Global Engineering Adhesives Market, By Product (Epoxies, Polyurethanes, Cyanocrylates, Methacrylates, Others), Application (Transportation, Construction, Electrical & Electronics, Energy, Others), End- User (Aerospace, Road Transport, Marine, Rail, Electronics and Communication, Sports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Engineering Adhesives Market
The engineering adhesives market is expected to witness market growth at a rate of 5.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on engineering adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of engineering adhesives market.
Adhesives refer to the materials which are utilized for holding the two surfaces together and are usually made of cyanocrylates, epoxies, polyurethanes and methaacrylates, among others. These materials are specially designed adhesives which are used for construction materials, office machines, bonding and sealing automotive parts, rolling stock, and electrical appliances, among others. They are widely deployed in various industries such as marine, energy, rail, transportation, and other.
The increase in demand for engineering adhesive products, especially in developing regions acts as one of the major factors driving the growth of engineering adhesives market. The replacement of conventional fasteners with bonding products owning to the widespread applications in construction, transportation, and other sectors, and high utilization for the improving quality and reliability of equipment & machinery accelerate the market growth. The rise in popularity owing to properties such as rigid bonds, high strength, and high viscosity, and use of the products to achieve more dynamic and static strength and reduce corrosion problems during assembly further influence the market. Additionally, advancement of polyurethane adhesive products, expansion of various end use industries, rapid urbanization, and increase in government funding and investment positively affect the engineering adhesives market. Furthermore, structural bonding in engineering applications extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, less stability of adhesives at high temperature and increase in safety and environment concerns are expected to obstruct the market growth. Complexity associated with bonding large objects is projected to challenge the engineering adhesives market in the forecast period of 2021-2028.
This engineering adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on engineering adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Engineering Adhesives Market Scope and Market Size
The engineering adhesives market is segmented on the basis of product, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the engineering adhesives market is segmented into epoxies, polyurethanes, cyanocrylates, methacrylates and others.
- On the basis of application, the engineering adhesives market is segmented into transportation, construction, electrical & electronics, energy and others.
- On the basis of end-user, the engineering adhesives market is segmented into aerospace, road transport, marine, rail, electronics and communication and sports.
Engineering Adhesives Market Country Level Analysis
The engineering adhesives market is analyzed and market size, volume information is provided by country, product, application and end-user as referenced above.
The countries covered in the global engineering adhesives market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the engineering adhesives market due to the production in transportation including automotive, aerospace, and marine sector within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the massive Chinese industrial sector including construction, automotive, energy, and electronics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engineering Adhesives Market Share Analysis
The engineering adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to engineering adhesives market.
The major players covered in the engineering adhesives market report are Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema, 3M, Hexion, Dow, Anabond, Grupo Lamosa., Permabond LLC, EMS-CHEMIE HOLDING AG, Loxeal S.r.l., Fasto Advance Adhesives Technologies, Dymax Corporation, LORD Corporation., ThreeBond Co., Ltd, Parson Adhesives, Inc., Royal Adhesives & Sealants, Sika AG, UniSeal, Inc., and Huntsman International LLC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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