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.
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