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2023

Specialty Adhesives Market

Specialty Adhesives Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, Acrylic, Other), by End-Use Industry (Aerospace, Automotive, Construction, Marine, Other): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: Naresh Mawlankar| Mayur Mahajan | Eswara Prasad
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Specialty Adhesives Market Research, 2032

The global specialty adhesives market size was valued at $4.7 billion in 2022, and is projected to reach $7.3 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.

Report Key Highlighters:

  • The specialty adhesives market study covers 20 countries. The research includes a segment analysis of each country in terms of both value ($million) and volume (kilotons) for the projected period 2022-2032.
  • The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
  • Over 3,700 product literatures, annual reports, industry statements, and other comparable materials from major industry participants were reviewed to gain a better understanding of the market.
  • The specialty adhesives market is forecast, with several players including 3M Company, Advanced Adhesive Technologies Inc., Bostik, Henkel Corporation, Master Bond Inc., Nexus Adhesives, Permatex Inc., Savare Specialty Adhesives LLC, Specialty Adhesives and Coatings, Inc., and Worthen Industries. Also tracked key strategies such as acquisitions, product launches, mergers, expansion etc. of the players operating in the specialty adhesives market.

Specialty Adhesives Market

A specialty adhesive refers to a type of adhesive or bonding agent that is specially formulated to meet unique or precise requirements for bonding, joining, or adhering substances in unique purposes or industries. These adhesives are developed to address challenges that wellknown or general-purpose adhesives may also now not efficaciously handle. Specialty adhesives provide improved performance, durability, and compatibility with specific materials, environments, or conditions. They provide attributes such as high-temperature resistance, chemical resistance, flexibility, rapid curing, conductivity, optical clarity, biocompatibility, and more, relying on the meant use.

An increase in demand from the building and construction sector drives the growth of specialty adhesives market.

Specialty adhesives play a crucial role in the construction industry by way of offering unique homes to address a number of challenges. They create robust bonds between diverse building materials, assembly the needs of building projects. The fast urbanization induced through a developing population has led to elevated authorities funding in infrastructure, with a giant share of foreign direct funding going towards these projects. Specialty adhesives locate substantial use in areas like pipelines, hospitals, and warehouses, providing surface protection, cloth strengthening, and corrosion resistance. They are also desired for floor due to their slip-resistant, shock-resistant, and less abrasive features compared to different industrial ground options.

A strong emphasis on sustainable and eco-friendly adhesives offers lots of opportunities in the specialty adhesives market. 

The growing concern for the surroundings and accountable manufacturing is riding the demand for eco-friendly adhesives. These sustainable adhesives goal to decrease their have an impact on on the environment for the duration of their complete lifecycle, from sourcing uncooked materials to disposal. Specialty adhesives are being developed the usage of renewable resources, biodegradable materials, and low VOC content to be less dangerous to both the surroundings and human health. Industries like packaging, construction, automotive, electronics, and healthcare are all seeking these options to align with environmental dreams and regulations. Businesses can decrease their carbon footprint and show corporate social responsibility by way of adopting these forte adhesives. Additionally, the shift towards sustainable adhesives is spurring innovation in manufacturing, leading to extended performance and durability.

Specialty adhesives, with a focus on minimizing environmental impact, are made from renewable resources, biodegradable materials, or low VOC content. Various industries, such as packaging, construction, automotive, electronics, and healthcare, are searching for such adhesives to meet eco-conscious goals and regulations. Adopting them reduces the carbon footprint as nicely as enhances company social responsibility. All these elements are anticipated to offer new boom opportunities for the specialty adhesives market at some stage in the forecast period.

Medical device adhesives are tailored adhesives designed for medical settings and applications. They are imperative for assembling clinical gadgets and materials, ranging from simple wound dressings to tricky surgical implants and wearable healthcare gadgets. These adhesives are necessary in functions such as wound care, surgical tapes, bandages, catheters, surgical closures, and orthodontic brackets. Notable features include biocompatibility, sterilization suitability, robust bonding, flexibility, tissue friendliness, rapid curing, and possible for drug delivery. These attributes collectively decorate the reliability of clinical gadget adhesives across a spectrum of functions. All these elements extend the demand for forte adhesives in the healthcare industry.

