Asia-Pacific and RoW are predicted to experience significant growth in all the considered regions over the coming five years. In addition, emerging markets, including China, Brazil, and India, boost the demand in these regions.

By the needs of the applications, various kinds of adhesives based on different resins are typically employed in multiple industries. They have different properties based on the specifications. They are classified according to their chemical composition, including epoxy, polyurethane, and silicone, in addition to others.

Additionally, the other segments comprise acrylic, polyimide, and rubber-based adhesives. Polyurethane adhesive is currently the predominant type of adhesive available in the market for two-part adhesives. The two-part adhesive is used in a variety of applications. Construction, automobiles, aerospace, and electronics are the most popular application segments included in the study. 

The driving force behind this  two component adhesive market industry is the increasing demand for two-part adhesives in the construction, automotive, and aerospace markets. In the automotive sector, welds, rivets, fasteners, gaskets, screws, and joint joints can be replaced by two-component adhesives. The main restraining elements are:

  • The fluctuation in the prices of raw materials.
  • Regulations of the government.
  • The effect of recession on the end-user industries.

Prices and the availability of raw materials are crucial elements for manufacturers of adhesives in deciding on the price the structure of their product. The primary raw materials in the adhesive industry comprise chemical compounds, inorganic substances, and refined petroleum products. Most of these raw materials contain petroleum-based derivatives that are susceptible to fluctuation in the prices of commodities.

However, H.B. Fuller (U.S.), 3M Company (U.S.) as well as Henkel AG & Company (Germany) are the most prominent firms and have a solid position within China, the U.S., and China. They are likely to hold a substantial percentage of market shares shortly. Making inroads into closely related industries and pursuing new markets will allow two-part adhesive manufacturers to manage the pressures of a volatile economy, resulting in the diversification of their business portfolios and the growth of their revenues.

Other significant producers of the two-component adhesive include Sika AG (Switzerland), BASF SE (Germany), Dow Chemical Company (U.S.), Bostik (France) as well as Master Bond Inc. (U.S.).

Research Approach/Methodology of two component adhesive market

MWR’s research methodology is based on extensive use of secondary and primary data sources. The research involves the analysis of various aspects impacting the industry, including the policies of the government, the competitive landscape, the market environment and historical data, as well as current developments in the market technological innovation, emerging technologies, and the advancement of technology in related industries, and potential market risks as well as market barriers and issues.

Market Size Estimation of two component adhesive market

Bottom-up and top-down approaches are employed to verify the size of the global two component adhesive market and to estimate the size of the market for companies’ regions, regions segment as well as product segments and applications (end users). The market estimates are built on the product’s retail price (excluding discounts offered by the distributor, manufacturer, wholesaler, trader, or).

Partially splits, market shares and breakdown of product segments are calculated based on the weights allocated to each segment based on their usage rate and average sale price. The regional splits of the total product market and sub-segments are determined by the per cent of adoption or use of the particular product within the specific region or country.

Top key players on the two component adhesive market is determined through secondary data, and the market revenue is determined by secondary and primary approach. Secondary research comprised the study of financial and annual reports of the largest companies. In contrast, primary research involved extensive interviews with opinion makers and experts in the industry like experienced front-line employees, directors, CEOs, and marketing managers.

The market share, percentage splits and Growth Rate, as well as the market structure of the product, are calculated from secondary sources and then verified by primary sources. All potential factors that affect the markets are verified by conducting primary analysis, and then analyzed to obtain the final qualitative and quantitative results.

Market Breakdown, Data and Triangulation of two component adhesive market

After completing market engineering, including calculations of market statistics, size estimations, forecasting of market breakdown, and data triangulation, a lot of analysis are then conducted to collect details and to confirm the numbers to be verified.

Throughout the entire method of market engineering, top-down and bottom-up methods are were widely used, together with a variety of triangulation techniques for market estimation and forecasting of market trends for the entire market segment and sub-segments . A thorough analysis of quantitative data is also carried out using all the data gathered during the entire market engineering process to present important information throughout the research.

Data Sources of two component adhesive market

Secondary Sources

Secondary sources include annual reports, press releases, non-profit organizations and industry associations, government agencies, customs information, and others. This study focuses on extensive use of secondary sources, directories, databases, and directories like Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones and Company) and trading ECONOMICS and News Network, Statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS and company house documents CAS (American Chemical Society) and investor presentations along with SEC filings of corporations.

Secondary research are utilized to discover and gather details that could be used for a thorough technological, market-oriented and commercial analysis of the product market. It also helps collecting necessary information on the most prominent companies, market classification and segmentation by market trends from the lowest level, and critical technological and market developments.

Primary Sources

For the research process, different sources from both the demand and supply sides are being interviewed to collect quantitative and qualitative information. The primary sources on the supply side comprise companies (and their rivals) and opinion leaders, experts from the industry and research institutes, distributors, traders and dealers, raw material suppliers and producers, etc.

The primary sources for demand-side information are industry experts, such as business leaders, sales and marketing directors, directors of innovation and technology supply chain executives, the market (product buyers) and top executives from a variety of key organizations and companies operating globally.

The primary studies are then conducted to find segments, types of segmentation, price ranges, application of the product important company, raw materials supply and demand downstream as well as the status of the industry and its forecast, and the fundamental market dynamics, such as risk factors, influence factors and opportunities obstacles to market entry, trends in the industry, and the strategies of key players.

