Adhesive resins find widespread applications across industries. They are used in bonding substrates such as metals, plastics, wood, and ceramics. Adhesive resins provide strong adhesion, durability, and resistance to environmental factors. They offer effectiveness in various applications, including automotive assembly, packaging, construction, and electronics. The versatility of adhesive resins enables them to bond different materials, offering flexibility in design and manufacturing. With features like high strength, heat resistance, and chemical resistance, adhesive resins provide reliable bonding solutions for diverse industries, contributing to the efficient assembly and production of a wide range of products.
According to Data Bridge Market Research, the Global Adhesive Resin Market is expected to grow with a CAGR of 5.10% in the forecast period of 2022 to 2029.
“Increasing demand for green and synthetic adhesive resins boosts the market’s growth”
The adhesive resin market is experiencing significant growth due to the increasing demand for green and synthetic adhesive resins. As sustainability becomes a priority, there is a rising need for environmentally friendly adhesive solutions. Green adhesive resins from renewable resources offer a reduced environmental impact. Synthetic adhesive resins provide enhanced performance and versatility in various applications. Automotive, packaging, construction, and electronics industries drive the demand for these adhesive resins. This growing market trend towards sustainable and high-performance adhesives is fueling the overall growth of the adhesive resin market.
What restraints the growth of global adhesive resin market?
“Fluctuating raw material prices restraints the market’s growth”
The growth of the adhesive resin market faces a challenge in the form of fluctuating raw material prices. Adhesive resins require specific raw materials, and when their prices become volatile, it impacts the overall cost of production. Fluctuations in raw material prices can disrupt the supply chain, making it difficult for manufacturers to maintain stable pricing and profitability. This uncertainty may hinder the growth of the adhesive resin market as it adds complexity to cost management and can make it challenging for companies to plan and invest in expanding their operations.
Segmentation: Global Adhesive Resin Market
The global adhesive resin market is segmented on the basis of resin type, formulating technology and application.
- On the basis of resin type, the adhesive resin market has been segmented into polyacrylic ester (PAE), polyvinyl acetate (PVA), vinyl acetate ethylene (VAE), synthetic rubber, polyamide, ethylene vinyl acetate (EVA), polyurethane, polyurethane, epoxy, modified acrylate and methyl methacrylate (MMA), cyanoacrylate, and others.
- On the basis of formulating technology, the adhesive resin market has been segmented into water-based, solvent-based, hot melt, and reactive & others.
- On the basis of application, the adhesive resin market has been segmented into paper and packaging, building and construction, wood-working, transportation, consumer/DIY, leather and footwear, and others.
Regional Insights: Asia-Pacific dominates the global adhesive resin market
Asia-Pacific region dominates the adhesive resin market due to its rising usage in the construction and packaging industries. Additionally, there is a growing demand for adhesive resin products in various other sectors, contributing to the overall market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/jp/reports/global-adhesive-resin-market
The Prominent Key Players Operating in the Global Adhesive Resin Market Include:
- DuPont (U.S.)
- ExxonMobil Chemical Company (U.S.)
- Eastman Chemical Company (U.S.)
- Dow (U.S.)
- Evonik Industries (Germany)
- Lawter Capital B.V. (Netherlands)
- Mitsubishi Chemical Corporation (Japan)
- Ashland Global (U.S.)
- Georgia-Pacific Chemicals LLC (U.S.)
- Yparex B.V. (Netherlands)
- Resinall Corp (U.S.)
- LD Davis (U.S.)
- Resins & Plastics Limited (U.K.)
- National Adhesives & Polymers (U.S.)
- Polygon Adhesives & Resins Pvt. Ltd. (India)
- STAR SPECIALTIES POLYMERS PVT. LTD (India)
- SATYEN POLYMERS PVT. LTD. (India)
- Mechemco (U.S.)
- Alchemie Ltd (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global adhesive resin market companies contact, https://www.databridgemarketresearch.com/jp/contact
Research Methodology: Global Adhesive Resin Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
