Industry Background:
Plastic Adhesives are Manufactured for the Purpose of Binding Different Materials Together, to Distribute Stress More Efficiently Across the Joint, Improving Aesthetic Design, & Increasing Design Flexibility. They Prevent Passage of Fluids & Other Substances Through Material Surfaces, Joints, or Openings. They Have Wide Range of Properties Such as High Strength, Flexibility, Durability, Solubility, & Corrosion Resistance. They Find Their Usage in Closing Openings That are too Small to be Closed by Other Materials Such as Concrete, Timber, & MortarThis growth is primarily driven by Flourishing Electronics Industry Making Use of Plastic Adhesives for Attaching & Electrically Insulating or to Electrical Components, Devices, Connectors, & Cables and Growth in the Construction Industry, Boosting Demand for the Usage of Plastic Adhesives in Residential, Commercial, & Industrial Infrastructure.
Globally, a noticeable market trend is evident Surging Applications of the Plastic Adhesives in Industries Like Automotive, Medical, Telecom & Defence. Major Vendors, such as Wacker Chemie (Germany), 3M (United States), Henkel (Germany), Evonik (Germany), Mallard Creek Polymers (United States), NPT SRL - New Polyurethane Technologies (Italy), Bostik Australia Pty Ltd (Australia), Meridian Adhesives Group (United States), Sika AG (Switzerland) and H.B. Fuller (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2019, Meridian Adhesives Group ("Meridian") Acquired Epoxies, Etc., a Leading Resin Formulator of Epoxies, Urethanes & Silicones and In May 2018, Meridian Completed the Acquisitions of Epoxy Technology & Adhesives Technology Corporation. Subsequently, Meridian Acquired W.F. Taylor, Evans Adhesive Corporation & Polycom
In July 2018, Brilliant Polymers Launched A Series Of Solvent-Free Adhesives For Flexible Packaging Applications. The Newly Launched Products Include Brilliant S621 / S279, Brilliant S717, Brilliant S631 / S310, and Brilliant S631 / S320
Market Drivers
- Flourishing Electronics Industry Making Use of Plastic Adhesives for Attaching & Electrically Insulating or to Electrical Components, Devices, Connectors, & Cables
- Growth in the Construction Industry, Boosting Demand for the Usage of Plastic Adhesives in Residential, Commercial, & Industrial Infrastructure
Market Trend
- Surging Applications of the Plastic Adhesives in Industries Like Automotive, Medical, Telecom & Defence
Restraints
- The Availability of the Non-Plastic Adhesives in the Market
Opportunities
There are Growing Prospects for Plastic Adhesives in Renewable Energy Sector for Providing Adhesion to Different Equipment, Owing to Push by the Government for the Generation of Energy from Renewable Resources and There Is an Increased Opportunity for the Usage of Polymer Adhesives for Their Usage in Optoelectronic (OE) Assemblies, Microelectromechanical Systems (MEMS), Light-Emitting Diodes (LEDs), and Flat-Panel Displays
Challenges
Rising Usage of Biodegradable Adhesives as an Alternative to Plastic Adhesives Owing to the Increased Research & Development in Adhesives Technology, May Pose a Challenge for the Market Expansion
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plastic Adhesives Study Sheds Light on
The Plastic Adhesives Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Plastic Adhesives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plastic Adhesives industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.