Report Predicts Growth in Global Specialty Adhesives Market
Allied Market Research released a report that the global specialty adhesives market size was valued at $4.7 billion in 2022, and is anticipated to reach $7.3 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032. A specialty adhesive refers to a type of adhesive or bonding agent that is specially formulated to meet unique or precise requirements for bonding, joining, or adhering substances across industries. These adhesives are developed to address challenges that general-purpose adhesives may not effectively handle.
An increase in demand from the building and construction sector is expected to drive the growth of the specialty adhesives market. Growing urbanization worldwide has led to increased government funding in infrastructure projects. Specialty adhesives are also vital for medical applications including wound care, surgical tapes, bandages, catheters, surgical closures, and orthodontic brackets.
Additionally, specialty adhesives, with a focus on minimizing environmental impact, are made from renewable resources, biodegradable materials, and have low VOC content. Various industries, such as packaging, construction, automotive, electronics, and healthcare, are searching for such adhesives to meet eco-conscious goals and regulations. The sustainability elements of specialty adhesives are anticipated to offer new opportunities for the market during the forecast period.
To learn more and download the report, visit www.alliedmarketresearch.com.
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