Industrial Adhesives Market is projected to reach a value of over USD 73.9 billion by 2027 at a CAGR of around 4.9%.
Industrial Adhesives Market: Summary
The Global Industrial Adhesives Market is projected to reach a value of over USD 73.9 billion by 2027 at a CAGR of around 4.9%.
Industrial Adhesives are to bind the surfaces by means of adhesive bonding processes. Adhesives can be used in various applications from packaging to building and construction. These are user-friendly and allow permanent assembly of similar and dissimilar substrates. For instance, hot-melt or spray adhesives can be used to bond fabric to wood, plastic, or metal, thus avoiding the need for stitching.
Industrial Adhesives Market: Drivers & Challenges
- Growth in the Packaging, Construction, and Woodworking & Transportation Market
Increasing packaging demand from various end-use industries such as pharmaceuticals, food & beverages, and cosmetics is expected to boost market growth over the forecasted period. Growth of e-commerce commodities demand, in which packaging is a necessary factor, is anticipated to drive the industrial adhesives demand over the coming years. In automotive application, Industrial adhesives are used in structural metal bonding, structural fiber-reinforced plastic bonding, interior exterior trim, and glass bonding in automotive applications. They are also used to join interior parts and reduce the need for rivets and welding. Industrial adhesives help in reducing the weight of vehicles, which, in turn, improves fuel economy. Thus, the growing automotive industry is projected to drive the product market demand over the forecasted period.
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- Stringent Environmental Regulations
The environmental issues are the key concern point for the entire world and has gained importance since last few years. For industrial adhesives market, regulation over the VOC emissions imposed by the governments of emerging and emerged markets is expected to act as a roadblock. The key manufacturers need to meet the safety standards while manufacturing the adhesives and sealants for varied application areas, in order to minimize the VOC emissions. For instance, the Environmental Protection Agency (EPA) has imposed restriction on the manufacturing and sale of the certain adhesives with the prime focus to reduce the VOC content. Hence, the stringent regulation to limit VOC emissions is projected to hamper the market growth in the assessment period.
Industrial Adhesives Market: Key Segments
- Segmentation based on material base: Synthetic and Natural
- Segmentation based on compositions: Acrylic, Vinyl, Epoxy Resins, Polyolefin Polymers, Rubber, Amine-Based Resins, and Others
- Segmentation based on application: Automotive, Packaging, Medical, Electronics and Electrical, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
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Industrial Adhesives Market: Report Scope
The report on the industrial adhesives market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million) and Volume (Kiloton)Segments IncludedMaterial Base, Composition, Application, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Solvay. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Henkel AG & Co. KGaA
- Avery Dennison Corporation.
- Hitachi Chemical Co. Ltd
- Lord Corporation
- Mitsubishi Chemical Corporation
- BASF SE
- Pidilite Industries Ltd
- H.B. Fuller Company
- Other Key Companies
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Industrial Adhesives Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Industrial Adhesives Market, by Material Base
Industrial Adhesives Market, by Composition
- Epoxy Resins
- Polyolefin Polymers
- Amine-Based Resins
Industrial Adhesives Market, by Application
- Electronics and Electrical
Industrial Adhesives Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL INDUSTRIAL ADHESIVES MARKET BY MATERIAL BASE, Market Size in USD Million and Volume in Kiloton (2019–2027)
7 GLOBAL INDUSTRIAL ADHESIVES MARKET BY COMPOSITION, Market Size in USD Million and Volume in Kiloton (2019–2027)
8 GLOBAL INDUSTRIAL ADHESIVES MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
9 GLOBAL INDUSTRIAL ADHESIVES MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
10 Competitive Landscape
11 Company Profiles
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