Specialty Adhesives Market

Specialty Adhesives Market

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Riddhesh

Author:

Riddhesh Dani

Harneet

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Harneet Meher

Shruti

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Shruti Bhat

The Global Specialty Adhesives Market size was valued at USD 3.73 Billion in 2022 and is expected to surpass USD 6.25 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for various kinds of flooring, facades, and lamination. Moreover, growing demand from the medical and automotive industries is driving the market growth.

Adhesives can be defined as a mixture in a liquid or semi-liquid state, capable to adhere two surfaces permanently. Specialty adhesives exhibit strong bonds and are resistant to water and temperature. Traditional adhesives are inexpensive than specialty adhesives; however, provide average performance.

Specialty Adhesives Market Outlook

Specialty adhesives are majorly used in assembling the product and is a replacement for mechanical fasteners. The aircraft sector is increasingly adopting specialty adhesives owing to switch to lightweight materials. These adhesives are designed for specific applications. Besides their role in the adhesion process, they can be used for other purposes, such as sealing agents, in order to eliminate the effect of self-loosening caused by dynamic loads, sealing of areas to prevent oxidation and corrosion, and waterproofing.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising infrastructural development in emerging economies is one of the major drivers that is contributing to the growth of the global specialty adhesives market.

  • The swift shift from mechanical fastener to specialty adhesives is expected to augment the specialty adhesives market growth.

  • Harmful emission of volatile organic compounds can restrain the market growth.

  • Stringent regulations can hinder the market growth.

  • The outbreak of COVID-19 has negatively impacted the specialty adhesives market. However, the market is anticipated to recover soon.

  • Rapid urbanization owing to increasing construction activities in low and middle-level countries is expected to create lucrative opportunities during the forecast period.

Scope of Specialty Adhesives Market Report

The report on the global specialty adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Specialty Adhesives- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Products (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, and Acrylic) and End-user Industries (Aerospace, Automotive, Construction, Marine, Medical, Military, and Other End-user Industries)

Regional scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., Permatex, Savar Specialty Adhesives, Specialty Adhesives, Inc., and Specialty Adhesives & Coatings Ltd

 

Specialty adhesives Market Segment Insights

Acrylic segment to grow at a rapid pace

Based on products, the market is divided into cyanoacrylates, polyvinyl acetate, polyurethanes, and acrylic. The acrylic segment is anticipated to account for a key share and is anticipated to grow at a steady rate during the forecast period. Acrylic is most commonly used adhesive across various industries. However, the cyanoacrylates segment is expected to grow at a substantial rate in the projected timeline.

Specialty Adhesives Market Products

Construction segment to account a major market share

Based on end-user industries, the market is divided into aerospace, automotive, construction, marine, medical, military, and others. The construction segment is anticipated to account for a major share due to the rapid urbanization which has led to the development of high-rise living vertical towers. However, the medical segment is expected to expand at substantial rate due to rising demand for medical devices. specialty adhesives are largely used in dentistry devices.

The market in Asia Pacific to exhibit a high CAGR

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is anticipated to exhibit a high CAGR during the forecast period.

The disruptive innovation and international exposure to latest technologies in countries such as India and China are driving the regional market growth. North America is expected to account for a considerable market share owing to increasing use of specialty adhesives in the furniture and footwear industries.

Specialty Adhesives Market Regions

Segments

The global specialty adhesives have been segmented on the basis of

Products

  • Cyanoacrylates
  • Polyvinyl Acetate
  • Polyurethanes
  • Acrylic

End-user Industries

  • Aerospace
  • Automotive
  • Construction
  • Marine
  • Medical
  • Military
  • Other End-user Industries

Key Players

  • 3M
  • Arkema Group (Bostik SA)
  • Henkel AG & Co. KGaA
  • Master Bond Inc.
  • Permatex
  • Savar Specialty Adhesives
  • Specialty Adhesives, Inc.
  • Specialty Adhesives & Coatings Ltd

Competitive Landscape

The major players of the market are 3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., Permatex, Savar Specialty Adhesives, Specialty Adhesives, Inc., and Specialty Adhesives & Coatings Ltd.

Companies are focusing on innovations and acquisitions to expand their market share.

Specialty Adhesives Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Adhesives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Specialty Adhesives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Specialty Adhesives Market - Supply Chain
  4.5. Global Specialty Adhesives Market Forecast
     4.5.1. Specialty Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Specialty Adhesives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Specialty Adhesives Market Absolute $ Opportunity
5. Global Specialty Adhesives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Specialty Adhesives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Specialty Adhesives Demand Share Forecast, 2019-2026
6. North America Specialty Adhesives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Specialty Adhesives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Specialty Adhesives Demand Share Forecast, 2019-2026
7. Latin America Specialty Adhesives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Specialty Adhesives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Specialty Adhesives Demand Share Forecast, 2019-2026
8. Europe Specialty Adhesives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Specialty Adhesives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Specialty Adhesives Demand Share Forecast, 2019-2026
9. Asia Pacific Specialty Adhesives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Specialty Adhesives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Specialty Adhesives Demand Share Forecast, 2019-2026
10. Middle East & Africa Specialty Adhesives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Specialty Adhesives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Specialty Adhesives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Specialty Adhesives Market: Market Share Analysis
  11.2. Specialty Adhesives Distributors and Customers
  11.3. Specialty Adhesives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 3M
     11.4.2. Arkema Group (Bostik SA)
     11.4.3. Henkel AG & Co. KGaA
     11.4.4. Master Bond Inc.
     11.4.5. Permatex
     11.4.6. Savar Specialty Adhesives
     11.4.7. Specialty Adhesives, Inc.
     11.4.8. Specialty Adhesives & Coatings Ltd

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