Report Ocean has recently released a comprehensive research report on the global Specialty Adhesives Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Specialty Adhesives Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2022-2029.
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Specialty Adhesives is an adhesive materials made up of polyvinyl acetates, polyurethanes, and other compositions specially formulated to meet specific needs. The Specialty Adhesives market is expanding because of factors such as growing demand from the medical sector and infrastructural development in emerging economies. This market is dominated by 3M, Arkema Group (Bostik SA(, Henkel AG & Co. KGaA, Master Bond Inc., and Permatex, among others.
Rising demand for specialty adhesives from the medical industry due to the increased use of medical adhesive tapes is compelling the specialty adhesives market. The various medical tapes used are composite tapes, double-sided tapes, heat-activated transfer tapes, and high-tack tapes, contributing to the growth of the specialty adhesives market. Increased use of medical tape can be associated with increased demand for surgical procedures due to increased traffic accidents, cardiovascular disease, trauma, accidents and other ailments. According to the Aesthetic Association, the United States spent more than $9 billion on cosmetic surgery in 2020. Hence, rising demand for adhesive tapes in surgical procedures will drive the specialty adhesives market during the forecast period. Due to their rapid curing and optical clarity, specialty adhesives are used in electrical insulation, artificial turf installation, roofing, flooring, bonding, and sealing in various end-use industries such as automotive, marine, construction, medical and construction. others. Due to the increasing demand for polymer solutions, cyanoacrylate specialty adhesives show solid growth due to their high bond strength. According to the Plastic Europe Association, the European Union’s construction sector’s utilization of plastic products increased by 5.7% from the first quarter of 2021 to the third quarter of 2021 compared to the same period in 2020. According to Invest India, the Indian construction market is expected to grow by 7.1 years each year until 2025. Hence, the growing construction sector will boost the specialty adhesives market during the forecast period. Furthermore, the Growing Demand for Construction Activities is expected to propel market growth in the future. However, the stringent regulations regarding Specialty Adhesives stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Specialty Adhesives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing infrastructural development. Asia Pacific is expected to grow with the highest CAGR during the estimated period, due to an increase in the number of collaborations for infrastructural and economic development, geographic expansion of key players, and active participation of government in the market space. In January 2020, the Council on Foreign Relation announced that China’s Massive Belt and Road Initiative, on green development and urbanization with the infrastructure development of airports, roads and 30,000 km of high-speed rail, which covers more than 80 cities, with 60% of the urbanization rate having permanent residents, regional specialties which are expected to increase the demand for specialty adhesive.
Major market players included in this report are:
- Permatex
- Savare Specialty Adhesives LLC
- Henkel AG & Co. KGaA
- Master Bond Inc.
- Adirondack Specialty Adhesives
- Advanced Adhesive Technologies Inc.
- Arkema Group (Bostik SA)
- Nexus Adhesives
- 3M
- Specialty Adhesives & Coating Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Cyanoacrylates
Polyvinyl Acetate
Polyurethanes
Acrylic
By End-User Industry:
Aerospace
Automotive
Construction
Marine
Medical
Military
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Here are the key questions addressed in the report:
- What is the potential for growth in the Specialty Adhesives market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the Specialty Adhesives industry?
- What are the major challenges that the Specialty Adhesives market may face in the future?
- Who are the leading companies in the Specialty Adhesives market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the Specialty Adhesives market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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