Global Engineering Adhesives Market Projected to Reach US$38.54 Billion by 2029, Driven by Growth in Automotive Industry
The global engineering adhesives market is expected to reach US$38.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period, according to a new report by Maximize Market Research.
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Market Overview
The increasing demand for lightweight vehicles and the growing focus on fuel efficiency are driving the adoption of engineering adhesives in the automotive industry, which is expected to remain the largest consumer segment throughout the forecast period. The report provides a comprehensive analysis of the market, including growth factors, future trends, regional analysis, and competitive landscape.
Questions Answered in the Report
- What is the market potential for engineering adhesives?
- Which region will be a key player in the coming years?
- What segment is poised for rapid growth?
- What are the future growth opportunities in the engineering adhesives market?
- What challenges will the engineering adhesives market face in the future?
- Who are the leading players in the engineering adhesives market?
- What are the key trends impacting the market?
Segmentation
The global engineering adhesives market is segmented by product, application, and end-user. By end-user, the market is segmented into aerospace, automotive, marine, rail, electronics & communication, and sports. The automotive industry is expected to hold the largest market share due to the increasing production of vehicles and the focus on weight reduction.
Product Segments:
- Epoxies
- Polyurethanes
- Cyanacrylates
- Methacrylates
- Others
Application Segments:
- Transportation
- Construction
- Electrical & Electronics
- Energy
- Others
Market Players
The report identifies leading players in the global engineering adhesives market, including:
- Henkel AG & Co. KGaA
- H.B. Fuller Company
- Arkema
- 3M
- Hexion
- Dow
- Royal Adhesives & Sealants
- Sika AG
- And Others
Regional Analysis
The report examines the market share and growth rate of each region, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The research also includes a PEST analysis for each region, considering political, economic, social, and technological factors influencing the market.
Impact of COVID-19 on the Market
The report explores the impact of COVID-19 on the global engineering adhesives market, analyzing the disruption to production and demand, supply chain challenges, and the overall economic impact. It also examines the potential future opportunities arising from the post-pandemic recovery.
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