The industrial adhesives market refers to the industry that produces and sells adhesives used in various industrial applications. Industrial adhesives are used to bond or join two or more surfaces together, typically in manufacturing or construction settings. The market for industrial adhesives is driven by a variety of factors, including the increasing demand for lightweight and durable materials in various industries such as automotive, construction, and packaging. Additionally, the growth in the manufacturing sector in developing countries is contributing to the growth of the industrial adhesives market.
There are several types of industrial adhesives available, including acrylics, epoxies, polyurethanes, and cyanoacrylates. Each type has its unique properties and is suitable for different applications. The industrial adhesives market is highly competitive, with several major players dominating the market. Some of the key players in the industrial adhesives market include Henkel AG & Co. KGaA, H.B. Fuller Company, 3M Company, Arkema Group, and Ashland Global Holdings Inc.
The industrial adhesives market is expected to continue to grow in the coming years, driven by the increasing demand for lightweight and durable materials, the growth in the construction and manufacturing sectors, and the development of new and innovative adhesives technologies.
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Key Findings of the Adhesives Market Study:
- The report provides a current market outlook for adhesives. Additionally, the adhesives market share is expected to grow at a CAGR of 5% during the forecast period.
- Regional analysis of Adhesives Market based on pre-defined classifications.
- An innovative manufacturing process implemented by an adhesive supplier is detailed.
- Regional and country segmentation of the adhesives market to determine revenue and growth prospects in this segment.
- Changing consumer preferences in different regions and countries.
- Factors affecting the growth of the global adhesives market (both positive and negative).
- Adhesives Price, Market Share and Trend Forecast for Assessment Period 2022-2032
The major segments covered in the adhesives market study
· Adhesive by type:
- water based glue
- solvent based adhesive
- hot melt adhesive
- reactive adhesive
- Pressure sensitive adhesive (PSA)
- Other adhesive types
· Adhesives by use:
- adhesive for packaging
- Construction/construction adhesives
- shipping adhesive
- Adhesives for shoes and leather goods
- Adhesives for product assembly
- Adhesives for consumer/DIY use
- Adhesives for other applications
· Adhesive by product:
- acrylic based adhesive
- Epoxy based adhesive
- Adhesives based on polyvinyl acetate (PVA)
- Polyurethane (PU) based adhesives
- Styrenic Blook-based adhesive
- Other adhesive products
· Adhesives by region:
- North American adhesives market
- European adhesives market
- Asia Pacific adhesives market
- Latin American adhesives market
- Middle East and Africa adhesives market
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How is this study different from other studies?
- COVID-Impact Analysis – The report contains details on the impact of the pandemic on the adhesives market, including insights into the pre-COVID-19 situation. Additionally, the report is helpful in terms of post-COVID recovery prospects, changing consumer demand, and purchasing patterns that are important to adhesives companies.
- Industry Trend Analysis – This study covers recent trends in the field of adhesives augmented by changes in applicable technologies and industrial processes. A range of digital and industrial technologies are discussed to help client companies understand the benefits and risks involved in light of market trends.
- Adhesive Sustainability Indicators – The growing concern about environmentally friendly production and consumption is the next step in this study as this study focuses on new ways to ensure sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. It also evaluates the details of a manufacturer’s impact on its carbon footprint, making clients aware of their contribution to the Sustainable Development Goals.
The adhesives industry is dominated by some prominent players such as:
- Arkema SA
- Henkel Corporation
- Ashland Co., Ltd.
- Avery Dennison
- BASF SE
- evonic industries
- HB Fuller Company
- PPG Industries
- RMP International Co., Ltd.
- Sika AG
- Barker Chemie AG
Competition in this segment is driven by key parameters such as product pricing, target customer base, and strategic marketing. Key players in the market have focused on innovation in the adhesives market by investing more in research and development. Additionally, industry players are focusing on extensive use of online distribution channels to improve cost efficiency. Sustainability of the supply chain is a decisive factor for adhesive brands that impacts a company’s margin profit.
Benefits reported and key questions answered
- Adhesive Company and Brand Share Analysis: A company and brand share analysis for Adhesives reveals the market share occupied by Tier 1, Tier 2 and Tier 3 players.
- Adhesives Historical Volume Analysis: Industry analysis provides data and insights into adhesives historical volume sales.
- Adhesives Category and Segment Level Analysis: Fact.MR’s Adhesives Sales Forecast provides a category and segment level analysis of profitable nascent product types. Market players can use this information to identify sales potential and set sales targets at regional, country and regional levels.
- Adhesive Consumption by Demographics: Market intelligence research provides consumption by demographic analysis to help market players design products and marketing strategies based on high-value consumers.
- Post-COVID Consumer Spending on Adhesives: This report includes an analysis of post-COVID consumer spending. This information helps business leaders understand changes in purchasing power and behavior.
- Analysis of Manufacturing Trends: Important information on how market players are adjusting their manufacturing strategies in relation to evolving consumer sentiment