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Industrial Adhesives Market to Garner $54.9 Billion, Globally, By 2027 at 6.3% CAGR, Says Allied Market Research

Surge in demand from the packaging industry and growth of the automotive industry in developing regions drive the global industrial adhesives market.

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Allied Market Research

Mar 02, 2021, 08:20 ET

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PORTLAND, Ore., March 2, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Adhesives Market by Composition (Polyurethane, Epoxy, Vinyl, Acrylic, and Others), Type (Water-based Adhesives, Solvent-based Adhesives, Hot-melt Adhesives, and Others), and End-use Industry (Packaging Industry, Construction Industry, Automotive Industry, Electrical & Electronics, and Others: Global Opportunity Analysis and Industry Forecast 2020-2027." According to the report, the global industrial adhesives industry garnered $39.0 billion in 2019, and is expected to generate $54.9 billion by 2027, witnessing a CAGR of 6.3% from 2020 to 2027.

Drivers, restraints, and opportunities

Surge in demand from the packaging industry and growth of the automotive industry in developing regions drive the global industrial adhesives market. However, environmental regulations associated with volatile organic compound (VoC) hinder the market growth. On the other hand, rise in demand for low VOC, green, and sustainable adhesives and growth in end use industries in the emerging economies present new opportunities in the coming years.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/10517

Covid-19 Scenario

  • The outbreak of COVID-19 impacted the market negatively, thereby suspending the manufacturing and supply chain processes.
  • At the same time, the demand for industrial adhesives has been declined by the end-use industries such as automotive, and construction which consequently curbed the market growth
  • However, the government bodies are now issuing relaxation policies to assist the industries to get back to the track.

The vinyl segment to maintain its lead position throughout the forecast period

Based on composition, the vinyl segment contributed to the highest market share, accounting for more than one-third of the global industrial adhesives market in 2019, and is expected to maintain its lead position throughout the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 6.6% from 2020 to 2027. This is This is attributed to rising demand from packaging sector because of its properties such as high adhesion towards various substrates, non-toxic, and ecofriendly nature, and others.

Get Detailed COVID-19 Impact Analysis on the Industrial Adhesives Market @ https://www.alliedmarketresearch.com/request-for-customization/10517?reqfor=covid

The construction segment to maintain its leadership status in terms of revenue by 2027

Based on type, the water-based adhesives segment held the highest market share in 2019, accounting for more than two-fifths of the global industrial adhesives market, and is estimated to maintain its leadership status in terms of revenue throughout the forecast period. In addition, the segment is expected to portray the highest CAGR of 6.6% from 2020 to 2027. This is attributed to rise in demand from various end-use industries such as construction, aerospace, and others.

Asia-Pacific, followed by Europe and North America, to dominate the market-

Based on region, Asia-Pacific contributed to the largest market share in 2019, holding nearly of the global industrial adhesives market, and is estimated to maintain its dominant share by 2027. In addition, the region is expected to witness the fastest CAGR of 7.2% during the forecast period. This is attributed to the presence of established and fastest developing consumer bases such as electrical and electronics, packaging industry and aerospace industry. On the other hand, the market across North America contributed to the largest market share in 2019, holding more than one-fourth of the global industrial adhesives market.

Leading Market Players

  • 3M Company
  • Arkema S.A.
  • Avery Dennison Corporation
  • H.B. Fuller
  • Henkel AG & Co. KGaA
  • Parker Hannifin Corp
  • Jowat SE
  • Pidilite Industries Limited
  • Wacker Chemie AG
  • Delo

Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/industrial-adhesives-market/purchase-options

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Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Optically Clear Adhesive Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025
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Industrial Rubber Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:
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