Adhesives Market Worth USD 53.5 Billion By 2022
GlobalAdhesives Market is expected to reach USD 53,503.0 million
by 2022 supported by a CAGR of 4.5% during the forecast period of 2017 to 2022,
according to a recent publication by Meticulous Research®. This
market is primarily driven by growing demand for consumer goods with rising
urbanization & improving lifestyle; rising demand for hot melts adhesives;
and growing automotive industry with increasing demand for lightweight and low
carbon emitted vehicles. Further, rising demand from emerging economies and
growing need for eco-friendly, low VOC, & green sustainable adhesives
offers significant opportunities for the growth of adhesives market during the
forecast period.
Market Segmentation
The global adhesives
market is mainly segmented by type into non-reactive adhesives (water based
adhesives, solvent based adhesives, pressure sensitive adhesives, and hot melt
adhesives), reactive adhesives (multi-part adhesives and one-party adhesives).
The one part adhesives market is further segmented into heat curing adhesives,
moisture curing adhesives, and UV curing adhesives. The market is also analyzed
by application (packaging industry, construction industry, automotive industry,
electronics & electrical industry, furniture & laminates industry,
leather & footwear industry, consumer/do-it-yourself, medical industry and
others), and by origin [natural and synthetic (acrylics, polyvinyl acetate,
vinyl acetate-ethylene, polyurethane, ethylene-vinyl acetate, polyethylene, and
others)
On the basis of type,
non-reactive adhesives segment dominated the overall adhesives market and is
also expected to grow at a faster CAGR during the forecast period, owing to the
rising adoption of water-based adhesives and hot melt adhesives due to their
lower VOCs and their wider application in many industries including packaging, construction,
automotive, electronics & electrical, leather & footwear, and medical
industries.
Geographic Overview
Based on the geography,
global adhesives market is segmented into North America, Europe, Asia-Pacific,
Latin America, and Middle East & Africa. Asia-Pacific region holds the
major share in global adhesives market, owing to the huge demand for adhesives
in industrial manufacturing in the region. In addition, rising
industrialization; infrastructural developments, and rising private &
government investments in these sectors; rising demand for various consumer
goods from large population base; growing income level; and rising urbanization
are the other key factors propelling the growth of the Asia-Pacific adhesives
market. Asia-Pacific region is also the fastest-growing regional market in the
global adhesives industry.
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Key players
The key players in the
global adhesives market are 3M (U.S.), H.B. Fuller (U.S.), Henkel AG & Co.
KGaA (Germany), The Dow Chemical Company (U.S.), and Sika AG (Switzerland),
Arkema (France), Huntsman Corporation (U.S.), Avery Dennison (U.S.) Wacker
Chemie AG (Germany), Royal Adhesives and Sealants (U.S.), Franklin
International, Inc. (U.S.), LORD Corporation (U.S.), and Illinois Tool Works
Inc. (U.S.).
About Meticulous Research®
Meticulous Research® is
founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in
2013 as a private limited company under the Companies Act, 1956. Since its
incorporation, the company has become the leading provider of premium market
intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle
East & Africa.
Contact
Us:
Viren Shrivastava
Viren Shrivastava
AVP-
Global Sales and Marketing
Meticulous
Research®
Tel:
+1-646-781-8004
Email:
viren@meticulousresearch.com
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