According to a new report, published by KBV research, The Global Specialty Adhesives Market size is expected to reach $6.3 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,343.17 Kilo Tonnes, experiencing a growth of 3.8% (2019-2022).
Specialty adhesives are formulated with high-performance and specialty materials such as nanomaterials, graphene, and carbon nanotubes to enhance bonding strength, conductivity, and thermal stability. These advanced materials enable the development of adhesives with tailored properties for demanding applications in the aerospace, automotive, and electronics industries. These new developments reflect the dynamic specialty adhesives market and the industry's ongoing pursuit of innovation, sustainability, and superior performance.
The Cyanoacrylates segment is leading the Global Specialty Adhesives Market, by Product in 2022; thereby, achieving a market value of $2.0 billion by 2030. Cyanoacrylate adhesives have an extremely fast curing time, often within seconds, allowing rapid assembly and production processes. This quick bonding capability increases efficiency and throughput in manufacturing operations. Cyanoacrylates offer excellent bond strength on various substrates, including plastics, rubber, metals, and ceramics. This versatility makes them suitable for various applications across industries.
The Construction segment is registering a CAGR of 3.7% during (2023 - 2030). Specialty adhesives offer versatile bonding solutions for various construction materials, including wood, metal, glass, plastic, concrete, and composite. They are used for various applications such as installing flooring, laminating surfaces, bonding architectural elements, assembling prefabricated components, and sealing joints and seams. According to the International Trade Administration (ITA), Nigeria's construction industry grew by 5.7% in 2022 and at an average rate of 3.2% between 2022 and 2026, compared to a 3.1% increase in 2021.
Full Report: https://www.kbvresearch.com/specialty-adhesives-market/
The Asia Pacific region dominated the Global Specialty Adhesives Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,988.9 Million by 2030. The North America region is poised to grow a CAGR of 3.7% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 3.9% during (2023 - 2030).
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, kilo Tonnes, USD Billion, 2019-2030)
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