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Moisture Curing Adhesives Market Analysis
- Report ID: GMI3915
- Published Date: Oct 2023
- Report Format: PDF
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.
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Moisture Curing Adhesives Market Scope
