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Specialty Adhesives Market Size, Share & Trends Analysis Report By Product (Cyanoacrylates, Acrylic, Polyurethane, Polyvinyl Acetate and Others), By End-Use, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 294 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949636
The Global Specialty Adhesives Market size is expected to reach $6.3 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,343.17 Kilo Tonnes, experiencing a growth of 3.8% (2019-2022).

The Asia Pacific region is experiencing a construction boom, with ongoing infrastructure projects, urban development, and residential construction driving demand for these adhesives in applications such as flooring, tiling, insulation, and waterproofing. Therefore, the Asia Pacific region captured $2,078.90 million revenue in the market in 2022. Also, the China market generated 648.96 kilo tonnes in 2022. Additionally, with a growing middle class and increasing consumer spending, the Asia Pacific region has a rising demand for consumer goods such as appliances, furniture, and electronics.



The shift towards lightweight materials drives the market. Industries increasingly adopt advanced materials like carbon fiber composites, aluminum alloys, and thin films to reduce weight, enhance performance, and improve sustainability. These adhesives contribute to sustainability by enabling lightweight materials in eco-friendly products and green building solutions, aligning with regulatory mandates and corporate sustainability goals. Hence, the growing shift towards lightweight materials drives the market's growth.

Electric vehicles incorporate lightweight materials such as aluminum, carbon fiber composites, and high-strength steel to optimize efficiency and range. The number of new ZEVs registered continued to increase, up 43.2% year over year. Similarly, as per the National Investment Promotion & Facilitation Agency, the EV industry is expected to grow at a rate of 49% between 2022 and 2030. Thus, the growing adoption of electric vehicles (EVs) globally propels the market's growth.

However, to achieve optimal bonding performance, many adhesives require specific application techniques and equipment, such as precision dispensing systems, curing ovens, or controlled environments. Developing custom solutions, conducting feasibility studies, and performing compatibility tests contribute to the complexity of application processes. Thus, complex application processes are hindering the growth of the market.

By End-Use Analysis

On the basis of end-use, the market is segmented into aerospace, automotive, construction, marine, and others. The marine segment held a 10.1% revenue share in the market in 2022. In terms of volume, the marine segment would consume 246.62 kilo tonnes by 2030. are used for bonding fiberglass and composite materials in boat construction and repair. These adhesives provide strong and durable bonds between hulls, decks, bulkheads, and other structural components, ensuring the integrity and stability of the vessel.



By Product Analysis

Based on product, the market is divided into polyvinyl acetate, polyurethane, acrylic, cyanoacrylates, and others. The polyurethane segment procured a 24.98% revenue share in the market in 2022. In terms of volume, the polyurethane segment would register 535.59 kilo tonnes by 2030. Polyurethane adhesives exhibit flexibility and toughness, allowing them to withstand dynamic loads, vibrations, and movement without compromising bond integrity. This makes them ideal for applications requiring resistance to impact, shock, and thermal cycling.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment generated a 26.02% revenue share in the market. In terms of volume, the North America segment would register 246.62 kilo tonnes by 2030. North America is home to advanced manufacturing industries such as automotive, aerospace, electronics, and healthcare. These industries rely heavily on these adhesives for bonding, sealing, and assembly applications, driving significant demand for high-performance adhesives in the region.

Recent Strategies Deployed in the Market

  • Sep-2023: Bostik S.A. launched Bio-based HMAs, adhesive materials derived from renewable biological resources, offering environmentally friendly alternatives to traditional petroleum-based adhesives. These adhesives are formulated to address the growing need for eco-friendly materials in the production of technical textiles, automotive interiors, filters, electronics, footwear, and various other applications.
  • Sep-2022: Henkel AG & Company, KGaA took over the Thermal Management Materials business of Nanoramic Laboratories, a technology company pioneering advanced materials and energy storage solutions for various industries. Through this acquisition, Thermexit enhances Henkel's current portfolio by introducing products in rapidly expanding market segments, amplifying the value proposition for their customers.
  • Jun-2021: H.B. Fuller Company came into partnership with Covestro, a leading global supplier of high-tech polymer materials, serving industries ranging from automotive and construction to electronics and healthcare. Through this partnership, both companies would accelerate the development to provide an adhesive with minimized environmental footprint for use in woodworking, composites, textiles, and automotive sectors.
  • May-2021: Bostik S.A. acquired Edge Adhesives Texas, a leading manufacturer of high-performance adhesive solutions for various industrial applications. Through this acquisition, Bostik would expand its footprint in high-performance adhesives in the United States to broaden adhesive capabilities and introduce fresh products to address growing market needs.

