Engineering Adhesives Market 2021 Size, Status and Global Outlook |3M, Arkema S. A, Ashland Global Specialty Chemicals Inc, Dow Corning Corporation, Dymax Corporation

The Global Engineering Adhesives Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The market for engineering adhesives is expected to grow at a CAGR of more than 3% globally during the forecast period.

Top Companies in the Global Engineering Adhesives Market are 3M, Arkema S. A, Ashland Global Specialty Chemicals Inc, Dow Corning Corporation, Dymax Corporation, H.B. Fuller, Henkel AG & Co. KGaA, Huntsman International LLC, Permabond LLCSika AG and others.

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Key Market Trends

Growing Demand from Automotive and Aerospace Sectors

- Engineering Adhesives are majorly used for engineering applications. The demand for engineering adhesives has been growing from the manufacturing industries such as automotive, electronics, renewable energy sector, and also from other advanced engineering applications.

- Engineering adhesives are being used to bond different materials such as aluminum, polymers, composites, engineering plastics, and so on.

- Engineering adhesives are witnessing high demand from the automotive industry in recent years. Factors such as high-temperature resistance, exceptional bonding strength, and durability, make engineering adhesives suitable for automotive applications.

- The demand from the aerospace industry has been gradually growing. North America, Europe, China are the regions that hold major manufacturing units of aerospace components.

- However, the impact of COVID-19 on production lines in various industries in all regions is estimated to decrease the consumption of engineering adhesives in 2020.

- Increasing applications for the aerospace industry, advancements in the automobile industry are expected to fueling the demand for engineering adhesives through the years to come.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific is expected to dominate the global market owing to the highly developed automotive and electronics sectors, coupled with the continuous investments done in the region to advance the industrial and renewable energy sectors through the years.

- Moreover, China is emerging as one of the biggest markets, both in terms of consumption and production of electronics. This has increased the demand from the electronics industry for engineering adhesives in the Asia-Pacific region in recent years.

- Although there is a decline in the automotive manufacturing industry in the recent past, Asia-Pacific is still the largest consumer of automobiles globally.

- According to the Organisation Internationale des Constructeurs d'Automobiles, Asia-Pacific leads the global automobile production in recent years. China has a large number of automobile manufacturing plants which accounts for a large chunk of the demand for engineering adhesives.

- The growing renewable energy industry in China, India, Singapore, and Korea due to the government's encouragement and advancements in the power generation industry are driving the demand for engineering adhesives.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Engineering Adhesives market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Engineering Adhesives market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Engineering Adhesives market.

Market Segments: This part of the report discusses product type and application segments of the global Engineering Adhesives market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Engineering Adhesives used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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