Global Specialty Adhesives Market – Segmented by Type, Application, and Region – Growth, Trends, and Forecasts (2017 - 2022)
The global specialty adhesives market was valued at USD XX million in 2016 and is projected to register an estimated CAGR of XX%, during 2017-2022 (the forecast period). The demand for specialty adhesives is driven by the growth in demand for specialty adhesives from automotive and medical sectors.
Specialty adhesives used as bonds across various industries having their main uses in the automotive sector, hospitals, and construction activities. However, factors such as resistance to temperature may restrain the market growth.
The major driver for the specialty adhesives market is the growing demand for specialty adhesives from the automotive and medical sectors. Moreover, infrastructural development in emerging economies is expected to boost the market growth at a greater pace. Specialty adhesives are used extensively in a variety of applications, which includes aerospace, automotive, construction, marine, medical, military, photonics, and others (including tooling application, etc.). The construction market is expected to witness the maximum usage of specialty adhesives, during 2017-2022 (the forecast period). The application of specialty adhesives in automotive and medical is currently dominant in the market and is expected to rise during 2017-2022 (the forecast period). The global specialty adhesives market is segmented on the basis of type into cyanoacrylates, hot melt adhesive, pressure sensitive adhesive, polyvinyl acetate, polyurethanes, and acrylic. Cyanoacrylates-based specialty adhesives market currently dominates the market in terms of consumption.
AREAS WITH SCOPE FOR SPECIALTY ADHESIVES
North America accounted for the largest market size (in USD million), in terms of consumption. The market is expected to register an estimated CAGR of XX.00% during 2017-2022 (the forecast period), the highest among regions such as North America, Asia-Pacific, Europe, South America, and Middle East & Africa. The rapid increase in construction activities in Asia-Pacific is expected to serve as a major opportunity to the market.
Why Purchase Our Global Specialty adhesives Market Report?
• Know about: the latest regulations and policies regarding specialty adhesives
• Analyzing various market perspectives with the help of Porter’s five forces analysis
• Which application of armor material will dominate the market
• Which of the regions will witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players, such as:
o Master Bond
o Savaré Specialty Adhesives
o Specialty Adhesives, Inc.
o Specialty Adhesives & Coatings Ltd.