Industrial Adhesive Market Overview:
Industrial Adhesives Market is growing with the spontaneous pace; mainly due to the burgeoning construction and packaging industries. According to a recent study report published by the Market Research Future, the global market of industrial adhesives is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).
Industrial Adhesive Market Key Players:
Henkel AG & Co. KGaA, H.B. Fuller, The Dow Chemical Company, Sika AG, Cytec Industries Inc, Hitachi Chemical Co, Avery Dennison, Bostik SA, RPM international Inc, and Wacker Chemie AG are some of the prominent players at the forefront of competition in the Global Industrial Adhesive Market and are profiled in MRFR Analysis.
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Industrial Adhesive Market Segments:
For the convenience of the report and enhanced understanding; The Industrial Adhesive Market is segmented in to 3 key dynamics.
Segmentation by Application: Comprises automobile, construction, electronics and electrical, personal utilities, Medical devices.
Segmentation by Types: Comprises Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane and Ethyl Vinyl Acetate and other.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Industrial Adhesive Market Regional Analysis:
Asia-Pacific is the largest industrial adhesives market, with China accounting for the majority share of the regional market in 2018. The automotive and electronics industries in China are growing at a rapid rate, which is expected to drive the demand for industrial adhesives. Since the country is a manufacturing hub, the packaging industry is also growing. The footwear industry in China is the largest in the world with a high consumption of industrial additives.
The growth of end-use industries in China is expected to drive product demand in Asia-Pacific.
Europe is expected to contribute substantially to the growth of the industrial adhesives market owing to the presence of developed automotive and aerospace industries in Germany, the UK, and Spain. Recent advancements in adhesive technologies in the region are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. The focus on minimizing carbon emissions and enhancing fuel economy, by reducing vehicle weight, is expected to fuel the demand for industrial adhesives in the region.
Industrial Adhesive Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Industrial Adhesive Market
Industrial Adhesive Market Table of Content to be Continue……,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/industrial-adhesive-market-1927
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