What's Happening?
The global engineering adhesives market is projected to grow at a compound annual growth rate (CAGR) of over 3% from 2025 to 2030, according to Mordor Intelligence. This growth is primarily driven by increased
demand in the automotive, aerospace, and electronics industries. Engineering adhesives are crucial for bonding materials like aluminum, composites, and plastics, offering durability and resistance under challenging conditions. Despite challenges such as raw material price volatility and the impacts of the COVID-19 pandemic, the market continues to expand. The Asia-Pacific region, particularly China, remains the largest consumer and producer, with significant contributions from automotive and electronics manufacturing.
Why It's Important?
The expansion of the engineering adhesives market is significant for several industries, particularly automotive and electronics, which are major consumers of these products. The automotive industry benefits from adhesives that provide high bonding strength and reduce vehicle weight, enhancing efficiency and performance. In the electronics sector, adhesives are essential for the reliability and miniaturization of components. The growth of this market supports advancements in these industries, contributing to economic development and technological innovation. Additionally, the market's expansion in the Asia-Pacific region underscores the global shift towards these emerging markets as key players in manufacturing and technology.
