Engineering Adhesives Market Size (2024 - 2029)

The engineering adhesives market is anticipated to experience growth over the forecast period, driven by rising demand from manufacturing industries and expanding industrial applications. However, challenges such as the impact of the COVID-19 pandemic and fluctuations in raw material prices may impede the market's expansion.

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Market Size of Engineering Adhesives Industry

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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

Engineering Adhesives Market 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 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
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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Engineering Adhesives Market Size Summary

The engineering adhesives market is poised for growth, driven by increasing demand from various manufacturing sectors such as automotive, electronics, and renewable energy. These adhesives are essential for bonding materials like aluminum, polymers, and composites, offering benefits such as high-temperature resistance and exceptional bonding strength. The automotive industry, in particular, has seen a surge in the use of engineering adhesives due to these properties. Additionally, the aerospace sector is gradually increasing its consumption of these adhesives, with significant manufacturing activities concentrated in North America, Europe, and China. However, challenges such as the COVID-19 pandemic and fluctuating raw material prices have posed obstacles to market expansion.

Regionally, Asia-Pacific is anticipated to lead the global engineering adhesives market, supported by its advanced automotive and electronics industries and ongoing investments in industrial and renewable energy sectors. China, in particular, is emerging as a significant player in both the consumption and production of electronics, boosting demand for engineering adhesives. Despite recent declines in automotive manufacturing, Asia-Pacific remains the largest consumer of automobiles worldwide, with China housing numerous manufacturing plants. The renewable energy sector's growth in countries like China, India, Singapore, and Korea, spurred by government initiatives, further propels the demand for engineering adhesives. The market is characterized by fragmentation, with key players including 3M, Henkel AG & Co. KGaA, Permabond LLC, Huntsman International LLC, and H.B. Fuller competing for market share.

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Engineering Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Manufacturing Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Outbreak of COVID-19

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylic

      3. 2.1.3 Cyanoacrylate

      4. 2.1.4 Silicone

      5. 2.1.5 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Aerospace

      3. 2.2.3 Industrial

      4. 2.2.4 Electronics

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Engineering Adhesives Market Size FAQs

The Engineering Adhesives Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

3M, Henkel AG & Co. KGaA , Permabond LLC , Huntsman International LLC and H.B. Fuller are the major companies operating in the Engineering Adhesives Market.

Engineering Adhesives Report Snapshots

Engineering Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)