Industrial Adhesive Market: Business Revenue, Growth rate, Companies Players

Posted by Moin Patni on September 24th, 2018

Industrial Adhesive Market

Industrial Adhesive Market Overview: Industrial Adhesives are used to bond substrates via adhesion (surface bonding) and cohesion (internal strength). Industrial adhesives can be used in various applications from packaging to be building and construction. These adhesives 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. The increasing demand for industrial adhesives can be attributed to stringent environmental regulations resulting in the use of water-based adhesives instead of solvent-based in the construction, aerospace, and automotive industries.

Industrial Adhesives enjoy increasing popularity and does the Industrial Adhesives Market enjoy an extensive traction. The Industrial Adhesive is accruing rapidly on the global platform mainly due to the burgeoning industries like Automotive, Packaging, Healthcare and manufacturing.

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Industrial Adhesive Market Abstract: Industrial Adhesives are increasingly used as an alternative to mechanical fastening, welding and other joining methods. Using Industrial Adhesives business are able achieve optimized manufacturing processes & design options. With the emerging technologies. Owing to the efficacy Industrial Adhesives demonstrates, it is widely used across a diverse range of industrial sectors. Based on the industries and its use, Industrial Adhesives have been bifurcated such as Automotive Adhesives, Medical Device Adhesives, and Packaging Adhesives etc.

Industrial Adhesive Market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2023. According to which, continuing with the same trends the global Industrial Adhesive Market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2018 – 2023).

Industrial Adhesives Market is growing with the spontaneous pace; mainly due to the burgeoning construction and packaging industries. According to a recent study report published by the Market Research Future, the global market of industrial adhesives is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).

Industrial Adhesives are used on numerous transport and marine applications such as exterior vehicle trim, interior vehicle trim, vehicle assembly, and others to provide thermal resistance to the final products. They are also used for fabricating spare parts of automobiles and add cost-effective nature to the vehicles. The automobile sector has observed a higher growth in the market due to extensive use of adhesives in vehicles due to their ability to withstand thermal load, compression resistance, and others. Additionally, the growing mergers and acquisitions among the leading companies have resulted into a significant growth in the market over the last couple of years.

Industrial Adhesive Market Key Players: Industrial Adhesives Market Includes: Henkel AG & Co. KGaA, H.B. Fuller, The Dow Chemical Company, Sika AG, Cytec Industries Inc, Hitachi Chemical Co, Avery Dennison, Bostik SA, RPM international Inc, Wacker Chemie AG and among others.

Industrial Adhesives Market Regional Analysis: Geographically, Asia Pacific region holds the major portion of global industrial adhesives market. China is the leading country in the region owing to growing production capacity and infrastructure facilities in heavy end-use industries. Increasing demand for industrial adhesives in packaging, construction, wood & furniture, and automotive has boosted the market demand in Japan, and India. North America has witnessed a significant growth owing to increasing consumption of adhesives and this has led to a surge in the demand for the product in construction industries. A remarkable growth has been witnessed by the European region due to increasing demand for the product in automotive, construction, and other sectors. Additionally, due to growing research & development activities and innovations about the product, the market is projected to grow at a higher CAGR in Europe over the forecast period.

On the other hand, the growing popularity of adhesives and their boundless use in major industries is projected to boost the market growth over the assessment period.

Industrial Adhesives Market Competitive Landscape: Industrial Adhesives Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Industrial adhesives market is set to grow at a rapid rate which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers functioning in the industrial adhesives market are struggling to respond to the growing demand for the product from packaging, construction, wood & furniture, automotive and other sectors attributed to technological advancement and extensive use of the product in major sectors. They ensure to deliver the best quality products based on innovative technologies, and best practices.

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