According to the report by Expert Market Research (EMR), the global engineering adhesives market size is projected to grow at a CAGR of 7.1% between 2024 and 2032. Aided by the escalating demand for durable and efficient bonding solutions in various industries, and the increasing versatility of engineering adhesives, the market is expected to grow significantly by 2032.
Engineering adhesives, commonly referred to as structural adhesives, are high-performance bonding agents utilised in a variety of sectors, including electronics, construction, aerospace, and the automotive industry. They exceed conventional bonding techniques like welding, bolts, and rivets in terms of strength, thermal stability, chemical resistance, and flexibility. Their main duties in these sectors are to improve product performance, lengthen product life, and cut production costs.
The global engineering adhesives market growth is significantly driven by the increasing demand for durable bonding solutions across industries. With the rise of advanced materials and complex designs, there has been a substantial shift towards the use of engineering adhesives, leading to a surge in demand. Furthermore, the ongoing trend towards lightweight and energy-efficient vehicles in the automotive industry has further increased the popularity of engineering adhesives, as they contribute to weight reduction and enhance structural strength.
The versatility of engineering adhesives also plays a crucial role in accelerating the engineering adhesives market demand. They can bond a wide variety of materials, including metals, plastics, composites, and glass, and find applications in areas ranging from automotive assembly to electronic devices manufacturing. This broad application spectrum significantly broadens the market scope.
In the construction industry, engineering adhesives are used to provide structural integrity and weather resistance, crucial for the longevity of buildings and infrastructure. The electronics industry, on the other hand, utilises these adhesives for their thermal and electrical conductivity properties, essential for the production of various devices and components, aiding the engineering adhesives market.
Further, the growing demand for sustainable and environmentally friendly products in various sectors has led to increased attention on engineering adhesives as a viable solution. This is because these adhesives reduce the need for heavy mechanical fasteners, leading to lower energy consumption during production and lighter end-products. With the rise of sustainability as a global concern, this trend is likely to further stimulate the engineering adhesives market expansion.
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Engineering Adhesives Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
• Epoxies
• Polyurethanes
• Methacrylates
• Cyanoacrylates
• Others
Market Breakup by Application
• Transportation
• Aviation
• Electrical and Electronics
• Energy
• MRO
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global engineering adhesives companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• 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
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