Engineering Adhesives Market, By Type (Epoxy, Polyurethanes, Phenolic, Acrylic, and Others), Application (Locking, Sealing, Retaining and Others), End-use Industry (Aerospace & Defense, Transportation, Electrical & Electronics, Power & Energy, Building & Construction and Others), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting (2021-2030)

The Global Engineering Adhesives Market has been estimated to be valued at around USD 15,567.3 million in 2021 and is projected to grow at a CAGR of 6.7% during the forecast period till 2030. Engineering adhesives play a major role in improving the reliability and quality of machinery equipment. Adhesives are substances that are applied to surfaces of similar or different kind of material to bind them together or resist their separation. Hence, engineering adhesives are manufactured specifically to seal and bond construction materials, automotive parts, rolling stock, electrical appliances, and others.

The characteristics which influence while selecting the best engineering adhesives for particular applications are UV curable adhesives, epoxy adhesives, acrylic adhesives, anaerobic adhesives, cyanoacrylate adhesives, and others. Each adhesive has its own benefits and various applications. For instance, UV curable adhesives are suitable for potting, bonding, sealing, and gasketing. Epoxy resins remain inactive until it is heated, and is mainly used to join surfaces like metals, ferrites, and composites. Moreover, acrylic adhesives can bond two dissimilar materials.

Heavy industries depend on the benefits offered by engineering adhesives like high strength, high viscosity, and rigid bonds and hence, contribute significantly to the growth of the market. Furthermore, the ability of these adhesives to reduce corrosion and achieve more static strength plays an important role in assembly applications. However, bonding materials at very high temperature is less stable, and this limitation will restrain market growth to some extent.

Rising demand for electrical appliances will fuel the engineering adhesives market growth. Further, technological advancements and growing research & development investments in the adhesives market will drive the market growth during the analysis period.

Engineering Adhesives MarketFIGURE 1: GLOBAL ENGINEERING ADHESIVES MARKET

Segmentation

The global engineering adhesives market report has been segmented by type, application, end-use industry, and region.

Engineering Adhesives Market Fig 2FIGURE 2: GLOBAL ENGINEERING ADHESIVES MARKET SEGMENTATION

Global Engineering Adhesives Market, By Type

Based on type, the engineering adhesives market is segmented into epoxy, polyurethanes, phenolic, acrylic, and others. The epoxy segment is expected to hold the largest market share during the analysis period. Epoxy is a choice of designers and engineers, as it is considered a strong adhesive. It consists of epoxide resin and other reactive hardeners. The ability of epoxy to be supplied in forms like paste, film, liquid, or powder will increase its demand and hence, will contribute to the growth of the market.

Polyurethane is supplied in liquid or paste form for gap filling in light-duty connections for applications like car repairs, product assembly, and others. Phenolic adhesives are used for bonding timber and metal-based components. Acrylic consists of various subgroups like anaerobic, cyanoacrylate, and toughened acrylic.

Global Engineering Adhesives Market, By Application

Based on application, the market for engineering adhesives is segmented into locking, sealing, retaining, and others. The locking segment is expected to grow faster in the market due to its ability to fill the gaps between screw threads. Moreover, they have the ability to reduce shock, vibration, corrosion, and leak, which will drive the market.

Sealing helps the screws or nuts to fit in position and give a constant and reliable seal. Sealing can also be done using anaerobic gaskets to provide effective seal against gases and fluids. The advantages offered by retaining adhesives are maximum strength, high shear strength, and medium strength for parts which need frequent disassembly.

Global Engineering Adhesives Market, By End-Use Industry

Based on end use industry, the market is segmented into aerospace & defense, transportation, electrical & electronics, power & energy, building & construction, and others. Transportation is expected to hold the largest market share during the forecast period. Rising demand for joining vehicle components and replacement of fasteners will drive the growth of the market.

The electrical & electronics segment is also expected to drive the market growth due to a rise in demand for consumer electronic products like smartphones, laptops, and others. Furthermore, heavy industries like aerospace & defense, building & construction, and others are upgrading respective components to be cost effective and light weight and hence, will significantly contribute to the growth of the engineering adhesives market. 

Global Engineering Adhesives Market, By Region

Based on region, the global market for engineering adhesives is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific region is expected to exhibit significant growth during the forecast period. The growth of various manufacturing industries like construction, automobile, electronics, and construction in the region will drive the market during the analysis period. China is one of the fastest growing countries in this region for the aforementioned industries and hence, will contribute to the growth of the engineering adhesives market.

Recent Developments in the Global Engineering Adhesives Market

  • In February 2021, Arkema S.A. announced its acquisition of Brazil-based hybrid-technology leader in adhesives and sealants, Poliplas. Arkema will target growth strategy in adhesives in the fastest growing regions through this acquisition.
  • DuPont announced in April 2021 about investing USD 30 million for an adhesives manufacturing plant. The plant will be based on Zhangjiagang, Jiangsu Province in East China and will serve mainly the transportation industry customers.
  • Bostik, a leading adhesive company under Arkema launched a range of new engineering adhesives, Born2Bond in November 2019. These adhesives are designed for industries like electronics, packaging, medical devices, and automotive for by-the-dot bonding applications.

Engineering Adhesives Market Fig 3FIGURE 3: GLOBAL ENGINEERING ADHESIVES MARKET (USD MILLION), 2021-2030

What does this Report Provide?

A detailed understanding of the global engineering adhesives market demand from a qualitative and quantitative perspective. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global engineering adhesives market.

The major market drivers, challenges, and opportunities for the global engineering adhesives market have been covered in the report. This report further includes the market share of the leading companies operating in the engineering adhesives market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By Type:

  • Epoxy
  • Polyurethanes
  • Phenolic
  • Acrylic
  • Others

By Application:

  • Locking
  • Sealing
  • Retaining
  • Others

By End User:

  • Aerospace & Defense
  • Transportation
  • Electrical & Electronics
  • Power & Energy
  • Building & Construction
  • Others

By Region:

North American Engineering Adhesives Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America by Type
  • North America by Application
  • North America by End-Use Industry

The European Engineering Adhesives Market

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe 
  • Europe by Type
  • Europe by Application
  • Europe by End-Use Industry

Asia Pacific Engineering Adhesives Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • The Rest of Asia-Pacific 
  • Asia Pacific by Type
  • Asia Pacific by Application
  • Asia Pacific by End-Use Industry

The Middle East and Africa Engineering Adhesives Market

  • The Middle East and Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa by Type
  • Middle East and Africa by Application
  • Middle East and Africa by End-Use Industry

South American Engineering Adhesives Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America by Type
  • South America by Application
  • South America by End-Use Industry

Major Companies: In this report, the major companies studied are: Henkel AG & Co. KGaA, Huntsman Advanced Materials, Dow Corning Corporation, Permabond, PPG Industries, 3M Company, H. B. Fuller, Evonik Industries, Sika AG, Royal Adhesives & Sealants, RPM International, Inc., Ashland Inc., Illinois Tool Works Inc., MACtac, and MAPEI.

Objectives of This Report:

  • Market size estimation of the engineering adhesives market on a regional and global basis
  • Unique research usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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