Global Engineering Adhesive Market Size to worth USD 27.10 Billion by 2033: Market Statistics Report

Global Engineering Adhesive Market Size to worth USD 27.10 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Engineering Adhesive Market Size is Expected to Grow from USD 19.01 Billion in 2023 to USD 27.10 Billion by 2033, at a CAGR of 3.61% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Engineering Adhesive Market Size, Share, and COVID-19 Impact Analysis, By Product (Epoxies, Polyurethanes, Cyanoacrylates, Methacrylates, and Others), By Application (Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Construction, Medical & Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

Engineering adhesives are joining agents used to bind materials together, offering high modulus for load-bearing joints. Adhesives, used in various industries like optics, fiber optics, optoelectronics, and dentistry, offer design flexibility, optical transparency, quick setting, corrosion resistance, heat resistance, and chemical resistance, making them popular for building light, sturdy, and rigid structures using materials like metals, plastic, wood, and rubber. Engineering adhesives are strong substances used to bond materials like metals, plastics, rubber, fiber composites, wood, and paper. They are liquid formulations that spread easily over surfaces and make molecular contact with substrates. The growth of the engineering adhesives market is driven by the increasing demand in developing regions, replacing conventional fasteners with bonding products for construction, transportation, and machinery improvement. Popularity is due to their rigid bonds, high strength, and corrosion resistance. However, engineering adhesives release harmful chemical gases, causing stricter use rules and increasing consumer awareness of health and environmental issues, posing significant challenges for producers.

The epoxies segment is predicted to hold the largest market share through the forecast period.

Based on the product, the engineering adhesive market is classified into epoxies, polyurethanes, cyanoacrylates, methacrylates, and others. Among these, the epoxies segment is predicted to hold the largest market share through the forecast period. These products are the greatest choice when structural connectivity is required and provide a high degree of freedom. These parts are widely used in potting terminals, hinges, and brackets, among other uses.

The aerospace & defense segment is anticipated to hold the largest market share during the projected timeframe.    

Based on the application, the engineering adhesive market is divided into aerospace & defense, automotive & transportation, electrical & electronics, construction, medical & healthcare, and others. Among these, the aerospace & defense segment is anticipated to hold the largest market share during the projected timeframe. The growth of this market is being driven by the increasing need for lightweight, high-strength adhesives in defense and aerospace applications.

Asia-Pacific is estimated to hold the largest share of the engineering adhesive market over the forecast period.

Asia-Pacific is estimated to hold the largest share of the engineering adhesive market over the forecast period. This is due to its well-established automotive and electronics sectors. Over the years, significant investments have consistently been made in the region to propel advancements in both the industrial and renewable energy sectors. China, in particular, has emerged as a major player in terms of both electronics’ consumption and production.

North America is predicted to have the fastest CAGR growth in the engineering adhesive market over the forecast period. The demand for high-performance adhesives is driven by major manufacturing industries like automotive, aerospace, and electronics, along with continuous advancements in adhesive technologies and increased construction and infrastructure activities in North America, which contribute to market growth.

Competitive Analysis

Major key players in the engineering adhesive market include 3M Company, Arkema, Ashland, Dow Inc, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, LORD Corporation (Parker Hannifin Corp), Permabond LLC, Sika AG, and Others.   

Recent Development

• In October 2024, Born2BondTM Ultra K85, an instant engineering adhesive composed of 60% bio-based raw ingredients, was also introduced by Bostik. High performance and sustainability are provided by this glue.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the engineering adhesive market based on the below-mentioned segments:

Global Engineering Adhesive Market, By Product

• Epoxies
• Polyurethanes
• Cyanoacrylates
• Methacrylates
• Others

Global Engineering Adhesive Market, By Application

• Aerospace & Defense
• Automotive & Transportation
• Electrical & Electronics
• Construction
• Medical & Healthcare
• Others

Global Engineering Adhesive Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa