A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Engineering
Adhesives Market.
The study, titled “Engineering
Adhesives Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Engineering Adhesives Market: Overview
A
material used to hold two surfaces together is called an adhesive. An
adhesive functions by wetting the two surfaces, adhering to them,
developing and maintaining strength after application, and remaining
stable. Engineering adhesives are a type of adhesives that are widely
used to bond and seal parts of automobiles, electric appliances,
electronics, office machines, medical equipment, building materials,
furniture, rolling stocks, optical equipment, and glass ceramics.
These adhesives are mostly made up of acrylics, epoxies, and
urethanes. Based on epoxy, polyurethane, acrylic, and other
technologies, engineering adhesives are used to bond materials such
as steel, aluminum, engineering plastics, and composites as a
substitution for traditional joining techniques. Major types of
engineering adhesives are epoxy (one part, two part, and films),
acrylic, anaerobic, cyanoacrylate, urethane, and silicone.
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Market Research Report @
Engineering
adhesives contribute to approximately 30% of the global market for
adhesives. The segment is expected to expand at a rate significantly
above the average growth rate of the adhesives industry. The market
is characterized by technology formulations that provide high-value
solutions to meet specific customer requirements. These adhesives are
used in diverse industries such as automobiles, aerospace, rail
transport, electronics and communication, electric appliances,
construction, telecom, consumer goods, marine and off-shore
operations, and furniture. Engineering adhesives mostly compete with
traditional joining techniques such as fasteners and welding. These
adhesives provide uniform distribution of weight as compared to
fasteners or welded joints.
Global
Engineering Adhesives Market: Trends and Opportunities
Non-metal
substrates that are light in weight and cost less are increasingly
used in the construction industry. This is expected to act as a major
driver for the engineering adhesives market in the next few years.
Major end-user industries such as aerospace, road transport, marine,
rail, electronics and communication, and sports and leisure are
continuously upgrading their engineering activities to make
components lightweight and cost-effective, providing more
opportunities for engineering adhesives. Currently, steel and wood
substrates are increasingly replaced with lightweight components such
as aluminum, engineering plastics, and composites. This, in turn,
boosts demand for high-performance adhesives, which are replacing
traditional metal joining techniques.
Presently,
engineering adhesives is valued at approximately US$ 13 Bn and is
likely to expand at a CAGR of approximately 4% from 2015 to 2023.
This estimated growth rate is more than the average growth rate of
the global adhesives and sealants market. Growth is primarily driven
by the ever-advancing industries and technologies and increasing need
for well-engineered and sophisticated bonded parts.
Global
Engineering Adhesives Market: Major Players
The
market for engineering adhesives is dominated by major players that
include large corporations such as Henkel AG & Co. KGaA, Huntsman
Advanced Materials, Dow Corning Corporation, Permabond, PPG
Industries, 3M Company, H. B. Fuller, Evonik Industries, Sika AG,
Royal Adhesives & Sealants, RPM International, Inc., Ashland
Inc., Illinois Tool Works Inc., MACtac, MAPEI, LORD Corporation,
Jowat Corporation, and Arkema S. A.
Get
accurate market forecast and analysis on the Engineering Adhesives
market. Request a sample to stay abreast on the key trends impacting
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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