Reports and Data’s Global Industrial Adhesives Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry’s driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
Industrial adhesives are widely used to aid the manufacturing of components and materials. The increasing demand for industrial adhesives from end-user industries is the primary driving factor of the industrial adhesives market. Industrial adhesives have proven to be better than conventional methods (mechanical fastening, soldering, welding, and others) because they provide better product performance and resistance to corrosion. Moreover, industrial adhesive bonding allows for equal stress distribution, finished appearance, and better strength. These factors have increased the demand for industrial adhesives in industrial applications and are expected to continue rising in the forecast duration.
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Market Key Trends: The increasing environmental concerns have led to an increased demand for low VOC (Volatile Organic Compound) and eco-friendly sustainable adhesives. Eco-friendly adhesives have lower solvent emissions, have low cost as compared to synthetic adhesives and therefore are easy to recycle. In response to this need, manufacturers are shifting their focus towards plant-based and animal-based materials for the development of eco-friendly adhesives. Water-based adhesives segment will dominate in the coming years, as they are eco-friendly and have high heat & water resistance.
The rise in the demand for lighter automotive parts, the rising requirement of packaged food & beverages are some of the other significant factors pushing the market forward. The demand for faster assembly process in end-user industries has also boosted the growth of the market. On the other hand, the rising price of industrial adhesives, especially in the emerging economies may hinder the growth in the coming years.
Key players in the global Industrial Adhesives Market:
- Toyo Polymer Co. Ltd
- Dow Chemical Company
- Sika AG
- Pidilite Industries
- Mitsubishi Chemicals Corporation
- Huntsman Corporation
- Henkel Adhesive Technologies
- 3M Company
- Ashland Inc.
- BASF
- H.B. Fuller
- Royal Adhesives & Sealants
- Bostik
- Covestro
- Avery Dennison
- Hitachi Chemical Company
- Solvay S.A.
- DuPont
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Market segment based on Product Type:
- Solvent-based Adhesives
- Pressure Sensitive Adhesives
- Water-based Adhesives
- Hot-melt Adhesives
- Structural Adhesives
- Others
Market segment based on Application:
- Automotive
- Electrical & Electronics
- Shipbuilding Industry
- Mechanical Engineering
- Plant Constructions
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Industrial Adhesives market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Industrial Adhesives market.
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Industrial Adhesives market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Industrial Adhesives market over the forecast years?
- Which are the leading players in the global Industrial Adhesives market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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