The industrial adhesives market is used for different end-use industries like building and construction, automotive, packaging and others. Adhesives help in bonding various materials together and improve the functionality and aesthetics of the final products. They provide strength, flexibility and durability to materials joined together. There is an increasing demand for adhesives from the manufacturing sector owing to their bonding properties. The Global industrial adhesives Market is estimated to be valued at US$ 48.44 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the industrial adhesives are Johnson & Johnson (DePuy Synthes), Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, NuVasive, Inc., Globus Medical, Inc., Wright Medical Group N.V., Arthrex, Inc., DJO Global, Inc., Össur hf., CONMED Corporation, Breg, Inc., Orthofix Medical Inc., Bioventus LLC. These companies are focusing on new product launches and expansion strategies to strengthen their market position.
The key opportunities in the industrial adhesives market include rising application of sustainable adhesives and growth of the epoxy resin adhesives segment. Sustainable adhesives help reduce VOC emissions and are environment-friendly. Epoxy resin adhesives find wide usage in automotive and aircraft bodies due to high temperature and chemical resistance.
The industrial adhesives market is expanding globally due to increasing foreign direct investments in emerging economies of Asia Pacific and Latin America. Countries like China, India, Brazil and Mexico are anticipated to witness high demand for industrial adhesives from manufacturing, automotive and infrastructure development activities.
Market drivers
Increasing use of adhesives in manufacturing industries like automotive, aviation, consumer goods is driving the demand. Adhesives offer advantages like lightweight bonding and high-strength joints.
Market restraints
Volatility in raw material prices affect the cost of adhesive production. Traditional fastening technologies continue to capture a significant market share posing challenge for adhesives. Environmental regulations regarding VOC emissions act as a restraint.
Segment Analysis
The industrial adhesives market size is segmented into water-based adhesives, solvent-based adhesives, hot melt adhesives, and reactive adhesives. Water-based adhesives dominates the market as these adhesives have low VOCs content, wide bonding strength range, repositionability and are economical to use. Water-based adhesives are used in various industries like packaging, construction, woodworking, automotive and transportation.
Global Analysis
Regionally, Asia Pacific holds the largest share in the industrial adhesives market and is expected to maintain its dominance during the forecast period. The growth in the region is attributed to significant development in construction, automotive, electronics and footwear industries in emerging countries such as China and India. North America stands as the second largest market for industrial adhesives due to increased spending on infrastructure rehabilitation activities, expanding automotive industry and stringent environmental regulations relating to low VOC emissions. Europe is expected to witness moderate growth due to stringent regulations restricting use of solvent-based adhesives.
Get more insights on: Industrial Adhesives Market
April 29, 2019: The Global Industrial Adhesives Market is expected to develop at a substantial CAGR in the forthcoming years.
Thus, surging demand for the industrial adhesives in India and China for automobile industry is expected to drive the market in the years to come.
The international Industrial Adhesives Market is divided by Type of Composition,Type of Material Base, Type of Product, Type of End User Industry, and the Area.The division of the international Industrial Adhesives Market on the source of Type of Composition extends Amine-based resins, Polyolefin Polymers, Epoxy Resins, Starch and Dextrin, Acrylic, Rubber, Vinyl, and Others.
The division of the international Industrial Adhesives Market on the source of Type of Material Base extends Natural and Synthetic.View Full Report with TOC @ https://www.radiantinsights.com/research/global-industrial-adhesives-market-research-report-2016 The division of the international Industrial Adhesives Market on the source of Type of Product extends Pressure Sensitive Adhesives, Hot-Melt Adhesives, Solvent-based Adhesives, Water-based Adhesives, and Others.
The division of the international Industrial Adhesives Market on the source of Type of End User extends Transportation Industry, Construction & Woodworking Industry, Pressure Sensitive Products, Packaging Industry, and Others.The division of the international Industrial Adhesives Market on the source of Area extends North America [U.S., Canada, and Mexico], Latin America [Brazil, Mexico, Argentina and others], Western Europe [France, Spain, Germany, England, Italy, Nordic nations, Luxembourg, Belgium, and The Netherlands], Eastern Europe [Russia and Poland], Asia Pacific [India, China, ASEAN, Australia, and New Zealand], Japan, Africa and Middle East [North and Southern Africa and the GCC Nations].By means of geography,the area of Asia-Pacific is the major market for industrial adhesives.
