The global specialty adhesives market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for various kinds of flooring, facades, and lamination. Moreover, growing demand from the medical and automotive industries is driving the market growth.
Specialty Adhesives Market: Production, Revenue, Gross Margin Analysis with
Forecast to 2027
The global specialty adhesives market size is anticipated to expand at a robust CAGR
during the forecast period, 2021-2028. The growth of the market is attributed to
increasing demand for various kinds of flooring, facades, and lamination. Moreover,
growing demand from the medical and automotive industries is driving the market
growth.
Adhesives can be defined as a mixture in a liquid or semi-liquid state, capable to
adhere two surfaces permanently. Specialty adhesives exhibit strong bonds and are
resistant to water and temperature. Traditional adhesives are inexpensive than
specialty adhesives; however, provide average performance.
Specialty adhesives are majorly used in assembling the product and is a replacement
for mechanical fasteners. The aircraft sector is increasingly adopting specialty
adhesives owing to switch to lightweight materials. These adhesives are designed for
specific applications. Besides their role in the adhesion process, they can be used for
other purposes, such as sealing agents, in order to eliminate the effect of self-
loosening caused by dynamic loads, sealing of areas to prevent oxidation and
corrosion, and waterproofing.
Specialty adhesives Market Segment Insights:
Based on products, the market is divided into cyanoacrylates, polyvinyl acetate,
polyurethanes, and acrylic. The acrylic segment is anticipated to account for a key
share and is anticipated to grow at a steady rate during the forecast period. Acrylic is
most commonly used adhesive across various industries. However, the cyanoacrylates
segment is expected to grow at a substantial rate in the projected timeline.
Based on end-user industries, the market is divided into aerospace, automotive,
construction, marine, medical, military, and others. The construction segment is
anticipated to account for a major share due to the rapid urbanization which has led
to the development of high-rise living vertical towers