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Adhesives Market: Meticulous Research Reveals Why This Market Is Growing At A Cagr Of 4.5% To Reach

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By Author: Savi Bangar
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An adhesive is a material used for holding two surfaces together. An adhesive is prepared based on various types & techniques such as water based adhesives, solvent based adhesives, hot melt adhesives, pressure sensitive adhesives, and reactive adhesives. Meticulous Research(R) in its latest publication on adhesives market states that the global adhesives market will increase at a CAGR of 4.5% from 2017 to 2022 to reach USD 53,503.0 million by 2022.

Growth of the global adhesive market is mainly attributed to growing end user industries & demand for consumer goods with rising urbanization and improving life style of the population. In addition, rising demand for low VOC, green & sustainable adhesives; increasing demand for hot melts adhesives; and rising demand from emerging countries.

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To provide efficient analysis, Meticulous Research has segmented this market on the basis of type (hot melt adhesives, pressure sensitive adhesives, water based adhesives, solvent based adhesives, UV adhesives, moisture cure adhesives, heat cure adhesives), application (packaging industry, construction industry, automotive industry, electronics & electrical industry, furniture & laminates industry, leather & footwear industry, consumer/do-it-yourself, medical industry and other) origin (natural & synthetic), and geography.
Wherein, geographically, Asia Pacific commanded the largest share in this market followed by Europe. The major share of Asia Pacific is mainly attributed to population especially in India and China, increasing urbanization, changing lifestyle, and shift in manufacturing from developed regions to this region.

While in terms of origin, synthetic adhesive accounted for the largest share in the global adhesive market in 2016. The large share of this segment is mainly attributed to their easy manufacturing, availability of ample raw materials, high degree of performance & strength, and their wide applications in all industries such as packaging, construction, automotive, and electronics.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including 3M (U.S.), H.B. Fuller (Minnesota, U.S.), Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (U.S.), and Sika AG (Switzerland), Arkema (France), Huntsman Corporation (U.S.), Avery Dennison (U.S.) Wacker Chemie AG (Germany), Royal Adhesives and Sealants (U.S.), Franklin International, Inc. (U.S.), LORD Corporation (U.S.), and Illinois Tool Works Inc. (U.S.)

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Wakad, Pimpri-Chinchwad, 411057 India.
Direct Lines: +1-646-781-8004 (North America)
+91 744-778-0008 (Asia-Pacific)

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