Moisture Curing Adhesives Market - By Type (Polyurethane Adhesives, Silicone Adhesives, Hybrid Adhesives, Others), By Substrate (Metal, Plastics, Glass, Wood, Composite Materials, Others), By End-user & Forecast, 2023 – 2032

Moisture Curing Adhesives Market Size

Moisture Curing Adhesives Market size was valued at USD 4.9 billion in 2022 and is anticipated to register a CAGR of over 8.3% between 2023 and 2032. Moisture-curing adhesives are versatile and can bond a wide range of substrates, including metals, plastics, glass, wood, and composites. This versatility makes them attractive for various applications across industries. These adhesives are often single-component systems that do not require complex mixing or curing processes. This simplicity of use can lead to cost savings in terms of labor and equipment.

Some moisture-curing adhesives offer relatively fast curing times, which can increase production efficiency. Rapid curing is particularly important in manufacturing settings where quick assembly is essential. Many moisture-curing adhesives are known for their resistance to environmental factors like moisture, UV radiation, and temperature extremes. This makes them suitable for outdoor and harsh environment applications.

Some moisture-curing adhesives may contain VOCs, which can contribute to air pollution and have health implications. Reducing VOC content while maintaining adhesive performance is a challenge. The disposal of waste products from the production and use of adhesives can have adverse effects on the environment. Sustainability and the reduction of waste are critical concerns.

COVID-19 Impact

Many industries that use moisture-curing adhesives, such as automotive manufacturing, construction, and aerospace, experienced a significant decline in demand as production facilities shut down or operated at reduced capacity due to lockdowns and restrictions. Construction projects, including commercial and residential building construction, were postponed or delayed, impacting the demand for adhesives used in building materials.

Moisture Curing Adhesives Market Trends

The construction industry continues to be a significant consumer of moisture-curing adhesives. These adhesives are used for roofing, flooring, sealing, and bonding applications in both residential and commercial construction projects.

In the automotive industry, there is a growing trend toward lightweighting to improve fuel efficiency. Moisture-curing adhesives are used for bonding lightweight materials like composites and aluminum, contributing to reduced vehicle weight. Moisture-curing adhesives are finding increased use in electronics assembly and appliance manufacturing due to their ability to bond a wide range of materials, provide electrical insulation, and resist moisture and thermal cycling.

Moisture Curing Adhesives Market Analysis

Based on type, the market is divided into polyurethane adhesives, silicone adhesives, hybrid adhesives, others. Polyurethane adhesives segment held the dominant market share of USD 2.9 billion in 2022. Polyurethane adhesives are used extensively in the automotive industry for bonding and sealing applications, such as windshield installation and structural bonding. Demand is driven by the automotive sector's need for lightweighting, improved safety, and enhanced performance. Silicone adhesives are used in the assembly of electronics, appliances, and other electrical components due to their excellent electrical insulation properties and resistance to moisture and temperature extremes.

Based on substrate, the market is categorized into metal, plastics, glass, wood, composite materials, others. Metal accounted for over 30% market share in 2022 and is projected to grow through 2032. Metal substrates are prevalent in the automotive and transportation industries. The demand for moisture-curing adhesives is driven by the need for lightweighting, corrosion resistance, and enhanced structural bonding in vehicle assembly. The automotive industry relies on moisture-curing adhesives to bond plastic interior components due to their ability to adhere well to plastics and provide high-strength bonds.

North America dominated the global moisture curing adhesives market in 2022. The automotive industry in North America is continually seeking ways to reduce vehicle weight to improve fuel efficiency. Within North America, the U.S. generated a revenue of over USD 1.7 billion in 2022. Moisture-curing adhesives play a crucial role in bonding lightweight materials like composites and aluminum, contributing to weight reduction. The electronics industry relies on moisture-curing adhesives for the assembly of electronic components, ensuring reliable and durable connections in products ranging from consumer electronics to industrial equipment.

Moisture Curing Adhesives Market Share

Major players operating in the moisture curing adhesives industry include:

• 3M
• Henkel AG & Co. KGaA
• Sika AG
• Bostik (Arkema Group)
• H.B. Fuller Company
• Dow Inc.
• Illbruck

3M and Henkel AG & Co. KGaA are dominant players in the global market due to their vast product portfolio. 3Ms ecosystem integration, along with consistent innovation, have attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.
 

Moisture Curing Adhesives Industry News

• In June 2023, Dymax launched HLC-M-1000, the first medical product in its new Hybrid Light-Curable (HLC) series of adhesives to offer rapid curing in light to a wider range of substrates. HLC adhesives exhibit exceptional properties of Dymax light-curable adhesives, and the rapid moisture cure of anionics.
   
• In November 2022, Henkel launched Loctite Ablestik ICP 2120, an electrically conductive adhesive (ECA) that comes with room-temperature moisture curing capability to deliver robust electrical grounding performance. It is a moisture cure ECA which helps to safeguard thin, and miniaturized substrates within mobile device camera components.
   

The Moisture curing adhesives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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By type

• Polyurethane Adhesives
• Silicone Adhesives
• Hybrid Adhesives
• Others

By substrate

• Metal
• Plastics
• Glass
• Wood
• Composite Materials
• Others

By end user

• Automotive
• Construction
• Aerospace
• Electronics
• Marine
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia