Engineering Adhesive Market Scope
Engineering adhesives are the crucial solution for assembling smartphones, medical & electronic devices, electric vehicles, and luxury packs. Nowadays, engineers are facing critical challenges such as smaller and more complex designs, the need for a more adaptable and faster-curing process as well as more demanding environmental and health and safety regulations. Engineering adhesives products are designed to address these challenges. Moreover, engineering adhesives offer numerous benefits such as the ability to join dissimilar materials to give lightweight, but strong and stiff structures, and the ability to join thin-sheet material efficiently, among others.
According to AMA, the Global Engineering Adhesive market is expected to see growth rate of 7.2%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States and German Vendors will contribute to the maximum growth of Global Engineering Adhesive market throughout the predicted period.
Henkel AG & Company (Germany), Huntsman Corp. (United States), DowDupont (United States), Arkema (France), Permabond (United Kingdom), PPG Industries (United States), 3M (United States), H.B. Fuller Company (United States), Parker Hannifin Corp (United States), Evonik Industries (Germany), Sika AG (Switzerland), Royal Adhesives & Sealants, LLC (United States) and RPM International Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Ashland Inc. (United States), Mapei (Italy), Jowat SE (Germany) and Engineering Adhesives & Lubricants (Aust) Pty Ltd (Australia).
Segmentation Overview
The study have segmented the market of Global Engineering Adhesive market by Type (Epoxies, Acrylics, Polyurethanes, Silicones, Modified Silanes and Others), by Application (Automotive, Construction, Electrical & Electronics, Mining, Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Engineering Adhesive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Increased Popularity of Engineering Adhesives among the Electronic Devices
Market Growth Drivers:
Exponential Growth in the Construction Industry, The Rising Demand from the Electrical & Electronics Industry and The Upsurge in Demand for Electric Vehicles
Challenges:
Complexity Associated with Bonding Large Objects
Restraints:
Economic Slowdown May Hamper the Growth of the Market
Opportunities:
Technological Advancements in Engineering Adhesives
Market Leaders and their Expansionary Development Strategies
On 31 Oct 2018, Arkema expanded in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Bostik to develop a solid position in adhesives used in markets with strong growth potential, including electronics and medical equipment, and in many other durable goods manufacturing applications.
In 2019, Bostik, a leading adhesive company has planned to launch additional product offerings within its Born2Bond portfolio, including HM-PUR and other urethane acrylates, providing a comprehensive service for evolving application needs.
Key Target Audience
Engineering Adhesives Manufacturers, Engineering Adhesives Raw Material Suppliers, Engineering Adhesives Traders/Distributors, Engineering Adhesives Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.