List of Key Companies Profiled

  • 3M Company
  • Henkel AG & Company, KGaA
  • Bostik S.A. (Arkema S.A.)
  • H.B. Fuller Company
  • Pidilite Industries Ltd.
  • Sika AG
  • Permatex Inc. (Illinois Tool Works)
  • Nexus Adhesives Pty Ltd
  • Savare I.C. srl
  • Specialty Adhesives and Coatings, Inc.

Market Report Segmentation

By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Cyanoacrylates
  • Acrylic
  • Polyurethane
  • Polyvinyl Acetate
  • Others
By End-Use (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Construction
  • Automotive
  • Aerospace
  • Marine
  • Others
By Geography (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Specialty Adhesives Market, by Product
1.4.2 Global Specialty Adhesives Market, by End-Use
1.4.3 Global Specialty Adhesives Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Specialty Adhesives Market
Chapter 5. Global Specialty Adhesives Market, by Product
5.1 Global Cyanoacrylates Market, by Region
5.2 Global Acrylic Market, by Region
5.3 Global Polyurethane Market, by Region
5.4 Global Polyvinyl Acetate Market, by Region
5.5 Global Others Market, by Region
Chapter 6. Global Specialty Adhesives Market, by End-Use
6.1 Global Construction Market, by Region
6.2 Global Automotive Market, by Region
6.3 Global Aerospace Market, by Region
6.4 Global Marine Market, by Region
6.5 Global Others Market, by Region
Chapter 7. Global Specialty Adhesives Market, by Region
7.1 North America Specialty Adhesives Market
7.1.1 North America Specialty Adhesives Market, by Product
7.1.1.1 North America Cyanoacrylates Market, by Country
7.1.1.2 North America Acrylic Market, by Country
7.1.1.3 North America Polyurethane Market, by Country
7.1.1.4 North America Polyvinyl Acetate Market, by Country
7.1.1.5 North America Others Market, by Country
7.1.2 North America Specialty Adhesives Market, by End-Use
7.1.2.1 North America Construction Market, by Country
7.1.2.2 North America Automotive Market, by Country
7.1.2.3 North America Aerospace Market, by Country
7.1.2.4 North America Marine Market, by Country
7.1.2.5 North America Others Market, by Country
7.1.3 North America Specialty Adhesives Market, by Country
7.1.3.1 US Specialty Adhesives Market
7.1.3.1.1 US Specialty Adhesives Market, by Product
7.1.3.1.2 US Specialty Adhesives Market, by End-Use
7.1.3.2 Canada Specialty Adhesives Market
7.1.3.2.1 Canada Specialty Adhesives Market, by Product
7.1.3.2.2 Canada Specialty Adhesives Market, by End-Use
7.1.3.3 Mexico Specialty Adhesives Market
7.1.3.3.1 Mexico Specialty Adhesives Market, by Product
7.1.3.3.2 Mexico Specialty Adhesives Market, by End-Use
7.1.3.4 Rest of North America Specialty Adhesives Market
7.1.3.4.1 Rest of North America Specialty Adhesives Market, by Product
7.1.3.4.2 Rest of North America Specialty Adhesives Market, by End-Use
7.2 Europe Specialty Adhesives Market
7.2.1 Europe Specialty Adhesives Market, by Product
7.2.1.1 Europe Cyanoacrylates Market, by Country
7.2.1.2 Europe Acrylic Market, by Country
7.2.1.3 Europe Polyurethane Market, by Country
7.2.1.4 Europe Polyvinyl Acetate Market, by Country
7.2.1.5 Europe Others Market, by Country
7.2.2 Europe Specialty Adhesives Market, by End-Use
