The global engineering adhesives market size reached US$
18.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$
26.4 Billion by 2027, exhibiting a growth rate (CAGR) of
6.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Engineering adhesives are joining materials that are applied to different materials to bind them together. When hardened, these substances provide a relatively high modulus to enable the construction of load-bearing joints. They also have the ability to join dissimilar materials, such as metals, plastic, wood and rubber, and help create lightweight, strong, and stiff structures. These adhesives offer design flexibility, enabling novel design concepts to be implemented and provide a wider choice of materials to designers. They also have high optical transparency or opacity, fast setting, corrosion, and heat and chemical resistance. As a result, engineering adhesives are widely used in the field of optics, fiber optics, optoelectronics, and dentistry.
Engineering Adhesives Market Trends:
The growing use of engineering adhesives in various industries, ranging from automotive and electronics to renewable energy, and advanced engineering applications, represents one of the key factors driving the market growth. In the consumer electronics industry, adhesives are used as potting and masking agents in products with electrical properties. These adhesives also improve the quality and reliability of equipment and machinery, help achieve dynamic and static strength and reduce the chances of corrosion during assembly. In dissimilar substrates, such as plastic, metal, and glass, engineering adhesives distribute uniform stress, reduces weight, and improve fatigue resistance. Besides this, adhesives like urethane and polychloroprene rubber are utilized in commercial and military aircraft for maintaining elastomeric structures such as escape slides, life preservers, and life rafts. In line with this, product manufacturers are increasingly replacing conventional fasteners with bonding products that offer cost savings and performance improvements. Moreover, governments worldwide are making investments in power generation industry, which, in turn, has led to the escalating demand for engineering adhesives.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global engineering adhesives market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
- Electrical and Electronics
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Arkema, Ashland, Dow Inc, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, LORD Corporation (Parker Hannifin Corp), Permabond LLC and Sika AG.
|Base Year of the Analysis
||Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Arkema, Ashland, Dow Inc, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, LORD Corporation (Parker Hannifin Corp), Permabond LLC and Sika AG
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Key Questions Answered in This Report:
- How has the global engineering adhesives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global engineering adhesives market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global engineering adhesives market and who are the key players?
- What is the degree of competition in the industry?