Plastic Adhesives Market is Forecasted to Reach US$ 9.8 Billion in 2030, Says Stratview Research

The global plastic adhesives market is projected to witness a growth rate of 5.5% annually from 2024 to 2030 with an anticipated size of US$ 9.8 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global plastic adhesives market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 9.8 billion
Growth (CAGR): 5.5% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Plastic Adhesives Market:

The global plastic adhesives market is segmented based on resin type, substrate type, application type, and region.

Based on resin type - The plastic adhesives market is segmented into epoxy, PU, acrylic, silicone, MMA, cyanoacrylate, and others. Epoxy is expected to remain the dominant resin type in the market during the forecast period. Epoxy resins are widely used due to their excellent adhesion, chemical resistance, and versatility in bonding various substrates owing to their strong, durable bond suitable for a wide range of applications from electronics to construction. PU resins are experiencing rapid growth due to their flexibility, durability, and moisture resistance owing to increasing demand in automotive, construction, and flexible packaging industries where resilience and performance under diverse conditions are critical.

Based on substrate type - The market is segmented into PE, PP, and PVC. PE substrate is expected to witness the fastest-growing substrate type in the market during the forecast period. PE is the largest segment in plastic adhesives, used in a wide array of industries for their applications. Owing to its lightweight, tough, and optimum crystalline structure for many diversified applications. Extensively used in such fields as packaging, automotive components, electrical insulation, and various plastic parts and films. Ethylene monomers undergo additional or free-radical polymerization, with the use of various catalysts, like Ziegler-Natta and Metallocene, to direct the structure and properties of the respective polymers.

Based on application type - The market is segmented into packaging, building & construction, automotive & transportation, assembly, and medical. Packaging is expected to remain the largest application for the Plastic Adhesives market during the forecast period. High demand for plastic adhesives in flexible packaging, labeling, and sealing due to their strong bonding, versatility, and suitability for various materials and conditions. Increasing consumer demand for packaged goods, advancements in packaging technologies, and the rise of e-commerce driving the need for efficient and durable packaging solutions.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3959/plastic-adhesives-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for Plastic Adhesives during the forecast period. This growth outlook is majorly attributed to the following-

• Asia-Pacific is the fastest-growing and the biggest market for plastic adhesives. Due to economic contraction and saturation in the European and North American markets, demand is consequently shifting to the APAC region.
• Regional growth can mainly be credited to high economic growth and attractive investments in packaging, automotive, building & construction, medical, and electronics industries.
• APAC is rapidly becoming the main global trade and commerce center. Several companies, including Henkel AG (Germany) and other key players, are either setting up new plants or expanding their plastic adhesives production units in the region because of low production costs and to cater to the local emerging market.
• In other words, growth in the plastic adhesives market will be influenced by the fact that countries like India and China are highly investing in many end-use industries.

Plastic Adhesives Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing trend in medical device manufacturing
• Growing demand in packaging and e-commerce industries

Top Companies in the Plastic Adhesives Market:

Stratview Research has identified the following companies as the top market players.
• Henkel AG (Germany)
• H.B. Fuller (US)
• Arkema (Bostik SA) (France)
• 3M Company (US)
• Sika AG (Switzerland)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Plastic Adhesives Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Automotive Adhesives Market: https://stratviewresearch.com/887/automotive-adhesives-market.html
• Construction Adhesives Market: https://stratviewresearch.com/3659/construction-adhesives-market.html

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This release was published on openPR.