According to the new market research report “Engineering Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Engineering Adhesives market size is projected to reach USD 40.4 billion by 2030, at a CAGR of 6.6% during the forecast period.
- Global Engineering Adhesives MarketSize(US$ Million), 2019-2030
Source: QYResearch, “Engineering Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Engineering Adhesives Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Engineering Adhesives- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Engineering Adhesives include Henkel, ITW, 3M, Arkema, Sika, H.B. Fuller, Hexion, DuPont, Huntsman, Huitian, etc. In 2023, the global top 10 players had a share approximately 65.0% in terms of revenue.
One significant driver in the global engineering adhesives market is the increasing demand from industries such as automotive, aerospace, electronics, and construction. These industries rely on engineering adhesives for a wide range of applications, including bonding, sealing, and structural reinforcement. As these industries continue to grow and innovate, the demand for high-performance adhesives that offer superior bonding strength, durability, and resistance to extreme conditions also increases.
Moreover, the trend towards lightweighting in industries like automotive and aerospace is driving the adoption of engineering adhesives as they offer a lightweight alternative to traditional mechanical fastening methods like welding or riveting. This not only helps in reducing the overall weight of vehicles and aircraft but also improves fuel efficiency and lowers emissions.
On the other hand, a significant challenge facing the global engineering adhesives market is the need for adhesives that can bond dissimilar materials, such as metals, plastics, composites, and ceramics. Achieving strong and durable bonds between these materials can be challenging due to differences in surface energy, thermal expansion coefficients, and other physical properties. Manufacturers need to invest in research and development to formulate adhesives that can effectively bond dissimilar materials while meeting performance requirements.
Another challenge is the increasing scrutiny on environmental sustainability and regulatory compliance. As environmental regulations become stricter, manufacturers are under pressure to develop adhesives that are free from harmful chemicals, volatile organic compounds (VOCs), and other hazardous substances. This requires investment in green chemistry and sustainable manufacturing practices to ensure that adhesives meet regulatory standards while maintaining performance and reliability.
Overall, addressing these challenges while capitalizing on market drivers such as increasing demand from key industries and the trend towards lightweighting will be crucial for the sustained growth of the global engineering adhesives market.
About The Authors
| Yang Min – Lead Author |
| Email: yangmin@qyresearch.com |
| Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects. |
About QYResearch
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