Over the last few years, the adhesive business has seen global players setting up new capacities all over the world. The market size of all types of adhesives is very large and growing. It has been analyzed that increasing demand for adhesives in various industrial sectors has been the primary growth driver for the global adhesive market. Considering these facts, a study inspecting the global market scenario of adhesives has been publicized to the vast database of Market Research Hub (MRH), with the title of “Adhesive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025”. This 300-page precise study presents the holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025.
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Forecast Analysis
Geographically, the report also highlights opportunities in the adhesive market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; these are analyzed in terms of market revenue. According to the research findings, the global adhesive market is expected to be worth US$55.8 bn by the end of 2025 from US$34.3 bn in 2016. During the forecast period of 2017 and 2025, the global market is estimated to rise at a solid CAGR of 5.62%.
In this study, a detailed discussion of the segmentation of the adhesive market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of type, application and product. In terms of application, the research finds that the use of adhesive products has aided in reducing the weight and size of automotive, electronic devices, packaging industry and others, consequently improving their efficiency. The report states the demand for adhesives will steadily rise as achieving better fuel efficiency and lighter structure becomes the need of the hour. Presently, adhesives are extensively being used in manufacturing processes of vehicles and aircraft.
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Adhesives are available in both natural and synthetic forms and can be further classified as non-reactive adhesives and reactive adhesives. By types, the study covers Water Based, Hot Melt, Solvent-Based and others. By product type, the adhesives have been classified into Polyurethane, Rubber, EVA, Acrylic, Epoxy, Poly Vinyl Acetate (PVA), Polyester and others. In terms of geography, Asia Pacific held over 30% of market share in 2016. Analysts anticipate this trend to continue in the coming years developing economies in Asia Pacific will continue boosting the demand for adhesives.
Competitive Scenario
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the global adhesive market. Key players profiled in the study include 3M Company, Pidilite Industries Limited, Henkel AG & Company KGaA, BASF SE, The Dow Chemicals Company, H.B Fuller India Adhesive Pvt. Ltd., and Bostik.
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