However, specialty adhesives are designed with unique attributes to fulfill special construction needs, even though their research, development, and manufacturing are problematic and resource-intensive, ensuing in greater expenses in contrast to standard adhesives. Furthermore, numerous distinctiveness adhesives have a constrained shelf life, mainly those containing reactive components, as they can ride chemical changes, leading to diminished performance or curing challenges over time. As a result, producers and suppliers must cautiously manipulate inventory to decrease waste and ensure that customers acquire adhesives with an proper shelf life. All these factors are predicted to impede the boom of the market during the forecast period.

The specialty adhesives market is segmented on the basis of product, end-use industry, and region. By product, the market is segmented into cyanoacrylates, polyvinyl acetate, polyurethanes, acrylic, and others. By end-use industry, the market is divided into aerospace, automotive, construction, marine, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Specialty Adhesives Market by Product

Cyanoacrylates are used in manufacturing and assembly processes for bonding a broad vary of materials, which include plastics, metals, rubber, ceramics, and more. They are regularly used in industries such as electronics, automotive, aerospace, and scientific device manufacturing. Cyanoacrylate adhesives have found use in clinical applications, specifically in wound closure. They are used as surgical adhesives for closing small cuts and incisions, imparting a non-invasive alternative to typical sutures or staples.

Specialty Adhesives Market by End-Use Industry

The construction industry has been more and more adopting specialty adhesives due to their potential to exchange normal mechanical fastening strategies like nails, screws, and rivets. This shift is driven by using the need for more suitable and greater long-lasting bonding solutions, especially in applications where usual methods may motive harm or weakening of materials. Manufacturers have developed specialized adhesive formulations to cater to the unique necessities of the development industry. These formulations offer aspects such as high flexibility, impact resistance, weather resistance, hearth resistance, and chemical resistance, depending on the unique application.

Specialty Adhesives Market by Region

The medical and healthcare industries in the Asia-Pacific region have been increasing significantly. Specialty adhesives growth have become crucial in areas such as assembling scientific devices, growing wound care products, and packaging pharmaceuticals. Moreover, the rapid urbanization and infrastructure improvement in Asia-Pacific are riding the need for unique adhesives in construction. These adhesives are used for duties like structural bonding, insulation, and flooring. The region's robust monetary boom has led to extended consumer spending, industrial activities, and funding across more than a few sectors, similarly fueling the demand for strong point adhesives.

Key players in the specialty adhesives industry include 3M Company, Advanced Adhesive Technologies Inc., Bostik, Henkel Corporation, Master Bond Inc., Nexus Adhesives, Permatex Inc., Savare Specialty Adhesives LLC, Specialty Adhesives and Coatings, Inc., and Worthen Industries.

Apart from these major players, there are other key players in the specialty adhesives market. These include Ashland Global Holdings Inc., Avery Dennison Corporation, Dow Inc., Dymax Corporation, Franklin International, H.B. Fuller Company, Huntsman Corporation, ITW Performance Polymers, Jowat SE, LORD Corporation, Momentive Performance Materials Inc., Permabond LLC, Pidilite Industries Limited, RPM International Inc., and Sika AG.

Historical Trends Of Specialty Adhesives:

