Adhesives Market is Projected to Grow at a Robust CAGR of 4.7% during the forecast period (2021-2027)

Nov 26, 2022 - 14:29

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Adhesives Market is Projected to Grow at a Robust CAGR of 4.7% during the forecast period (2021-2027)

The global adhesives market size was valued at USD 45.6 billion in 2020, which is expected to reach USD 71.2 billion by 2027, registering a CAGR of 4.7% during the forecast period (2021-2027). Adhesives find their applications across various sectors to bind components, such as automotive parts, wood parts, electronic components, and others. Adhesives can bear heavy loads, which in turn, is augmenting its demand in the machinery industry.

Factors Affecting the Adhesives Market Over the Forecast Period:

The demand for lightweight automotive is increasing the demand for adhesives across the globe. With adhesives, the vehicle gets lighter, quieter, and safer compared to mechanical fastening methods for binding automotive components.

Adhesives are getting huge traction in the packaging industry with the rise of the e-commerce sector across the globe. Flexible packaging will offer considerable growth to the adhesives market in the packaging industry during the forecast period.

The demand-supply gap and the fluctuations in foreign currency are hampering the growth of the adhesives market across the globe. However, the prices are affected negatively due to the high usage of petrochemicals in adhesive and other specialty chemicals worldwide.

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Impact of COVID-19 on Adhesives Market:

The outbreak of COVID-19 has significantly hampered the growth of the adhesives market across the globe. The demand for adhesives has significantly fallen, backed by the decline in the demand for new products, including renovation of buildings, woodworks, and automobiles. Gradually the supply has also decreased, and the old stock is also getting damaged as the ability of the adhesive to withhold the product decreases with time. Moreover, the lack of availability of raw materials and the disruption in the supply chain due to the imposition of a ban on the transfer of goods over borders is further curtailing the market growth amidst the crisis. Therefore, a modest downfall in the adhesives market can be expected in 2020.

Scope of the Report

The report outlines the global adhesives market study based on product, technology, and end-user.

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The adhesives market has been segmented based on product –

Acrylic
Polyvinyl Acetate
Epoxy
Polyurethane
Ethyl Vinyl Acetate
Others

The adhesives market has been segmented based on technology-

Water-Based
Solvent-Based
Hot melt
Pressure Sensitive
Others

The adhesives market has been segmented based on end-user-

Automotive
Packaging
Electrical & Electronics
Building & Construction
Woodworking
Others

Adhesives Market: Regional Outlook

The adhesives market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, Europe held the largest share in the global adhesives market, followed by North America and the Asia Pacific. Europe is further estimated to dominate the adhesives market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Key Global Adhesives Market Competitors Includes –

The adhesives market is highly fragmented, with the presence of a large number of small players across the globe. The key adhesives market players operating in the global market include –

3M Company
Adhesives Research Inc.
Akzo Nobel N. V.
Arkema Group
Ashland Inc.
Avery Dennison Corporation
Delo Industrie Lebstoffe GMBH &Co. KGAA
DowDuPont Inc.
DYMAX Corporation
Franklin International
H B Fuller Company
Henkel AG & Co. KGaA
Huntsman Corporation
Illinois Tool Works Inc.
Jowat SE
Lord Corporation
Mapei Corporation
Master Bond Inc.
Meridian Adhesives Group
Pidilite Industries
PPG Industries
RPM International Inc.
Sika Group
Soudal Group
Wacher Chemie Ag.

The Adhesives market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

Adhesives Market Report Covers Comprehensive Analysis On:

Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles

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Adhesives Market Regional Analysis Includes:

North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

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