市場調查報告書
商品編碼
1512655
全球黏合劑和密封劑市場 - 2024-2031Global Adhesive and Sealant Market - 2024-2031 |
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概述
全球黏合劑和密封劑市場在2023年達到781億美元,預計到2031年將達到1,199億美元,2024-2031年預測期間複合年成長率為5.5%。
新一代電動車的開發將成為市場成長的主要推動因素,因為使用新型輕量零件和更少的機械緊固件將有助於減輕重量並延長電池續航里程。例如,總部位於英國的跨國黏合劑製造商 Permabond 最近推出了一系列專門用於電動車生產應用的黏合劑。
對黏合劑處理不當造成的環境污染的擔憂可能成為預測期內削弱市場成長的主要因素。許多國家處理黏合劑廢棄物的規定不嚴格,甚至對其處置的規定也很差。在這些問題解決之前,黏合劑的使用可能會繼續面臨監管限制。
動力學
汽車產業不斷成長的黏合劑需求
目前,塑膠和複合材料在輕量化汽車零件中的使用更為頻繁。這些部件有效降低了車輛的重量並提高了燃油經濟性。然而,它們也為另一側的組裝過程帶來了問題。當將非金屬部件整合到金屬部件中時,生產商必須使用強力膠將部件黏合在一起,從而推動了結構黏合劑市場的成長。由於溶劑焊接通常不適用於複合材料,並且鑽孔可能會導致零件損壞,因此結構黏合劑是這些材料的絕佳連接解決方案。
結構黏合劑在汽車行業中的應用不斷成長,鼓勵了主要參與者對該市場進行投資,從而提高了該產品的市場佔有率。例如,2023年,DELO推出了一種用於混合動力汽車電池的結構黏合劑。導熱防火 DELO-DUOPOX TC8686 專為大批量系列製造而設計。目前,該產品正被用來幫助一家汽車供應商擴張。這種新型膠水特別適合輕度混合動力車的低壓電池。
新興國家基礎建設發展的成長
為了提高公民的生活品質並改善公共空間的整體形象,許多新興市場的政府正在公共基礎設施發展方面進行大量資本投資。後疫情時期,新地鐵、機場、橋樑、體育場館、高鐵建設步伐加快。
目前,中國和印度在基礎建設方面處於領先地位,而印尼、泰國和馬來西亞等東南亞國家也正在迅速擴大基礎建設規模。儘管非洲國家發展落後,但也有一些計畫是在多邊組織的幫助下進行的。基礎設施的這種成長將增加建築業對黏合劑和密封劑的需求。
關於黏合劑的環境問題
環境問題已成為阻礙結構性黏合劑市場成長的重要因素。與焊接和鉚接等傳統連接方法相比,現代黏合劑以其卓越的黏合性能而聞名。然而,其中一些黏合劑含有可能對環境有害的危險化學物質,這使得它們對具有環保意識的消費者缺乏吸引力。
結構黏合劑的主要問題之一是它們對空氣品質的影響。有些黏合劑在固化過程中會釋放揮發性有機化合物(VOC),這會造成空氣污染。揮發性有機化合物也會為長期接觸揮發性有機化合物的工人帶來健康問題。
此外,結構性黏合劑對水質的影響日益增大是另一個影響環境的因素。有些黏合劑含有化學物質,如果進入水道,可能會對水生生物有毒。如果黏合劑處理不當或在靠近水源的應用中使用,則可能會發生這種情況。為了減少黏合劑對環境的影響,許多國家正在製定嚴格的法規,使小型企業難以在市場上與大企業競爭。
Overview
Global Adhesives and Sealants Market reached US$ 78.1 billion in 2023 and is expected to reach US$ 119.9 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.
The development of a new generation of electric vehicles will be a major contributing factor to market growth since the usage of new lightweight components and lesser mechanical fastenings will help reduce weight and extend battery range. For instance, Permabond, a UK-based multinational manufacturer of adhesives, recently launched a range of adhesives exclusively for EV production applications.
The concern about the environmental contamination caused by the improper disposal of adhesives could become a major factor in crippling market growth during the forecast period. Many countries have lax protocols for handling adhesive waste and even poor regulations regarding their disposal. Until these issues are sorted, the usage of adhesives might continue to face regulatory restrictions.
Dynamics
Growing Adhesive Demand from the Automotive Industry
Currently, plastics and composite materials are used more frequently in lightweight car components. The components effectively lower a vehicle's weight and raise its fuel economy. However, they also pose a problem for the assembling process on the other side. The producer must use strong glue to bind the pieces together when integrating a non-metal component into a metal component, driving the growth of the structural adhesives market. Because solvent welding is typically not an option for composites and drilling might result in component damage, structural adhesives are a great connecting solution for these materials.
The growing application of structural adhesives in the automotive industry has encouraged the key players to invest in the market, escalating the market share for the product. For instance, in 2023, DELO launched a structural adhesive for batteries used in hybrid vehicles. The thermally conductive and fire DELO-DUOPOX TC8686 is created for high-volume series manufacture. Currently, the product is being utilized to help an automotive supplier expand. The new glue is especially well suited for mild hybrid vehicles' low-voltage batteries.
