United States, Rockville MD, June 20, 2022 (GLOBE NEWSWIRE) -- A recently published report by Fact.MR forecasts that the global adhesives market is expected to document a CAGR of 5% from 2022 to 2032. As per the report, demand for adhesives is poised to be valued at over US$ 100 Billion by the end of the said period of assessment. Extensive applications as a binding agents across various industries is expected to stimulate market demand in forthcoming years.
During the 2015-2021 historical period, the industry experienced an incline of 4.8% in value CAGR terms, closing at a valuation of US$ 63 Billion. Growth in the packaging, construction & woodworking, and transportation end-use industries, as well as technological advancements, have all contributed to the expansion of the industrial adhesives market over the years.
For Critical Insights on Adhesives Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=5343
Due to strict environmental policies, bio-based alternatives are being developed. Soybean-derived polyols, vegetable oil-based polyamides, polyisoprenes, and epoxies are the major bio-based adhesives that will see increased sales and production during the forecast period.
Which Application area Accounts for Bulk of Adhesives Market Revenue?
The building and construction segment dominates the market, accounting for 19.5% of total market revenue. The building and construction industry is on an upward trend, with significant revenue gains being reported on a regular basis. As a result, demand for building elements is increasing, increasing the demand for sealants and fueling the market growth.
These are used in a variety of applications, including flooring, glazing, walls, ceilings, and windows, and the market will grow as the building and construction industry expands. Automotive and transportation, consumer, and other major applications are also important. The automotive and transportation segment of Adhesives market is expected to grow rapidly, owing to an increase in demand for lightweight, efficient, and eco-friendly vehicles.
Why are Water-based Adhesives Surging in Popularity?
The water-based segment accounts for a sizable market share. These materials are either supplied as a pre-mixed solution or as a dry powder that producers and distributors mix with water to obtain adhesive properties.
Because the polymer in water-based products is water-soluble, the bond formed between them is more susceptible to moisture and water. Water-based adhesives are more flexible, cost-effective, and come in a wider range of colors than other adhesives, making them useful in a variety of industries such as packaging, paper, plastic, and fabric. Water-based adhesives will hold a high market share over the upcoming decades.
To learn more about Adhesives Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=5343
Key Segments Covered in the Digital Transaction Management Industry Survey
- Adhesives by Type :
- Water Based Adhesives
- Solvent Based Adhesives
- Hot Melt Adhesives
- Reactive Adhesives
- Pressure Sensitive Adhesives (PSA)
- Other Adhesive Types
- Water Based Adhesives
- Adhesives by Application :
- Adhesives for Packaging
- Adhesives for Building/Construction
- Adhesives for Transportation
- Adhesives for Footwear & Leather Goods
- Adhesives for Product Assembly
- Adhesives for Consumer/DIY Applications
- Adhesives for Other Applications
- Adhesives for Packaging
- Adhesives by Product :
- Acrylics-based Adhesives
- Epoxy-based Adhesives
- Polyvinyl Acetate (PVA)-based Adhesives
- Polyurethane (PU)-based Adhesives
- Styrenic Blook-based Adhesives
- Other Adhesive Products
- Acrylics-based Adhesives
Competitive Landscape
The global adhesives market is a cutthroat one. The market is being driven by a shift in preference from traditional methods to high-performance adhesives. This has also resulted in the entry of numerous startups into the global market, increasing its competitiveness. Leading players are increasingly focusing on research and development in order to meet the needs of end-use industries with adhesives suitable for all applications.
- GE Sealants & Adhesives introduced a new nine-product line of Siliconized Acrylic Latex caulks and sealants in January 2020 to protect painting projects of inside and outside home renovation, including painting & sealing, bath & kitchen, and doors & windows.
- Bostik, an adhesive specialist for consumer, construction, and industrial markets launched a modified and innovative silicone sealant for back bedding applications in September 2019.
- Huntsman Corporation completed the acquisition of Gabriel Performance Products (Gabriel) from Audax Private Equity in January 2021. Gabriel is a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end markets.
