Industrial Adhesives Market: Overview
A variety of formulations based on polymeric chemistry have enriched the product portfolio in the industrial adhesives market. Industrial adhesives are used in a wide range of industries, most notably in the automotive, packaging, and paper industries. A number of VAE (EVA) copolymers and bonding technologies have attracted attention of providers of industrial adhesives. Salient features of these include excellent bonding and curing, high strength, and elasticity. Advances made in resin chemistry have enabled end-use industries gain access to new and improved formulations. Other required characteristics are reduced waste, high fatigue and thermal resistance, and versatility of substrates.
The study on the industrial adhesives market takes a closer look at the currently available formulations and the product portfolio of key products. The research also takes a closer look at the major research and development avenues and key investment pockets. The research analysts make a detailed and in-depth segmentation and presents a data-based evaluation of avenues in leading regional markets. The study also highlights trends that are expected to open new avenues in emerging markets. It offers value-chain analysis of top players and the barriers to entry during the forecast period of 2020 – 2030.
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Industrial Adhesives Market: Key Trends
The demand for new adhesive technology for the automobile and paper and packaging industries is a key trend boosting the prospects in the industrial adhesives market. Other emerging applications are in developing packaging solutions for pharmaceuticals, food and beverages, and cosmetics industries.
The growing demand for high-performing adhesives for the automotive sector is a key trend boosting the industrial adhesives market. The demand for multi-purpose adhesives that meet the requirements of food labelling, packaging, and transportation is a key trend boosting the market. The industrial adhesives market is also making strides on the back of the demand for multi-purpose adhesives for meeting the needs of bonding e-commerce packaging.
The growing demand for custom formulations is a key aspect which has expanded the avenue for adhesive developers in the industrial adhesives market. Such formulations are attracting massive interest among aerospace industries, since they are committed to increase customer safety. The market has also been seeing new opportunities for transportation adhesives.
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Industrial Adhesives Market: Competitive Development Analysis and Key Developments
A number of providers in industrial adhesives market are keen on meeting a wide range of demand coming from the packaging sector. The sector alone is a vast untapped avenue which attracts steady investments by several players, since the bonding needs are versatile. They are constantly engaging in research and developments on resin chemistry to come out with improved characteristics, such as waterproofing, glazing, sealing, and aesthetic properties.
Top players in industrial adhesives market have been successful in meeting advanced bonding needs of tape suppliers. They have also consolidated their shares by constantly expanding their product portfolio. Aspiring players are keen on offering value-added bonding solutions in the industrial adhesives market.
Some of the key players in the industrial adhesives market are Toyo Polymer Co. Ltd., DuPont de Nemours, Inc., Bayer Product Science, Dow Chemical Co, Mitsubishi Chemicals Corporation, Hitachi Chemical Company Ltd., Cytec Industries Inc., and Henkel AG & Co.
Industrial Adhesives Market: Regional Assessment
On the regional front, industrial adhesives market are expected to see new steady avenues in North America. A key source of revenue streams comes from the packaging sector. Europe has offered substantially lucrative avenues to adhesive developers for the past few years. The revenue generation has been contributed mainly by the application of industrial adhesives in the automotive sector. The end-use industry is expected to continue adding revenue streams in the Europe market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.