Market Size of Specialty Adhesives Industry
| 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 |
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 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 Size Summary
The specialty adhesives market is poised for significant growth, driven primarily by increasing demand from the medical sector and the construction industry. The market is experiencing a surge in demand due to the rapid urbanization and infrastructural development in emerging economies, particularly in the Asia-Pacific region. This region holds a dominant position in the global market, with countries like China, India, and Japan witnessing a rise in industries such as construction, medical, and aerospace. The construction sector's expansion is fueled by population growth, necessitating more residential and commercial buildings, which in turn boosts the demand for specialty adhesives. Additionally, initiatives like China's One Belt, One Road are further propelling infrastructure development, thereby increasing the need for these adhesives.
Despite the promising growth prospects, the specialty adhesives market faces challenges from stringent regulations that could potentially hinder its expansion. However, the stabilizing construction sector in Europe presents future opportunities for market growth. The market is semi-consolidated, with major players including 3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., and Permatex, who are key contributors to the industry's development. The ongoing increase in construction activities across regions such as North America, Europe, and the Middle East & Africa, coupled with the rising global population, is expected to sustain the demand for specialty adhesives throughout the forecast period.
Specialty Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Medical Sector
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1.1.2 Infrastructural Development in the Emerging Economies
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1.2 Restraints
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1.2.1 Stringent Regulations
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Cyanoacrylates
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2.1.2 Polyvinyl Acetate
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2.1.3 Polyurethanes
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2.1.4 Acrylic
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2.2 End-user Industry
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2.2.1 Aerospace
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2.2.2 Automotive
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2.2.3 Construction
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2.2.4 Marine
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2.2.5 Medical
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2.2.6 Military
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Specialty Adhesives Market Size 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.
