Global Adhesives Market 2017-2022 - $53.5 Billion Opportunity Analysis and Industry Forecasts

Dublin, Oct. 17, 2017 (GLOBE NEWSWIRE) -- The "Adhesives Market - Global Opportunity Analysis and Industry Forecasts to 2022" report has been added to Research and Markets' offering.

The global adhesives market will grow at a CAGR of 4.5% during the forecast period to reach USD 53,503.0 million by 2022, driven by growing demand for consumer goods with rising urbanization & improving lifestyle; rising demands for hot melts adhesives; and growing automotive industry with rising demand for lightweight and low carbon emitted vehicles.

Further, growing demand from emerging economies and increasing need for eco-friendly, low VOC, & green sustainable adhesives offers significant opportunities for the growth of adhesives market during the forecast period. However, volatile raw material prices hamper the growth of this market to some extent.

Asia-Pacific region holds the major share in the global adhesives market, followed by Europe, and North America. The large share of this region is primarily attributed to the huge demand for adhesives in industrial manufacturing. In addition, rising industrialization; infrastructural developments, and increasing private & government investment in these sectors; rising demand for various consumer goods from large population base; growing income level; and rising urbanization are the other major factors propelling the growth of the Asia-Pacific adhesives market. Asia-Pacific region is also the fastest growing regional market in the global adhesives industry.

The leading players in adhesives market have employed various strategies to expand their product & application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global adhesives market were new product launches & product enhancement, mergers & acquisitions, and expansions. New product launches & product enhancements was the most preferred growth strategy adopted by the key players, during the period of 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global adhesives market.

Market Dynamics

Drivers

• Growing Urbanization & Improving Lifestyle to Drive Growth Consumer Goods Industry
• Rising Demand for Hot Melt Adhesives
• Growing Automotive Industry with Rising Demand for Lightweight & Low Carbon Emitting Vehicles

Restraint

• Volatile Price of Raw Materials

Opportunities

• Growing Demand for Low VOC, Green & Sustainable Adhesives
• Emerging Economies- Latin America, South East Asia, and Africa

Industry Structure

Key Trends in Adhesives Market

• Rising Industry Concentration with Growth in Mergers & Acquisitions
• Production Shifts from North America to Asia Pacific Region
• Continuous Shift from Solvent-Based Adhesives to Water-Based Adhesives

The key players in the global adhesives market are

• 3M (U.S.), H.B. Fuller (U.S.)
• Henkel AG & Co. KGaA (Germany)
• The Dow Chemical Company (U.S.)
• 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.)
• Illinois Tool Works Inc. (U.S.).

Scope of the report

Market by Type:

• Non-Reactive Adhesives
• Water based adhesives
• Solvent based adhesives
• Hot melt adhesives
• Pressure sensitive adhesives
• Reactive adhesives
• Multi-part adhesives
• One-part adhesives
• Temperature curing adhesives
• Moisture curing adhesives
• UV curing adhesives

Market by Origin:

• Natural
• Synthetic
• Acrylics
• Polyvinyl acetate (PVAC)
• Vinyl acetate-ethylene (VAE)
• Polyurethane
• Ethylene-vinyl acetate (EVA)
• Polyethylene
• Others

Market by Application:

• Packaging industry
• Construction industry
• Automotive industry
• Electronics & electrical industry
• Furniture & laminates industry
• Leather & footwear industry
• Consumer/do-it-yourself
• Medical industry
• Others

Key questions answered in the report

• Which are the high growth market segments in terms of product type, application, and regions/countries?
• What is the historical market for adhesives across the globe?
• What are the market forecasts and estimates from the period 2015-2022?
• What are the major drivers, restraints, and trends in the global adhesives market?
• Who are the major players in the global adhesives market and what share of the market do they hold?
• Who are the major players in various countries and what share of the market do they hold?
• What are the recent developments in the global adhesives market?
• What are the different strategies adopted by the major players in the global adhesives market?
• What are the geographical trends and high growth regions/countries?
• Who are the local emerging players in the global adhesives market and how do they compete with the global players?

For more information about this report visit https://www.researchandmarkets.com/research/llcwrm/adhesives_market

                    
                    
                    CONTACT: Research and Markets
                             Laura Wood, Senior Manager
                             press@researchandmarkets.com
                             For E.S.T Office Hours Call 1-917-300-0470
                             For U.S./CAN Toll Free Call 1-800-526-8630
                             For GMT Office Hours Call +353-1-416-8900
                             Related Topics: Adhesives and Sealants , Adhesives and Sealants