Specialty Adhesives Market is Estimated to Witness High Growth Owing to Growing Demand in Medical Devices Manufacturing
Specialty adhesives are advanced adhesives that exhibit high strength, flexibility, and resistance to heat, water, and chemicals. They find wide applications in various end-use industries such as building & construction, automotive, healthcare, electronics, packaging, and others. Specialty adhesives offer excellent bonding properties along with resistance to harsh environmental conditions. They help in reducing assembly time and ensure firm bonding between hybrid materials.
The global specialty adhesives market size was valued at US$ 3.73 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.94% from 2023 to 2030.
Key Takeaways
Key players operating in the specialty adhesives market are 3M, Arkema Group (Bostik SA),
H.B. Fuller Company, Henkel AG and Co. KGaA, Master Bond Inc., Nexus Adhesives, Permabond LLC, Pidilite Industries Ltd, Sika AG, and Threebond International Inc.
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