About Reactive Specialty Adhesives
The global Reactive Specialty Adhesives market is expected to witness high demand in the forecasted period due to high demand in the construction industry. and Reactive specialty adhesives are majorly used for fastening a variety of materials in the automotive industry including steel and aluminum. Additionally, as a result of a wide application in the winds turbines industries, the global reactive specialty segment is expected to witness significant growth over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Market players are focusing on providing reactive specialty adhesives with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified reactive specialty adhesives. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Reactive Specialty Adhesives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), 3M (United States), ADCO Global (United States), Adhesives Research (United States), American Biltrite (United States), Avery Dennison (United States), Chemence (United States), Dow Chemical (United States), H.B. Fuller (United States) and Huntsman (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Illinois Tool Works (United States), Jowat Adhesives (Germany) and Mapei (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Reactive Specialty Adhesives market by Type (Epoxy, Modified Acrylic, Anaerobic, Polyurethane, Cyanoacrylate, Radiation Curable and Other), Application (Building & Construction, Wind Turbines, Transportation, Healthcare, Electronics, Aerospace, Sports & Leisure and General Manufacturing) and Region.
On the basis of geography, the market of Reactive Specialty Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In June 2019, Henkel AG a global leader in adhesives formulations, opened a new adhesives facility, especially for the aerospace application in Montornès del Vallès, Spain. The total investment of the project is around USD 39 million and will cater to key development areas of aerospace engineering such as automation, light-weighting, and fuel efficiency.
In September 2019, Lanxess developed a low-free (LF) isocyanate urethane system for sealants, adhesives, and one-component foams. The new system will enhance the manufacturing of reactive adhesives with isocyanate prepolymer technology. New innovations in reactive adhesives will enhance the performance as well as sales of specialty reactive adhesives.
Market Drivers
- The growing due to widely used as an integral part of a varied range of fabricated products such as healthcare equipment’s, automotive parts, sports, and other
Opportunities
- The growing Building & Construction industry across the developing countries
Restraints
- The stringent government regulation on the production of adhesives
Challenges
- The concern related to prolonged exposure to heat and sunlight may deteriorate the adhesive, or solvents
Key Target Audience
Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.