According to TechSci Research report, “Engineering Adhesives Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Engineering Adhesives Market has valued at USD 19.56 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.23% through 2028
In recent years, the global engineering adhesives market has experienced significant developments that have contributed to its growth and evolution. These developments are a result of several factors, including technological advancements, changing consumer preferences, and the increasing demand for high-performance adhesive solutions across various industries.
One notable development in the global engineering adhesives market is the emphasis on sustainability and environmental responsibility. As awareness of environmental issues continues to grow, there has been a notable shift towards eco-friendly adhesives with lower volatile organic compound (VOC) emissions. Manufacturers are investing in research and development to create adhesives that meet stringent environmental regulations while maintaining their adhesive properties. This trend aligns with the broader sustainability goals of many industries.
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Additionally, the automotive sector has been a driving force in the growth of the engineering adhesives market. Automakers are increasingly turning to adhesives as an alternative to traditional mechanical fasteners in vehicle assembly. This shift is motivated by the desire to reduce weight, improve fuel efficiency, and enhance vehicle safety. The development of high-strength, lightweight adhesives that can withstand the rigors of automotive applications has been pivotal in this regard.
Another important development is the expansion of the electronics and aerospace industries. With the growing demand for smaller and more complex electronic devices, as well as the need for lightweight materials in aerospace applications, engineering adhesives have found extensive use. These adhesives provide the necessary bonding strength, thermal stability, and protection against environmental factors.
Furthermore, advancements in nanotechnology have opened up new possibilities in the engineering adhesives market. Nanoadhesives, which utilize nanoparticles to enhance bonding properties, are gaining attention for their ability to provide stronger and more durable bonds in various applications.
Lastly, the global engineering adhesives market has witnessed a surge in mergers and acquisitions as companies seek to expand their product portfolios and market reach. These strategic moves are helping companies stay competitive and respond to the evolving needs of industries.
In conclusion, the recent developments in the global engineering adhesives market underscore its dynamic nature and its importance across diverse industries. The market’s growth is being driven by a combination of sustainability concerns, technological innovation, and increased adoption in critical sectors like automotive, electronics, and aerospace. As the demand for high-performance and environmentally responsible adhesive solutions continues to rise, the engineering adhesives market is poised for further expansion and innovation.
The Global Engineering Adhesives Market is segmented into product, Application, regional distribution, and company.
Based on the application , the transportation segment is projected to experience rapid growth during the forecast period. This is due to the increasing demand for lightweight and strong materials in the automotive and aerospace industries. Engineering adhesives are used to bond these materials together, which helps to reduce the weight of vehicles and aircraft and improve their fuel efficiency.
The construction segment is another important segment of the engineering adhesives market. Engineering adhesives are used in a variety of construction applications, such as bonding concrete, metal, and glass. These adhesives also help to improve the durability and weather resistance of buildings and other structures.
The Asia-Pacific region is poised to assert its dominance in the global market, primarily due to its well-established automotive and electronics sectors. Over the years, significant investments have consistently been made in the region to propel advancements in both the industrial and renewable energy sectors.
China, in particular, has emerged as a major player in terms of both electronics’ consumption and production. This surge in China’s electronics industry has led to a notable uptick in demand for engineering adhesives across the Asia-Pacific region in recent times.
Despite a recent downturn in automotive manufacturing, Asia-Pacific remains the largest global consumer of automobiles. According to the Organisation Internationale des Constructeurs d’Automobiles (International Organization of Motor Vehicle Manufacturers), the Asia-Pacific region has been at the forefront of global automobile production in recent years. China, with its multitude of automobile manufacturing facilities, accounts for a substantial portion of the demand for engineering adhesives.
The burgeoning renewable energy industry in countries like China, India, Singapore, and Korea, spurred by government support and advancements in power generation, is also a significant driver of the growing demand for engineering adhesives in the region.
Major companies operating in Global Engineering Adhesives Market are:
- 3M Co.
- Anabond
- Arkema S. A
- Ashland Global Specialty Chemicals Inc
- Beijing Comens
- Dow Corning Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Duratek
- Dymax Corporation
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“The global engineering adhesives market is experiencing significant growth and evolution, driven by several key factors. There is a growing emphasis on sustainability and environmental responsibility, leading to the development of eco-friendly adhesives with reduced volatile organic compound (VOC) emissions. These adhesives are aligned with the increasingly stringent environmental regulations across industries.
The automotive sector has played a pivotal role in market growth, with automakers adopting adhesives to reduce weight, improve fuel efficiency, and enhance safety in vehicle assembly. High-strength, lightweight adhesives are becoming essential components in the automotive manufacturing process. Expanding electronics and aerospace industries are also driving market demand, as engineering adhesives offer the required bonding strength, thermal stability, and protection against environmental factors.
Nanotechnology has brought forth innovative nano adhesives, offering stronger and more durable bonding properties. Furthermore, mergers and acquisitions are reshaping the competitive landscape as companies seek to broaden their product portfolios and market reach.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Engineering Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Epoxies, Polyurethanes, Cyanoacrylates, Methacrylates, and Other), By Application (Transportation, Construction, Electrical & Electronics, Energy, and Others), By Region and competition”, has evaluated the future growth potential of Global Engineering Adhesives Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Engineering Adhesives Market.
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