Engineering Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Engineering Adhesives Market Analysis
The market for engineering adhesives is expected to grow at a CAGR of more than 3% globally during the forecast period.
Growing demand from manufacturing industries and increasing applications for industrial purposes are driving the market growth.
The outbreak of COVID-19 and volatility in raw material prices are expected to hinder the market growth.
Engineering Adhesives Market Trends
This section covers the major market trends shaping the Engineering Adhesives Market according to our research experts:
Growing Demand from Automotive and Aerospace Sectors
- Engineering Adhesives are majorly used for engineering applications. The demand for engineering adhesives has been growing from the manufacturing industries such as automotive, electronics, renewable energy sector, and also from other advanced engineering applications.
- Engineering adhesives are being used to bond different materials such as aluminum, polymers, composites, engineering plastics, and so on.
- Engineering adhesives are witnessing high demand from the automotive industry in recent years. Factors such as high-temperature resistance, exceptional bonding strength, and durability, make engineering adhesives suitable for automotive applications.
- The demand from the aerospace industry has been gradually growing. North America, Europe, China are the regions that hold major manufacturing units of aerospace components.
- However, the impact of COVID-19 on production lines in various industries in all regions is estimated to decrease the consumption of engineering adhesives in 2020.
- Increasing applications for the aerospace industry, advancements in the automobile industry are expected to fueling the demand for engineering adhesives through the years to come.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed automotive and electronics sectors, coupled with the continuous investments done in the region to advance the industrial and renewable energy sectors through the years.
- Moreover, China is emerging as one of the biggest markets, both in terms of consumption and production of electronics. This has increased the demand from the electronics industry for engineering adhesives in the Asia-Pacific region in recent years.
- Although there is a decline in the automotive manufacturing industry in the recent past, Asia-Pacific is still the largest consumer of automobiles globally.
- According to the Organisation Internationale des Constructeurs d'Automobiles, Asia-Pacific leads the global automobile production in recent years. China has a large number of automobile manufacturing plants which accounts for a large chunk of the demand for engineering adhesives.
- The growing renewable energy industry in China, India, Singapore, and Korea due to the government's encouragement and advancements in the power generation industry are driving the demand for engineering adhesives.
Engineering Adhesives Industry Overview
The global engineering adhesives market is fragmented in nature with many players competing in the market. Some of the major companies are 3M, Henkel AG & Co. KGaA, Permabond LLC, Huntsman International LLC, and H.B. Fuller, among others.
Engineering Adhesives Market Leaders
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3M
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Henkel AG & Co. KGaA
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Permabond LLC
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Huntsman International LLC
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H.B. Fuller
*Disclaimer: Major Players sorted in no particular order
Engineering Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Manufacturing Industries
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Outbreak of COVID-19
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Epoxy
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5.1.2 Acrylic
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5.1.3 Cyanoacrylate
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5.1.4 Silicone
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5.1.5 Other Types
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Aerospace
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5.2.3 Industrial
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5.2.4 Electronics
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema S. A
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6.4.3 Ashland Global Specialty Chemicals Inc
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6.4.4 Dow Corning Corporation
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6.4.5 Dymax Corporation
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6.4.6 H.B. Fuller
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6.4.7 Henkel AG & Co. KGaA
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6.4.8 Huntsman International LLC
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6.4.9 Permabond LLC
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6.4.10 Sika AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Batteries and Renewable Energy
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7.2 Other Opportunities
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Engineering Adhesives Industry Segmentation
The Engineering Adhesives Market report include:
| Type | |
| Epoxy | |
| Acrylic | |
| Cyanoacrylate | |
| Silicone | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Aerospace | |
| Industrial | |
| Electronics | |
| Other End-user Industries |
| Geography | |||||||
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Engineering Adhesives Market Research FAQs
What is the current Engineering Adhesives Market size?
The Engineering Adhesives Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Engineering Adhesives Market?
3M, Henkel AG & Co. KGaA , Permabond LLC , Huntsman International LLC and H.B. Fuller are the major companies operating in the Engineering Adhesives Market.
Which is the fastest growing region in Engineering Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Engineering Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Engineering Adhesives Market.
What years does this Engineering Adhesives Market cover?
The report covers the Engineering Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Engineering Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Engineering Adhesives Industry Report
Statistics for the 2024 Engineering Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Engineering Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
