Press Resease

Global Industrial Adhesives Market By Product (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, Ethyl Vinyl Acetate and Others), By Application (Automotive, Packaging, Electricals & Electronics, Medical, Industrial Machinery, Furniture, Footwear, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028

Published Date: 18-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-6255 Status : Published

The Global Industrial Adhesives Market accounted for USD 44.36 Billion in 2020 and is expected to reach USD 75.66 Billion by 2028, growing at a CAGR of 6.9% from 2021 to 2028.

Description

Market Overview

The Global Industrial Adhesives Market accounted for USD 44.36 Billion in 2020 and is expected to reach USD 75.66 Billion by 2028, growing at a CAGR of 6.9% from 2021 to 2028.

Adhesion and stability are used to bind substrates with industrial adhesives. Industrial adhesives are used in a wide range of uses, from manufacturing to construction. These adhesives are easy to use and allow for permanent bonding between substrates that are identical or dissimilar. Hot-melt or spray adhesives, for example, may be used to bind cloth to wood, plastic, or metal without the need for stitching. Stringent environmental requirements have led with the use of water-based adhesives rather than solvent-based adhesives in the manufacturing, aerospace, and automotive industries, resulting in increased demand for industrial adhesives.

COVID-19 Impact Analysis

Because of the uncertainties surrounding the length and magnitude of the coronavirus pandemic, customers and end-user businesses have pushed for the advancement of anti-microbial offerings. The demand for applications in healthcare system manufacturing to prevent the spread of anti-biotic-resistant bacteria and hospital-acquired infections is expected to increase.

Due to cost and reliability concerns, demand has been relatively poor in recent years. However, improvements in wellbeing and the economy have aided in the rationale of using these products. Manufacturers of industrial adhesives may consider repurposing and rebranding strategies for their products. Liquid metal, biocides, organo-silane nano-coatings, and specialised peptide coatings are examples of materials.

Overall, the pandemic is expected to have a negative impact on the global adhesives market, with a drop in production and revenue in 2020, as manufacturing industries and industrial facilities around the world have seen a drop in productivity as a result of shutdown and pandemic prevention measures.

Growth Factors

One of the major growth drivers for the Global Industrial Adhesives Market is Increasing demand for adhesives from the building & construction industry. Residential development is being driven by population growth and urbanisation in developing countries such as China, India, Indonesia etc. In these countries, there is a growing need for permanent housing, which is driving demand for adhesives. Adhesives are used in a variety of building uses, including carpet, tiling, wallpapers, and external insulation systems. As a result, the construction industry's growing demand for adhesives is a major market driver.

Another factor for the growth in this market is Growth in the Packaging, Woodworking & Transportation Market. Over the forecasted timeframe, increasing packaging demand from various end-use industries such as healthcare, food & beverages, and cosmetics is expected to drive market growth. Over the next few years, the market for industrial adhesives is expected to be driven by the growth in e-commerce commodities demand, which requires packaging.

Report Scope :

Product Segment Analysis Preview

In the Industrial Adhesives Market, acrylics were the most common product category. They are used to increase the bonding ability of metals while also improving their visual appeal. Quick curing and acid and solvent resistance make them ideal for a variety of end-use industries, including furniture, medical equipment, and packaging.

Polyvinyl acetate is predicted to report an average growth owing to its properties such as high boiling & temperature tolerance. It is ideal for use in the packaging industry and furniture production due to its superior bond strength and increased creep resistance.

The automobile industry makes extensive use of epoxy adhesives. Epoxy adhesives are ideal for the automotive industry because of their longevity, oil absorption capability, strong wash-out resistance, and high strength over a large temperature range.

 

 

 

Application Segment Analysis Preview

Packaging sector dominate the application segment with 30% of market share. Increased use of industrial adhesives for printing, carton wrapping, and corrugated box production has resulted in strong market penetration in the packaging sector. Furthermore, increasing demand for frozen products, the expansion of the food and beverage industry, and the use of flexible packaging are projected to create opportunities for growth. Adhesives have become a common substitute for mechanical fasteners in packaging applications due to properties such as high handling capability, superior performance under stressful conditions, and curing efficiency. Adhesive applications in vehicles are gaining popularity as the trend toward lightweight cars and sleek new designs shifts, allowing for lower wind resistance and higher speeds. Steel sheets with a thickness of 0.6 to 0.8 mm are used in most vehicle bodies, and they require high-strength bonding to ensure optimum protection in the event of a collision or mishap. The rise in demand for different materials such as glass, rubber, and plastic from the automotive industry is driving the development.

