Transformative Trends Impacting the Reactive & Other Adhesives Market Landscape: Adhesive Industry Embraces IOT For Enhanced Manufacturing Processes

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How Large Will the Reactive & Other Adhesives Market Size By 2025?
The size of the reactive & other adhesives market has seen substantial growth in the past few years. The market is projected to expand from a value of $12.49 billion in 2024 to $13.46 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. This historic period's growth can be ascribed to factors such as industrial manufacturing, progress in material science, developments in construction and infrastructure, and advancements in electronics and microelectronics.

How Big Is the Reactive & Other Adhesives Market Size Expected to Grow by 2029?
The market size for reactive and other adhesives is predicted to experience robust expansion in the next several years, reaching the mark of $17.55 billion by 2029. This growth, which is expected to observe a compound annual growth rate (CAGR) of 6.9%, can be credited to factors like increased production of electric vehicles (EV), rising demand for renewable energy, customized formulations, and advancements in medical devices and healthcare. Key trends for the forecast period encompass the adoption of green and sustainable adhesives, the surge in miniaturization and microbonding processes, expansion of 3d printing and additive manufacturing, as well as the development of smart adhesives.

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Which Key Market Drivers Powering Reactive & Other Adhesives Market Expansion and Growth?
The growth of the automobile industry during the forecast period is expected to positively impact the adhesive market. An increase in the production of lightweight vehicles has created a surge in demand for adhesives and sealants. These materials are being used in lieu of welded joints, mechanical fasteners, and gaskets, leading to a reduction in automobile weight. In 2023, the global automotive industry witnessed significant growth according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international automobile manufacturers association. Vehicle production escalated to 93546599 units, indicating a substantial increase from the 85016728 units produced the year prior in 2022. Therefore, the growing demand in the automobile industry boosts the growth of the recreative and other adhesives market.

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Which Fast-Growing Trends Are Poised to Disrupt the Reactive & Other Adhesives Market?
Numerous companies in the adhesive industry are implementing IoT (Internet of Things) innovations to link machinery and intelligent devices, allowing them to gain real-time data and identify deficiencies in their manufacturing processes. This amassed data is subsequently processed, scrutinized, and interpreted by factory superintendents and top-tier executives to enhance quality and accomplish maximum production volumes. As an illustration, intelligent systems provide details about the operational status and productivity of chemical reactors equipped with inbuilt software and analytical tools, alerting factory operators and managers about potential equipment malfunctions. Major companies such as BASF SE, The Dow Chemical Company, and H.B. Fuller are amongst those adopting IoT.

What Are the Emerging Segments in the Reactive & Other Adhesives Market?
The reactive & other adhesives market covered in this report is segmented -

1) By Type: Epoxy, Acylic, Silicone, Polyurethane, Other Types
2) By Additive: Polyurethane, Acrylic, Silicone, Vinyl, Epoxides, Other Additives
3) By Application: Building And Construction, Automotive And Transportation, Power, Electrical And Electronics, Other Applications

Subsegments:
1) By Epoxy: One-Component Epoxy Adhesives, Two-Component Epoxy Adhesives
2) By Acrylic: Structural Acrylic Adhesives, Anaerobic Acrylic Adhesives
3) By Silicone: One-Part Silicone Adhesives, Two-Part Silicone Adhesives
4) By Polyurethane: Reactive Hot Melt Polyurethane Adhesives, Non-Reactive Polyurethane Adhesives
5) By Other Types: Cyanoacrylate Adhesives, Hybrid Adhesives

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Who Are the Global Leaders in the Reactive & Other Adhesives Market?
Major companies operating in the reactive & other adhesives market include BASF SE, 3M Company, Adco Global Inc., Adhesives Research Inc., American Biltrite Inc., Avery Dennison Corporation, Chemence Inc., Collano Adhesives AG, Dow Chemical Company, H.B. Fuller Company, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, KMS Adhesives Limited, Arkema SA, Henkel AG & Co. KGaA, Pidilite Industries Limited, Sika AG, Ashland Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Master Bond Inc., Franklin International Inc., Hexion Inc., LORD Corporation, Dymax Corporation, RPM International Inc., Royal Adhesives & Sealants LLC, Scott Bader Company Ltd., Soudal NV, Toyo Ink SC Holdings Co. Ltd., Wacker Chemie AG, Bostik SA, Dynea AS, EMS-Chemie Holding AG, Evonik Industries AG, Hernon Manufacturing Inc., ITW Performance Polymers & Fluids, JX Nippon ANCI Inc., L&L Products Inc.

Which are the Top Profitable Regional Markets for the Reactive & Other Adhesives Industry?
Asia-Pacific was the largest region in the reactive and other adhesives market in 2023. North America was the second-largest region in the global reactive & other adhesives market. The regions covered in the reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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