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Moisture Curing Adhesives Market, By Type, By Substrate, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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REPORT HIGHLIGHT

Moisture Curing Adhesives Market size was valued at USD 5,120.43 Million in 2023, expanding at a CAGR of 8.90% from 2024 to 2032.

Moisture cure adhesives are effective for bonding difficult surfaces, including wood-based materials, untreated metal, and plastics without polypropylene or polyethylene. They are also suitable for insulation panels and external applications exposed to high temperatures. Delicate materials like glass, plastic panels, and sheet metal fascia can advantage from moisture curing as well. These adhesives create elastic bonds and seals, accommodating different thermal expansions. Unlike other adhesives, moisture cure adhesives react with moisture in the environment or underlying layer to cure. Although the curing process may be time-consuming, they offer unique advantages for construction material bonding and usage.

Moisture Curing Adhesives Market- Market Dynamics

Growing demand of moisture curing coating used for automotive and construction industry is anticipated to drive the growth of market

The rise in demand for moisture curing adhesives utilized in moisture curing coatings is primarily fueled by the expansion of the automotive sector, particularly in developing economies. Global automotive manufacturing industry data indicates that in 2022, the industry generated a revenue of 2.86 trillion. Furthermore, these adhesives find extensive application in construction projects, including bonding flooring materials, installing insulation panels, and sealing joints and seams in building structures. The construction sector significantly influences the growth of the United States, shaping urban areas and infrastructure. As per construction industry data, the sector has shown strength this year, boasting a market value of USD 1.8 trillion and contributing 4% to the nation's economy. Additionally, ongoing research and development initiatives in material science are driving the creation of innovative moisture curing adhesive formulations with enhanced performance attributes. Nevertheless, the market growth may face constraints due to the high cost of raw materials.

Moisture Curing Adhesives Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.90% over the forecast period (2024-2032)

Based on Type segmentation, Polyurethane was predicted to show maximum market share in the year 2023

Based on Substrate segmentation, Metal was the leading type in 2023

Based on Application segmentation, Construction was the leading type in 2023

On the basis of region, Asia Pacific was the leading revenue generator in 2023

Moisture Curing Adhesives Market- Segmentation Analysis:

The Global Moisture Curing Adhesives Market is segmented on the basis of Type, Substrate, Application, and Region.

The market is categorized into four groups according to Type: Polyurethane, Silicone, Cyanoacrylate, and Polyolefin. Polyurethane holds the largest share in the market. The moisture curing adhesives market is experiencing continuous growth due to the rising need for high-performance bonding solutions in different industries. Among these, polyurethane-based adhesives continue to lead the market due to their exceptional properties and versatility.

The market is categorized into five groups according to the Substrate: Metal, Plastics, Glass, Wood, Composite Materials, and Others. Metal holds the largest share in the market. The growth of the moisture curing adhesives market in the metal industry is driven by the demand for dependable bonding solutions that provide exceptional performance, longevity, and efficiency in metal fabrication, assembly, and maintenance processes.

The market is categorized into five segments according to their application: Construction, Automotive, Wood Working, Textile, and Others. Construction holds the largest share in the market. The moisture curing adhesives market is witnessing continuous growth in tandem with the construction industry. It provides innovative solutions to cater to the changing requirements for long-lasting, efficient, and eco-friendly building materials and techniques.

Moisture Curing Adhesives Market- Geographical Insights

Geographically, this market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided into nations that contribute to the business. The market is dominated by Asia Pacific, primarily due to infrastructure development, speed industrialization, and promising government strategies in the region. The region's industrialization is driven by economic growth, urbanization, and investments in manufacturing sectors, leading to a high demand for moisture curing adhesives in various industrial applications. In December 2023, China's industrial production grew by 6.8% year-on-year, surpassing market expectations and marking the highest expansion since February 2022. This growth was attributed to robust activities in mining, manufacturing, and utilities. Europe holds the second-largest region for market growth in the forecast period, mainly due to the increasing production of automobiles and a growing population.

Moisture Curing Adhesives Market- Competitive Landscape:

In the competitive landscape of the moisture curing adhesives market, companies are vying to create adhesives that possess exceptional performance characteristics such as strong bonding strength, flexibility, durability, and quick curing speed. These adhesives exhibit versatility, making them suitable for a wide range of applications in various industries including automotive, construction, aerospace, electronics, and packaging. Competitors are dedicated to developing adhesive solutions that are specifically tailored to meet the requirements of different applications, offering customized products to satisfy customer needs. Companies that have well-established distribution networks and a strong market presence can capitalize on their brand reputation and customer relationships to gain a competitive edge.

Recent Developments:

Dow unveiled today the latest addition to its product lineup, the DOWSIL EA-3838 Fast Adhesive. This cutting-edge primerless silicone adhesive offers rapid curing without the need for oven heat, resulting in enhanced efficiency and reduced energy consumption in the production of appliances, automotive electronics, lighting, and avionics. With its innovative formulation, this adhesive achieves quick adhesion at room temperature, enabling shorter cycle times.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL MOISTURE CURING ADHESIVES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Momentive Performance Materials Inc

Royal Adhesives & Sealants, Llc

The Dow Chemical Company

Illinois Tool Works Inc.

Bostik Sa (An Arkema Company)

Dow Corning Corporation

Henkel AG & Co. KGaA

Arkema Group

Master Bond Inc.

Paramelt B.V

Ag & Co. Kgaa

H.B. Fuller

3M Company

Sika Ag

Jowat Se

Others

GLOBAL MOISTURE CURING ADHESIVES MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032

GLOBAL MOISTURE CURING ADHESIVES MARKET, BY SUBSTRATE- MARKET ANALYSIS, 2019 - 2032

GLOBAL MOISTURE CURING ADHESIVES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

GLOBAL MOISTURE CURING ADHESIVES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

Table of Contents

1.Moisture Curing Adhesives Market Overview

2.Executive Summary

3.Moisture Curing Adhesives Key Market Trends

4.Moisture Curing Adhesives Industry Study

5.Moisture Curing Adhesives Market: COVID-19 Impact Analysis

6.Moisture Curing Adhesives Market Landscape

7.Moisture Curing Adhesives Market - By Type

8.Moisture Curing Adhesives Market - By Substrate

9.Moisture Curing Adhesives Market - By Application

10.Moisture Curing Adhesives Market- By Geography

11.Key Vendor Analysis- Moisture Curing Adhesives Industry

12.360 Degree Analyst View

13.Appendix

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