The latest research study “Specialty Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global specialty adhesives market size reached US$ 4.15 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.47 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Specialty adhesives produce strong bonds that exhibit excellent solvent, water, and temperature resistance. They offer excellent peel strength, superior durability, improved toughness, etc., and comprise polyurethane, polypropylene, acetal, polyesters, elastomers, epoxy, methyl methacrylate, and silicone resins to meet specific requirements. They are widely used in synthetic turf installations, electric insulation, foaming compounds, etc. In line with this, specialty adhesives exhibit optimal cure and optical clarity properties. As such, they are also extensively used as waterproofing and sealing agents to eliminate the effect of self-loosening caused by dynamic loads.
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Specialty Adhesives Market Trends and Drivers:
The escalating demand for electric vehicles (EVs) to reduce the emissions of greenhouse gases is among the key factors stimulating the specialty adhesives market. Moreover, the rising construction of residential, commercial, and industrial spaces is acting as another significant growth-inducing factor. Besides this, the widespread adoption of specialty adhesives in the manufacturing of personal care items, including diapers and adult incontinence products, is positively influencing the global market. Furthermore, they improve versatility and strength, prevent galvanic corrosion, and maintain the aesthetic appeal of automobiles, which is also propelling the market growth. Apart from this, the growing usage of specialty adhesives in numerous medical devices, such as tapes and robes, on account of the increasing number of surgical procedures, is further bolstering the global market. Additionally, the inflating need for ready-to-eat (RTE) food products, owing to the hectic work schedules and busy lifestyles of the working population, is anticipated to fuel the specialty adhesives market over the forecasted period.
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Specialty Adhesives Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Advanced Adhesive Technologies Inc., Bostik (Arkema S.A.), Henkel Adhesives Technologies India Private Limited (Henkel AG & Co. KGaA), Master Bond Inc., Nexus Adhesives, Permatex Inc. (Illinois Tool Works Inc.), Savare Specialty Adhesives LLC, Selleys (Duluxgroup), Specialty Adhesives and Coatings Inc, and Worthen Industries.
The report has been segmented the market into following categories:
Product Insights
- Cyanoacrylates
- Polyvinyl Acetate
- Polyurethanes
- Acrylic
End Use Industry Insights
- Aerospace
- Automotive
- Construction
- Marine
- Medical
- Military
- Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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