Moisture Curing Adhesives Market Size, Share & Trends Analysis By Chemistry (Polyurethane, Silicone, Cyanoacrylate, Polyolefin), By Application (Construction, Automotive, Wood Working, Textile), And Segment Forecasts, 2018 - 2025

Industry Insights

The global moisture curing adhesives market size was worth USD 4.04 billion in 2016. The growing demand for moisture-curing coating used for automotive and construction is expected to be a significant factor in driving the market growth.

The ability of moisture curing adhesives of coating various products such as automobile spare parts, furniture, and textiles, to protect them from moisture, thus makes it viable for use across a wide range of applications. These adhesives are used in various end-use industries including construction, textile, automobile, woodworking, and various other products, for example, in the packaging industry.

U.S. moisture curing adhesives market revenue by chemistry, 2014 - 2025 (USD Million)

The various raw materials available including polyethers and MDI-based isocyanates permits properties, such as adaptability, cathodic corrosion protection, and scraped area imperviousness to being modified to meet the requirements. Moisture curing polyurethane system is a verified coating solution, specifically for intermediate coats and primers, and offers various advantages, for example, long-lasting rust protection, basic processability as no blending is required, and curing even at lesser temperatures.

The market by chemistry in the U.S. was USD 831.3 million in 2016 and it is anticipated to grow significantly over the forecast period. Growth in the automotive, construction, packaging, coatings, and woodworking application is expected to drive the demand in the U.S. These factors are expected to propel the moisture curing adhesives in this region.

The major change in consumer lifestyle coupled with the rise in the economic standard may contribute towards the growth of furniture and automotive sectors, especially in the Asia Pacific. Asia-Pacific is expected to grow since there is growth in urbanization, due to a significant increase in the construction and automobile industry in developing nations such as India and China.

Environmental and safety issues along with increasing governmental regulations are anticipated to aid the manufacturing of products with less volatile organic compounds (VOC). The U.S. Environmental Protection Agency (EPA) has laid down guidelines for use of clean air in furniture surface coating industries. Government regulations such as Significant New Alternatives Policy (SNAP) applied by EPA and REACH regarding the use of eco-friendly products in the manufacturing of curing adhesives, are expected to pose challenges to the industry participants.

Chemistry Insights

Polyurethane has a high load capacity in both compression and tension. Polyurethane experiences a change in shape under a heavy load, however, returns to its normal shape when the load is removed. Polyurethane load-bearing glulam technology is utilized in the construction sector. The silicone family incorporates siloxanes and silanes, moisture-curing silicones rely on chemical reactions with water. These materials crosslink at room temperature by reacting with ambient moisture and it is absorbed on the surface. On account of this, it comes with the advantage of the weathering resistance.

Cyanoacrylates are a group of strong quick-acting adhesives with household, industrial, and medical uses. Thin cyanoacrylates stick has an application in woodworking. It can be utilized to provide a glossy finish to wooden parts and also enable quick drying in the woodworking process. Cyanoacrylate is a single segment adhesive that responds quickly at room temperature when it comes in contact with humidity.

Polyolefins are the biggest group of thermoplastics. They are polymers of basic olefins, for example, ethylene, propylene, butenes, isoprenes, and pentenes, and copolymers. Melted polyolefin gives protection to polar solvents, bases, acids, and alcohols, by providing them with moisture. The polyolefin group of hot melts offers a better bond than polypropylene when contrasted with an alternate type of hot melts.

Application Insights

Global market demand is increasing owing to rising development in automotive and construction segments. Construction is the largest application segment and accounted for over 25.44 % of the total market revenue in 2016.

Global moisture curing adhesives market revenue by application, 2016 (%)

Polyurethane adhesives have various beneficial properties such as high strength and high water-resistance which are excellent at construction base, where durability is an essential factor, for both interior and exterior construction. The woodworking industry is growing at a significant pace owing to the housing and construction industry especially in developing countries. Growth in the woodworking industry is directly related to the development of the housing industry. In the past few years, wood coatings have held a major share in the coatings industry across the globe.

The requirement for lightweight materials is increasing on account of the rising demand for lightweight vehicles. Lightweight materials coated with moisture curing adhesives are utilized to manufacture glass fiber strengthened composites and carbon fiber composites. The F1 car manufacturers are concentrating on the development of lightweight materials and compact vehicle structure to achieve better performance.

Wood coatings were one of the most effective end-user application segments. Moisture curing adhesive is used for wood coatings to ensure the long life of wood in construction and manufacturing activities. Transparent coating materials allow the natural look of wood including texture, grain, and color to remain attractive and hence increase their demand.

High breathability is a basic characteristic of adhesive in the production of building textiles. Subsequently, the improvement of polyolefin-based and of moisture curing polyurethane adhesive frameworks for building textiles is vital. Other applications section market is additionally anticipated to develop at a high rate because of the wide uses of moisture cure adhesives in several items. Infrastructure advancement, supported by fast industrialization and ideal government approaches are the key driver for the industry.

Regional Insights

North America has been one of the leading markets for moisture curing adhesives for the past few decades. The region has many large and small market players. Growth in the construction sector and wood coating sector is anticipated to drive the market. The region is a mature market and thus is expected to witness steady growth over the forecast period. The growing demand for automobiles and growing environmental concerns are anticipated to be the crucial factors positively impacting the market.

European market dominated the global industry with a demand share exceeding 29.89% in 2014. The growth in the automotive industry in the European region is expected to push the demand for moisture-curing adhesive products. Countries such as France, Italy, Germany, and the UK are the major manufacturers of automotive and its spare parts. Due to this, Europe is expected to witness a steady demand over the forecast period. The demand for moisture curing adhesives in the construction sector is also expected to drive the market.

The Asia Pacific is expected to be the fastest-growing market for moisture curing adhesives over the forecast period. The presence of potential developing and emerging countries such as India, China, Indonesia, and Malaysia is expected to drive the market in the region. The major industries in the region are automotive, construction & housing, coatings, electrical & electronics due to which the growth in the market is expected.

Competitive Insights

Key market players include Henkel AG & Co. KGaA, H.B. Fuller, 3M Company, Sika AG, Royal Adhesives & Sealants, LLC, The DOW Chemical Company, Bostik SA, Tosoh Corporation, DOW Corning Corporation, Dymax Corporation, and Jowat SE. Moisture curing adhesive manufacturing companies have adopted partnership strategies with raw material suppliers as well as manufacturing companies to increase their market presence. Some of the players have forward integrated their operations to cut down on raw material procurement and operation costs.

Recent Development

• 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

Report Scope

Segments Covered in the report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global moisture curing adhesives market based on chemistry, application, and region:

• Chemistry Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Polyurethane

  • Silicone

  • Cyanoacrylate

  • Polyolefin

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Construction

  • Automotive

  • Wood Working

  • Textile

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

  • Middle East & Africa