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Global Engineering Adhesives Market: By Product: Epoxies, Polyurethanes, Methacrylates, Cyanoacrylates, Others; By Application: Transportation, Construction, Electrical and Electronics, Energy, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Engineering Adhesives Market Outlook
The global engineering adhesives market reached a value of about USD 21.66 billion in 2021. The market is further expected to grow at a CAGR of about 7.1% in the forecast period of 2022-2027 to reach a value of around USD 32.84 billion by 2027 owing to the rising demand from end-use industries.
Asia Pacific to be a Significant Regional Market for Engineering Adhesives
Asia Pacific is expected to be a significant regional market during the forecast period. The growth can be attributed to manufacturers transferring their production facilities to developing countries like China, Taiwan, India, the Philippines, and Indonesia. The highly developed automotive and electronics industry, along with the continuous investments in the region, are driving the market growth. Also, the growing renewable energy sector in China, India, Singapore, and Korea due to the advancements in the power generation industry and government reinforcement is increasing the demand for engineering adhesives. Further, China is emerging as one of the biggest markets in terms of the consumption and production of electronics. In recent years, this has increased the electronics industry's need for engineering adhesives in the Asia Pacific region. Moreover, wind energy is one of the fastest-growing industries in China and globally. Wind turbine blade manufacturing necessitates extensive use of adhesive products, and China leads the world in both land and sea wind power capacity.
Market Segmentations
Engineering adhesives are joining materials that are used to bind together diverse materials. When hardened, these materials have a reasonably high modulus, allowing the fabrication of load-bearing joints. They may also combine different elements, including metals, plastic, wood, and rubber, to build lightweight, strong, and stiff constructions. These adhesives enable design freedom, allowing unique design concepts to be adopted and giving designers a more extensive range of materials to work with.
Based on product, the market is divided into:
- Epoxies
- Polyurethanes
- Methacrylates
- Cyanoacrylates
- Others
The significant applications of the market are:
- Transportation
- Aviation
- Electrical and Electronics
- Energy
- MRO
- Others
The regional markets for engineering adhesives can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Rising Demand for Engineering Adhesives from End-Use Industries Propelling the Market Growth
One of the key factors driving the engineering adhesives market growth is the increasing use of engineering adhesives in multiple sectors ranging from automotive and electronics to renewable energy and advanced engineering applications. Developing fermentation and microbial processes have led to the advancement of polyurethane adhesive products, driving the growth of the engineering adhesives industry. Also, the rise in the adoption of engineering adhesives in the transportation industry for the production of various automotive will likely drive the market growth. However, increasing challenges in the application process of engineering adhesives are expected to pose barriers to the market's growth throughout the forecast period. Adhesives are used as potting and masking agents in the consumer electronics industry electrically conductive items. These adhesives also improve the quality and dependability of equipment and machinery, achieve dynamic and static strength, and reduce the possibility of corrosion during assembly, thereby propelling the market growth. Moreover, governments worldwide are making investments in the power generation industry, which, in turn, has led to the escalating demand for engineering adhesives.
Key Players in the Global Market for Engineering Adhesives
The report gives a detailed analysis of the following key players in the global engineering adhesives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sika AG
- H.B. Fuller Company
- The Dow Chemical Company
- 3M Company
- Henkel AG & Co. KGaA
- Permabond LLC
- Shanghai Huitian New Material Co Ltd
- Huntsman Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Engineering Adhesives Market Analysis
8.1 Key Industry Highlights
8.2 Global Engineering Adhesives Historical Market (2017-2021)
8.3 Global Engineering Adhesives Market Forecast (2022-2027)
8.4 Global Engineering Adhesives Market by Product
8.4.1 Epoxies
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Polyurethanes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Methacrylates
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Cyanoacrylates
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Engineering Adhesives Market by Application
8.5.1 Transportation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Aviation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Electrical and Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Energy
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 MRO
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Engineering Adhesives Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Sika AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 H.B. Fuller Company
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 The Dow Chemical Company
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 3M Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Henkel AG & Co. KGaA
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Permabond LLC
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Shanghai Huitian New Material Co Ltd.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Huntsman Corporation
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Engineering Adhesives Market: Key Industry Highlights, 2017 and 2027
2. Global Engineering Adhesives Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Engineering Adhesives Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Engineering Adhesives Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Engineering Adhesives Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Engineering Adhesives Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Engineering Adhesives Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Engineering Adhesives Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Engineering Adhesives Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Engineering Adhesives Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Engineering Adhesives Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Engineering Adhesives Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Engineering Adhesives Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Engineering Adhesives Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Engineering Adhesives Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Engineering Adhesives Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Engineering Adhesives Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Engineering Adhesives Market Structure
Key Questions Answered in the Report
In 2021, the global engineering adhesives market attained a value of nearly USD 21.66 billion.
The market is projected to grow at a CAGR of 7.1% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 32.84 billion by 2027.
The major drivers of the market include the growing renewable energy sector, government reinforcement, development of fermentation and microbial processes, use of adhesives as potting and masking agents in electrically conductive items, and government investments in the power generation industry.
Rising demand for engineering adhesives from end-use industries and a rise in the adoption of engineering adhesives in the transportation industry are the key industry trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is divided into epoxies, polyurethanes, methacrylates, and cyanoacrylates, among others.
The significant market applications are transportation, aviation, electrical and electronics, energy, and MRO, among others.
The major players in the industry are Sika AG, H.B. Fuller Company, Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Permabond LLC, Shanghai Huitian New Material Co Ltd., and Huntsman Corporation, among others.
Analyst Review
The global engineering adhesives market attained a value of nearly USD 21.66 billion, driven by the rising demand for engineering adhesives from end-use industries. Aided by the government investments in the power generation industry and the rise in the adoption of engineering adhesives in the transportation industry, the market is expected to grow at a CAGR of 7.1% in the forecast period of 2022-2027. The market is estimated to reach USD 32.84 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The products can be divided into epoxies, polyurethanes, methacrylates, and cyanoacrylates, among others. The significant market applications are transportation, Aviation, electrical and electronics, energy, and MRO, among others. The major regional markets for engineering adhesives are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Sika AG, H.B. Fuller Company, Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Permabond LLC, Shanghai Huitian New Material Co Ltd., and Huntsman Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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