Adhesives Market with COVID-19 Impact Analysis 2020 | 3M Company, Henkel, Sika AG, Dow Chemical Co, BASF

Global Adhesives Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

According to the study, the global adhesives market is expected to decline from $63.4 billion in 2019 to $61.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $61.3 billion in 2023.

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Key Players:

3M; Henkel; Sika AG; Dow Chemical Co; BASF, request sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

The Asia Pacific was the largest region in the global adhesives market, accounting for 46% of the market in 2019. North America was the second largest region accounting for 25% of the global adhesives market. Africa was the smallest region in the global adhesives market.

Adhesives are being developed to increase the efficiencies of engineers and to increase assembly and processing speed. Since mechanical fasteners do not allow expansion or contraction of joined materials during temperature variations, adhesives are being used to accommodate movements caused by thermal expansion of substrates even after they are fully cured. Adhesives are being used to join composites instead of fasteners because drilling holes can damage composites which lead to loss of time and money.

The adhesives manufacturing market consists of the sales of adhesives, glues, and caulking compounds by entities (organizations, sole traders, or partnerships) that produce adhesives, glues, and caulking compounds.

Markets Covered:
1) By Type: Water-Based; Solvent-Based; Hot-Melt-Based; Reactive & Others
2) By Application: Packaging; Construction; Laminates, Woodstock and Furnishing; Automobile; Footwear; Others
3) By Product Type: Acrylic; PVA; Polyurethanes; Styrenic Block; Epoxy; EVA; Others

Market Segment by Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.

The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.

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Frequently Asked Questions about “Adhesives market” :

What will the Adhesives market size/ forecast be in 2025?
What is the growth rate (CAGR) of the Adhesives market?
Who are the key players/top companies in the Adhesives market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Adhesives market?
What are the challenges to growth and the new opportunities in the Adhesives market?
Which is the highest growing region or country for the Adhesives market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?
Where is the largest and fastest-growing market for the adhesives?
How does the market relate to the overall economy, demography, and other similar markets?
What forces will shape the market going forward?

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.