Get Customization on Adhesives Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5343
Key players in the Adhesives Market
- 3M
- Arkema S.A.
- Henkel Corporation
- Ashland Inc.
- Avery Dennison
- BASF SE
- Evonik Industries
- H.B. Fuller Company
Key Takeaways from Adhesives Market Study
- Global adhesives market is expected to reach a valuation of US$ 63 Billion by 2022-end
- By application, building/construction to remain primary beneficiary, accumulating 19.5% revenue
- By type, water-based adhesives to experience noteworthy uptake in forthcoming years
- North America to be an opportunistic growth market, flourishing at a CAGR of over 5.5%
- Europe to document a CAGR of 3.2% with respect to adhesives sales until 2032
- Over 2/5th of global adhesives revenue to be accounted for by the Asia Pacific market
Fact.MR’s Domain Expertise in Chemicals and Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore More Chemical and Materials Industry Reports:
Europe Ductile Iron Pipes Market- The ductile iron pipes market in Europe has reached a valuation of US$ 1.16 billion in 2022. Projections are that ductile iron pipe sales across the region will increase at a CAGR of 3.4% to push the market to US$ 1.63 billion by the end of 2032.
Hyaluronic Acid Market- Sales of hyaluronic acid are predicted to increase at a CAGR of 7.9% from 2022 to 2032, At present, the global hyaluronic acid market stands at a valuation of US$ 11.31 billion and is estimated to rake in revenue worth US$ 24.11 billion by the end of 2032.
Europe Alkyl Polyglucoside Market- During the projected period, the Europe alkyl polyglucoside market is predicted to grow at a CAGR of 5% across the 2022-2032 period of assessment. By the end of the said forecast duration, a market valuation worth US$ 700 Million is projected. As of 2021, the market was valued at US$ 430 Million, which is expected to rise to US$ 450 Million by 2022-end, reflecting a Y-o-Y increase of 4.6%.
Europe High Temperature Coatings Market- Consumption of high temperature coatings across Europe is estimated to reach a value of US$ 2.15 billion by the end of 2032, up from US$ 1.46 billion at present, expanding at a CAGR of 3.9% during the forecast years of 2022-2032.
Bioinspired Materials Market- The global sales of the Bioinspired Materials in 2021 was held at US$ 40.1 Bn. With 5.7%, the projected market growth during 2022 - 2032 is expected to be slightly lower than the historical growth. Revenue through Medical application is expected to be the highest revenue generator, with a projected CAGR of over 7% during 2022 – 2032.
Chameleon Inspired Polymers Market- The global sales of the Chameleon-inspired Polymers in 2021 were held at US$ 850 Million. With 12%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. The Shape Memory Polymers is expected to be the highest revenue-generating category, projected to register an absolute dollar opportunity of US$ 1.6 Billion during 2022 – 2032.
Coupling Agents Market- The global sales of Coupling Agents in 2021 was held at US$ 519.4 Million and is projected to reach US$ 812.1 Million by the end of 2032. With 4.2%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth.
Diesel Oxidation Catalysts Market- The global market for Diesel Oxidation Catalysts, which was anticipated to be worth US$ 1.4 Bn in 2022, is expected to rise to US$ 2.8 Bn by 2032, at a CAGR of 2.9% throughout the analysed period.
Glutathione Agarose Resin Market- The global Glutathione Agarose Resin market is estimated at US$ 332.6 Mn in 2022 and is projected to reach a valuation of US$ 1.3 Bn by 2032, expanding at a CAGR of 7% through the forecast period of 2022-2032.
Oleate Esters Market- Newly-released Oleate Esters Market analysis report by Fact.MR shows that global sales of Oleate Esters Market in 2021 were held at US$ 1.8 Bn. Oleate Esters Market is projected to reach valuation of US$ 3.3 Bn, expanding at a CAGR of 5.8% by 2032.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter
