Industrial Adhesive Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2030
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 – 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 Share 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).
Access Complete Report @ https://www.marketresearchfuture.com/reports/industrial-adhesive-market-1927
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 – Competitive Analysis
Industrial Adhesive Market share 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.
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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