The adhesive is any substance applied to the surfaces of materials that binds them together and resists separation. In our report, we discussed the adhesive used in the engineer industry, including Solar, Automotive, Wind Turbines, Metallurgy, Electric Power, Machine Tool and etc.
In general, the engineering adhesives business is highly competitive. However, the major market share is occupied by a few players like Henkel, H.B. Fuller and Arkema. Prices and margins vary, depending on the specific adhesive, market segment, and regional market, with the gross margins for engineering adhesive products commonly range from 20% to 30%. Engineering adhesives are selected and priced based on their performance characteristics. Product performance and level of service are seldom identical among different producers so pricing is typically differentiated by the needs of the customer. Generally the average price of engineering adhesive ranges from 3600-3800 USD/MT.
Regionally, USA, EU-27 and China are the main production base and consumption market of engineering adhesive. At present, the top ten companies? capacity account for about 65.91% of global market share in engineering adhesive. The capacity percentage of Henkel is about 30%. In China, the engineering adhesive industry developed in about 1980s. At present, it contributes over 15% of global total production. For application, automotive and electric/home appliances have kept to be the dominant segment of engineering adhesives downstream industry. The downstream market would remain to be stable in the following years.
The import and export business of adhesive for engineering is frequent compared with adhesive in commodity sector, but still doesn?t take a major share of global production. The main reason may be concluded as the dispersibility of adhesive plant of manufacturers. Also some companies choose to set up plants in China, in consideration of the huge demand in China market.
Engineering adhesive manufacturers have sales support and R&D staff that work closely with customers to modify existing products or develop new products. In many cases, the responsiveness of the R&D and technical customer service of the supplier are decisive factors in choosing adhesives. However, some major adhesives producers, such as H.B. Fuller, have reduced product differentiation and customization and are instead concentrating more on unique, but higher-margin, products with greater market potential.
The global production and capacity of engineering adhesive is stable during the past years, and would be fluctuated in a small range in the following five years, since the engineering adhesive market is rather mature in its major consumption area. Most of the products are sold by distributors instead of manufacturers, and many distributors are managing or delegating many brands from different manufacturers to satisfy the diversified needs of customers from different area.
Engineering adhesive industry is affected by the economy and policy, so it?s important to put an eye to economic indexes and leaders? prefer. With the global economic recovery, more and more people pay attention to the downstream fields, especially in underdevelopment regions that have a large population and fast economic growth and the downstream application increasing, the need of engineering adhesive might increase in the future.
According to this study, over the next five years the Engineering Adhesives market will register a 2.1% CAGR in terms of revenue, the global market size will reach USD 15700 million by 2024, from USD 13900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Engineering Adhesives business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Engineering Adhesives market by product type, application, key manufacturers and key regions and countries.
This study considers the Engineering Adhesives value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
New energy equipment
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
ROYAL ADHESIVES & SEALANTS
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Engineering Adhesives consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Engineering Adhesives market by identifying its various subsegments.
Focuses on the key global Engineering Adhesives manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Engineering Adhesives with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Engineering Adhesives submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.