7.2.2.1 Europe Construction Market, by Country
7.2.2.2 Europe Automotive Market, by Country
7.2.2.3 Europe Aerospace Market, by Country
7.2.2.4 Europe Marine Market, by Country
7.2.2.5 Europe Others Market, by Country
7.2.3 Europe Specialty Adhesives Market, by Country
7.2.3.1 Germany Specialty Adhesives Market
7.2.3.1.1 Germany Specialty Adhesives Market, by Product
7.2.3.1.2 Germany Specialty Adhesives Market, by End-Use
7.2.3.2 UK Specialty Adhesives Market
7.2.3.2.1 UK Specialty Adhesives Market, by Product
7.2.3.2.2 UK Specialty Adhesives Market, by End-Use
7.2.3.3 France Specialty Adhesives Market
7.2.3.3.1 France Specialty Adhesives Market, by Product
7.2.3.3.2 France Specialty Adhesives Market, by End-Use
7.2.3.4 Russia Specialty Adhesives Market
7.2.3.4.1 Russia Specialty Adhesives Market, by Product
7.2.3.4.2 Russia Specialty Adhesives Market, by End-Use
7.2.3.5 Spain Specialty Adhesives Market
7.2.3.5.1 Spain Specialty Adhesives Market, by Product
7.2.3.5.2 Spain Specialty Adhesives Market, by End-Use
7.2.3.6 Italy Specialty Adhesives Market
7.2.3.6.1 Italy Specialty Adhesives Market, by Product
7.2.3.6.2 Italy Specialty Adhesives Market, by End-Use
7.2.3.7 Rest of Europe Specialty Adhesives Market
7.2.3.7.1 Rest of Europe Specialty Adhesives Market, by Product
7.2.3.7.2 Rest of Europe Specialty Adhesives Market, by End-Use
7.3 Asia Pacific Specialty Adhesives Market
7.3.1 Asia Pacific Specialty Adhesives Market, by Product
7.3.1.1 Asia Pacific Cyanoacrylates Market, by Country
7.3.1.2 Asia Pacific Acrylic Market, by Country
7.3.1.3 Asia Pacific Polyurethane Market, by Country
7.3.1.4 Asia Pacific Polyvinyl Acetate Market, by Country
7.3.1.5 Asia Pacific Others Market, by Country
7.3.2 Asia Pacific Specialty Adhesives Market, by End-Use
7.3.2.1 Asia Pacific Construction Market, by Country
7.3.2.2 Asia Pacific Automotive Market, by Country
7.3.2.3 Asia Pacific Aerospace Market, by Country
7.3.2.4 Asia Pacific Marine Market, by Country
7.3.2.5 Asia Pacific Others Market, by Country
7.3.3 Asia Pacific Specialty Adhesives Market, by Country
7.3.3.1 China Specialty Adhesives Market
7.3.3.1.1 China Specialty Adhesives Market, by Product
7.3.3.1.2 China Specialty Adhesives Market, by End-Use
7.3.3.2 Japan Specialty Adhesives Market
7.3.3.2.1 Japan Specialty Adhesives Market, by Product
7.3.3.2.2 Japan Specialty Adhesives Market, by End-Use
7.3.3.3 India Specialty Adhesives Market
7.3.3.3.1 India Specialty Adhesives Market, by Product
7.3.3.3.2 India Specialty Adhesives Market, by End-Use
7.3.3.4 South Korea Specialty Adhesives Market
7.3.3.4.1 South Korea Specialty Adhesives Market, by Product
7.3.3.4.2 South Korea Specialty Adhesives Market, by End-Use
7.3.3.5 Singapore Specialty Adhesives Market
7.3.3.5.1 Singapore Specialty Adhesives Market, by Product
7.3.3.5.2 Singapore Specialty Adhesives Market, by End-Use
7.3.3.6 Malaysia Specialty Adhesives Market
7.3.3.6.1 Malaysia Specialty Adhesives Market, by Product
7.3.3.6.2 Malaysia Specialty Adhesives Market, by End-Use
7.3.3.7 Rest of Asia Pacific Specialty Adhesives Market
7.3.3.7.1 Rest of Asia Pacific Specialty Adhesives Market, by Product