Growth of Infrastructure Development in Emerging Countries
To improve the quality of life for their citizens and improve the overall image of public spaces, the governments of many emerging markets are making significant capital investments in public infrastructure development. The construction of new metro systems, airports, bridges stadiums, and high-speed railways has picked up pace in the post-pandemic period.
China and India are currently at the forefront of the growing infrastructure development, however, Southeast Asian countries like Indonesia, Thailand, and Malaysia are also rapidly scaling up infrastructure development. Although African countries are lagging, there have been a few projects that have been undertaken with the help of multilateral organizations. Such a growth in infrastructure will augment the demand for adhesives and sealants in the building and construction sector.
Environmental Concerns About Adhesives
Environmental concerns have become a significant factor hampering the growth of the structural adhesives market. Modern adhesives are known for their superior bonding properties compared to traditional joining methods such as welding and riveting. However, some of these adhesives contain hazardous chemicals that can be harmful to the environment, making them less appealing to environmentally conscious consumers.
One of the main concerns with structural adhesives is their impact on air quality. Some adhesives emit volatile organic compounds (VOCs) during the curing process, which can contribute to air pollution. VOCs can also cause health problems for workers who are exposed to them over long periods.
Furthermore, structural adhesives' growing impact on water quality is another factor concerning the environment. Some adhesives contain chemicals that can be toxic to aquatic life if they enter waterways. It can happen if the adhesive is not disposed of properly or used in applications near water sources. To reduce the environmental impact of adhesives, many countries are coming up with stringent regulations that make it difficult for small players to grow in the market against big players.
The global adhesives and sealants market is segmented based on product, type, technology, application, and region.
Automotive & Transportation is Likely to Become a Fast Growing Segment
Due to the rising need for lightweight materials and fuel-efficient vehicles, the global market for new types of adhesives in the automotive industry is predicted to expand at a significant rate in the next years. The increasing adoption of electric vehicles is another industry trend. Lightweight materials are necessary for electric vehicle to increase their performance and range. To bind these materials together, structural adhesives are crucial because they provide more strength and durability than conventional mechanical fasteners.
3M is currently developing a new adhesive that is intended to assist car OEMs in improving or even replacing welds, nuts, bolts, and other mechanical fasteners in production processes. In early 2023, DuPont commenced production at a new automotive adhesive manufacturing at Zhangjiagang, Jiangsu Province in East China.
Slowdown in Construction will Challenge Market Growth in Asia-Pacific
China is expected to continue to be the world's largest building and real estate market, supporting regional expansion in the Asia-Pacific. The expansion of the building industry in China was greatly aided by decades of significant Chinese investments in infrastructure projects, a quickly growing urban population, and significant foreign direct investments (FDI) in industrial facilities.
However, China experienced a decline in both residential and non-residential real estate construction in the aftermath of the pandemic. Additionally, Chinese building firms experience a significant increase in production costs as a result of the global rise in the price of construction materials, including metals and wood, but so far have been able to pass these increases on to customers without any repercussions. An ongoing government crackdown on corruption in the real estate sector is also stifling construction activity
Further, the recovery of the building and real estate sectors following the COVID-19 downturn depends critically on government spending on infrastructure. Over the short to medium term, significant expenditures anticipated mainly in India, Vietnam, Thailand, Japan, and other major economies are expected to propel the demand for adhesives and sealants in the region.
However, the COVID-19 pandemic significantly impacted the global economy, including the adhesives and sealants market. The pandemic caused disruptions in supply chains and reduced demand for many types of adhesives. The automotive, aerospace, and construction industries were majorly hit by the pandemic, as production of vehicles and aircraft was significantly reduced.
However, despite the challenges posed by the pandemic, the global market is expected to recover in the post-pandemic period. As economies reopened and industries resumed operations, demand for adhesives and sealants is expected to surpass pre-pandemic levels. Other industries, such as construction, papermaking, and electronics, are also expected to drive demand for adhesives and sealants.
The war in Ukraine has created very difficult market conditions for the Russian adhesives and sealants market. The industry has witnessed decreased production, especially as most Western chemical manufacturers left the country. The nationalized assets of these companies were handed to Russian operators. However, the new operators lacked the equipment and spare parts to repair production machinery, leading to frequent work stoppages and supply disruptions.
Russian consumers faced a significant shortfall of many specialist sealants and adhesives, which had to be imported from China. The steep increase in European energy prices caused by the war in Ukraine forced many adhesives and sealant manufacturers to scale back production or relocate entirely. The volatility caused by the war in Ukraine will not impact the market growth over the long term.
The major global players in the market include GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc., Stena Metall AB, and ACCUREC-Recycling GmbH.
The global adhesives and sealants market report would provide approximately 70 tables, 67 figures, and 206 Pages.
Target Audience 2024
LIST NOT EXHAUSTIVE