COVID-19 impact Analysis of two component adhesive market

To understand the impact of COVID, we must understand the supply chain of the industry and the value chain. By analyzing the supply chain, we understand the bottlenecks affecting the industry’s growth. And by analyzing the value chain, we understand what value each component adds to the entire industry. We then try to understand the COVID impact has on the industry by trying to find answers to the following questions: 

How many jobs have been lost?

How many people have died due to COVID?

How did the Government respond, and what measures Government has taken to revive a particular industry?

How companies have responded to COVID?

What growth rate companies are expecting?

We also analyse their annual reports and press releases to understand their
strategies post COVID. Then we move towards the primary research part and contact government officials and industry experts such as CEOs, COOs, Directors, VPs, Directors and Managers to understand what impact COVID has had on their businesses and what they are doing to cope with it.

We also try to understand their views regarding other financial aspects, such as recovery and obstacles in achieving pre-COVID growth and when they expect to achieve it.

Finally, after gathering the info from secondary and primary research, we try to form a model through which we gauge the COVID impact on a particular industry ( two component adhesive market).

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Table of Content

1 Introduction (Page No. – 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Regional Scope
1.3.2 Markets Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology (Page No. – 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insight
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Reserach Assumptions
2.5 Limitations

3 Executive Summary (Page No. – 26)

4 Premium Insights (Page No. – 29)
4.1 Attractive Market Opportunities in Two Part Adhesive Market
4.2 Two Part Adhesive Market, By Resin Types, (2015-2020)
4.3 Two Part Adhesive Market Growth, By Region, (2015-2020)
4.4 Two Part Adhesive Market, By Application, (2015-2020)
4.5 Two Part Adhesive Market Share in Asia-Pacific, By Country and By Application
4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. – 35)
5.1 Introduction
5.1.1 Two Part Adhesive
5.1.2 Major Advantages of Two Part Adhesive
5.1.3 Disadvantages of Two Part Adhesive
5.2 Market Segmentation
5.2.1 By Resin Type
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Construction, Transportation, and Consumer Applications to Drive the Adhesives Market
5.3.1.2 High Demand for Adhesives From Asia-Pacific
5.3.1.3 Technological Advances in End-Use Industries
5.3.2 Restraints
5.3.2.1 Volatility in Raw Material Prices
5.3.2.2 Recessionary Effect on the End-Use Industries
5.3.3 Opportunities
5.3.3.1 Growing Demand for Low Voc, Green and Sustainable Adhesives
5.3.3.2 Increasing Demand for Lightweight and Low Carbon-Emitting Vehicles
5.3.4 Challenges
5.3.4.1 Stringent and Time-Consuming Regulatory Policies

6 Industry Trends (Page No. – 44)
6.1 Introduction
6.2 Value-Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Degree of Competition

7 Two Part Adhesive Market, By Resin Type (Page No. – 48)
7.1 Introduction
7.2 Polyurethane Adhesives
7.3 Epoxy Adhesives
7.4 Mma Adhesives
7.5 Silicone Adhesives
7.6 Others

8 Two Part Adhesive Market, By Application (Page No. – 58)
8.1 Introduction
8.2 Construction
8.3 Automotive
8.4 Electronics
8.5 Aviation
8.6 Others

9 Two Part Adhesive Market, By Region (Page No. – 68)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Italy
9.3.4 U.K.
9.3.5 Others
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Others
9.5 RoW
9.5.1 Russia
9.5.2 Brazil
9.5.3 Others

10 Competitive Landscape (Page No. – 109)
10.1 Overview
10.2 Competitive Situation and Trends
10.3 New Product Launches
10.4 Mergers & Acquisitions
10.5 Investments & Expansions
10.6 Partnerships, Contracts & Agreements

11 Company Profiles (Page No. – 115)
11.1 Introduction
11.2 3M Company
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Brand and Their Applications
11.2.4 Recent Developments
11.2.5 MWR View
11.3 H.B. Fuller Company
11.3.1 Business Overview
11.3.2 Brand and Their Applications
11.3.3 Recent Developments
11.3.4 MWR View
11.4 Henkel AG & Company
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 MWR View
11.5 BASF SE
11.5.1 Business Overview
11.5.2 Products and Their Applications
11.5.3 Recent Developments
11.5.4 MWR View
11.6 Huntsman Corporation
11.6.1 Company Overview
11.6.2 Products& Their Applications
11.6.3 Recent Development
11.6.4 MWR View
11.7 DOW Chemical Company
11.7.1 Company Overview
11.7.2 Product and Their Applications
11.7.3 Recent Developments
11.7.4 MWR View
11.8 Sika AG
11.8.1 Business Overview
11.8.2 Products and Their Applications
11.8.3 Recent Development
11.8.4 MWR View
11.9 Bostik
11.9.1 Business Overview
11.9.2 Products and Their Applications
11.9.3 Recent Developments
11.9.4 MWR View
11.10 Aster Bond Inc.
11.10.1 Company Overview
11.10.2 Products and Their Application
11.10.3 Recent Developments
11.10.4 MWR View

Segmentation

Based on Resin Type

  • Polyurethane
  • Epoxy
  • MMA
  • Silicone
  • Other

Based on the application:

  • Automotive
  • Construction
  • Electronics
  • Aviation
  • Other

Major Companies

Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Evonik Industries (Germany), ExxonMobil Chemical (U.S.), and other two-part adhesive manufacturers like H.B. Fuller (U.S.), 3M Company (U.S.) as well as Henkel AG & Company (Germany) and other.

Why Choose MWR

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Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

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