January 26, 2021

Worldwide Engineering Adhesives Industry to 2025 – Growing Demand from Automotive and Aerospace Sectors

DUBLIN–(BUSINESS WIRE)–Oct 14, 2020–

The “Engineering Adhesives Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The market for engineering adhesives is expected to grow at a CAGR of more than 3% globally during the forecast period.

Growing demand from manufacturing industries and increasing applications for industrial purposes are driving the market growth. The outbreak of COVID-19 and volatility in raw material prices are expected to hinder the market growth.

Companies Mentioned

  • 3M
  • Arkema S. A
  • Ashland Global Specialty Chemicals Inc
  • Dow Corning Corporation
  • Dymax Corporation
  • H.B. Fuller
  • Henkel AG & Co. KGaA
  • Huntsman International LLC
  • Permabond LLC
  • Sika AG

Key Market Trends

Growing Demand from Automotive and Aerospace Sectors

  • Engineering Adhesives are majorly used for engineering applications. The demand for engineering adhesives has been growing from the manufacturing industries such as automotive, electronics, renewable energy sector, and also from other advanced engineering
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Automotive Adhesives Market worth $10.7 billion by 2024, at a CAGR of 5.7%

“Browse 110 market data Tables and 43 Figures spread through 194 Pages and in-depth TOC on “Automotive Adhesives Market””

Automotive Adhesives Market by Resin (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA), Application (Body in White, Paint Shop, Assembly, Powertrain), Vehicle Type (Passenger Car, LCV, Truck, Bus, Aftermarket), and Region

The automotive adhesives market size is projected to grow from USD 8.1 billion in 2019 to USD 10.7 billion by 2024, at a CAGR of 5.7%. Automotive adhesives are capable of producing load-bearing joints that can handle high stress, and provide excellent mechanical performance, enabling weight reduction at the same time. These also offer exceptional strength, durability, and resistance from impact, heat, fatigue, and solvents.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36961165

Polyurethane resins are expected to lead the automotive adhesives market

Polyurethane adhesives have a high demand in the automotive adhesives market due to their excellent properties such as high elongation properties and stronger

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