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According to Radiant Insights, Inc Asia Pacific is the biggest market of Adhesives, Global industrial adhesives market size was 9.40 million tons in 2014 and is expected to reach 12.94 million tons by 2022, growing at a CAGR of 4.1% from 2015 to 2022. Acrylics were the leading product type with demand share exceeding 40% in 2014. Increasing requirement for adhesion products with aesthetic appeal, high bond strength across dissimilar substrates and contaminated surfaces is a key determinant for industry development. They are also expected to witness the highest growth of 4.4% from 2015 to 2022.
Growing demand for eco-friendly materials has led to the development of bio-based adhesives. This trend is likely to foster replacement of conventional metal, wood and other fasteners with adhesives to bond a wide array of substrates. Increasing industrial output in emerging nations such as China, India, Brazil and Mexico has also impacted the market positively.
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Further key findings from the report suggest:
Growth of key end-use industries such as packaging, construction and automotive is expected to remain a key driving factor for global industrial adhesives market over the forecast period.
Packaging was the leading application segment and accounted for 30.3% of total market volume in 2014. Increasing demand for quicker assembly time, high bond strength in carton sealing and corrugated box manufacturing led to high consumption in packaging industry. Packaging is also expected to witness the highest growth of 4.7% from 2015 to 2022.
Asia Pacific was the largest consumer and accounted for 42.3% of total volume in 2014. The region is characterized by increasing consumer disposable income and high growth in packaging, construction, and automotive industries mainly in China, India and Southeast Asia.
Developed markets of North America and Europe are characterized by growing demand for bio-based adhesives because growing regulatory pressure and consumer awareness. Europe is expected to witness moderate growth of 2.5% from 2015 to 2022.
Global industrial adhesives market share is characterized by multinational corporations which are integrated along the value chain. There is considerable presence of standalone independent manufacturers, particularly with emergence of SME landscape in China. Key companies in the industry include The Dow Chemical Company, Henkel, Cytec Industries, Mitsubishi Chemicals, Lord Corporation, Avery Dennison, and Covestro (formerly Bayer Material Science).
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Table of Content
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Industrial Adhesives - Industry Summary & Key Buying Criteria, 2012 - 2022
Chapter 3 Industrial Adhesives Industry Outlook
3.1 Market Segmentation
3.2 Market size and growth prospects, 2012 - 2022
3.3 Industrial adhesives market value chain analysis
3.3.1 Vendor landscape
3.4 Industrial adhesives raw material trends
3.5 Industrial adhesives market dynamics
3.5.1 Market driver analysis
22.214.171.124 Growth of end-use industries
126.96.36.199 Increasing bio-based adhesives demand
3.5.2 Market restraint analysis
188.8.131.52 Scarcity of raw materials
3.6 Key opportunities prioritized
3.7 Industry Analysis - Porter's
3.8 Industrial adhesives PESTEL analysis
Chapter 4 Industrial Adhesives Product Outlook
4.1 Global industrial adhesives market volume share by product, 2014 & 2022
4.2.1 Acrylic adhesives market estimates and forecasts, 2012 - 2022
4.2.2 Acrylic adhesives market estimates and forecasts by region, 2012 - 2022
4.3 Polyvinyl acetate
4.3.1 Polyvinyl acetate adhesives market estimates and forecasts, 2012 - 2022
4.3.2 Polyvinyl acetate adhesives market estimates and forecasts by region, 2012 - 2022
4.4.1 Epoxy adhesives market estimates and forecasts, 2012 - 2022
4.4.2 Epoxy adhesives market estimates and forecasts by region, 2012 - 2022
4.5.1 Polyurethane adhesives market estimates and forecasts, 2012 - 2022
4.5.2 Polyurethane adhesives market estimates and forecasts by region, 2012 - 2022
4.6 Ethyl vinyl acetate
4.6.1 Ethyl vinyl acetate adhesives market estimates and forecasts, 2012 - 2022
4.6.2 Ethyl vinyl acetate adhesives market estimates and forecasts by region, 2012 - 2022
4.7.1 Other adhesives market estimates and forecasts, 2012 - 2022
4.7.2 Other adhesives market estimates and forecasts by region, 2012 - 2022
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