Chemicals

E-Commerce is fastest growing segment fueling the growth of Specialty Adhesives Market

kiran gire

The global Specialty Adhesives Market is estimated to be valued at US$ 3.95 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Specialty adhesives are engineered adhesive materials which provide high strength bonding for specific applications. They have unique properties which make them suitable for bonding dissimilar substrates and withstand demanding environmental conditions. Specialty adhesives find wide usage in construction, automotive, electronics, packaging and other industries due to their high bonding strength, resistance to heat, water and chemicals.

Market Overview:

Specialty adhesives are formulated for tailored applications and work exceptionally well even under harsh environmental conditions. They offer durable, long-lasting bonds and are available in various forms like tapes, films and liquids. Their superior bonding abilities enable product assembly, construction of aircrafts, spacecrafts and automobiles.

Market key trends:

One of the key trends in the specialty adhesives market is rising demand from the e-commerce industry. Growth of e-commerce has heightened the need for specialty packaging adhesives that can ensure product safety during transportation and warehouse storage. Developments of specialized adhesive tapes and films that provide durable yet easy-open packaging solutions are fueling revenues. Bio-based specialty adhesives are also gaining traction due to their eco-friendly characteristics and ability to replace solvent-based variants.

Segment Analysis

The global specialty adhesives market is dominated by the industrial adhesive sub-segment which held around 44% share of the overall market in 2023. Industrial adhesives are extensively used in various end-use industries such as automotive, aircraft & aerospace, building & construction, packaging, etc. The growing demand from these end-use industries is augmenting the growth of industrial adhesives.

Key Takeaways

- The global specialty adhesives market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period 2023 to 2030, due to increasing use of adhesives in various end-use industries.

- Asia Pacific held around 36% share of the overall specialty adhesives market in 2023 and is expected to maintain its dominance during the forecast period. Growth of various end-use industries along with expanding manufacturing sector across developing economies such as China, India, Southeast Asia, etc. is driving the demand for specialty adhesives in the region.

- Key players operating in the specialty adhesives market are 3M, Arkema Group (Bostik SA), H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Nexus Adhesives, Permabond LLC, Pidilite Industries Ltd, Sika AG, and Threebond International Inc. Leading players are focusing on new product launches, expansions, acquisitions, and partnerships to gain competitive advantage.

kiran gire

Specialty Adhesives Market Is Estimated To Witness High Growth Owing To Opportunity In Medical Devices Adhesion

kiran gire 2024-01-16

They are used in medical devices to adhere dissimilar substrates and materials. The global specialty adhesives market is estimated to be valued at US$ 3. Porter’s Analysis Threat of new entrants: Specialty adhesives require significant R&D investments to develop specialised formulations. Regional analysis indicates that North America currently dominates specialty adhesives consumption led by the US owing to presence of major end-use industries. Asia Pacific is projected to be the fastest growing market with countries like China and India expanding manufacturing activities.

Specialty Adhesives Market is Anticipated to Witness High Growth Owing to Increasing Demand from Automotive Industry

Sumedha 2024-02-23

The growing demand for specialty adhesives in various industries like automotive, construction, aerospace, medical devices, footwear among others is propelling the market growth. The specialty adhesives market is witnessing high demand from the construction sector owing to increasing non-residential and commercial construction activities globally. Impact of COVID-19 on specialty adhesives marketThe COVID-19 pandemic has impacted the specialty adhesives market significantly. Geographical regions with highest concentration of specialty adhesives marketNorth America accounted for the largest share of the global specialty adhesives market in terms of value in pre-COVID years led by the USA. Fastest growing region for specialty adhesives marketAsia Pacific region is projected to witness the fastest growth in the specialty adhesives market during the forecast period.

Global and Japan Specialty Adhesives Market Insights, Forecast to 2026

larry wilson 2020-09-15

Specialty Adhesives market is segmented by region (country), players, by Type, and by Application.

Players, stakeholders, and other participants in the global Specialty Adhesives market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Specialty Adhesives market is segmented into:CyanoacrylatesPolyvinyl AcetatePolyurethanesAcrylicOtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/58461/global-japan-specialty-adhesives-2026-980Segment by Application, the Specialty Adhesives market is segmented into:AutomotiveAerospaceConstructionMarineMedicalMilitaryOtherRegional and Country-level Analysis:The Specialty Adhesives market is analysed and market size information is provided by regions (countries).The key regions covered in the Specialty Adhesives market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.

It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Specialty Adhesives Market Share Analysis:Specialty Adhesives market competitive landscape provides details and data information by players.

The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.

Specialty Adhesives: Enabling Advanced Technologies

Sneha 2024-03-04

However, while common glues serve basic adhesion needs, there is an entire class of advanced adhesives catering to highly specific applications across industries. Let us explore some key areas where specialty adhesives are enabling next-generation technologies. The use of specialty adhesives improves crash performance, reduces vehicle weight and enables innovative multi-material designs that traditional joining methods cannot achieve. The advent of advanced material technologies across industries is driving the evolution of specialty adhesives. Get more insights on Specialty Adhesives

Bonding two surfaces using Reactive Specialty Adhesives a chemical reaction

Ben Wood 2022-05-09

For bonding two surfaces, Reactive Specialty Adhesives require a chemical reaction. These adhesives are classified as one- and two-component reactive adhesives (e. , heat or light-cured) and have been used in applications such as high-tech devices where substrates require substantial permanency and high strength adherence. The report has been thoroughly examined and compiled by industry experts, and it will shed light on the key information that clients require. cmi/reactive-specialty-adhesives-are-the-highly-viscous-compounds-that-are-used-in-specialty-7b65d0a051a8Click here for Reactive Specialty Adhesives Market Report:https://www.

Industrial Adhesives Market to Reach US$ 39.44 Billion by 2023, Growing at a CAGR of 6.6%: Coherent Market Insights

Leena Shedmake 2023-10-03

The need for industrial adhesives has surged in sectors such as automotive, packaging, construction, and electronics, to facilitate efficient manufacturing processes and deliver high-quality finished products. In conclusion, the industrial adhesives market is expected to witness significant growth over the forecast period. Fuller, Jowat, and Pidilite Industries Limited Segment Analysis: The industrial adhesives market can be segmented based on type, application, and region. In terms of application, the industrial adhesives market can be segmented into automotive, packaging, construction, electronics, and others. In terms of regional analysis, Asia Pacific is projected to be the fastest-growing and dominating region in the industrial adhesives market.

WHO TO FOLLOW