Global Engineering Adhesives Market to Reach US$ 26.4 Billion by 2027, Catalyzed by Significant Growth in Automotive Industry

December 14, 2022

According to the latest report by IMARC Group, titled “Engineering Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global engineering adhesives market size reached US$ 18.4 Billion in 2021. Engineering adhesives are binding substances applied on the surface of materials to provide high strength to construct load-bearing joints. It includes epoxy, polyurethane (PU), phenolic resins, and various acrylics, such as anaerobic, cyanoacrylate, and methacrylate. They are manufactured using fillers, plasticizers, toughening agents, surfactants, diluents, and antioxidants. Engineering adhesives are widely used to bond and seal automotive parts, office machines, medical and optical equipment, furniture, ceramics, electric appliances, and building materials. They aid in forming rigid joints that are leak-proof and shock, vibration, and corrosion-resistant. Engineering adhesives are convenient and cost-effective that can join dissimilar materials, improve stress distribution, enhance appearance, and increase design flexibility. 

Engineering Adhesives Market Trends:

The increasing product utilization in the automotive industry is one of the primary factors driving the market growth. Engineering adhesives are widely used for structural bonding of drive shafts and chassis, sealing heat exchanger tubes, bonding interior trim and dashboard, sealing core plugs, and locking thread bolts, pins, and bearings due to their high-temperature resistance, excellent bond strength, and durability. In addition to this, the widespread product utilization for potting and sealing electronic components, sensors, switches, and relays in vehicles is acting as another growth-inducing factor. Furthermore, the rising adoption of engineering adhesives in the construction industry for sealing and bonding metal parts, structural glasses, ceramic tiles, construction panels, and outside doors and anchoring steel bars into concrete is providing an impetus to the market growth. Additionally, the launch of advanced engineering adhesives that are more adaptable, cure faster, produce low odor, and are suitable for smaller and more complex designs, which, in turn, improves efficiency, increases design opportunities, and aids in manufacturing better, safer, and innovative products are positively influencing the market growth. Apart from this, the introduction of bio-based product variants manufactured using vegetable oil, soya, and organic starch that are eco-friendly, bio-degradable, and reduce volatile organic compound (VOC) emissions are favoring the market growth. Other factors, including the rising product applications in wind turbine blades and commercial and military aircraft and across the marine industry for shipbuilding, maintenance, and repair, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 26.4 Billion by 2027, exhibiting a CAGR of 6.4% during 2022-2027.

Market Summary:

  • On the basis of the product, the market has been divided into epoxy, polyurethanes, cyanoacrylates, methacrylates, and others.
  • Based on the application, the market has been classified into transportation, construction, electrical and electronics, energy, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some 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.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Engineering Adhesives Market to Reach US$ 26.4 Billion by 2027, Catalyzed by Significant Growth in Automotive Industry
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More