Specialty Adhesives Market Size (2024 - 2029)

The specialty adhesives market is anticipated to experience growth driven by demand from the medical sector, although stringent regulations may pose challenges. The market size is influenced by infrastructural development in emerging economies, spurred by rising construction activities. Additionally, the stabilizing construction sector in Europe presents future opportunities. The Asia-Pacific region currently holds a dominant position in the global market.

Market Size of Specialty Adhesives Industry

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Specialty adhesives market Overview
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

Specialty adhesives market Key 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 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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
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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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.

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Specialty Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Medical Sector

      2. 1.1.2 Infrastructural Development in the Emerging Economies

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Cyanoacrylates

      2. 2.1.2 Polyvinyl Acetate

      3. 2.1.3 Polyurethanes

      4. 2.1.4 Acrylic

    2. 2.2 End-user Industry

      1. 2.2.1 Aerospace

      2. 2.2.2 Automotive

      3. 2.2.3 Construction

      4. 2.2.4 Marine

      5. 2.2.5 Medical

      6. 2.2.6 Military

      7. 2.2.7 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 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 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

Specialty Adhesives Market Size FAQs

The Specialty Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

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

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