Published: Jul, 2018

The global market for adhesive is displaying a highly competitive business structure, finds a new research study by Transparency Market Research (TMR). Hipoalergic, Grupo Lamosa, Fitas Flax, Ellsworth Adhesives, Uniseal Inc., Ashland Inc., Bostik SA, BASF SE, Avery Dennison Corp., The Dow Chemicals Co., H. B. Fuller, The 3M Co., Henkel AG & Co. KGaA, and many more are the key stakeholders of the competitive landscape of this market, making it fragmented. The prominent companies are focusing on innovations and technological advancements to strengthen their position. Over the coming years, these players are anticipated to shift their focus towards business expansion in various regions, states the research report.

The research study states that the global adhesive market was worth US$34.3 bn in 2016. Expanding at a CAGR of 5.62% during the period from 2017 to 2025, the market is projected to reach US$55.8 bn by the end of the forecast period. Polyurethane, poly vinyl acetate (PVA), acrylic, epoxy, polyester, EVA, and rubber are the main product available in this market. Among these, the demand for acrylic adhesives is relatively higher and this trend is anticipated to remain so over the next few years, notes the market study.

global adhesive market

Asia Pacific to Retain Dominance

The research report further presents a regional assessment of the global market for adhesive, according to which, Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the main geographical segments of this market. Among these, Asia Pacific led the global market in 2016 with a market share of 30%. Researchers expect this scenario to remain same over the next couple of years. The main factor behind the dominance of the Asia Pacific market for adhesive is the presence of ample untapped opportunities in emerging economies of this region. Other regional markets are also projected to register a significant increase in the years to come, reports the market study.

Significant Rise in Demand to Support Market’s Growth

“The global market for adhesives is gaining significantly from the augmenting need for adhesives in a number of industrial verticals,’ says the author of this research study. Apart from this, the worldwide market is also benefiting from the rising deployment of stringent government regulations and policies, in order to minimize air pollution caused by burning of fuels, since adhesives are highly fuel efficient, states the market report.

The review is based on a report by Transparency Market Research, titled “Adhesive Market (Type - Water-based, Solvent-based, and Hot Melt; Product - Polyurethane, Acrylic, Poly Vinyl Acetate (PVA), Polyester, Rubber, Epoxy, and EVA; Application - Packaging (Flexible and Rigid), Construction, Automobile, Footwear and Leather, and Consumer) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025.”

The global adhesive market is segmented into:

By Type

  • Water Based
  • Solvent Based
  • Hot Melt
  • Others

By Product

  • Polyurethane
  • Acrylic
  • Poly Vinyl Acetate (PVA)
  • Polyester
  • Rubber
  • Epoxy
  • EVA
  • Others

By Application

  • Packaging
  • Flexible
  • Rigid
  • Construction
  • Automobile
  • Footwear & Leather
  • Consumer
  • Other

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com 

.