Global Engineering Adhesives Market By Product (Epoxies, Polyurethanes, Cyanocrylates, Methacrylates, Others), Application (Transportation, Construction, Electrical & Electronics, Energy, Others), End- User (Aerospace, Road Transport, Marine, Rail, Electronics and Communication, Sports), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: Global Engineering Adhesives Market
Adhesives are the materials which are used to hold the two surfaces together. Engineering adhesives are specially designed adhesives which are used to bonding and sealing automotive parts, construction materials, rolling stock, office machines, electrical appliances and other. They are usually made of polyurethanes, cyanocrylates, methaacrylates, epoxies among others. They are widely used in different industries such as transportation, marine, rail, energy, and other. These adhesives have high strength, high viscosity and rigid bonds.

Market Drivers:
• Growth of electronic industry will drive the market growth
• Rising demand from automotive sector also accelerates the market growth
• Advancement in polyurethane adhesive products acts as a market driver in the forecast period
• Increasing government funding and investment is another factor uplifting the market growth

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Market Analysis: Global Engineering Adhesives Market
Global engineering adhesives market is set to witness substantial CAGR of 5.65% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand from end- users and growth of industrial output are the factor for the market growth.

Market Restraints:
• Less stability of adhesives at high temperature will restrain the market growth
• Complexity associated with bonding large objects will hamper the growth of this market
• Increasing safety and environment concern will also impede the market growth

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Segmentation: Global Engineering Adhesives Market
By Product
o Epoxies
o Polyurethanes
o Cyanocrylates
o Methacrylates
o Others
By Application
o Transportation
o Construction
o Electrical & Electronics
o Energy
o Others
By End- User
o Aerospace
o Road Transport
o Marine
o Rail
o Electronics and Communication
o Sports


Competitive Analysis:
Global engineering adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of engineering adhesives market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:
In October 2018, Arkema announced the acquisition of Afinitica so they can expand their engineering adhesives. This acquisition will help the company to strengthen their position in the adhesive market and will help them to expand their application in electronics and medical equipment and good manufacturing applications. With this acquisition, they will be able to offer high quality products to their customer
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