According to Volatile Organic Compounds (VOC) regulations, every bonding adhesive manufacturer must take care of maintaining air quality. The regulation has been affecting the market as some of the volatile organic compounds can react with nitrogen oxides present in the air and forms the ozone and subsequently pose a health threat that further causes respiratory problems. Thus, regulation is one of the factors that is limiting the growth of the market.
According to the report, Rising Utilization of Silicone Elastic Bonding Adhesives among Various End Users is one of the primary growth factors for the market. Rising Demand from the Glazing and Panel Applications
is also expected to contribute significantly to the Bonding Adhesive market. Overall, Furniture
applications of Bonding Adhesive, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Formulating Technology , such as Water-Based Adhesives, is boosting the Bonding Adhesive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Resin Type, such as Silicone, is boosting the Bonding Adhesive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Bonding Adhesive market identified that the demand is rising in many different parts of the world as "Continuously Innovation and Advancement in Adhesive Bonding Results in Ease of Application". Furthermore, some recent industry insights like "In 2017, Henkel has invested more than USD 29.0 million to build an adhesive plant in Maharashtra, India. The investment is part of its global strategy to create a strong presence in the emerging markets. The new plant offers 20,000 square meters of operational area and 80,000 metric tonnes annual capacity for adhesives and surface treatments." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Bonding Adhesive market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bonding Adhesive market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.