The global industrial adhesives market size is expected to reach around US$ 79.06 billion by 2030 from US$ 50.5 billion in 2020 and is expected to grow at an impressive double-digit rate of 6.3% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global industrial adhesives market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Growth Factors
Rising demand for advanced adhesive technologies particularly from paper packaging and automotive industry is the key trend that boosts the market growth for industrial adhesives in the coming years. Emerging aspects in the packaging industry such as renewable packaging solutions for food & beverages, pharmaceuticals, and cosmetics industry have created alluring opportunities for the market players.
Automotive is another significant application segment in the global industrial adhesives market that anticipated witnessing exponential growth over the forecast period owing to rising trend for light weight vehicles and high fuel efficiency. With rising global pollution governments of several countries have manifested strict laws for vehicle manufacturers to reduce the overall weight of the vehicles and adopt supportive technologies to improve the fuel efficiency. Adhesive products provide excellent bonding of auto body parts and consequently reduces the excess weight of hinges and other automobile components. This significantly drives the industrial adhesives market.
Moreover, increasing penetration of electric vehicles and autonomous vehicles again trigger the growth of industrial adhesives market. Electric vehicles significantly propel the demand for high fuel efficiency and light vehicle components that forces manufacturers to increase application of adhesive products in place of conventional bonding agents.
In addition, aerospace industry is other most prominent industry that witnesses significant demand of industrial adhesives. This is mainly attributed to the custom formulations that has extended the avenues of adhesive developers particularly for the industrial applications. Other than this, changing food habits especially in the developing nations and the Asia Pacific region prominently drives the demand for packaging in food & beverages that in turn propel the market for industrial adhesives.
Report Scope of the Industrial Adhesives Market
| Report Coverage | Details |
| Market Size in 2020 | USD 50.5 Billion |
| Growth Rate from 2021 to 2030 | CAGR of 6.3% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
Report Highlights
- The Asia Pacific is the most promising region in the global industrial adhesives market owing to accelerating growth in packaging and automotive industry
- By product, acrylic adhesives dominated the global industrial adhesives market with more than 40.1% of sales share in the year 2020
- Epoxy adhesives are largely used in the automotive sector and hence likely to witness profound growth in the upcoming years
- Based on application, packaging industry is the front-runner in the global industrial adhesives market with holding around half of the market share
- Footwear segment witnesses the fastest growth rate during the forecast period owing to changing customer preferences towards sports and designer shoes
Regional Snapshots
Based on geography, the global industrial adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific leads the global market for industrial adhesives with nearly half of the revenue share in the year 2020. This is majorly attributed to the increasing construction activities, rising automotive sales, rising demand for packed & frozen foods, and many others. As per a report published by PwC on Capital Project and Infrastructure Spending: Outlook to 2025, the Asia Pacific infrastructure market anticipated to witness a growth of nearly 8% yearly over the next decade and approaching to a value of US$ 5.36 trillion by the year 2025.
Other than Asia Pacific, North America and Europe are the other significant regions that witness steady growths over the forthcoming years owing to prominent impact of packaging and automotive industry growth on GDP.
Why should you invest in this report?
If you are aiming to enter the global industrial adhesives market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial adhesives are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global industrial adhesives market include:
- Cytec Industries Inc.
- Henkel AG & Co.
- Hitachi Chemical Company Ltd
- Sika AG
- 3M Company
- Mitsubishi Chemicals Corporation
- Bayer Product Science (Covestro)
- H.B Fuller
- DuPont de Nemours, Inc.
- Akzo Nobel
- Lord Corporation
- Avery Denison Group
- Ashland Inc.
- Toyo Polymer Co. Ltd.
- Adhesive Films Inc.
Market Segmentation:
By Product
- Polyvinyl Acetate
- Acrylic
- Epoxy
- Ethyl Vinyl Acetate
- Polyurethane
- Others
By Application
- Packaging
- Automotive
- Electrical & Electronics
- Industrial Machinery
- Medical
- Footwear
- Furniture
- Others
Regional Analysis:
The geographical analysis of the global industrial adhesives market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global industrial adhesives Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global industrial adhesives market in 2030?
- What is the expected CAGR for the industrial adhesives market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global industrial adhesives market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Adhesives Market
5.1. COVID-19 Landscape: Industrial Adhesives Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Adhesives Market, By Product
8.1. Industrial Adhesives Market, by Product Type, 2021-2030
8.1.1. Polyvinyl Acetate
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Acrylic
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Epoxy
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Ethyl Vinyl Acetate
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Polyurethane
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Industrial Adhesives Market, By Application
9.1. Industrial Adhesives Market, by Application, 2021-2030
9.1.1. Electronics & Electrical
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Packaging
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Medical
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Industrial Machinery
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Footwear
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Furniture
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Industrial Adhesives Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Cytec Industries Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Henkel AG & Co.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Hitachi Chemical Company Ltd
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sika AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. 3M Company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Mitsubishi Chemicals Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Bayer Product Science (Covestro)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. H.B Fuller
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. DuPont de Nemours, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Akzo Nobel
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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