Engineering Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Epoxy, Acrylic, Cyanoacrylate, Silicone, Other Types), End-user Industry (Automotive, Aerospace, Industrial, Electronics and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Engineering Adhesives Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

>3 %

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Market Overview

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.

Scope of the Report

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

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.
Engineering Adhesives Market Volume Share

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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 Market Regional Trends

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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Manufacturing Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Outbreak of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Acrylic

      3. 5.1.3 Cyanoacrylate

      4. 5.1.4 Silicone

      5. 5.1.5 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Industrial

      4. 5.2.4 Electronics

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema S. A

      3. 6.4.3 Ashland Global Specialty Chemicals Inc

      4. 6.4.4 Dow Corning Corporation

      5. 6.4.5 Dymax Corporation

      6. 6.4.6 H.B. Fuller

      7. 6.4.7 Henkel AG & Co. KGaA

      8. 6.4.8 Huntsman International LLC

      9. 6.4.9 Permabond LLC

      10. 6.4.10 Sika AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand from Batteries and Renewable Energy

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Engineering Adhesives Market market is studied from 2016 - 2026.

The Engineering Adhesives Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • 3M
  • Henkel AG & Co. KGaA
  • Permabond LLC
  • Huntsman International LLC
  • H.B. Fuller

Are the major companies operating in Engineering Adhesives Market.

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