The Plastic Adhesives Global Market Report 2023, provides comprehensive information on the plastic adhesives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Plastic Adhesives Global Market Report 2023, the global plastic adhesives market size grew from $7.32 billion in 2022 to $7.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global plastic adhesives is expected to grow to $10.84 billion in 2027 at a CAGR of 7.9%.

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Plastic adhesive companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help improve operational efficiency in manufacturing facilities. For example, in 2020, Henkel invested $55 million for new adhesives facility in India. This factory is expected to be the largest adhesive manufacturing site in India, the smart manufacturing unit will be launched near Pune and it aims to meet the growing demands of high-performance solutions in adhesives, sealants and surface treatment products within the Asian country. Companies such as IBG use automated processes and high quality to achieve high efficiency and standardized work. IBG offers various automated systems used for bonding and sealing with different adhesives and sealants, as well as turnkey plants.

The plastic adhesives market is segmented:

1) Plastic Adhesives Market By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Other Resin Types

2) Plastic Adhesives Market By Technology: Solvent-based, Water-based

3) Plastic Adhesives Market By End-user: Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging, Other End-Users

Asia-Pacific was the largest region in the plastic adhesives market in 2022.

The table of contents in TBRC’s plastic adhesives market report includes:

1. Executive Summary

2. Plastic Adhesives Market Characteristics

3. Plastic Adhesives Market Trends And Strategies

4. Plastic Adhesives Market - Macro Economic Scenario

5. Plastic Adhesives Market Size And Growth

...........

26. Africa Plastic Adhesives Market

27. Plastic Adhesives Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Plastic Adhesives Market

29. Plastic Adhesives Market Future Outlook and Potential Analysis

30. Appendix

Read Related Reports:

https://www.thebusinessresearchcompany.com/report/solventbased-adhesives-global-market-report

https://www.thebusinessresearchcompany.com/report/adhesives-global-market-report

https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report

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