Engineering Adhesives Market Size by Product Epoxies Polyurethanes Cyanocrylates Methacrylates Others, Application Transportation Construction Electrical & Electronics Energy Others, End-User Aerospace Automotive Marine Rail Electronics and Communication Sports, Region, Industry-Wide Analysis & Competitive Landscape Assessment
Overview
Global Engineering Adhesives Market is expected to reach US$ 38.54 Bn. by 2029, at a CAGR of 7.2% during the forecast period.
Engineering Adhesives Market Introduction and Market Scenario:
The Engineering adhesives are used for bonding and sealing automotive parts, construction materials, rolling stock, office machines, electrical appliances, and others. Engineering adhesives are widely used in different industries such as transportation, marine, rail, energy, and others, due to their properties such as high strength, high viscosity, and rigid bonds.
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In the consumer electronics industry, adhesives are used as sealing and masking agents in products with electrical properties. These adhesives also enhance the quality and reliability of equipment & machinery, help achieve dynamic and static strength & reduce the chances of corrosion during assembly. Moreover, adhesives like urethane and polychloroprene rubber are used in commercial and military aircraft for maintaining elastomeric structures such as escape slides and life preservers. Likewise, governments are making investments in the power generation industry, which, has led to the increasing demand for engineering adhesives.
The global engineering adhesives market is fairly competitive and prominent players have generated strong market competition at regional and global levels. Industry contributors are expected to considerably strengthen market growth with their inorganic strategic collaborations, new product launches, and technological innovations. For example, H. B. Fuller announced its expansion in Japan as H.B. Fuller Japan G.K. in 2021. This strategy is expected to help the company to strengthen its business in the regional market by focusing on new applications & reactive adhesives.
Engineering Adhesives Market Segment Analysis:
The global engineering adhesives market is segmented into product, application, and end-user. By End-User, the engineering adhesives market is segmented into aerospace, automotive, marine, rail, electronics and communication, and sports. The automotive industry is expected to hold the largest market share of xx% in the global market by 2029. The automotive industry is the largest consumer of bonding products in the global market. Increasing production together with a focus on weight reduction in vehicles is expected to support the demand for engineering adhesives. Development in technology has also helped in the production of innovative adhesive products. Details information of each segment is given in the MMR report.
Regional Insights:
The global engineering adhesives market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, Asia Pacific is expected to grow at the highest CAGR of xx% during the forecast period. This growth is attributed to manufacturers are transfer their production facilities to developing countries like China, Taiwan, India, the Philippines, and Indonesia.
The highly developed automotive and electronics sectors, together with the continuous investments in the Asia Pacific to advance the industrial and renewable energy sectors throughout the estimated period. The growing renewable energy industry in China, India, Singapore, and Korea thanks to the government reinforcement and advancements in the power generation industry is driving the demand for engineering adhesives.
The objective of the report is to present a comprehensive analysis of the Global Engineering Adhesives Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Engineering Adhesives Market dynamics, structure by analyzing the market segments and project the Global Engineering Adhesives Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Engineering Adhesives Market make the report investor’s guide.
Engineering Adhesives Market Scope: Inquire before buying
| Engineering Adhesives Market | ||||
|---|---|---|---|---|
| Base Year | 2022 | Forecast Period | 2023-2029 | |
| Historical Data | CAGR | Market Size in 2022 | Market Size in 2029 | |
| 2018 to 2022 | 7.2% | US$ 23.68 Bn | US$ 38.54 Bn | |
| Segments Covered | ||||
| by Product Epoxies Polyurethanes Cyanocrylates Methacrylates Others |
by Application Transportation Construction Electrical & Electronics Energy Others |
by End-User Aerospace Automotive Marine Rail Electronics and Communication Sports |
||
| Regions Covered | ||||
| North America United States Canada Mexico |
Europe UK France Germany Italy Spain Sweden Austria Rest of Europe |
Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC |
Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A |
South America Brazil Argentina Rest of South America |
Engineering Adhesives Market Key Players
1. Henkel AG & Co. KGaA
2. H.B. Fuller Company
3. Arkema
4. 3M
5. Hexion
6. Dow
7. Royal Adhesives & Sealants
8. Sika AG
9. UniSeal, Inc.
10. Huntsman International LLC
11. Anabond.com
12. Grupo Lamosa
13. Permabond LLC
14. EMS-CHEMIE HOLDING AG
15. Loxeal S.r.l.
16. Fasto Advance Adhesives Technologies
17. Dymax Corporation
18. LORD Corporation.
19. ThreeBond Co., Ltd
20. Parson Adhesives, Inc.
21. Others
Frequently Asked Questions:
1. Which region has the largest share in Global Engineering Adhesives Market?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Engineering Adhesives Market?
Ans: The Global market is growing at a CAGR of 7.2% during forecasting period 2023-2029.
3. What is scope of the Global Engineering Adhesives Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Engineering Adhesives Market?
Ans: The important key players in the Global market are – Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema, 3M, Hexion, Dow, Royal Adhesives & Sealants, Sika AG, UniSeal, Inc., Huntsman International LLC, Anabond.com, Grupo Lamosa, Permabond LLC, EMS-CHEMIE HOLDING AG, Loxeal S.r.l., Fasto Advance Adhesives Technologies, Dymax Corporation, LORD Corporation., ThreeBond Co., Ltd, Parson Adhesives, and Inc.
5. What is the study period of this Market?
Ans: The Global market is studied from 2022 to 2029.