openPR Logo
Press release

The Global Adhesives Market to Reap $56.94 Billion by 2028

01-21-2021 01:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Adhesives Market

Global Adhesives Market

According to Triton’s report, the global adhesives market garnered $31.97 billion in 2020, and is set to showcase 5.71% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Adhesives Market,’ covers the Global Analysis and Forecasts by Application (Pressure Sensitive, Packaging, Construction, Furniture, Footwear, Automotive, Other Applications), by Product Type (Acrylic, Polyvinyl Acetate, Polyurethane, Styrenic Block, Epoxy, Ethylene Vinyl Acetate, Other Product Types), by Technology (Water-based, Solvent-based, Hot Melt, Reactive & Others), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Request Free Sample of the Global Adhesives Market Report @ https://www.tritonmarketresearch.com/reports/adhesives-market#request-free-sample

Triton’s report predicts the global adhesives market to chart a CAGR of 5.71% over the forecast period 2021-2028, and generate a revenue of $56.94 billion by the year 2028. It is also expected to depict growth with a CAGR of 4.60%, thereby amounting to 16670.62 kilotons in volume by the same time.

An adhesive is a compound that adheres or bonds two (or more) substrates together. This material has high strength, and is, therefore, used in the construction and automotive industries on a large scale.

Factors such as the growing demand for adhesives from the construction industry are significantly driving the demand for these materials. Also, they have found numerous applications in the packaging industry for various purposes. The growing adoption by several end-user industries is fueling the growth of the adhesives market in the coming years. On the flip side, the uncertainty in the prices of raw materials and the stringent rules & regulations are obstructing this growth process.

The market for adhesives is mainly categorized into application, product type, and technology. Based on application, it is divided into pressure sensitive, packaging, construction, furniture, footwear, automotive, and other applications. Whereas, based on product type, it is classified into acrylic, polyvinyl acetate, polyurethane, styrenic block, epoxy, ethylene vinyl acetate, and other product types. And considering technology, the market is categorized into water-based, solvent-based, hot melt, and reactive & others.

The market in the Asia-Pacific is expected to grow the fastest globally in the forecasted phase. Growth in the demand for automotive adhesives has been observed in the past decade, due to the high demand for developing fuel-efficient vehicles with lower emission and light weight. Besides, there has also been a substantial demand for adhesives from industries that manufacture aircraft, where they are used as a substitute to nuts and bolts in order to reduce the overall vehicle weight. Apart from that, the support from the government for infrastructural development is also augmenting the demand for adhesives. All the above-stated factors are aiding the growth of the studied market in the APAC region.

Momentive Performance Materials Inc (MPM), Arkema SA, Avery Dennison Corporation, Henkel AG & Co KGaA, RPM International Inc, Uniseal Inc, Eastman Chemical Company, BASF SE, Sika AG, 3M Company, HB Fuller Company, Huntsman Corporation, Beardow & Adams (Adhesives) Limited, Dow Chemical Company, Ashland Global Specialty Chemicals Inc, and Hexcel Corporation are the established players in this market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/adhesives-market#purchase-option

Question & Answer: Adhesives Market

Question 1: What factor is fueling the growth of the adhesives market in the coming years?

Answer: Factors such as the growing demand for adhesives from the construction industry are significantly driving the demand for these materials. Also, they have found numerous applications in the packaging industry for various purposes. The growing adoption by several end-user industries is fueling the growth of the adhesives market in the coming years.

Question 2: What factors are obstructing the adhesives market’s growth process?

Answer: The uncertainty in the prices of raw materials and the stringent rules & regulations are obstructing this growth process.

Question 3: Which region is expected to grow the fastest in the adhesives market?
Answer: The market in the Asia-Pacific is expected to grow the fastest globally in the forecasted phase. Growth in the demand for automotive adhesives has been observed in the past decade, due to the high demand for developing fuel-efficient vehicles with lower emission and light weight. Besides, there has also been a substantial demand for adhesives from industries that manufacture aircraft, where they are used as a substitute for nuts and bolts in order to reduce the overall vehicle weight. Apart from that, the support from the government for infrastructural development is also augmenting the demand for adhesives. All the above-stated factors are aiding the growth of the studied market in the APAC region.

Question 4: Which are the established players in the adhesives market?

Answer: Momentive Performance Materials Inc (MPM), Arkema SA, Avery Dennison Corporation, Henkel AG & Co KGaA, RPM International Inc, Uniseal Inc, Eastman Chemical Company, BASF SE, Sika AG, 3M Company, HB Fuller Company, Huntsman Corporation, Beardow & Adams (Adhesives) Limited, Dow Chemical Company, Ashland Global Specialty Chemicals Inc, and Hexcel Corporation are the established players in this market.

Related Report:

Global Paints & Coatings Market

The global paints & coatings market is set to exhibit growth in the forecasting years from 2019 to 2027. It will grow at a CAGR of 5.34% in terms of revenue, generating $229.71 billion by 2027. Also, it will showcase a CAGR of 4.30% in terms of volume, garnering 70970.22 kilotons by the same time.

In the aerospace industry, paints & coatings are used on a wide scale for numerous applications, including defense and commercial aviation. In a single aircraft, paints and coatings are used for purposes like interior paints & coatings systems, exterior topcoats, wing paints & coatings, anti-chafe paints & coatings, etc. They are also used to safeguard the exterior parts from high temperature, corrosion, and acid rain. Thus, the growing applications in the aerospace sector are anticipated to support the studied market growth.

