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Introduction
Any substance that is applied to the surface of the material to bind together is known as adhesives. Adhesives used for industrial purposes are industrial adhesives. The first industrial adhesive was used with the creation of the first glue factory in Holland in 1690. Pigments, fillers, plasticizers and other additives are mixed with base materials such as natural rubber, starch, synthetic polymer, polyvinyl acetate and neoprene to form industrial adhesives. Adhesives offer enormous advantages to industrial work by fixing materials of different shapes and sizes. Industrial adhesives also provide corrosion resistance by reducing the weight of products. Natural polymers and synthetic polymers are the main raw materials for industrial adhesives.
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Market Dynamics
The rapid growth of the US $ packaging, the automobile, the construction of infrastructure and carpentry are the determining factors of the growth of the market of industrial adhesives. Technological progress for better industrial adhesive products will also drive the industrial adhesives market in the coming years. Technological progress is also likely to influence the cost of industrial adhesive products. Government regulations concerning the production of products containing less VOCs (Volatile Organic Compounds) hinder the growth of the industrial adhesives market. Fluctuating commodity prices for industrial adhesives are also hindering market growth. Other restrictive factors for the growth of industrial adhesives include huge investments required for the R & D of new products containing less VOCs. The sudden demand for light vehicles emitting less VOCs is a major opportunity for industrial adhesives in the coming years.
Customization of Application: https://www.acumenresearchandconsulting.com/request-customization/422 [19659002] Clbadification and Market Overview
The World Market for Industrial Adhesives may be segmented based on composition, type, end-use industry and geography. Acrylic, vinyl, epoxy resins, polyolefin polymers, rubber and amine resins are the various industrial adhesives based on the composition. Solvent-based adhesives, pressure-sensitive adhesives, water-based adhesives, hot melt adhesives and others are the types of industrial adhesives used in all industries. End-use industries include the packaging industry, the construction and wood industry, the automotive industry, energy and utilities, the Electricity and electronics and industrial badembly. Based on the composition, the acrylic segment dominated the industrial adhesives market in 2015 and is also expected to experience the strongest growth over the forecast period due to the growing demand from the industry. ;packaging. Other growth factors include its properties such as viscosity, resistance to moisture and heat, high adhesion and high fastness. Based on the type, the water-based segment accounted for the largest share in the industrial adhesives market as the segment offers excellent strength and reduced emissions from automobiles. Water-based adhesives also comply with government regulations regarding low VOC emissions into the environment. Among the end-use industries, the packaging industry was the leading segment of industrial adhesives in 2015. The packaging industry uses industrial adhesives for the industry. packaging of various products such as vegetables, seafood, cosmetics, furniture and poultry. Adhesives are segmented into regions such as North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa (MEA) . The Asia-Pacific has been the largest market for industrial adhesives, in terms of value and volume, in 2015. A growing number of production facilities around the world; increasing investments of foreign companies; Strong industrial base in the sector of infrastructure construction and the rise of living standards are the main factors explaining the growth of the market of industrial concrete adhesives in this region. The demand for industrial adhesives in regions like North America and Europe is expected to increase in the coming years because of the heavy investments made by major manufacturers for the development of alternatives biobased. In the LAMEA region, the market for industrial adhesives will grow due to the intensification of construction activities in countries such as Brazil, the United Arab Emirates, Saudi Arabia and parts of the United Arab Emirates. Africa
| Time of Analysis | 2014 – 2024 |
| Historical Data | 2014 – 2015 |
| Year Based | 2016 |
| Forecast Data | 2017 – 2024 |
| Market Stratification | End-Use Industry, Geography |
| Regional Scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
| Market Trends, Drivers, Constraints, Porter's Five Force Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
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Market Participants
Companies in this market are focused on the R & D of adhesives from sources bio-sourced to meet government regulations on the production of adhesives ind low VOC emissions. Among the players involved in the manufacture and supply of industrial adhesives include Pidilite Industries Limited, HB Fuller, Huntsman Corporation, Henkel AG & Company, 3M Company, Dow Chemical Company, Sika AG, BASF SE, Solvay Group and EI Du Bridge. De Nemours and Company
Segmentation of the Market
Market by Composition
Acrylic
Vinyl
Epoxy Resins
Polymers of Polyolefins
Rubber
] Amine Based Resins
Marketed By Type
Solvent Based Adhesives
Pressure Sensitive Adhesives
Water Based Adhesives
Hot Melt Adhesives
Other
Market by End Use Industry [19659002] Packaging Industry
Construction and Wood Industry
Automotive Industry
Energy and Utilities
Electricity and Electronics
Industrial Assembly
Market by Geography
North America
o US [19659009] o Canada [19659009] o Mexico
Europe
o United Kingdom
o Germany
] o France
o Rest of l & # 3 9 Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of the Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA) [19659009] o South Africa
o Saudi Arabia
o Rest of MEA
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