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  • Adhesive Market Revenue Analysis 2028

    (Aviation-NewsWire.Com, October 20, 2021 )

    Market Overview
    The adhesive is a strong substance applied to one or both surfaces of two separate items that secures them together and resists their separation. There are many various types of adhesives available in the market, each for specific conditions & applications and there are numerous factors to consider when choosing the correct product.

    The adhesive market has witnessed a sudden change with upcoming stringent regulations by the regulatory authorities that have compelled adhesive manufacturers to make sustainable products with low VOC levels.

    The shift toward adhesives derived from natural materials, which are sustainable and biodegradable, has brought new opportunities for manufacturers. The Asia-Pacific is expected to hold a significant share in the adhesive market.

    The growing automotive, construction, and packaging sectors in the region are the major factors for the adhesive market growth. For instance, according to the China Association of Automobile Manufacturers' data, China sales stood at 2.02 million vehicles in June 2021. The country sold over 12.89 million vehicles between January and June, up 25.6% from the last year.

    View full report: https://www.datamintelligence.com/research-report/adhesive-market

    Market Dynamics
    Growing need from the construction sector

    The construction industry is witnessing rapid technological & architectural innovation. Increasing applications in flexible architectural design and renovations of old buildings drive the adhesive market globally. Additionally, rising demand for adhesives in the manufacturing of bio-based plastic materials in the construction industry is also anticipated to foster demand over the forecast period.

    As builders look for desirable adhesive solutions for their remodeling and construction projects, several new industry product trends are emerging. Adhesives are critical tools for building projects and on the job site. Adhesives continue to see steady growth in various building and construction applications, including subfloor installation.

    A more efficient subfloor installation project has significantly higher yields, faster application and superior bond strength. The government investment in construction and infrastructure activities in emerging economies will also influence the market's growth. For instance, construction spending in the U.S during July 2021 was estimated at a seasonally adjusted annual rate of US$ 1,568.8 billion.

    The companies are launching new products to cater to the need of the booming construction industry. For instance, in 2021, Al Muqarram Group has made the latest addition to its product lineup - HVAC Contact adhesive - at Dubai's Big 5 construction expo. The new HVAC contact adhesive, specifically designed for phenolic and PIR ducts. In 2020, Toyochem Co., Ltd. has developed a new series of biodegradable pressure-sensitive adhesives.

    The newly developed polyurethane PSAs are suitable for construction and other industries where biodegradable materials are preferred.

    Market Segmentation
    By Type
    Polyurethane
    Epoxy
    Acrylic
    Silicone
    EVA/PE
    By Technology
    Water-Based Adhesive
    Solvent-Based Adhesive
    Hot-Melt Adhesive
    By Component
    One Component
    Two Component
    By Usage
    Potting Materials
    Gap Filler
    Strain Relief
    By Application
    Building and Construction
    Automotive
    Electronics
    By End-User
    Building and Construction
    Automotive
    Electronics
    Packaging
    Furniture
    Industrial
    Wind Energy
    Aerospace

    Download free sample: https://www.datamintelligence.com/download-sample/adhesive-market

    Geographical Analysis
    The adhesives market will see substantial growth in applications, such as packaging, automotive, consumer electronics, and construction. There are numerous reasons for the market growth, including technological advancements, growing population, and overall purchasing power.

    The booming construction activities in countries such as China, India, and other Asian countries have boosted adhesive sales. China is the largest construction market globally, with the industry projected to grow at an average of 5.2% between 2021 and 2029.

    The adhesive is utilized in roofing, flooring, HVAC, plumbing, doors, and other numerous applications. Due to the lucrative opportunities, various leading companies have made significant investments in the region. for instance, in 2021, DuPont announced to invest approximately US$ 30 million to build a manufacturing facility in Zhangjiagang, Jiangsu Province, in East China.

    The new facility will provide adhesives to serve customers in the transportation industry, primarily supporting mega-industry trends. Henkel has announced a special adhesives Asia-Pacific innovation center in Shanghai in response to the surging demand for adhesives from the automotive and electronics industries.

    The company will invest US$77.58 million (500 million yuan) and the innovation center will be located in Zhangjiang Science City. The purpose of the innovation center will be to produce high-quality adhesives for consumers in the Asia-Pacific region and will hire over 400 experts and scientists.

    Topic's you may be interested, Acrylic Emulsions Market, Crude Sulphate Turpentine Market, Decorative Coatings Market, Coil Coatings Market, US Silicone Adhesives Market

    DataM Intelligence

    Sai Kiran

    +1 877 441 4866

    pr@datamintelligence.com

    Source: EmailWire.Com

    Source: EmailWire.com

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