Specialty adhesives are used in numerous industries and applications to join components together. They are also used to seal and protect products from corrosion, leaks, or contaminates, or to prevent deterioration. They are formulated from polyvinyl acetate, polyurethane, and other compounds, to meet specific requirements for application and performance. These adhesives can withstand high temperature, solvents, water, and pressure.
Market Dynamics:
Increasing demand for lightweight materials and components is driving growth of specialty adhesives market. This is because adhesives are able to elongate the life of components and reduce weight and cost. In addition, they can increase efficiency and productivity. They are used for joining, sealing, and protecting products in the automotive, aerospace, building & construction, and medical industries. Rising infrastructure projects and the increasing export of processed foods are among the major factors boosting growth of specialty adhesives market. In addition to these, the growing need for adhesives in medical devices for maintaining sterility and protection of medicines is further augmenting market growth.
On the other hand, declining automobile production is expected to hinder the market growth.
Key features of the study:
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