Specialty Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| 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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Specialty Adhesives Market Analysis
The market forspecialtyadhesivesisexpected to grow at a CAGR ofmore than4%during the forecastperiod.Major factors driving the market studied are thegrowing demand from medical sector. Stringent Regulationsis expected to hinder the growth of the market studied.
- Infrastructural development in emerging economiesis expected to grow during the forecast period owing to the increasingconstruction activities.
- Increasing demand for thestabilizing Europeanconstruction sectoris likely to act as an opportunity in the future.
- Asia-Pacificdominated the market across the globe with thelargest.
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
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The demand for specialty adhesivesismajorly 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.
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According to the world bank, in 2020, the expenditure of construction industry is expected to reach about USD11.9trillion, with an increase of about 4.2%.
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The construction activitiesarerapidly increasing in various regions such as Asia-Pacific, North America, and Europe, etc.
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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.
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With the increasing growth rate of construction activities around the globe, the demand of specialty adhesives is expected to increase in the forecast period.
Asia-Pacific Region to Dominate the Market
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Asia-Pacific region dominatedthe global market share in 2018. With growingindustriessuch as construction, medical, aerospace etc.,the need forspecialty adhesivesin countries such as China, India, and Japan, is increasing in the region.
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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.
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Furthermore,China’s One Belt, One Road initiative, focuses on green development and urbanization with infrastructure development of the airport, roads,and 30,000km of high-speed rail covering which will cover more than 80 cities and 60% of urbanization ratio with permanent residents, which increase the demand forspecialty products.
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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.
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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.
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The aforementioned factors is expected to drive the growth of the market in the forecast period.
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
3M
Arkema Group (Bostik SA)
Henkel AG & Co. KGaA
Master Bond Inc.
Permatex
*Disclaimer: Major Players sorted in no particular order
Specialty 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 the Medical Sector
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4.1.2 Infrastructural Development in the Emerging Economies
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4.2 Restraints
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4.2.1 Stringent Regulations
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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 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product
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5.1.1 Cyanoacrylates
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5.1.2 Polyvinyl Acetate
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5.1.3 Polyurethanes
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5.1.4 Acrylic
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5.2 End-user Industry
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5.2.1 Aerospace
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5.2.2 Automotive
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5.2.3 Construction
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5.2.4 Marine
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5.2.5 Medical
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5.2.6 Military
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5.2.7 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 Italy
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5.3.3.4 France
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5.3.3.5 Spain
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5.3.3.6 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 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 Adirondack Specialty Adhesives
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6.4.3 Advanced Adhesive Technologies Inc.
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6.4.4 Arkema Group (Bostik SA)
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6.4.5 Henkel AG & Co. KGaA
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6.4.6 Master Bond Inc.
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6.4.7 Nexus Adhesives
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6.4.8 Permatex
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6.4.9 Savare Specialty Adhesives LLC
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6.4.10 Specialty Adhesives Inc.
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6.4.11 Worthen Industries
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Specialty Adhesives Industry Segmentation
The specialty adhesives market report includes:
| Product | |
| Cyanoacrylates | |
| Polyvinyl Acetate | |
| Polyurethanes | |
| Acrylic |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Construction | |
| Marine | |
| Medical | |
| Military | |
| Other End-user Industries |
| Geography | ||||||||
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Specialty Adhesives Market Research FAQs
What is the current Specialty Adhesives Market size?
The Specialty Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Specialty Adhesives Market?
3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc. and Permatex are the major companies operating in the Specialty Adhesives Market.
Which is the fastest growing region in Specialty 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 Specialty Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Specialty Adhesives Market.
What years does this Specialty Adhesives Market cover?
The report covers the Specialty Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Specialty Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Specialty Adhesive Industry Report
Statistics for the 2024 Specialty Adhesive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Specialty Adhesive analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
