Data Bridge Market Research analyses that the industrial adhesives market will witness a CAGR of 5.40% for the forecast period of 2022-2029 and is likely to reach USD 55.69 billion by 2029.
Industrial adhesives are organic and inorganic chemical compounds that are used to join components. Products include acrylic, epoxy, hot melt, polyurethane, silicone, thermoset, and curing adhesives, as well as industrial sealants. Most industrial adhesives are used in fastening applications.
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Competitive Landscape and Industrial Adhesives Market Share Analysis
The industrial adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the industrial adhesives market.
Some of the major players operating in the industrial adhesives market are H.B. Fuller Company, Pidilite Industries Ltd, Huntsman International LLC, 3M, Sika AG, Dow, BASF SE, Solvay, Mitsubishi Chemical Corporation, Bayer CropScience Limited, Toyo Polymer.Co,.Ltd., Bostik Turkey, AVERY DENNISON CORPORATION., Parker Hannifin Corp, SONGWON, Prestige Coating Limited, Tuff-bond Industrial Adhesives Private Limited. and Hi Bond Chemicals among others.
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Industrial Adhesives Market Country Level Analysis
The industrial adhesives market is analysed and market size, volume information is provided by country, material base, composition, end- users, and product type as referenced above.
The countries covered in the industrial adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial adhesives market and will continue to flourish its dominance during the forecast period due to rapid industrialization, growing manufacturing industry and availability of affordable labor in the region. However, North America will continue to project the highest growth rate for this period owing to the presence of well-established technologically advanced infrastructure.
The country section of the industrial adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global Industrial Adhesives Market Scope and Market Size
The industrial adhesives market is segmented on the basis of material base, composition, end- users, and product type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of material base, the industrial adhesives market is segmented into synthetic and natural.
Based on composition, the industrial adhesives market is segmented into acrylic, vinyl, epoxy resins, polyolefin polymers, rubber, amine based resins and others.
On the basis of end- users, the industrial adhesives market is segmented into pressure sensitive products, packaging industry, construction and woodworking industry, transportation industry and others.
Product type segment of the industrial adhesives market is divided into hot-melt adhesives, water-based adhesives, solvent-based adhesives, pressure sensitive adhesives and structural adhesives.
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