Feb 25, 2021: The global Engineering Adhesives Market is projected to grow at a higher CAGR during the forecast period. Engineering adhesives offer various advantages while used for joining materials. As compared to traditional methods such as bolting, welding, brazing and mechanical fastening, engineering adhesives are much feasible for use. There are certain advantage and disadvantages. The joined materials are usually known as substrates of adherends.
Engineering adhesives are commercially used to bond parts of automobiles, electronics, office machines, medical equipment and glass ceramics. Epoxy adhesives are used to seal acrylic, steel aluminum, engineering plastics and composites. The term engineering adhesive generally denotes an adhesive, when hardened, releases a relatively high modulus and high tensile for construction of load-bearing joints.
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The drivers for engineering adhesives market include rise in popularity of engineering adhesives for varied purpose and increase in popularity due to its features and aesthetic properties. Rise in transportation, construction and wood industries dominate the market growth during the forecast period. In addition, the market size is also increasing along with entry of new players.
Product segmentation for engineering adhesives market includes epoxies, polyurethane, cyanoacrylates and methacrylates. Epoxies account for a significant market share due to extensive use in automotive manufacturing process. Geographical segmentation for engineering adhesives industry comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a higher CAGR due to rise in emergence of manufacture and construction industries.
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North America dominates the global market scenario since it holds a higher stake in the global market. Significant demand from automotive & packaging industries is driving the market growth in the region. The key players in the engineering adhesives market include 3M Company, Dymax, Toray Fine Chemicals, Permabond Engineering Adhesives, Henkel, Huntsman Corporation and W.I. Polymers Ltd.
Global Engineering Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
Global Engineering Adhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)
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