  • In the early 1970s, specialty adhesives began to achieve attention as industries identified the need for greater superior bonding solutions tailored to specific applications. Initial efforts had been centered on developing adhesives for specialised industries and functions such as aerospace, electronics, and clinical devices.
  • During 1980s, developments in adhesive technologies led to extended formulations with superior bonding properties, durability, and versatility. These developments accelerated the use of area of expertise adhesives from niche purposes to broader industries, inclusive of automotive, construction, and client goods.
  • In 1990s, the evolution of specialty adhesives used to be pushed due to increased targeted on efficiency, safety, and environmental considerations. Adhesive producers started creating products that had been high-performing and environmentally friendly, leading to upward jostle of low-VOC and solvent-free adhesives.
  • In the early 2000s, strong point adhesives received prominence in addressing world sustainability concerns. As industries sought choices to ordinary fastening methods, advanced adhesives emerged as key aspects for lightweight, joining dissimilar materials, and bettering overall product performance.
  • By the 2010s, strong point adhesives grew to become integral to modern-day manufacturing and design. With developments in nanotechnology, bio-based materials, and clever adhesives, industries determined innovative methods to use adhesives in latest applications, which includes wearable, 3D printing, and advanced electronics.
  • In the 2020s, the trend towards specialization and customization continued to pressure the development of distinctiveness adhesives. Rapid technological developments allowed for adhesive formulations that cater to excessive conditions, such as high temperatures, corrosive environments, and scientific implant applications. Moreover, growing focus on round economy principles pushed for adhesives that allow less difficult disassembly and recycling.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the specialty adhesives market analysis from 2022 to 2032 to identify the prevailing specialty adhesives market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the specialty adhesives market share to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global specialty adhesives market trends, key players, market segments, application areas, and market growth strategies.

Specialty Adhesives Market Report Highlights

Aspects Details
Market Size By 2032
Market Size By 2032

USD 7.3 billion

Growth Rate
Growth Rate

CAGR of 4.7%

Forecast period
Forecast period

2022 - 2032

Report Pages
Report Pages

297

Specialty Adhesives Market By Product
By Product
  • Polyvinyl Acetate
  • Polyurethanes
  • Acrylic
  • Other
  • Cyanoacrylates
Specialty Adhesives Market By End-Use Industry
By End-Use Industry
  • Aerospace
  • Automotive
  • Construction
  • Marine
  • Other
Specialty Adhesives Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players
Key Market Players

Henkel Corporation, 3M Company, Nexus Adhesives, Worthen Industries, Permatex Inc., Specialty Adhesives and Coatings, Inc., Master Bond Inc., Bostik SA., Advanced Adhesive Technologies Inc., Savare Specialty Adhesives LLC

Analyst Review

According to the opinions of various CXOs of leading companies, the specialty adhesive market is expected to witness increased demand during the forecast period. Advancements in medical device adhesives and rise in buildings and construction sectors lead to increase the demand for specialty adhesives during the forecast period.

Specialty adhesives refer to a category of adhesive products that are specifically formulated to address unique and demanding bonding requirements in specific industries or applications. These adhesives are designed to provide exceptional performance characteristics as compared to standard adhesives. Specialty adhesives are tailored to meet the specific needs of industries where traditional bonding methods may not suffice due to extreme conditions, unique substrates, or stringent performance criteria.

The market is being driven due to increase in use of medical device adhesives, which are vital for assembling healthcare tools such as  dressings and implants.. In addition, urbanization drives the demand for specialty adhesive with governments investing in infrastructure projects, thus boosting the building sector. Adhesives protect surfaces, strengthen materials, and resist corrosion, particularly in flooring applications.

Author Name(s) : Naresh Mawlankar| Mayur Mahajan | Eswara Prasad
Frequently Asked Questions?

A strong emphasis on sustainable and eco-friendly adhesives is the upcoming trend of the specialty adhesives market in the world.

High-cost production and limited shelf life is the restraint factor of the specialty adhesives market.

Advancements in medical device adhesives and increase in demand from the building and construction sector are the driving factor of specialty adhesives market.

The top companies to hold the market share in specialty adhesives includes 3M Company, Advanced Adhesive Technologies Inc., Bostik, Henkel Corporation, Master Bond Inc., Nexus Adhesives, Permatex Inc., Savare Specialty Adhesives LLC, Specialty Adhesives and Coatings, Inc., and Worthen Industries.

Asia-Pacific is the largest region for the specialty adhesives market.

The leading end-use industry of specialty adhesives market includes aerospace, automotive, construction, marine, and others.

The global specialty adhesives market size was valued at $4.7 billion in 2022, and is projected to reach $7.3 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.

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Specialty Adhesives Market

Global Opportunity Analysis and Industry Forecast, 2023-2032