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Pulished Date April, 2021
ID: 8613
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Industrial Adhesives Market By Type (Water-based Adhesives, Solvent-based Adhesives, Hot-Melt Adhesives, and Pressure Sensitive Adhesives), By Material Base (Synthetic, Natural), Composition, End-Use Industry & By Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8613
Pages: 170

Industrial Adhesives Market Size, Share & Trends (2021 - 2026)

The Industrial Adhesives Market size is anticipated to grow from $ 52.26 billion in 2021 to $ 65.37 billion by 2021, at a compound annual rate of 8.4% during the forecast period 2021 and 2026.

Industrial adhesives are used to bond substrates by adhesion (surface bonding) and cohesion (internal resistance). Industrial adhesives can be used in a variety of applications, from packaging to building and construction. These adhesives are easy to use and allow the permanent bonding of similar and dissimilar substrates. For example, hot melt or spray adhesives can be used to bond fabric to wood, plastic or metal, thus avoiding the need for stitching. The growing demand for industrial adhesives can be attributed to stringent environmental regulations that result in the use of water-based adhesives rather than solvents in the construction, aerospace and automotive industries. . Industrial adhesives are used in structural bonding of metals, structural bonding of fiber reinforced plastics, exterior interior trim and glass bonding in automotive applications. They are also used in the automotive production process to assemble interior parts and reduce the need for rivets and welds. Reducing vehicle weight by 12% reduces fuel consumption by 6-8%. Rising fuel prices and environmental concerns are expected to drive market growth.

Industrial Adhesives Market Recent Developments In the Industry:

  • In February 2020, Henkel intensifies its adhesives business in India and invests 400 million rupees in the eighth factory. After leaving High Speed ​​Consumer Goods (FMCG) in India a few years ago, German Major Henkel has quietly increased his presence in adhesives, a business that earns him nearly Rs 2,500 Crore.

  • In December 2020, Evans Adhesive is launching a new website. With a focus on "Simplify the Complex", the website brings a modern educational platform to the market by providing knowledge about adhesives through multiple adhesive selection guides. With countless adhesive options available on the market today, these site elements are in place to help users on their journey to improved and updated solutions.

  • In September 2020, Arkema JV opens a new industrial adhesives plant in Japan. Arkema announces the start-up of a new global industrial adhesives plant in Japan. This investment is in line with Bostik's growth and geographic expansion strategy.

  • In October 2020, H.B. Fuller is launching the MRO line of industrial adhesives and sealants. HALF PENSION. Fuller has launched a new line of professional grade MROs (maintenance, repair and operations), industrial adhesives, sealants and lubricants.

Drivers & Restraints in the Industrial Adhesives Market

The demand for sustainable, low-VOC, environmentally friendly adhesives is increasing, especially in emerging economies. To meet this growing demand, suppliers are focusing on the development of industrial adhesives from renewable materials of plant and animal origin, such as oysters, mussels and starch, and low VOC materials. , such as recycled denim. These eco-friendly adhesives are easier to recycle, emit fewer solvents and cost less than synthetic adhesives. The demand for water-based adhesives is also high due to their low VOC content. The growing adoption of eco-friendly adhesives is identified as one of the major trends that will positively impact the growth of the industrial adhesives market in the coming years. Preference for industrial adhesives is increasing over conventional methods for bonding applications in various end user industries including construction, packaging, aerospace, electronics, consumer durables and others heavy industries. Industrial adhesives offer better performance and product performance than conventional methods such as mechanical clamping, welding and other bonding methods. Adhesive bonding also eliminates the risk of corrosion, high heat input requirements as in welding and brazing, and product damage as in the case of rivets or screws. In addition, the adhesive bond provides superior stress distribution, a finished appearance and strength performance. These factors are driving the demand for adhesives in industrial applications.

The highly competitive nature of the industry, coupled with the trend towards globalization, undermines the long-term prospects enhanced by mergers and acquisitions, which have affected participants along the value chain.

Industrial Adhesives Market Market Segmentation as per the research report.

Industrial Adhesives Market - By Material Base

  • Synthetic
  • Natural

Industrial Adhesives Market - By Composition

  • Acrylic
  • Starch and Dextrin
  • Vinyl
  • Epoxy Resins
  • Rubber
  • Polyolefin Polymers
  • Amine-based resins
  • Others

The acrylic compositions segment of the market accounted for the largest share in 2015 and is expected to continue to dominate during the forecast period. This growth is mainly attributed to the increased demand for acrylic from the packaging industry. In addition, its physical attributes such as cohesion, adhesion, viscosity, resistance to high sunlight and water / humidity, and the ability to withstand temperature fluctuations contribute to the growth of the acrylic segment.

