Engineering Adhesives Market: Regulatory Landscape and Impact on Growth (2023-2030)

1
A recent preliminary research report by Fairfield
Market Research has indicated a promising growth
outlook for the global engineering adhesives
market over the next few years. The market is
expected to witness sustained preference over
conventional fasteners, leading to its expansion
across various industries. One of the major
factors fueling the growth of the engineering
adhesives market is the rising demand for these
products, particularly in developing regions. The
transportation and construction industries,
among others, are increasingly adopting bonding
products to enhance the quality and reliability
of machinery and equipment, replacing
conventional fasteners. Engineering adhesives
offer several advantages, including stiff
bonding, high strength, high viscosity, and the
ability to increase dynamic and static strength
while reducing corrosion issues during assembly.
These characteristics make them highly suitable
for applications in the maritime sector,
including shipbuilding, maintenance, and
repair. Read More https//www.fairfieldmarketrese
arch.com/report/engineering-adhesives-market Gover
nment initiatives in the maritime sector are also
expected to drive the engineering adhesives
market, with increased spending on various
projects. For instance, the Ministry of Ports,
Shipping, and Waterways in India has nominated
400 projects with a total investment of Rs. 2.25
lakh crore (US31 Bn) for the Maritime India
Summit 2021. Additionally, the market is
influenced by the development of polyurethane
adhesive products, growth in multiple end-use
sectors, rising urbanization, and increased
government financing and investment. The
engineering adhesives market faced challenges
during the COVID-19 outbreak in 2020 due to
nationwide lockdowns and disruptions in
manufacturing and supply chains. However, as
building and construction, as well as
transportation operations, resume and operate at
full capacity, the market is anticipated to
bounce back and witness growth in the coming
years. The transportation industry, in
particular, is expected to drive the demand for
engineering adhesives, with their use in
preventing rust and corrosion on vehicle body
parts and assembling automotive components. The
growth in vehicle production in various
countries, such as Austria and Vietnam, further
boosts the demand for engineering adhesives in
the transportation sector. Another significant
trend driving the market is the rising demand for
bio-based adhesives as environmental concerns
lead to restrictions on volatile organic compound
(VOC) emissions. Manufacturers are investing in
the production and development of bio-based
adhesives using organic starch, vegetable oils,
water, and soy, catering to the growing demand
for eco-friendly adhesive solutions. However, the
engineering adhesives market faces challenges
related to the difficult application process of
certain coatings, particularly epoxy. The
application process requires a clean and prepared
surface, and damaged surfaces may need repairs,
increasing the overall cost. Nevertheless, the
market continues to expand due to the strong
bonding strength and heat and chemical resistance
properties offered by epoxy, making it the
dominant product category in the engineering
adhesives market. The construction industry
remains a key application area for engineering
adhesives, with extensive usage in various
sectors such as glass, ceramics, furniture,
packaging, and more. The expansion of
construction activities in growing economies
like India, the US, and China is expected to
drive the market's growth.
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Geographically, the Asia Pacific region is
expected to lead the engineering adhesives
market. China, with its expanding transportation
and construction sectors, is anticipated to
maintain its leadership position. Other regions,
such as Taiwan and India, are also expected to
witness market expansion due to increased
government spending on building and
transportation projects. In the European market,
the aerospace and defense industries are
significant users of engineering adhesives for
bonding composites, metals, and plastics,
contributing to stable revenue growth. Several
key players in the engineering adhesives market
are contributing to its growth, including 3M
Company, Arkema, Ashland, Dow Inc, Dymax
Corporation, H.B. Fuller Company, Henkel AG Co.
KGaA, Huntsman Corporation, LORD Corporation
(Parker Hannifin Corp), Permabond LLC, and Sika
AG. In the upcoming years, the use of bio-based
adhesive solutions and rising demand from various
sectors would propel the worldwide engineering
adhesives market into strong growth. Despite
challenges in the application process, the
market's expansion is supported by the dominance
of epoxy products and the steady growth of the
construction and transportation sectors. Visit
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