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Reactive Adhesive Market Size Forecast to Reach $2.6 Billion by 2026

(, November 20, 2021 ) Reactive adhesive market size is forecast to reach US$2.6 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. The reactive adhesives provide a permanent attachment between substrates which enhance their physical properties by increasing the resistance towards chemical, moisture, and heat. Reactive adhesives such as methyl methacrylates, cyano acrylates, thermosetting polymer, epoxy adhesives, and more are widely used in hot melts or solvent-borne adhesives due to their characteristics of curing and resisting metals. The significant drivers for this industry are the ever-changing wind energy, packaging, and textile sector in various regions. Moreover, the expanding automotive industry, and the flourishing building and construction sector, is projected to substantially drive the reactive adhesives industry during the forecast period.

COVID 19 - Impact

The impact of Covid-19 on the energy sector, including wind power, has been sobering in the entire nation. After the national lockout was implemented in March, nearly all of the region's wind-sector manufacturing capacity was shut down. During the busiest season of the year, project execution came to a halt as well. As a result, in April and May, only a few new capacities were added. As constraints were relaxed in June, the sector struggled with supply-chain delays and a shortage of qualified workers and had to slowly re-establish itself. Thus, owing to this setback, the sector is largely hit, which is having a major impact on the reactive adhesives market.

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Reactive Adhesive Market Segment Analysis – By Additive

The epoxy-based reactive adhesives segment held the largest share in the reactive adhesives market in 2020 and is growing at a CAGR of 8.3%. Epoxy adhesives are better in heat and chemical resistance than other common adhesives such as methyl methacrylates, cyano acrylates, thermosetting polymer, and more. Epoxy adhesives that are cured with heat are more heat and chemical resistant than those that are cured at room temperature. Epoxies are the most flexible adhesive family because they bond well to a wide range of substrates and can be easily adjusted to achieve a wide range of properties. Thus, these extensive properties of reactive adhesives are the key factor anticipated to boost the demand for epoxy-based reactive adhesives during the forecast period.

Reactive Adhesive Market Segment Analysis – By End-Use Industry

The wind energy industry held the largest share in the reactive adhesives market in 2020 and is growing at a CAGR of 7.2%, owing to the increasing usage of reactive adhesives such as methyl methacrylates, cyano acrylates, thermosetting polymer, epoxy adhesives, and more in the wind energy sector. Wind power provides many advantages over conventional sources of energy, including limitless & free energy, renewable and non-polluting electricity production. Unlike other kinds of power plants, it releases no air pollution or greenhouse gases. For bonding blades together, reactive adhesives are used. They provide a reduced weight solution, as well as having advantages in minimizing production time and protection against corrosion. In recent years, the installed wind power capacity has experienced a substantial increase due to the increasing awareness of the environment around the world, which is boosting the market growth in this end-use industry during the forecast period.

Reactive Adhesive Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the reactive adhesives market in 2020 up to 39%, owing to the flourishing wind energy sector in the region. A joint venture (including Toshiba, Hitaci, Zosen Corp, and JFE Steel) plans to construct the world's largest offshore wind farm off the coast of Fukushima, Japan, with up to 143 floating turbines. The wind farm is scheduled to be operational by 2025. The Indian Ministry of New and Renewable Energy (MNRE) has set a goal of 5.0 GW of offshore wind installations by 2022 and 30 GW by 2030, according to the MNRE. The increasing wind energy projects in the region are expected to augment the demand for rotor blade bonding. And reactive adhesives such as methyl methacrylates, cyano acrylates, thermosetting polymer, epoxy adhesives, and more are largely employed in the wind energy sector. Thus, it is anticipated that with the wind energy industry, there will be an upsurge in the demand for reactive adhesives in the region.

Reactive Adhesives Market Drivers

Flourishing building and construction Sector

The government has launched initiatives in India, such as '100 smart cities' and 'Housing for All by 2022,' which are projected over the forecast period to drive the Indian residential construction market. Moreover, the Government-wide Circular Economy Initiative, which aims to establish a circular economy in the Netherlands by 2050, is boosting the country's construction industry. The building and construction industry is thriving globally through such government initiatives. Such government initiatives are flourishing in the building and construction industry globally. In addition, as compared to other binding methods, the use of reactive adhesives in construction has several benefits. These include the ability to tie multiple materials together, the more efficient distribution of stress through a joint, the cost-effectiveness of a process that is easily mechanized, and greater design flexibility, owing to which it largely employed in the construction sector, and which is driving the market growth during the forecast period.

Expanding Automotive Industry

The reactive adhesives are extensively utilized in the automotive industry to manufacture automobile components such as the seats, gluing carpets, bonding foam-based materials, fixing cables, attaching door sill protectors as well as bonding emblems and gear knobs. According to the International Trade Administration (ITA), the Chinese government is expecting that automobile production will reach 35 million by 2025. In January 2018, South Africa's total motor sales were estimated at 54,620, which increased to 55,156 in January 2019, according to Stats Sa. According to the Korea Trade & Investment Promotion Agency (KOTRA), there is a strong demand for commercial vehicles in Saudi Arabia. The commercial vehicle sales were about 82,027 units in 2018 and expected to reach about 97,188 by 2023. With the increasing automotive industry, the demand for automotive components will also increase, which will drive the demand for reactive adhesives during the forecast period.

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Reactive Adhesives Market Challenges

Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin

As most of the adhesive constituents are chemicals, they have harmful effects on the human body when used incorrectly and, in some situations, even when correctly followed by the guidelines for handling. In the case of acrylic adhesives, low molecular weight acrylic monomers are the main agents for dermatitis. The monomers and oligomers of reactive adhesives are considered to have a significant effect on the skin and/or mucous membrane. Since contact with high concentration for a short period of low concentration can result in dermatitis, workplace issues sometimes become troublesome, which is expected to be a significant challenge for the reactive adhesives market during the forecast period.

Reactive Adhesives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the reactive adhesives market. Major players in the reactive adhesives market are 3M, Adco Uk Limited, Sika AG, American Biltrite Inc., Arkema Group, H.B. Fuller, Ashl and Global Specialty Chemicals Inc., Avery Dennison Corporation, Collano Adhesives Ag., Jowat, Delo Industrie Klebstoffe Gmbh. and Co Kgaa, Dow Chemical Company, and Franklin International.

Acquisitions/Technology Launches

In December 2020, Jowat launched Jowatherm-Reaktant® GROW 631.20, a reactive polyurethane hot-melt adhesive based on renewable raw materials available for laminating operations in the textile and automotive industry.

In October 2020, Jowat introduced the new Jowatherm-Reaktant® GROW series which offers an environment-friendly solution with the bio-based PUR hot melt adhesives for textile lamination.

Key Takeaways

Asia-Pacific dominates the reactive adhesives market, owing to the increasing manufacturing & construction activities in APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”.

Reactive adhesives have higher bond strength and durability than their counterparts. They have excellent temperature and environmental resistance, even under harsh conditions, which is driving the growth of the reactive adhesives market during the forecast period.

The increasing wind energy sector is likely to drive the demand for reactive adhesives. However, high regulation by the government due to the increasing health issues such as harmful effect on skins is projected to restrain the market growth in the coming years

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which various wind energy operations are disruptively stopped, which is hampering the reactive adhesives market growth.

Related Reports

A.Silicone Adhesives Market

B.Industrial Adhesives Market

For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


Venkat Reddy

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Source: EmailWire.Com

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