Global Specialty Adhesives Market Size study & Forecast, by Product (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, and Acrylic), End-user Industry (Aerospace, Automotive, Construction, Marine, Medical, Military, and Other End-user Industries) and Regi

Global Specialty Adhesives Market Size study & Forecast, by Product (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, and Acrylic), End-user Industry (Aerospace, Automotive, Construction, Marine, Medical, Military, and Other End-user Industries) and Regional Analysis, 2022-2029

Global Specialty Adhesives Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2022-2029. Specialty Adhesives is an adhesive materials made up of polyvinyl acetates, polyurethanes, and other compositions specially formulated to meet specific needs. The Specialty Adhesives market is expanding because of factors such as growing demand from the medical sector and infrastructural development in emerging economies. This market is dominated by 3M, Arkema Group (Bostik SA), Henkel AG & Co. KGaA, Master Bond Inc., and Permatex, among others.

Rising demand for specialty adhesives from the medical industry due to the increased use of medical adhesive tapes is compelling the specialty adhesives market. The various medical tapes used are composite tapes, double-sided tapes, heat-activated transfer tapes, and high-tack tapes, contributing to the growth of the specialty adhesives market. Increased use of medical tape can be associated with increased demand for surgical procedures due to increased traffic accidents, cardiovascular disease, trauma, accidents and other ailments. According to the Aesthetic Association, the United States spent more than $9 billion on cosmetic surgery in 2020. Hence, rising demand for adhesive tapes in surgical procedures will drive the specialty adhesives market during the forecast period. Due to their rapid curing and optical clarity, specialty adhesives are used in electrical insulation, artificial turf installation, roofing, flooring, bonding, and sealing in various end-use industries such as automotive, marine, construction, medical and construction. others. Due to the increasing demand for polymer solutions, cyanoacrylate specialty adhesives show solid growth due to their high bond strength. According to the Plastic Europe Association, the European Union's construction sector's utilization of plastic products increased by 5.7% from the first quarter of 2021 to the third quarter of 2021 compared to the same period in 2020. According to Invest India, the Indian construction market is expected to grow by 7.1 years each year until 2025. Hence, the growing construction sector will boost the specialty adhesives market during the forecast period. Furthermore, the Growing Demand for Construction Activities is expected to propel market growth in the future. However, the stringent regulations regarding Specialty Adhesives stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Specialty Adhesives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region's increasing infrastructural development. Asia Pacific is expected to grow with the highest CAGR during the estimated period, due to an increase in the number of collaborations for infrastructural and economic development, geographic expansion of key players, and active participation of government in the market space. In January 2020, the Council on Foreign Relation announced that China’s Massive Belt and Road Initiative, on green development and urbanization with the infrastructure development of airports, roads and 30,000 km of high-speed rail, which covers more than 80 cities, with 60% of the urbanization rate having permanent residents, regional specialties which are expected to increase the demand for specialty adhesive.

Major market player included in this report are:
Permatex
Savare Specialty Adhesives LLC
Henkel AG & Co. KGaA
Master Bond Inc.
Adirondack Specialty Adhesives
Advanced Adhesive Technologies Inc.
Arkema Group (Bostik SA)
Nexus Adhesives
3M
Specialty Adhesives & Coating Inc.

Recent Developments in the Market:
 In March 2022, Biotech company Conagen recently declared the advancement of a highly desirable removable hot melt adhesive made from sustainable, natural, biomolecular-derived high-performance materials. This announcement provides a new option for manufacturers looking for removable structural adhesive solutions to eliminate waste and save manufacturing costs.
 In June 2020, Dymax introduced MD 250-CTH cationic epoxy for medical-grade adhesives. The translucent off-white colour of this material provides some shading when used near illuminated camera components.

Global Specialty Adhesives Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End-User Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:

By Product:
Cyanoacrylates
Polyvinyl Acetate
Polyurethanes
Acrylic

By End-User Industry:
Aerospace
Automotive
Construction
Marine
Medical
Military
Other End-user Industries

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Permatex
Savare Specialty Adhesives LLC
Henkel AG & Co. KGaA
Master Bond Inc.
Adirondack Specialty Adhesives
Advanced Adhesive Technologies Inc.
Arkema Group (Bostik SA)
Nexus Adhesives
3M
Specialty Adhesives & Coating Inc.

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