Industrial adhesives market size worth $67.6 billion, globally, by 2028 at a CAGR of 4.4%: Verified Market Research®

JERSEY CITY, NJ, February 10, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Industrial Adhesives MarketBy Type (Water Based Adhesives, Hot Melt Adhesives), By Application (Automotive Industry, Packaging Industry) and by Geography. According to verified market research, the global industrial adhesives market size was valued at $47.5 billion in 2020 and is expected to reach $67.6 billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.

Download the PDF brochure:

https://www.verifiedmarketresearch.com/download-sample/?rid=180633

Browse the table of contents in depth toIndustrial Adhesives Market

202 – Pages
126 – Tables
37 – Numbers

Global Industrial Adhesives Market Overview

Rising demand for packaging from different end-use industries such as pharmaceuticals, food & beverages, and cosmetics is expected to propel the expansion of the market over the forecasted years. In the coming years, growth in demand for e-commerce commodities, in which packaging is a necessary factor, is expected to drive product demand. Industrial adhesives are an excellent alternative to mechanical fastening, welding and other joining methods, and they can help various companies gain a competitive advantage by reducing total manufacturing costs and improving reliability, performance and product life.

The bonding technique reduced the time and cost of assembling automotive components, as well as the usual weight and fuel consumption, resulting in increased efficiency. Increasing federal and state policies regarding carbon emissions are expected to complement product application in the automotive industry. The use of adhesives in the construction and woodworking industry is extensive, such as the installation of floor tiles and continuous floor coverings, the installation of ceramic tiles, the lamination of countertops, the carpet adhesives, flooring underlay adhesives, etc.

However, raw material price volatility is expected to be one of the factors restraining the growth of the industrial adhesives market. The industrial adhesives market is expected to be influenced by crude oil price volatility. The raw ingredients of industrial adhesives are made from crude oil derivatives such as vinyl acetate monomer, polyols, tolylene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI). Fluctuations in crude oil prices have a negative impact on raw material costs, leading to high product prices that are expected to restrain market expansion in the coming years.

Main developments in Industrial Adhesives Market

· In September 2020: Toyochem Co., Ltd., member of from Japan Toyo Ink Group has created a new line of biodegradable pressure sensitive adhesives (PSA). The newly created product, which is marketed as the Cyabine™ series of polyurethane PSAs, is suitable for materials used in packaging, construction, agriculture and other areas where biodegradable or recoverable materials are preferred.

Key players

The major market players are Toyo Polymer Co. Ltd, Henkel AG & Co., Cytec Industries Inc., Dow Chemical Co, Bayer Product Science (Covestro), DuPont de Nemours, Inc., Adhesive Films Inc, Mitsubishi Chemicals Corporation.

Verified Market Research has segmented the global industrial adhesives market on the basis of type, application, and geography.

  • Industrial Adhesives Market, By Type
    • Water Based Adhesives
    • Hot melt adhesives
    • Acrylics
  • Industrial Adhesives Market, By Application
    • Automotive
    • packaging industry
    • Construction and woodworking industry
  • Industrial Adhesives Market by Geography
      • North America
      • we
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

Browse related reports:

Medical adhesives market by product (synthetic and natural), by application (internal, external and dental), by geography, forecast, 2020-2027

Phenolic Resin Market By Type (Resol Resin, Novolac Resin), By Application (Wood Adhesives, Foundry & Casting, Laminates, Insulation) By Geography, Forecast, 2020-2027

Automotive Adhesives & Sealants Market By Resins (Epoxy, Acrylics, SMP, Polyurethanes, Rubber), By Application (Paint Shop, Assembly, Body-in-White, UTH & Powertrain), By Vehicles (Passenger, Commercial), By Geography, forecast, 2020-2027

Adhesion Promoters Market By Type (Silane, Maleic Anhydride, Chlorinated Polyolefins), By Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives), By Geography, Forecast, 2020-2027

Main brands of self-adhesive labels describing the main features of promotional activities

Visualize Industrial Adhesives Market Using Verified Market Intelligence :-:

Verified market intelligence is our BI-enabled platform for the narrative storytelling of this market. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape with respect to region, country and segment, as well as key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15 key market indicators for your market.

About Us

Verified Market Research is a leading global research and advisory firm serving over 5,000 clients. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance use industry techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study over 14 categories across Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, automotive and transportation, information and communication technology, software and services, information security, mining, minerals and metals, construction. & construction, agricultural industry and medical devices from more than 100 countries.

Contact us
Mr. Edwyne Fernandes
Verified Market Research®
USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
E-mail: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow us: LinkedIn | Twitter

SOURCE Verified Market Research

Comments are closed.