Industrial Adhesive Market Trend is Expected to Reach USD 74.80 Billion by 2027

The Industrial Adhesive Market size was USD 53.02 billion in 2019 and expected to reach USD 74.80 billion by 2027; this converts into a compound annual growth rate (CAGR) of 4.40% for the forecast period.

Industrial Adhesive Market dynamics:

The industrial adhesive market is expected to witness substantial growth through the automotive sector. A decrease in sales in this sector will, therefore, hamper the growth of the market. Moreover, any fluctuation in demand from the end-user industries may further cause a deceleration in the augmentation of the market.

Get a Sample Copy of Industrial Adhesive Market Report 2020-2027: https://www.researchcmfe.com/sample-request/78

Epoxy adhesives offer numerous benefits such as low shrinkage during and after cure, high mechanical strength, chemical and heat resistance, and more. These advantages are widening the application base of adhesive within the construction industry. Growing demand for autonomous vehicles or advancement in V2I, V2V, active safety, and similar technologies will drive up the use of industrial adhesives in the electronics as well as the automotive industry. Furthermore, the need for lightweight packaging is paving the way for the development of newer adhesives. All of these factors will provide a plethora of opportunities for the market to flourish.

Competitive Intelligence

A few key players include, but not limited to: Flamemaster, Permatex, Master Bond Inc., Solvay, Beacon Adhesives, Huntsman Corporation, Ashland, Lord Corporation, Franklin Adhesives and Polymers, Kleiberit Adhesives, Dow, Jowat.

The Industrial Adhesive Market is segmented to include:

By technology:

  • Water-based
  • Solvent-based
  • Hotmelt
  • Others

By product:

  • Acrylic
  • PVA
  • PU
  • Styrenic Block
  • Epoxy
  • EVA
  • Others

For More Customization, Connect with Us At:  https://www.researchcmfe.com/customization/78

By end-user:

  • Packaging
  • Construction
  • Automotive
  • Woodwork
  • Others

Industrial Adhesive Market by Geography Overview:

Based on geography, the market is segmented as below:

  • North America
  • Europe
  • APAC
  • Latin America (LATAM)
  • Middle East & Africa (MEA)

An adhesive used, to bond two surfaces together, generally in industrial applications are known as industrial adhesives. The commonly used raw materials for the production of these adhesives are natural rubber, starch, synthetic polymer, neoprene, etc. Various additives are mixed with these materials to produce an adhesive with a specific composition.

The growing demand for adhesives across various industries such as automotive, construction, packaging, electronics, footwear, and more coupled with its increasing applications will fuel the adhesive market. Additionally, the development of bio-based adhesives will bolster the market growth. Stringent environmental regulations may pose a threat to the expansion of the market.

Get More Information: https://www.researchcmfe.com/report/78/industrial-adhesive-market

Recent news in Industrial Adhesive Industry:

  1. In September 2020, Huntsman Advanced Materials announced the launch of the ARALDITE 2000 Adhesive Core Range. The range comprises of nine high performance adhesives and consists of three technologies – epoxy, acrylic and polyurethane.
  2. Master Bond Inc.’s two-part EP30-4Med optically clear epoxy clears the ISO 10993-5 testing in March 2021, and is hence, considered non-cytotoxic. This adhesive has a fast setup time that cures at room temperature.

About Us-

ResearchCMFE is a provider of world-class market research reports, customized solutions, and consulting services, and high-quality market intelligence that firmly believes in empowering the success of its client’s successes in growing or improving their business.

We combine a distinctive package of research reports and consulting services, global reach, and in-depth expertise in markets such as Chemicals and Materials, Food and Beverage, Energy, and Power that cannot be matched by our competitors. Our focus is on providing knowledge and solutions throughout the entire value chain of the industries we serve. We believe in providing premium high-quality insights at an affordable cost

For All Your Research Needs, Reach Out to Us:

Contact Name: Rohan S.

Email: contactus@researchcmfe.com

Phone: +1 (407) 768-2028

Comments are closed