On the other hand, the defense sector across the globe is expected to showcase immense growth in the coming few years. This is because governments in countries like the United States, China, India, Japan, the United Kingdom, France, are expected to substantially raise their defense budgets. With the growing threats to their national security, governments all over the world are equipping their armed forces with modern weapons and next-generation technologies. This is expected to aid in improving security and propel the demand for paints and coatings, in turn boosting the market growth.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global Adhesives Market to Reap $56.94 Billion by 2028 here

News-ID: 2228991 • Views: 238

More Releases from Triton Market Research

The Global Sepsis Diagnostics Market Estimated to Reap $900.7 Million in Revenue …
According to Triton’s report, the global sepsis diagnostics market, which attained $605.0 million in 2020, is likely to witness progress at 8.18% of CAGR by 2028. A recent study by Triton Market Research titled ‘Global Sepsis Diagnostics Market’ entails the Global Analysis and Forecasts by Technology (Microbiology, Immunoassay, Molecular Diagnostics, Other Technologies), Diagnostic Method (Automated Diagnostics, Conventional Diagnostics), Pathogen (Fungal Sepsis, Gram-Positive and Gram-Negative Bacterial Sepsis, Other Pathogens), Testing Type
The Global NASH Biomarker Market Calculated to Gain $3700.0 Million in Revenue b …
According to Triton’s report, the global non-alcoholic steatohepatitis (NASH) biomarker market, which garnered $772.4 million in 2020, is projected to observe growth at 21.28% of CAGR by 2028. A recent study by Triton Market Research titled ‘Global Non-Alcoholic Steatohepatitis (NASH) Biomarker Market’ comprises the Global Analysis and Forecasts by Industry Verticals (Hospital, Academic Research Key, Pharma & CRO Industry, Diagnostic Lab), Type (Oxidative stress Biomarker, Apoptosis Biomarker, Hepatic fibrosis Biomarker,
The Global Video Analytics Market Calculated to Obtain $11121.01 Million in Reve …
According to Triton’s report, in 2020, the global video analytics market garnered $4235.82 million, and is predicted to witness growth at a CAGR of 16.05% by 2028. A recent study by Triton Market Research titled ‘Global Video Analytics Market’ comprises the Global Analysis and Forecasts by Application (Government, Transport & Logistics, Commercial, Other Applications), Deployment (Cloud, On-premises), Software Types (Crowd Management Software, Detection Software [Object Detection Software, Motion Detection Software, Other
The Global Protective Clothing Market for EMS Calculated to Gain $4494.57 Millio …
According to Triton’s report, the global protective clothing market for emergency medical services, which gained $3750.69 million in 2020, is estimated to observe growth at 5.15% of CAGR by 2028. A recent study by Triton Market Research titled ‘Global Protective Clothing Market for Emergency Medical Services’ consist of the Global Analysis and Forecasts by Product (Protective Eyewear & Cleanroom Goggles, Aprons, Wipes, Suits/Coveralls, Gloves, Footwear & Overshoes, Face Masks and

All 5 Releases


More Releases for Adhesives

Global Laminating Adhesives Market
Global Laminating Adhesives Market – Analysis and Forecast 2018-2026 by Technology, Resin, End Use, and Region. Global laminating adhesives market is projected to grow from US$ 2.5 Bn in 2018 to US$ 4.9 Bn by 2026, at a CAGR of 8.78 % during the forecast. The increasing demand of low volatile organic compound and environmentally sustainable adhesives are a major driving factor of the global laminating adhesive market. Major end-user market of
Pressure Sensitive Adhesives Market
Pressure sensitive adhesives (PSAs) provide adhesion to dissimilar materials on application of pressure. They do not require heat, water or solvent to initiate bonding and fall into the category of dry adhesives. They can be used to affix materials such as plastics, wood, paper, metals and glass.  The advantages of using pressure sensitive adhesives are tackiness at room temperature, simple installation equipment, short curing times, peel resistance and shear resistance.
Light Cure Adhesive Market 2017 by Types Acrylic Adhesives Epoxy Adhesives and S …
A new and latest research report proposed by QYResearch Groups renders a market summary of the Light Cure Adhesive Market industry. This widespread analysis comprises of market potentials and challenges, scope of product, sales volume, market revenue, estimates and rate of growth. The report also digs into all the major market players across the globe. Global Light Cure Adhesive Market Competition by Top Manufacturers - 3M, LOCTITE (HENKEL), Dymax, DELO Industrial
Global Specialty Adhesives Market
The global specialty adhesives market was valued at USD XX million in 2016 and is projected to register an estimated CAGR of XX%, during 2017-2022 (the forecast period). The demand for specialty adhesives is driven by the growth in demand for specialty adhesives from automotive and medical sectors. Specialty adhesives used as bonds across various industries having their main uses in the automotive sector, hospitals, and construction activities. However, factors such
Global Solvent Borne Adhesives Market 2017 : Royal Adhesives & Sealants, DELO In …
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering - 3M - Dow Chemicals - Henkel AG & Co. - Sika AG - H.B. Fuller - Jowat AG - Arkema Group - Ashland - Royal Adhesives & Sealants - DELO Industrial Adhesives - Franklin International The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Solvent
Global Wood Adhesives and Binders Market - Adhesive Research, Royal Adhesives, A …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Wood Adhesives and Binders market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are