China is expected to lead the APAC structural adhesives market

The global structural adhesives market was valued at $11,677.9 million in 2018 and is projected to reach $15,683.0 million by 2024, progressing at a CAGR of 5.2% during the forecast period (2019–2024). Among all types of structural adhesives, acrylic adhesives held the largest share in the market during the historical period.
The building & construction application category held the largest share in the structural adhesives market. This is mainly attributed to the high usage of these adhesives in attaching drywall, tile, molding, and fixtures to walls, ceilings, and floors, owing to their high resistance to water and heat, high structural strength, and less curing time.

Together, North America and APAC are expected to account for over 69.4% share in the global structural adhesives market by 2024. This can be mainly attributed to the presence of established players, increasing adoption of structural adhesives over fasteners, and rise in infrastructural development in these regions.
Other geographies, which include Europe and Row, also hold considerable shares in the market, on account of increasing demand for light-weight vehicles and enhanced fuel economy, owing to the ability of adhesives to offer high bond strength and fast curing speed for dissimilar substrates.

China is expected to lead the APAC structural adhesives market, generating revenue of over $4,267.1 million in 2024. This can be mainly attributed to an increase in the demand for heavy-lifting equipment, owing to growth in the construction industry. Furthermore, rapid industrial and infrastructural growth along with renovation projects are pushing the demand for composite materials, and thereby, driving the growth of the market.