Sales of Industrial Adhesives Market will cross the milestone of US$ 78 Bn by 2030

-

 Expanding at a CAGR of 4.5% the global sales of Industrial Adhesives is expected to increase from a valuation of US$ 52,862.0 Mn in 2021 to US$ 78 Bn by the end of 2030.

Manufacturing and industrial facilities from numerous verticals require specialized adhesives for production and product quality. As a result, the demand for industrial adhesives has risen steadily in years past. However, the coronavirus pandemic has had a substantial impact on industrial activity on a global scale, generating a slight decline in demand during 2020.

A key factor driving global demand for industrial adhesive products is the growing scope of applications in the packaging, electronics, and automotive sectors, along with investments into product development for greater functionality, bolstering overall adoption rates.

The report by Future Market Insights gives in-depth insights on the sector in terms of revenue and sales projections for the duration between 2022 and 2030. Application of adhesives as viable substitutes for flanges, panels, and other fastener settings support growth in the long-term.

Request a report sample to gain comprehensive insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2369

Sustainability Trends Aid Market Prospects

According to The Adhesive and Sealant Council, the automotive industry alone makes use of up to 40 kg of industrial adhesives for every vehicle. Consequently, the residue, and improper application techniques pose environmental and health risks.

With efforts in keeping up with the requirements of the modern consumers industrial adhesive manufacturers are seeking methods to minimize the environmental impact of their product offerings. Investments into research and development to develop alternatives to conventional chemical industry adhesives market are important.

On the other hand, cost and performance standards of industrial adhesives are also of high importance for users. Consequently, manufacturers have been pushing for the incorporation of the better technologies towards this end. For instance, electron beam processing has found a role as a substitute for ultraviolet curing or oven drying, which has shown promise in minimizing emissions of volatile organic compounds.

Industrial Adhesives Market – Competitive Landscape

Industrial adhesive manufacturers around the world are employing a multi-pronged strategy including product development, collaborations towards bolstering distribution networks, and capacity and geographic expansion endeavors.

The coronavirus is expected to create short term hurdles for industrial adhesives. However, the overall prospects of the sector are positive through 2030, even as some businesses are pushed towards operational and workforce cuts during this period.

Ask for customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-2369

In addition to these players, some other prominent industrial adhesive manufacturers include:

  • 3M
  • Sika AG
  • Dow Inc.
  • Henkel AG & Co. KGaA
  • H.B. Fuller Company
  • Arkema SA
  • Huntsman Corporation
  • Teraoka Seisakusho Co., Ltd.
  • Pidilite Industries Limited
  • FORBO Holding
  • Covestro AG
  • Organic chemistry
  • Panacol-Elosol GmbH
  • Cargill Incorporated
  • Master Bond Inc.
  • Glue Dots International
  • ASTRAL ADHESIVES
  • Super Glue Corporation
  • YAMATO Co., Ltd
  • DELO Adhesives
  • Tonsan
  • Hongshu Adhesive Products Industrial Co., Ltd
  • GRECO (Great Eastern Resins Industrial Co., Ltd.)
  • Vulkaflex Industria
  • Chemlok

Industrial Adhesives Market By Category

By Product Type, the Industrial Adhesives market is segmented as :

  • Acrylic Adhesives
  • PVA Adhesives
  • PUR Adhesives
  • EVA Adhesives
  • Epoxy Based Adhesives
  • Others

By Technology, the Industrial Adhesives market is segmented as :

  • UV CURE Adhesives
  • Pressure Sensitive Adhesives
  • Industrial Adhesives
  • Plastic Adhesives
  • Hot Melt Adhesives
  • Others

By End Use, the Industrial Adhesives market is segment as :

  • Automotive & Aerospace
  • Healthcare
  • Consumer Goods
  • Packaging
  • Construction
  • Electronics
  • Furniture & Metalwork
  • Glass Making
  • Footwear

By Region, the Industrial Adhesives market is segmented as :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • THING

Ask An Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-2369


Ani-Microbial Products Gain Traction with Covid-19

The uncertainty over the duration and severity of the coronavirus pandemic has resulted in consumers and end user industries pushing for the development of offerings with anti-microbial offerings. Demand is expected to rise for applications in healthcare device production to minimize the spread of anti-biotic resistant microbes and hospital acquired infections.

Demand in the recent past was relatively lower owing to cost and durability issues. However, health and economic changes have helped in the justification of adopting these materials. Industrial adhesive manufacturers can potentially take up repurposing and rebranding strategies for their offerings. Materials such as liquid metal, biocides, organo-silane nano-coatings, and specialized peptide coatings.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/industrial-adhesives-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

 

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the ...
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. ...
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid ex...
Read more