SPECIALTY ADHESIVES MARKET ANALYSIS

Specialty Adhesives MarketSize and Trends

The global specialty adhesives market size was valued at US$ 3.73 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.94% from 2023 to 2030.

Global Specialty Adhesives Market Trends:

Structural adhesives are gaining attention

Structural adhesives are a great option for manufacturing products that have to withstand heavy loads and vibration. They can eliminate the need for welding, bolts, screws and other fasteners and allow manufacturer to design more efficiently and with more freedom of movement. These systems are also easy to apply and cure, so they are perfect for production assembly. They can be applied directly to the part without the need for any tools and don’t require any drying time or mess.

Significant development in consumer appliances industry

Specialty adhesive are also used in the fabricating consumer electronics due to their ability to bond two surfaces permanently. Currently the market witnessing strong growth due to growing trend of digitalization. Moreover, increased adoption of adhesives in the automotive industry and growing penetration of electric vehicle will further favor the market growth.