The market for industrial adhesives in India is anticipated to grow at the utmost CAGR in the years to come due to the existence of important companies; for example Mumbai-based Pidilite Industries Limited and the growing demand for industrial adhesives from end-user businesses, for example Packing, Building & Carpentry.
The analysts forecast the global industrial adhesives market to exhibit a CAGR of 5.06% during the period 2019-2024.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, types, and applications.
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
)Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.
On the basis of type, the global industrial adhesives market is segmented into: Acrylic AdhesivePolyvinyl Acetate AdhesiveEpoxy AdhesivePolyurethane AdhesiveEthyl Vinyl Acetate Adhesive Based on application, the industrial adhesives market is segmented into: AutomotivePackagingConstructionTransportationAerospace The report also includes a discussion of the key vendors operating in this market.
Fuller CompanyHenkel AG & Co. KGaA.Huntsman CorporationSika AGrequest free sample to get a complete list of companies Objective of the study: To analyze and forecast the market size of global industrial adhesives market.To classify and forecast global industrial adhesives market based on product type, application and region.To identify drivers and challenges for global industrial adhesives market.To examine competitive developments such as expansions, mergers & acquisitions, etc., in global industrial adhesives market.To conduct pricing analysis for global industrial adhesives market.To identify and analyze the profile of leading players operating in global industrial adhesives market.
Industrial Adhesives Market Overview: This analysis of the Global Industrial Adhesives Market aims to offer relevant and well-researched insights into the contemporary market scenario and the emergent growth dynamics.
The report on Industrial Adhesives Market also gives the market players and fresh contenders a holistic view of the global market landscape.
The comprehensive study will help both established and emerging players formulate lucrative business strategies and realize their short-term and long-term goals.The Industrial Adhesives industry has witnessed a stable growth rate in the past decade and is expected to continue on the same path in the forthcoming decades.
Therefore, it is crucial to recognize all investment opportunities, potential market threats, restraining factors, challenges, market dynamics, and technological development to intensify footholds in the Industrial Adhesives sector.
This report has evaluated all the above mentioned aspects to present a detailed assessment to the reader to assist them in achieving the desired growth in their businesses.We provide you a thoroughly inspected Competitive Analysis against the global landscape by looking at our Sample Report: https://www.reportsanddata.com/sample-enquiry-form/610Key Players: 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., DuPontSegmentations –Market segment based on Product Type:Solvent-based AdhesivesPressure Sensitive AdhesivesWater-based AdhesivesHot-melt AdhesivesStructural AdhesivesOthersMarket segment based on Application:AutomotiveElectrical & ElectronicsShipbuilding IndustryMechanical EngineeringPlant ConstructionsRegional Industrial Adhesives Market (Regional Output, Demand & Forecast by Countries):- North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
This analysis of the Global Industrial Adhesives Market aims to offer relevant and well-researched insights into the contemporary market scenario and the emergent growth dynamics.
The report on Industrial Adhesives Market also gives the market players and fresh contenders a holistic view of the global market landscape.
The comprehensive study will help both established and emerging players formulate lucrative business strategies and realize their short-term and long-term goals.Key participants include 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, others.Get a Free Sample PDF Report to understand our report before you purchase: https://www.reportsanddata.com/sample-enquiry-form/610Scope of the Report:The Industrial Adhesives industry has witnessed a stable growth rate in the past decade and is expected to continue on the same path in the forthcoming decades.
Therefore, it is crucial to recognize all investment opportunities, potential market threats, restraining factors, challenges, market dynamics, and technological development to intensify footholds in the Industrial Adhesives sector.
This report has evaluated all the above mentioned aspects to present a detailed assessment to the reader to assist themMarket segment based on Product Type:Solvent-based AdhesivesPressure Sensitive AdhesivesWater-based AdhesivesHot-melt AdhesivesStructural AdhesivesOthersMarket segment based on Application:AutomotiveElectrical & ElectronicsShipbuilding IndustryMechanical EngineeringPlant ConstructionsDo you have questions about the Report or want to inquire about a Discount?
