Global Industrial Adhesives by Worldwide Analysis, Application, Size, Production, Market Share, Consumption, Trends and Forecast to 2027
Henkel
AG & Co. KGaA, H.B. Fuller, The Dow Chemical Company, Sika AG, Cytec
Industries Inc, Hitachi Chemical Co, Avery Dennison, Bostik SA, RPM international
Inc, and Wacker Chemie AG are some of the prominent players at the forefront of
competition in the Global Industrial Adhesive Market and are profiled in MRFR
Analysis.
Industrial Adhesive Market – Competitive
Analysis
Industrial
Adhesive Market appears to be highly fragmented and competitive owning to the
presence of numerous large and small players active in regional market. The key
strategies traced from the analysis of recent developments of the key players
include Product Launch, Agreement & Partnership, Acquisition and expansion.
Strategic partnerships between Key players support the growth and expansion
plans of the key players during the forecast period. On the product and sales
side, companies are investing in innovation/R&D, brand building, and fostering
strong relationships with customers to support their competitive
position.
Manufacturers
operating in the market strive to deliver innovative solutions that improve the
design and manufacturing processes of business around the world. Focusing upon
the competitive edge, Industrial Adhesive manufacturers strive to develop
products that can deliver optimal adhesion, convenience and reliability.
Utilizing their international and regional presence, these manufacturers assure
their customers with the consistency in product & service quality.
Manufacturers strive to develop their product portfolio with a wide range
of Industrial Adhesives for every application.
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The
Global Industrial Adhesive Market is predominantly driven by the burgeoning
automotive market. Leverage to the heightened demand for light weight vehicles
(as an alternative to mechanical fastening, welding and other joining methods)
and the emergence of Electrical Vehicles (EVs) where Industrial Adhesive is
extensively used for Vehicle components and systems adhesion, including surface
treatment, magnet bonding, NVH, impregnation and sealing and gasketing. Apart
from these mentioned application areas, Industrial Adhesive is also exclusively
used in Electrical/ Electronic Application Areas of an automobile such as
Sensors, Cabin Devices, Electronic Control Module just to name a few. Asia
Pacific is dominant market for industrial Adhesives attributing to the growing
Automotive and Construction industries of APAC owing to the increasing
population, improving economy and growing civilization etc. In APAC,
specifically, India and China is supporting the Industrial Adhesive Market
growth largely.
Additionally,
Packaging industry and Medical Equipment (Healthcare) Industry is fostering the
Industrial Adhesive Market growth globally. Evidently technological
advancements transpired in to the Industrial Adhesive Market coupled with the
key players operating in the market who are constantly investing significant
amounts in to R&D activities are providing impetus to the Industrial
Adhesive Market growth.
On
the other hand, stringent environmental regulations pertaining to VOC emissions
coupled with the economic slowdown in Europe and some other regions or
economies might pose challenges to the market growth during the forecasting
period. Moreover, price volatility and turmoil in supply of one of the main
feedstock - industrial crude oil is expected to affect demand in forecasted
period. However, advent of eco-friendly, VOC free Water Based Adhesives which
is rapidly replacing the Solvent Based Industrial Adhesives coupled with the
increasing urbanization and infrastructure investment suggest that the growth
in urbanization and increase in infrastructure investment will fuel the
Industrial Adhesive Market growth, escorting the market to greater heights.
Industrial Adhesive Market – Market Overview
Industrial
Adhesives are increasingly used as an alternative to mechanical fastening,
welding and other joining methods. Using Industrial Adhesives business are able
achieve optimized manufacturing processes & design options. With the
emerging technologies. Owing to the efficacy Industrial Adhesives demonstrates,
it is widely used across a diverse range of industrial sectors. Based on the
industries and its use, Industrial Adhesives have been bifurcated such as
Automotive Adhesives, Medical Device Adhesives, and Packaging Adhesives etc.
Industrial
Adhesives enjoy increasing popularity and does the Industrial Adhesives Market
enjoy an extensive traction. The Industrial Adhesive is accruing rapidly on the
global platform mainly due to the burgeoning industries like Automotive,
Packaging, Healthcare and manufacturing.
Accrediting
the colossal growth the Industrial Adhesive Market is witnessing currently and
the potential the market is demonstrating to accrue pervasively further in the
years to come; the Market Research Future has recently published a
meticulous study report giving out the complete market insight up till 2022.
According to which, continuing with the same trends the global Industrial
Adhesive Market is projected to perceive an outstanding growth by 2022
registering a striking CAGR during the anticipated period (2017 – 2022).
Industry/ Innovation/ Related News:
July 18, 2017 - H.B. Fuller
Company (US based with the global presence) one of the global adhesives
provider acquired Adecol Ind. the largest manufacturer of industrial adhesives
and adhesive technologies in Brazil.
December 01, 2017 - DELO
Industrial Adhesives expanded
its product range by introducing a new potting compound for automotive and
power electronics. The new product - DELO-DUOPOX CR8031 protects electronic
components such as sensors even
at high temperatures and is easy to handle. The two-component epoxy resin shows
good adhesion to various plastics such
as PA or ABS. Even with PE, a compression shear strength of 20 MPa was reached
after plasma pre-treatment, although this cheap and resistant plastics is
difficult to bond due to its low surface energy.
Jan. 27, 2017 - H.B.
Fuller Company announced that, it has purchased (acquired) the industrial
adhesives business of Wisdom Worldwide Adhesives, a provider of adhesives for
the packaging, paper converting, and assembly markets.
Sept. 04, 2017 – H.B.
Fuller Company announced that it has signed an agreement to purchase Royal
Adhesives & Sealants, a leading manufacturer of high-value specialty
adhesives and sealants.
April 21, 2017 –SikaCorporation, a supplier of innovative
adhesive and sealant solutions, announced the launch of SikaFast-3300 and
SikaFast-3500 Structural methyl methacrylate (MMA) adhesives for transportation
and industrial assembly applications.
Industrial Adhesive Market – Segments
For
the convenience of the report and enhanced understanding; The Industrial
Adhesive Market is segmented in to 3key dynamics.
Segmentation by Application: Comprises automobile,
construction, electronics and electrical, personal utilities, Medical devices.
Segmentation by Types: Comprises Acrylic,
Polyvinyl Acetate, Epoxy, Polyurethane and Ethyl Vinyl
Acetate and other.
Segmentation by Regions: Comprises
Geographical regions - North America, Europe, APAC and Rest of the World.
Industrial
Adhesive Market – Regional Analysis
Industrial
Adhesive dominates in APAC region due to growing manufacturing sector and cheap
labour cost. North America and Europe market for Industrial Adhesive are
expected witness a sluggish growth, followed by RoW.
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