DALLAS, July 14, 2015 /PRNewswire/ --
The report "Adhesive Resin Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020" published by MarketsandMarkets, The global value of Adhesive Resin Market is projected to reach $14,387.78 Million by 2020, growing at a CAGR of 4.88% between 2015 and 2020.
Browse 131 market Tables and 57 Figures spread through 230 Pages and an in-depth TOC on "Adhesive Resin Market".
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The market report analyzes the global adhesive resin market with respect to market drivers, restraints, opportunities, and challenges in different regions.
The adhesive resins market is dominated by respective global players along with the presence of a few regional players in the key growth markets. The Asia-Pacific region is the largest market, followed by North America in the global adhesive resins industry.
The key companies in this market are E.I. du Pont de Nemours and Company (U.S.), Arizona Chemical (U.S.), Georgia-Pacific Chemicals (U.S.), L.D. Davis Industries, Inc. (U.S.), Resinall Corporation (U.S.), Mitsui Chemicals America, Inc. (U.S.), Dymax Corporation (U.S.), Ashland Inc. (U.S.), Mitsubishi Chemical (Japan), Lawter (U.S.), United Resin Corporation (U.S.), Cemedine Co., LTD, (Japan), Polyols & Polymers (India), Eastman Chemical (U.S.), ExxonMobil Chemical (U.S.), Yparex B.V. (Netherlands), and Cray Valley (U.S.); they are the most active and major players in the adhesive resins market.
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The global value of adhesive resin market is projected to reach $14,387.78 Million by 2020, growing at a CAGR of 4.88% between 2015 and 2020. New product launches was the key strategy adopted by industry players in order to achieve growth in the adhesive resins market. This strategy accounted for one-third of all growth strategies adopted by market players. The moderate demand for adhesive resins as well as the growing demand for the adhesives in the automotive industry has encouraged companies to adopt this strategy. Market players are focusing on entering new markets by acquiring companies thus, enhancing their adhesive resins product portfolio for different applications.
Besides mergers and acquisitions, companies adopted the strategy of investment & expansion in order to expand their market share and distribution network. This strategy also accounted for a quarter of the total number of growth strategies adopted by players in the adhesive resins market between 2010 and 2015.
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