About Industrial Adhesives
The industrial adhesives are organic and inorganic compounds that are used to join components. Most industrial adhesives are used in fastening applications. The industrial adhesives are used to fill gaps between seams or on surfaces and to contain fluids, prevent leaks and prevent infiltration of unwanted material. It has various benefits such as improved stress distribution, ability to fill large gaps, provides a protective seal and others. Growing demand for industrial adhesives from the automobile industry is a driving factor for the industrial adhesives market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 7.9% |
Competition among existing players is due to the Industrial Adhesives market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Adhesives Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Industrial 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.
Cytec Industries Inc (United States), Avery Dennison Corporation (United States), Henkel (Germany), Hitachi Chemical Co Ltd (Japan), Lord Corporation (United States), Mitsubishi Chemical Corporation (Japan), The Dow Chemical Company (United States), Bostik (United States), BASF (Germany) and 3M Company (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 Sika AG (Switzerland), DuPont (United States), Huntsman International LLC (United States), Pidilite (India), H.B. Fuller (United States), DELO (Germany), Bayer Material Science, Toyo Polymer Co. Ltd., Bemis, Ashland Inc, Royal Adhesives & Sealants, Adhesive Films Inc, Forbo Holding, Cargill Inc and Vulkaflex Industrial.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Adhesives market by Type (Hot-Melt Adhesives, Water-Based Adhesives, Solvent-Based Adhesives, Pressure Sensitive Adhesives and Structural Adhesives), Application (Joining Methods, Mechanical Fastening, Welding, Automotives, Electrical and Electronics and Shipbuilding Industry) and Region.
On the basis of geography, the market of Industrial 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). Asia-Pacific region held largest market share in the year 2023. If we see Market by Composition, the sub-segment i.e. Acrylic will boost the Industrial Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Manufacturers are Increasingly Looking for Ways to Reduce Adhesive’s Environmental Impact and Growing Demand for Bio-Adhesives
Market Growth Drivers:
Growth in the End-Use Industries Such As Construction, Automotive, Electronics and Packaging and Rising Requirement for Packaged Food and Beverages
Challenges:
Volatility in Raw Material Supply and Regulatory Landscape
Restraints:
Fluctuating Oil Prices and Rising Concerns about Adverse Impact of Solvent-Based Adhesives
Opportunities:
Infrastructure Development and Growth of the Real Estate Market and Growing Automotive Industry
Market Leaders and their expansionary development strategies
In August 2018, Bostik completed the acquisition of the industrial adhesives of Nitta Gelatin Inc. by the Bostik-Nitta joint venture in Japan.
In April 2019, Henkel announced that during the battery show 2019 in Stuttgart, Henkel has launched new silicone-free gap filler for electric vehicles.
Key Target Audience
Packaging, Automotive, Energy and Utilities, Electrical and Electronics, Medical and Hygiene, Building, Furniture and Construction and Industry Assembly
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.