Engineering Adhesives Market Research Report and Forecast up to 2023 Engineering Adhesives Market

Engineering Adhesives Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
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.
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.
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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