Market Research Future Published a Half-Cooked Research Report on Global Industrial Adhesives Market Research Report- Forecast to 2023
Industrial Adhesives are adhesives with strong adhesive and cohesive strength, which is the top characteristic required in such chemicals. These adhesives are used in the assembly and manufacture of components across diverse industrial sectors. Companies are developing solutions which can control costs and a play a role in making production efficient. Global Industrial Adhesive Market Report compiled by analysts at Market Research Future (MRFR) provides readers an insightful read on the sector for the period between 2017 and 2023 (forecast period).
Bostik, Henkel AG & Co. KGaA, Lord Corporation, Hitachi Chemical Co. Ltd, BASF SE, H.B. Fuller Company, Solvay, DowDuPont, Pidilite Industries Ltd, 3M, Avery Dennison Corporation, and Mitsubishi Chemical Corporation are prominent players of the Global Industrial Adhesive Market.
Global Industrial Adhesive Market is set to achieve a significant valuation by 2023. It can expand by exhibiting a CAGR due to various industrial applications. The changes in weather and strict environmental regulations imposed on manufacturing and other industrial production processes is the major driver of the market. Massive demand across aerospace, construction, and automotive sectors for water-based adhesives has driven market demand continuously.
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Regulations imposed on the automotive sector for reducing carbon emissions is likely to drive the Global Industrial Adhesive Market. These adhesives have been used in joining industrial components together while foregoing the use of rivets. They also help in reducing fuel emissions which can work out in global market demand.
Volatile prices of crude oil and stringent regulations pertaining to solvent adhesives can restrain market growth.
Global Industrial Adhesives Market has been Segmented by Type and Application.
By Type, the market has been segmented into acrylic, polyvinyl acetate, epoxy, polyurethane, and ethyl vinyl acetate.
By Application, the market has been divided into automotive, construction, electronics and electrical, and medical devices. The construction application can contribute to global market revenues due to various growth opportunities present from infrastructural projects. Industrial Adhesives are used in joining tiles, false ceilings, plasters, and furniture. On the other hand, medical devices can trigger demand for industrial adhesives due to being used for manufacture, assembly, and labeling of these devices.
Browse Key Industry Insights spread across 135 pages with 37 market data tables & 12 figures & charts from the report, “Industrial Adhesives Market Information: By Type (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, and Ethyl Vinyl Acetate), Application (Automotive, Construction, Electronics and Electrical, and Medical Devices) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/industrial-adhesive-market-1927
North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East & Africa (MEA)are regions the center of interest in the Global Industrial Adhesive Market.
APAC was the region who had occupied the largest market share in 2017, with the largest contributor being China. The boom witnessed in the automotive sector in China combined with the high demand for passenger and commercial vehicles can induce demand for Industrial Adhesives in the coming years. Packaging and footwear industries are also driving market demand exponentially.
Europe can also exhibit a stellar growth rate during the forecast period due to contribution of countries such as Spain, Germany, and the U.K. The automotive sector is the primary driver of the Global Industrial Adhesive Market in the region coupled with advances in adhesives which can effectively bond exteriors and interiors. Environmental regulations focused on minimizing carbon emissions can be a deciding factor in influencing market growth.
The North America Industrial Adhesive Market can experience a boom due to the resurgence of the construction industry. Rise of commercial construction in the form of malls, restaurants, and offices can spur the market growth. The construction of high-rise buildings in San Francisco, New York, Chicago, and Los Angeles can induce the demand for Industrial Adhesives. On the flip side, the Latin America Industrial Adhesive Market can experience growth from automotive and construction sectors.
The MEA region is bound to drive market demand due to the increasing production rate of HVACs and infrastructure development.
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