Global Industrial Adhesives Market Increasing at A Phenomenal Pace to Reach more than USD 75.66 Billion by 2028

The Global Industrial Adhesives Market is highly competitive as the key players are involved in the development of technologically advanced equipment for the bakery industry. Some of the major players of the market include Henkel AG & Co. KGaA, H.B. Fuller, BASF SE, The Dow Chemical Company, Huntsman Corporation, Sika AG, Toyo Polymer Co. Ltd., Adhesive Films Inc., Mitsubishi Chemicals Corporation, and Hitachi Chemical Company Ltd and Others.

According to analysts at Zion Market Research, the Global Industrial Adhesives Market accounted for more than USD 44.36 Billion in 2020 and is expected to reach USD 75.66 Billion by 2028, growing at a CAGR of 6.9% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Global Industrial Adhesives Market By Product (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, Ethyl Vinyl Acetate and Others), By Application (Automotive, Packaging, Electricals & Electronics, Medical, Industrial Machinery, Furniture, Footwear, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”

Increase in Industrialization to Spur Market Growth

The global industrial adhesives market is growing at a significant rate. The packaging industry growing at a speedy rate, an increase in industrialization in developing countries, and growing demand for water-based adhesives are some of the principal factors that are spurring the growth of the global market. Most of the industrial adhesives are used in fastening applications. Further, to prevent the infiltration of undesirable material & leaks, to contain fluids, and to fill gaps on surfaces or between seams, industrial sealants are been widely used. Industrial adhesive provides a better solution over the other alternative techniques such as mechanical fastening and thermal bonding. In mechanical fastening method, holes are generated that can weaken the material while the use of thermal bonding heats the material. Both these methods can alter the properties of the material.

In addition to this, in manufacturing, there are several benefits of using industrial adhesives. This includes even distribution of stress on the load, bonding a wide variety of substrates, easy automation, and excellent cohesive strength. Also, it’s a cost-effective technology as cycle times are faster and makes the process simple resulting in cost savings. All such factors coupled with rise in automation are propelling the growth of the global industrial adhesives market. Moreover, transportation and construction industries are adopting the use of industrial adhesives ultimately fostering the growth of the market.

Furthermore, advancements in technologies and growing preference for natural material in industrial adhesives may have lucrative opportunities for the growth of the global industrial adhesives market during the forecast period. However, the presence of ingredients that are hazardous to handle and the high cost associated with the production of synthetic adhesives may hinder the growth of the global industrial adhesives market.

Global Industrial Adhesives Market: Regional Analysis

Asia Pacific is anticipated to dominate the global industrial adhesives market in terms of revenue during the forecast period. The rise in industrialization and growing preference of the major players to expand their business in China and India due to favorable government policies and cheap labor are the prime factors that are contributing to the overall revenue of the market in this region. In addition to this, emerging economies and presence of major manufacturing sectors are also some of the factors that are boosting the growth of the market in Asia Pacific. North America is estimated to contribute significantly owing to growing demand for water-based adhesives in packaging industry and the growing use of natural industrial adhesives.

Browse the full “Global Industrial Adhesives Market By Product (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, Ethyl Vinyl Acetate and Others), By Application (Automotive, Packaging, Electricals & Electronics, Medical, Industrial Machinery, Furniture, Footwear, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/industrial-adhesives-market

The Global Industrial Adhesives Market is segmented as follows: -

Product

• Acrylic
• Polyvinyl Acetate
• Epoxy
• Polyurethane
• Ethyl Vinyl Acetate
• Others

Application

• Automotive
• Packaging
• Electricals & Electronics
• Medical
• Industrial Machinery
• Furniture
• Footwear
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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