Regional Segment Analysis Preview

In 2020, Asia Pacific was the leading region, accounting for 8.9% CAGR. Due to low labour costs and friendly government legislation, major automobile firms have relocated their manufacturing operations to China, India, Thailand, and Vietnam. Over the next seven years, rising per capita income among the middle class in countries like China and India is expected to boost vehicle sales. In the coming years, these trends are likely to fuel product demand.

 In North America, growing demand from the packaging industry is projected to remain a core driver of business growth over the forecast period. The growth of the packaging industry, which absorbs a vast number of industrial adhesives, is responsible for changes in customer tastes toward simplicity, expanded shelf life, quick-serve, and portability of goods. This will almost certainly propel business demand in the coming years.

Key Market Players and Competitive Landscape

Some of the key players in the Global Industrial Adhesives Market include Henkel AG & Co. KGaA, H.B. Fuller, BASF SE, The Dow Chemical Company, Huntsman Corporation, Sika AG, Toyo Polymer Co. Ltd., Adhesive Films Inc., Mitsubishi Chemicals Corporation, and Hitachi Chemical Company Ltd.

To improve competitive competition, industry leaders are employing tactics such as mergers and acquisitions, capacity extension, and long-term contracts with end-users. For example, H.B. Fuller Company purchased the assets of H.E. Wisdom & Sons, Inc. and its subsidiary Wisdom Adhesives Southeast, LLC in January 2017, bolstering the company's North American presence.

The Global Industrial Adhesives Market is segmented as follows: -

??????????????Product

  • Acrylic
  • Polyvinyl Acetate
  • Epoxy
  • Polyurethane
  • Ethyl Vinyl Acetate
  • Others

Application

  • Automotive
  • Packaging
  • Electricals & Electronics
  • Medical
  • Industrial Machinery
  • Furniture
  • Footwear
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Industrial Adhesives Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Industrial Adhesives Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Acrylic
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Pulyvinyl Acetate
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Epoxy
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Pulyurethane
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Ethyl Vinyl Acetate
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Others
      • 4.7.1. Market Size and Forecast, By Region (USD Million)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Industrial Adhesives Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Automotive
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Packaging
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Electricals & Electronics
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Medical
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Industrial Machinery
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Furniture
      • 5.7.1. Market Size and Forecast, By Region (USD Million)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.8. Footwear
      • 5.8.1. Market Size and Forecast, By Region (USD Million)
      • 5.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.9. Others
      • 5.9.1. Market Size and Forecast, By Region (USD Million)
      • 5.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Industrial Adhesives Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Industrial Adhesives Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Industrial Adhesives Market: Company Market Share, 2019
      • 8.1.2. Global Industrial Adhesives Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Industrial Adhesives Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Industrial Adhesives Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Henkel AG & Co. KGaA
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
        • 9.2. H.B. Fulle
    • 9.3. BASF SE
    • 9.4. The Dow Chemical Company
    • 9.5. Huntsman Corporation
    • 9.6. Sika AG
    • 9.7. Toyo Pulymer Co. Ltd.
    • 9.8. Adhesive Films Inc.
    • 9.9. Mitsubishi Chemicals Corporation
    • 9.10. Hitachi Chemical Company Ltd
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology


Frequently Asked Questions

The Global Industrial Adhesives Market was valued at USD 44.36 Billion in 2020.
The Global Industrial Adhesives Market is expected to reach USD 75.66 Billion by 2028, growing at a CAGR of 6.90% between 2021 to 2028.
Increasing demand for adhesives from the building & construction industry and Growth in the Packaging, Woodworking & Transportation Market. are the major key factors in driving the Global Industrial Adhesives Market.

The Asia Pacific is currently the largest market share in Global Industrial Adhesives Market and a key region in the advances in Global Industrial Adhesives Market, followed by North America and Europe. 

 

Some of the key players in the Global Industrial Adhesives Market include Henkel AG & Co. KGaA, H.B. Fuller, BASF SE, The Dow Chemical Company, Huntsman Corporation, Sika AG, Toyo Polymer Co. Ltd., Adhesive Films Inc., Mitsubishi Chemicals Corporation, and Hitachi Chemical Company Ltd and Others.

}
Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com