SAN FRANCISCO, November 16, 2015 /PRNewswire/ --
The global engineering adhesives market is expected to reach USD 22.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for high strength and rigid bonding adhesion products from key end-use industries such as consumer goods, construction and transportation is expected to remain a key driving factor for global engineering adhesives market.
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The most rapid advances are likely to be achieved in reactive and hot melt adhesives, owing to expanding manufacturing and construction sectors particularly in rapidly expanding economies, which is expected to foster demand for polymers and artificially fabricated components. Lack of VOC (volatile organic compounds) in hot melts and water-based formulations is a key factor for shaping industry growth. The global industry is governed by regulations established by various agencies and legislatures such as U.S. EPA, RoHS Directive in UK, U.S. FDA, ECHA and Green Chemistry Act. These regulations have been instrumental in development of bio-based adhesive formulations that are also critical for market development.
Browse full research report with TOC on "Engineering Adhesives Market Analysis By Product (Epoxies, Polyurethanes, Cyanoacrylates & Methacrylates), By Application (Transportation, Construction, Consumer Goods, Electrical & Electronics, Paints & Coatings, Sports & Leisure, Wind Energy) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/engineering-adhesives-market
Epoxies were the leading product segment and accounted for 36.4% of total market volume in 2014. Increasing regulations for curbing overall vehicle weight in order to improve fuel efficiency is expected to drive this segment over the forecast period. Methacrylates are expected to witness the highest growth of 6.2% from 2015 to 2022.
Further key findings from the report suggest:
Grand View Research has segmented the global engineering adhesive market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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