Industry Background:
Polymer Adhesives are the Type of Adhesives Manufactured Industrially for the Purpose of Binding Different Materials Together, to Distribute Stress More Efficiently Across the Joint, Improving Aesthetic Design, and Increased Design Flexibility. They are Used to Prevent Passage of Fluids and Other Substances Through Material Surfaces, Joints, or Openings. They Have Wide Range of Properties Such as High Strength, Flexibility, Appearance, Durability, Solubility, and Corrosion Resistance. They are Used to Close Openings That are too Small to be Closed by Other Materials Such as Concrete, Timber, and Mortar
This growth is primarily driven by Growth in the Construction Industry, Boosting Demand for the Usage of Polymer Adhesives in Residential, Commercial, and Industrial Infrastructure and Thriving Electronics Industry Using Polymer Adhesives to Attach and Electrically Insulate or to Electrically Connect Components, Devices, Connectors, and Cables.
Globally, a noticeable market trend is evident Rising Applications of the Polymer Adhesives in Sectors like Automotive, Medical, Telecommunications, and Defense. The Specialty Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Wacker Chemie (Germany), Evonik (Germany), Mallard Creek Polymers (United States), NPT Srl - New Polyurethane Technologies (Italy), Bostik Australia Pty Ltd (Australia), Henkel (Germany), Meridian Adhesives Group (United States), Sika AG (Switzerland), H.B. Fuller (Switzerland), Illinois Tool Works (United States), Huntsman Corporation (United States), 3M (United States) and Brilliant Polymers Pvt Ltd (India) 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, and Silicones and In May 2018, Meridian Completed The Acquisitions Of Epoxy Technology And Adhesives Technology Corporation. Subsequently, Meridian Acquired W.F. Taylor, Evans Adhesive Corporation and 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
- Growth in the Construction Industry, Boosting Demand for the Usage of Polymer Adhesives in Residential, Commercial, and Industrial Infrastructure
- Thriving Electronics Industry Using Polymer Adhesives to Attach and Electrically Insulate or to Electrically Connect Components, Devices, Connectors, and Cables
Market Trend
- Rising Applications of the Polymer Adhesives in Sectors like Automotive, Medical, Telecommunications, and Defense
Restraints
- Market Presence of the Non-Polymer Adhesives may Limit the Market Expansion for the Polymer Adhesives
Opportunities
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
Increased Prospects For The Usage Of Biodegradable Adhesives As An Alternative To Polymer Adhesives Owing To The Increased Research And 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, Polymer Adhesives Study Sheds Light on
The Polymer Adhesives Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Polymer Adhesives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Polymer 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.