Polyvinyl acetate is expected to exhibit medium growth due to its properties such as strong boiling and temperature resistance. Its superior bond strength coupled with improved creep resistance makes it suitable for use in the furniture manufacturing and packaging industry.

Epoxy adhesives are mainly used in the automotive industry. They are mainly used in automotive bodies due to their high mechanical strength and adhesion to metals and their resistance to heat and corrosion. The aforementioned advantages of epoxy adhesives are likely to drive demand for the product for years to come.

Industrial Adhesives Market - By Type

  • Water-based Adhesives
  • Solvent-based Adhesives
  • Hot-Melt Adhesives
  • Pressure Sensitive Adhesives
  • Others

The water-based segment accounted for the majority of the market in 2020. In terms of bonding technology, industrial adhesives are available in hot melt, UV curing, pressure sensitive, solvent based and water based adhesive formulations. Water-based adhesive formulations are expected to remain dominant during the forecast period. These products offer superior stability, initial adhesion and long life, as well as resistance to aging and moisture. In addition, these products are safer in terms of environmental impact and minimal allergy risk.

Industrial Adhesives Market - By End-Use 

  • Pressure Sensitive Products
  • Packaging Industry
  • Construction & Woodworking Industry
  • Transportation Industry
  • Others

The end-use packaging industry segment recorded the highest consumption of industrial adhesives in 2020. Industrial adhesives are used in paper, packaging, health and hygiene, food manufacturing glass, furniture and metalwork, footwear, electronics, consumer goods, construction, and the automotive and aerospace sectors Demand from the packaging sector is a major contributor to the market, driven by raw materials and in the food and beverage sector. Solvent-free options are expected to gain traction in the industry in the near term.

Industrial Adhesives Market - By Region

The Asia-Pacific region was the main region and accounted for 45.7% of the total volume in 2020. Large auto companies have moved their production facilities to countries like China, India, Thailand and Vietnam due to cheap labor and favorable government regulations. Rising per capita income for the middle class in countries like China and India is expected to boost car sales over the next seven years. These factors are expected to stimulate product consumption in the coming years.

The furniture market in the region is expected to grow at a rapid rate in the coming years due to increasing real consumer income, population growth and urbanization. According to the World Bank, the global organized furniture is expected to increase by 25% per year. The growth is attributed to the rapid growth of the Asia-Pacific consumer markets, particularly in India. This will likely stimulate demand for products in the years to come.

In North America, growing demand from the packaging industry is expected to continue to be a key driver of market growth during the forecast period. The evolution of consumer preferences towards convenience, long shelf life, fast service and portability of products is attributable to the growth of the packaging industry, which consumes a large amount of industrial adhesives. This is likely to stimulate the growth of the market for years to come.

Europe is expected to post a 5.8% CAGR, in terms of revenue, during the forecast period. The automotive industry represents 5% of the region's GDP. The production of motor vehicles in the region increased by 4.6% between 2016 and 2020. The increase in automobile production, in turn, is expected to boost the use of industrial adhesives in the coming years.

Industrial Adhesives Market Key Players

Some of the key players in the global industrial adhesives market are

  1. Solvay (US),

  2. Avery Dennison Corporation (US)

  3. Henkel AG & Co. KGaA (Germany)

  4. Hitachi Chemical Co. Ltd (Japan)

  5. Lord Corporation (US)

  6. Mitsubishi Chemical Corporation (Japan)

  7. DowDuPont (US)

  8. Bostik (US)

  9. BASF SE (Germany)

  10. 3M (US)

