What is Specialty Adhesives Market?
Adhesives are any substances that are capable of holding materials together in a functional manner by surface attachment that resists their separation. It may be found naturally or can be produced synthetically. Specialty adhesives are designed for specialized uses. They are used for many specialty applications, including electrical potting and encapsulation, theatrical and museum use, and MIL-SPEC adhesives. On 2nd May 2019, DowDuPont Specialty Products Division has introduced its new DOW CORNING MG 7-1020 Soft Skin Adhesive, the latest addition to a growing portfolio of solutions for skin-adhered medical devices.
The market study is being classified by Type (Cyanoacrylates, Polyvinyl Acetate, Polyurethanes, Acrylic and Others), by Application (Automotive, Aerospace, Construction, Marine, Medical, Military and Others) and major geographies with country level break-up.
3M (United States), Dow Corning (United States), BASF SE (Germany), DuPont (United States), Henkel (Germany), H. B. Fuller (United States), Permatex (United States), Bostik (United States), Nexus Adhesives (Australia) and W.F. Taylor, LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ashland Inc. (United States) and Bayer (Germany).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Specialty Adhesives market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Specialty Adhesives market by Type, Application and Region.
On the basis of geography, the market of Specialty Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Rise in the Industrialization
- High Demand from Various Industries Such As Construction, Packaging and Automotive Industry
Market Trend
- Increasing Demand for Bio-Based Adhesives
Restraints
- Fluctuations in the Raw Material Prices Such As Synthetic Rubbers, Resins Etc.
Opportunities
- Growing Packaging Industry Worldwide Creates Future Opportunities for Adhesive Industry
- Rise in the Demand from End-User Industry
Challenges
- Stringent Regulatory Framework
On 3rd April 2019, 3M has launched new extended wear transfer adhesive for the medical wearable. Designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure sensitive transfer adhesive and allows design engineers to use a variety of backings.
Key Target Audience
Specialty Adhesive Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user