Specialty Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Product (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, and Acrylic), End-user Industry (Aerospace, Automotive, Construction, Marine, Medical, Military, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Specialty Adhesives Market Size

 Specialty adhesives market Overview
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

 Specialty adhesives market Key Players

*Disclaimer: Major Players sorted in no particular order


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Specialty Adhesives Market Analysis

The market for specialty adhesives is expected to grow at a CAGR of more than 4% during the forecast period. Major factors driving the market studied are the growing demand from medical sector. Stringent Regulations is expected to hinder the growth of the market studied.

  • Infrastructural development in emerging economies is expected to grow during the forecast period owing to the increasing construction activities.
  • Increasing demand for the stabilizing European construction sector is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the globe with the largest.

Specialty Adhesives Market Trends

This section covers the major market trends shaping the Specialty Adhesives Market according to our research experts:

Growing Demand for Construction Activities

  • The demand for specialty adhesives is majorly used in the construction industry. The growth in the global population is driving the need for more and more high-rise living vertical towers, as well as more urban buildings, which is likely to pose a life safety risk.

  • According to the world bank, in 2020, the expenditure of construction industry is expected to reach about USD 11.9 trillion, with an increase of about 4.2%.

  • The construction activities are rapidly increasing in various regions such as Asia-Pacific, North America, and Europe, etc.

  • The pace of growth in the global construction industry is expected to increase during the coming years, in regions, such as Middle East & Africa. This reflects the huge investment in building and infrastructure that is taking place in Saudi Arabia, the United Arab Emirates, and Qatar.

  • With the increasing growth rate of construction activities around the globe, the demand of specialty adhesives is expected to increase in the forecast period.

 Specialty adhesives market Key Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share in 2018. With growing industries such as construction, medical, aerospace etc., the need for specialty adhesives in countries such as China, India, and Japan, is increasing in the region.

  • Building construction has been growing in Asia-Pacific. This can be attributed to population growth resulting in the need for more residential and commercial sectors.

  • Furthermore, China’s One Belt, One Road initiative, focuses on green development and urbanization with infrastructure development of the airport, roads, and 30,000 km of high-speed rail covering which will cover more than 80 cities and 60% of urbanization ratio with permanent residents, which increase the demand for specialty products.

  • The Japanese aerospace industry manufactures aircraft components mainly for commercial aircraft and defense aircraft. The production of commercial aircraft is increasing from the last couple of years, owing to the increasing cargo demands.

  • Most of the aerospace companies in the country are engaged in maintenance repair and operations, such as airplanes and jet engine maintenance and system maintenance. Companies like IHI, Subaru are in the business of maintenance, repair, and overhaul, and work upon more than 100 aircraft per year.

  • The aforementioned factors is expected to drive the growth of the market in the forecast period.

 Specialty adhesives market Growth by Region

Specialty Adhesives Industry Overview

The specialty adhesives market is semi-consolidated. The major companies include 3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., and Permatex, among others.


Specialty Adhesives Market Leaders

  1. 3M

  2. Arkema Group (Bostik SA)

  3. Henkel AG & Co. KGaA

  4. Master Bond Inc.

  5. Permatex

*Disclaimer: Major Players sorted in no particular order

3M,  Adirondack Specialty Adhesives, Advanced Adhesive Technologies Inc., Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., Nexus Adhesives, Permatex, Savare Specialty Adhesives LLC, Specialty Adhesives Inc., Worthen Industries

Specialty Adhesives Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Medical Sector

      2. 4.1.2 Infrastructural Development in the Emerging Economies

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Cyanoacrylates

      2. 5.1.2 Polyvinyl Acetate

      3. 5.1.3 Polyurethanes

      4. 5.1.4 Acrylic

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace

      2. 5.2.2 Automotive

      3. 5.2.3 Construction

      4. 5.2.4 Marine

      5. 5.2.5 Medical

      6. 5.2.6 Military

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Adirondack Specialty Adhesives

      3. 6.4.3 Advanced Adhesive Technologies Inc.

      4. 6.4.4 Arkema Group (Bostik SA)

      5. 6.4.5 Henkel AG & Co. KGaA

      6. 6.4.6 Master Bond Inc.

      7. 6.4.7 Nexus Adhesives

      8. 6.4.8 Permatex

      9. 6.4.9 Savare Specialty Adhesives LLC

      10. 6.4.10 Specialty Adhesives Inc.

      11. 6.4.11 Worthen Industries

    5. *List Not Exhaustive

**Subject to Availability

Specialty Adhesives Industry Segmentation

The specialty adhesives market report includes:

Polyvinyl Acetate
End-user Industry
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Specialty Adhesives Market Research FAQs

The Specialty Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2023-2028).

3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc. and Permatex are the major companies operating in the Specialty Adhesives Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia Pacific accounts for the largest market share in the Specialty Adhesives Market.

Specialty Adhesives Industry Report

Statistics for the 2023 Specialty Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Specialty Adhesives analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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