According to the new analysis by Value Market Research, the Global Adhesives Market was valued at USD 41.6 BN (by revenue) in 2018 and is projected to reach USD 56.9 BN by 2025 with a CAGR of 4.6% from 2019 to 2025. Growing construction industry coupled with the rising demand for high-performance adhesives is the prominent factor fueling the market demand. Increasing usage of composite materials across the automotive and electronic industry is also expected to propel the market growth. Growing demand for water and solvent-based adhesives from the furniture industry for bonding the components along with the increasing application of high-performance adhesives across the packaging industry is further anticipated to fuel the industry expansion.
An adhesive can be defined as any substance which is used to create the bond between two surfaces.
Adhesives develop strength after it has been applied and remain stable. The process is called adhesion and they can be classified into a variety of ways based on their chemistries they are epoxies, polyurethanes, and polyimides. They are available in various forms such as paste, liquid, film, pellets, and tape. Their type includes reactive hot melt, thermosetting, contact, and pressure-sensitive and they can be applied in different ways depending on the form it comes.
The report "Global Adhesives Market Report By Type (Water-Based, Solvent-Based, Hot Melt, And Others), Product (Polyurethane, Acrylic, Poly Vinyl Acetate (PVA), Polyester, Rubber, Epoxy, EVA, And Others), Application (Packaging, Flexible, Rigid, Construction, Automobile, footwear &leather, Consumer, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2017-2024” uncover important factors of the market which would be definitely helpful for the interested party to understand the entire market scenario.
The market segmentation cover type, product, application, and region. Type segment encompasses water based, solvent based, hot melt, and others. Hot melt adhesives held the leading position owing to the rising demand from bookbinding, packaging solution, non-woven hygiene product, and furniture industry. The product segment includes polyurethane, acrylic, poly vinyl acetate (PVA), polyester, rubber, epoxy, EVA, and others. Epoxies are accounted for the largest share in the market owing to the growing demand from automotive industries where they are used to assemble the composite material and multi-materials design. Application segment incorporates packaging, flexible, rigid, construction, automobile, automobile, consumer, and other. Automobile and construction together emerged as the largest application area owing to its high cohesive strength, excellent heat and chemical resistance which are ideal for long-term application. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, Asia-Pacific is dominating the overall market and this can be attributed to the rapid urbanization and industrialization. Also, the growth can be attributed to the growing demand for high-performance adhesives from construction and electronic industry.
The Report Segments Global Adhesives Market -
Poly Vinyl Acetate (PVA)
Footwear & Leather
Middle East & Africa
Players Profiled In The Report:
3M Company, BASF SE, Bostik, H.B Fuller India Adhesive Pvt. Ltd., Henkel AG & Company KGaA, Pidilite Industries Limited, and The Dow Chemicals Company
About Value Market Research -
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information. Our analysts’ team is well equipped with all research tools and techniques and hold deep knowledge of the industry they are working for.
We ensure intellectual, precise and quality data is delivered to our client. We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
Value Market Research
401/402, TFM, Nagras Road, Aundh, Pune-7.
Email: [email protected]
Avail customized purchase options to meet your exact research needs:
" Doing business with Value Market Research was – quick, easy and accurate. We got what we expected. The team was very helpful and processes were altered for our convenience. The whole process from understanding our niche requirements to delivery to after sales was excellent. "
" Excellent work!! Working with you has been easy and direct. Your flexibility to alter the report scope and timely delivery assisted me in delivering my project proposal on time. "
" This is our second purchase and we have been obliged by the service. We appreciate the efforts put by Value Market Research in terms of understanding our needs, expanding the scope of the study, delivery and handling after sales queries. "