Global Engineering Adhesives Market: Market Driver and Restraint
Applications of Engineering Adhesives are anticipated to create new business segments in the market. Engineering Adhesives is in use for a broad range of Building products such as consumer goods, automotive parts & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Engineering Adhesives application is developed towards a more active mode.
Manufacturers are exploring the potential of Engineering Adhesives in Transportation. Application of Engineering Adhesives in advanced products are gaining traction in the recent years. Recently, manufacturers have started using Engineering Adhesives in the Electronic appliances area. Further, there are also potential uses in the areas of additional functions.
Global Engineering Adhesives Market: Key Takeaways
· On the one hand, Engineering Adhesives manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of Engineering Adhesives such as New Energy Equipment.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the comming 5 years.
Global Engineering Adhesives Market: Forecast by Nature
This segment includes Reactive acrylic adhesive (SGA / UV adhesive), Anaerobic Adhesives, etc. In terms of volume, Reactive acrylic adhesive (SGA / UV adhesive) segment is expected to remain dominant in the global Engineering Adhesives market.
Global Engineering Adhesives Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global Engineering Adhesives market in terms of value. The China Engineering Adhesives market was estimated to be valued at US$ 4,822.5 Mn in 2017 and is expected to expand at a value CAGR of 5.5% over the forecast period. The USA market is expected to expand at a robust rate of 5.1% in terms of revenue over the forecast period due to the steadily increasing production capacity for consumer goods products in this region.
Global Engineering Adhesives Market: Key Players
Hankel, H.B. Fuller, Arkema, 3M, Hexion, DOW CORNING, ROYAL ADHESIVES & SEALANTS, ITW, Sika, UNISEAL, Huntsman, Anabond, Lamosa, Permabond, EFTEC, Loxeal, RTC Chemical, etc. are the key vendors included in this report.
The market concentration of Engineering Adhesives is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than half of sales. Hankel Chemical is by far the leader, followed by H.B. Fuller and Arkema. Key Vendors like 3M ,Hexion , and DOW CORNING, also play important part in regional market, so the market share in each region is quite different.
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