7.3.3.7.2 Rest of Asia Pacific Specialty Adhesives Market, by End-Use
7.4 LAMEA Specialty Adhesives Market
7.4.1 LAMEA Specialty Adhesives Market, by Product
7.4.1.1 LAMEA Cyanoacrylates Market, by Country
7.4.1.2 LAMEA Acrylic Market, by Country
7.4.1.3 LAMEA Polyurethane Market, by Country
7.4.1.4 LAMEA Polyvinyl Acetate Market, by Country
7.4.1.5 LAMEA Others Market, by Country
7.4.2 LAMEA Specialty Adhesives Market, by End-Use
7.4.2.1 LAMEA Construction Market, by Country
7.4.2.2 LAMEA Automotive Market, by Country
7.4.2.3 LAMEA Aerospace Market, by Country
7.4.2.4 LAMEA Marine Market, by Country
7.4.2.5 LAMEA Others Market, by Country
7.4.3 LAMEA Specialty Adhesives Market, by Country
7.4.3.1 Brazil Specialty Adhesives Market
7.4.3.1.1 Brazil Specialty Adhesives Market, by Product
7.4.3.1.2 Brazil Specialty Adhesives Market, by End-Use
7.4.3.2 Argentina Specialty Adhesives Market
7.4.3.2.1 Argentina Specialty Adhesives Market, by Product
7.4.3.2.2 Argentina Specialty Adhesives Market, by End-Use
7.4.3.3 UAE Specialty Adhesives Market
7.4.3.3.1 UAE Specialty Adhesives Market, by Product
7.4.3.3.2 UAE Specialty Adhesives Market, by End-Use
7.4.3.4 Saudi Arabia Specialty Adhesives Market
7.4.3.4.1 Saudi Arabia Specialty Adhesives Market, by Product
7.4.3.4.2 Saudi Arabia Specialty Adhesives Market, by End-Use
7.4.3.5 South Africa Specialty Adhesives Market
7.4.3.5.1 South Africa Specialty Adhesives Market, by Product
7.4.3.5.2 South Africa Specialty Adhesives Market, by End-Use
7.4.3.6 Nigeria Specialty Adhesives Market
7.4.3.6.1 Nigeria Specialty Adhesives Market, by Product
7.4.3.6.2 Nigeria Specialty Adhesives Market, by End-Use
7.4.3.7 Rest of LAMEA Specialty Adhesives Market
7.4.3.7.1 Rest of LAMEA Specialty Adhesives Market, by Product
7.4.3.7.2 Rest of LAMEA Specialty Adhesives Market, by End-Use
Chapter 8. Company Profiles
8.1 3M Company
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.5 SWOT Analysis
8.2 Henkel AG & Company, KGaA
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Bostik S.A. (Arkema S.A.)
8.3.1 Financial Analysis
8.3.2 Segmental and Regional Analysis
8.3.3 Recent strategies and developments:
8.3.3.1 Product Launches and Product Expansions:
8.3.3.2 Acquisition and Mergers:
8.3.4 SWOT Analysis
8.4 H.B. Fuller Company
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Pidilite Industries Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Sika AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Permatex Inc. (Illinois Tool Works Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Nexus Adhesives Pty Ltd
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Savare I.C. srl
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Specialty Adhesives and Coatings, Inc.
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning imperatives of Specialty Adhesives Market

Companies Mentioned

  • 3M Company
  • Henkel AG & Company, KGaA
  • Bostik S.A. (Arkema S.A.)
  • H.B. Fuller Company
  • Pidilite Industries Ltd.
  • Sika AG
  • Permatex Inc. (Illinois Tool Works)
  • Nexus Adhesives Pty Ltd
  • Savare I.C. srl
  • Specialty Adhesives and Coatings, Inc.

Methodology

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