Bharat Book Bureau Provides the Treding Market Research Report on "Global Adhesives Market 2021-2028" under Chemical & Materials Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
MARKET OUTLOOK
Report predicts that the Global Market For Adhesives would witness a CAGR of 5.71% (by value) and 4.60% (by volume) over the forecast period 2021-2028.
A majority of the big players in the construction industry believe that the use of adhesives for construction activities can revolutionize engineering. Further, adhesives have found numerous applications in the packaging sector, which includes flexible packaging, frozen food packaging, specialty packaging, and composite containers.
Therefore, there is a growing demand for adhesives from the construction and packaging industries. These factors are influencing the growth of the studied market.
However, factors such as stringent rules & regulations and the uncertainty in the prices of raw materials are hampering the growth of the market. On the positive side, the growing demand from the consumer electronics industry, along with the rising applications in the automotive industry, is creating numerous avenues for the adhesives market growth.
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REGIONAL OUTLOOK
The Global Market For Adhesives Spans across the regions of North America, Latin America, the Asia-Pacific, the Middle East and Africa, and Europe.
The market in the Asia-Pacific is expected to grow the fastest in the world in the forecasted phase. It is also the largest market, accounting for the highest share. The electronics industry in the APAC is has witnessed immense growth, with the rising demand for electronic equipment. It is a major end-user of adhesives.
And the growing demand from this sector is helping the studied market growth. Also, the easy availability of skilled labor is boosting industrial adhesive manufacturing. Favorable policies by the government are also contributing to the adhesives market’s growth in the Asia-Pacific. Growth in end-user industries is creating lucrative opportunities for growth in the years to come.
COMPETITIVE OUTLOOK
The top companies that have been studied in the adhesives market are Beardow & Adams (Adhesives) Limited, Uniseal Inc, Dow Chemical Company, Eastman Chemical Company, Arkema SA, Avery Dennison Corporation, Sika AG, Ashland North America Specialty Chemicals Inc, Hexcel Corporation, Huntsman Corporation, 3M Company, Henkel AG & Co KGaA, HB Fuller Company, Momentive Performance Materials Inc (MPM), BASF SE, and RPM International Inc.
Ashland Global Specialty Chemicals is one of the leading companies in the world, providing diversified chemical products and services in more than 100 countries. The product portfolio of the company includes adhesives, automotive, architectural coatings, construction, food & beverage, energy, pharmaceutical, and personal care.
Ashland provides adhesives for numerous wood applications, which can be applied through both roll coating and extrusion. These can be either hot press- or cold press-cured or even RF-cured. These water-based, and environmentally-acceptable products are free of formaldehyde and also moisture- & solvent-resistant. It also provides adhesives for flexible packaging, which provide efficacy, improve safety, and increase profitability.
TABLE OF CONTENTS
GLOBAL ADHESIVES MARKET - SUMMARY
INDUSTRY OUTLOOK
2.1. KEY INSIGHTS
2.1.1. PRODUCTION BY JOINT VENTURES - KEY GROWTH STRATEGY
2.1.2. SHIFTING FOCUS TOWARD ADHESIVE BONDING FOR COMPOSITE MATERIALS
2.1.3. RISING DEMAND FOR BIO-BASED AND HYBRID ADHESIVES
2.2. IMPACT OF COVID-19 ON ADHESIVES INDUSTRY
2.3. PORTER'S FIVE FORCES ANALYSIS
2.4. MARKET ATTRACTIVENESS MATRIX
2.5. INDUSTRY COMPONENTS
2.6. VENDOR SCORECARD
2.7. KEY MARKET STRATEGIES
2.7.1. PARTNERSHIP/CONTRACTS/AGREEMENTS/COLLABORATIONS
2.7.2. BUSINESS EXPANSIONS
2.7.3. ACQUISITIONS/MERGERS
2.7.4. PRODUCT LAUNCH
2.8. MARKET DRIVERS
2.8.1. IMPROVING CONSTRUCTION INDUSTRY
2.8.2. GROWING APPLICATIONS IN PACKAGING INDUSTRY
2.9. MARKET CHALLENGES
2.9.1. STRINGENT RULES
2.9.2. UNCERTAINTY IN RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
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