  11. Pidilite Industries Ltd (India)

  12. H.B. Fuller Company (US)

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Type                            

                              5.1.1 Introduction           

                              5.1.2 Water-based Adhesives     

                              5.1.3 Solvent-based Adhesives   

                              5.1.4 Hot-Melt Adhesives             

                              5.1.5 Pressure Sensitive Adhesives           

                              5.1.6 Y-o-Y Growth Analysis, By Type      

                              5.1.7 Market Attractiveness Analysis, By Type     

                              5.1.8 Market Share Analysis, By Type      

               5.2 Material Base                           

                              5.2.1 Introduction           

                              5.2.2 Synthetic  

                              5.2.3 Natural     

                              5.2.4 Y-o-Y Growth Analysis, By Material Base    

                              5.2.5 Market Attractiveness Analysis, By Material Base   

                              5.2.6 Market Share Analysis, By Material Base    

               5.3 Composition                             

                              5.3.1 introduction           

                              5.3.2 Acrylic       

                              5.3.3 Vinyl          

                              5.3.4 Rubber      

                              5.3.5 Amine- based resins            

                              5.3.6 Starch and Dextrin

                              5.3.7 Epoxy Resins          

                              5.3.8 Polyolefin Polymers            

                              5.3.9 Others      

                              5.3.10 Y-o-Y Growth Analysis, By Composition    

                              5.3.11 Market Attractiveness Analysis, By Composition   

                              5.3.12 Market Share Analysis, By Composition    

               5.4 End-Use Industry                     

                              5.4.1 Introduction           

                              5.4.2 Packaging Industry              

                              5.4.3 Transportation Industry     

                              5.4.4 Pressure Sensitive Products             

                              5.4.5 Construction & Woodworking         

                              5.4.6 Others      

                              5.4.7 Y-o-Y Growth Analysis, By End-Use Industry              

                              5.4.8  Market Attractiveness Analysis, By End-Use Industry           

                              5.4.9 Market Share Analysis, By End-Use Industry             

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Type

                                             6.1.3.3 By Material Base

                                             6.1.3.4 By Composition

                                             6.1.3.5 By End-Use Industry

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Type

                                             6.1.4.3 By Material Base

                                             6.1.4.4 By Composition

                                             6.1.4.5 By End-Use Industry

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Type

                                             6.1.5.3 By Material Base

                                             6.1.5.4 By Composition

                                             6.1.5.5 By End-Use Industry

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Henkel AG & Co. KGaA                          

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Mitsubishi Chemicals Corporation                    

               8.3 Sika AG                        

               8.4 3M Company                            

               8.5 The Dow Chemical Company                             

               8.6 Pidilite Industries Ltd.                           

               8.7 H.B.Fuller                   

               8.8 Huntsman Corporation                         

               8.9 Ashland Inc.               

               8.10 BASF SE                    

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of market by type, by material , by application along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Industrial Adhesives Market By Region, From 2021-2026+ ( USD Billion )

  2. Global Industrial Adhesives Market By Type, From 2021-2026+ ( USD Billion )

  3. Global Water-based Adhesives Market By Region, From 2021-2026+ ( USD Billion )

  4. Global Solvent-based Adhesives Market By Region, From 2021-2026+ ( USD Billion )

  5. Global Hot-Melt Adhesives Market By Region, From 2021-2026+ ( USD Billion )

  6. Global Pressure Sensitive Adhesives Market By Region, From 2021-2026+ ( USD Billion )

  7. Global Industrial Adhesives Market By Material Base, From 2021-2026+ ( USD Billion )

  8. Global Synthetic Market By Region, From 2021-2026+ ( USD Billion )

  9. Global Natural Market By Region, From 2021-2026+ ( USD Billion )

  10. Global Industrial Adhesives Market By Composition, From 2021-2026+ ( USD Billion )

  11. Global Acrylic Market By Region, From 2021-2026+ ( USD Billion )

  12. Global Vinyl Market By Region, From 2021-2026+ ( USD Billion )

  13. Global Rubber Market By Region, From 2021-2026+ ( USD Billion )

  14. Global Amine- based resins Market By Region, From 2021-2026+ ( USD Billion )

  15. Global Starch and Dextrin Market By Region, From 2021-2026+ ( USD Billion )

  16. Global Epoxy Resins Market By Region, From 2021-2026+ ( USD Billion )

  17. Global Polyolefin Polymers Market By Region, From 2021-2026+ ( USD Billion )

  18. Global Others Market By Region, From 2021-2026+ ( USD Billion )

  19. Global Industrial Adhesives Market By End-Use Industry, From 2021-2026+ ( USD Billion )

  20. Global Packaging Industry Market By Region, From 2021-2026+ ( USD Billion )

  21. Global Transportation Industry Market By Region, From 2021-2026+ ( USD Billion )

  22. Global Pressure Sensitive Products Market By Region, From 2021-2026+ ( USD Billion )

  23. Global Construction & Woodworking Market By Region, From 2021-2026+ ( USD Billion )

  24. Global Others Market By Region, From 2021-2026+ ( USD Billion )

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