According to a new report published by Pristine Intelligence, titled, “Two Component Adhesive Market by Composition, Application, End-User Industry, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2024–2032,” 

The global Two Component Adhesive market size was valued at $ 6.79 Billion in 2023, and is projected to reach $ 14.53 Billion by 2032, registering a CAGR of 8.82% from 2024 to 2032.

The term "two-component adhesive market" refers to the global or regional commerce hub where manufacturers, suppliers, distributors, and buyers interact to exchange two-component adhesive goods. This market includes all retailers involved in the production, distribution, and use of two-part adhesives, such as raw material suppliers, adhesive manufacturers, end users, and government agencies. Two-component adhesives are also known as structural adhesives and reactive adhesives. The characteristic that sets them apart is that they cure chemically as opposed to a substance dissipating, such as solvents or water. The two required components must be dosed in the proper mixing ratio and blended homogeneously, or equally. Two-component adhesives without solvents are the recommended variety.   

A Significant Scene describes the two-component adhesive market, where a number of manufacturers and suppliers are fighting for market share. Well-known companies in this space frequently use tactics like core groups, M&A, and new product development to keep their competitive advantage and grow their market share. These participants' unique interactions create a vibrant environment and encourage progress.  

The two component adhesive market is being driven by the increasing need for high-performance adhesives in a range of global sectors. Due to its exceptional resistance to environmental factors, versatility, and superior holding strength, two-component adhesives have witnessed tremendous growth in the industry. Elite execution adhesives have become essential in meeting these needs as more companies attempt to improve item execution. For example, two-part adhesives in the automotive industry are meant to provide high-holding strength to support vehicle structures and reduce the weight of subordinate parts, thereby advancing environmental friendliness.

The adhesive industry has a lot of opportunities due to the development of bio-based and useful adhesives. This emerging trend is fueled by the growing demand for socially and environmentally responsible products in a variety of contexts. Bio-based adhesives have a few advantages over traditional petroleum-based adhesives since they are made from sustainable resources such waste streams, biomass, and plant-based components. There is a significant chance to lessen the environmental impact and carbon footprint of glue use and manufacture.

Global Two Component Adhesive Market, Segmentation

The Two Component Adhesive market is segmented on the basis of Composition, Application, End-User Industry, Sales Channel, and region.

Composition:

The Composition segment is further classified into Polyurethane, Epoxy, Methyl Methacrylate, Silicone, Acrylic. Among these, the Epoxy sub-segment accounted for the highest market share in 2023. The amazing adhesive qualities of epoxy are a major factor contributing to its strength. Because of their strong holding power, epoxy adhesives ensure a stable and long-lasting bond between a variety of substrates. They are reasonable for combining various materials, such as metals, composites, polymers, ceramics, and wood, thanks to this trademark. Their ability to produce robust bonding even in challenging settings like high temperatures or chemical exposure further enhances their versatility and adaptability to several sectors.

Application:

The application segment is further classified into Structural Bonding, Laminating, Sealing & Gasketing, Thread locking & Retaining, Potting & Encapsulation. Among these, the Structural Bonding sub-segment is anticipated to show the fastest growth by 2032. Growing demand for lightweight and high-strength materials is one of the main factors contributing to primary holding's dominance in the two-part adhesive market. The use of lightweight materials in the automotive, aerospace, and development industries has increased the need for a strong adhesive that can genuinely fuse these materials. Primary holding adhesives, such as polyurethanes and epoxies, provide a reliable and efficient solution for retaining these materials by evenly distributing loads over the substrate surface.

Region:

The Two Component Adhesive market in North America is projected to show the fastest growth by 2032. North America has a flourishing modern area, including auto, aviation, development, hardware, and general assembling. These businesses have a critical interest in two-part Adhesives because of their capacity to give solid and sturdy bonds. The locale's solid assembling base and mechanical headways drive the requirement for dependable Adhesives, supporting the interest in two-part Adhesives.

Some of the leading Two Component Adhesive market players are

• 3M (US)
• H.B. Fuller (US)
• Huntsman Corporation (US)
• Dow (US)
• Master Bond (US)
• Eastman Chemical (US)
• Sika AG (Switzerland)
• Bostik (France)
• BASF (Germany)
• Henkel AG (Germany), and Other Active Players.

Key Industry Developments

• In April 2024, BASF signed a Letter of Intent (LoI) with Youyi Group (Youyi), marking a significant milestone in reinforcing the strategic partnership between the two entities. The agreement emphasizes the supply of butyl acrylate (BA) and 2-ethylhexyl acrylate (2-EHA) from BASF’s Zhanjiang Verbund site to address the escalating demand within China’s adhesive materials industry.
• In August 2022, 3M has recently unveiled the 3M™ VHB™ Extrudable Tape, a cutting-edge bonding solution that is reshaping industries with its enhanced levels of automation, ease of use, and eco-friendliness. This innovative bonding solution combines the benefits of 3M™ VHB™ Tapes with the versatility of a liquid adhesive in a compact design, enabling application across different sizes and scopes with seamless integration.

Key Findings of the Study / Key Industry Developments

• Epoxy adhesives lead due to strong bonding capabilities across various materials.
• Anticipated fastest growth in structural bonding applications by 2032, driven by demand for lightweight, high-strength materials.
• North America poised for fastest market growth, buoyed by strong manufacturing sectors like automotive, aerospace, and construction.