Global Industrial Adhesives Market, By Material Base (Synthetic, Natural), Composition (Acrylic, Vinyl, Epoxy Resins, Polyolefin Polymers, Rubber, Amine Based Resins, Others), End- Users (Pressure Sensitive Products, Packaging Industry, Construction and Woodworking Industry, Transportation Industry, Others), Product Type (Hot-Melt Adhesives, Water-based Adhesives, Solvent-based Adhesives, Pressure Sensitive Adhesives, Structural Adhesives), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Industrial Adhesives Market
Data Bridge Market Research analyses that the industrial adhesives market will witness a CAGR of 5.40% for the forecast period of 2022-2029 and is likely to reach USD 55.69 billion by 2029.
Industrial adhesives are organic and inorganic chemical compounds that are used to join components. Products include acrylic, epoxy, hot melt, polyurethane, silicone, thermoset, and curing adhesives, as well as industrial sealants. Most industrial adhesives are used in fastening applications.
Growth in the packaging and construction industry is the major factor accelerating the growth of the industrial adhesives market in the forecast period of 2022-2029. Furthermore, growing demand for high performance adhesives, increasing popularity of eco- friendly adhesives and growing demand for industrial adhesives from automobile industry are also expected to drive the growth of the industrial adhesives market in the forecast period of 2022-2029. However, fluctuation in the cost of the raw materials and increasing stringent rules and regulations regarding the use of solvent-based adhesives restrains the industrial adhesives market in the forecast period of 2022-2029, whereas, lack of awareness regarding the availability of these adhesives will challenge market growth in the above mentioned forecast period.
In addition, growing demand for frozen goods will create ample opportunities for the industrial adhesives market in the above mentioned forecast period.
This industrial adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Adhesives Market Scope and Market Size
The industrial adhesives market is segmented on the basis of material base, composition, end- users, and product type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of material base, the industrial adhesives market is segmented into synthetic and natural.
- Based on composition, the industrial adhesives market is segmented into acrylic, vinyl, epoxy resins, polyolefin polymers, rubber, amine based resins and others.
- On the basis of end- users, the industrial adhesives market is segmented into pressure sensitive products, packaging industry, construction and woodworking industry, transportation industry and others.
- Product type segment of the industrial adhesives market is divided into hot-melt adhesives, water-based adhesives, solvent-based adhesives, pressure sensitive adhesives and structural adhesives.
Industrial Adhesives Market Country Level Analysis
The industrial adhesives market is analysed and market size, volume information is provided by country, material base, composition, end- users, and product type as referenced above.
The countries covered in the industrial adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial adhesives market and will continue to flourish its dominance during the forecast period due to rapid industrialization, growing manufacturing industry and availability of affordable labor in the region. However, North America will continue to project the highest growth rate for this period owing to the presence of well-established technologically advanced infrastructure.
The country section of the industrial adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Adhesives Market Share Analysis
The industrial adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial adhesives market.
Some of the major players operating in the industrial adhesives market are H.B. Fuller Company, Pidilite Industries Ltd, Huntsman International LLC, 3M, Sika AG, Dow, BASF SE, Solvay, Mitsubishi Chemical Corporation, Bayer CropScience Limited, Toyopolymer.Co,.Ltd., Bostik Turkey, AVERY DENNISON CORPORATION., Parker Hannifin Corp, SONGWON, Prestige Coating Limited, Tuff-bond Industrial Adhesives Private Limited. and Hi Bond Chemicals among others.
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