Industrial Adhesives Market

The Global Industrial Adhesives Market is segmented by Type (Water-borne adhesives(Acrylics, Polyvinyl Acetate (PVA) Emulsion, Ethylene Vinyl Acetate (EVA) Emulsion, Polyvinyl Dispersions, Vinyl Acetate Adhesive, Starch/Dextrin Adhesives, Polyurethane Dispersion, Others adhesives), (Solvent Borne(Chloroprene Rubber, Poly Acrylate (PA), Styrenic Block Copolymers, Other Solvent-borne Adhesives), (Reactive(Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, Anaerobic, Silicone, Other Reactive Adhesives), (Hot-Melt(Ethylene Vinyl,  Acetate, Thermoplastic,  Polyurethane, APAO (Amorphous Poly Alpha Olefins)Adhesives, Polyamides Adhesive, Polyethylene Adhesives, (Pressure sensitive adhesives) (Other Adhesives), By Application(Paper board and Packaging, Building and construction , Working and Joinery , Transportation, Footwear and Leather , Medical, Consumer/DIY Products, Other applications adhesives) By Region(North America, Europe, Asia-Pacific, South America and Middle East & Africa)-: Global Industry perspective Comprehensive analysis and Forecasts, 2022 - 2030 

The Global Industrial Adhesives Market is valued at $ 65.26 Billion in 2022 and is projected to be around $ 100.92 Billion by 2030 with a growth at 5.6% CAGR from 2022 to 2030

Industrial Adhesives Market Overview

Adhesives are used in a variety of industries: construction, packaging, furniture, automotive, appliance, textile, aircraft, and many others. Due to the growth in the packaging, construction& woodworking and with technological advancement have together contributed to the expansion of adhesive industry over the years. Various properties of the product such as flexibility, solvent free, lower cost, less vibrations, high fatigue and thermal shock tolerance has increased its applications in the industrial use. Adhesives are great alternatives to the manual fastenings, welding and other assembling methods which helps a business lower its expenses and be competitive and helps to increase the product life.

COVID-19 Impact

The COVID-19 outbreak has disrupted the supply chains of various industries in the world. There was shortage of laborers as well as logistical issues. The unavailability of the resources was also a major issue for the companies as the raw materials such as alcohol were rerouted towards manufacturing of sanitizers. Also the lockdown resulted in halting of production and hence led to shortage of demand for adhesive in the market. The Covid-19 disrupted the supply chain and hampered the market growth.

Growth factors

Increasing packaging demand from various industries such as pharmaceuticals, food & beverages, and cosmetics are growth drivers. As the E-commerce industry grows there is demand for packaging. Increasing numbers of construction activities in the Asia-Pacific reason has led to demand for the adhesives. The global healthcare sector has expanded in the past decades leading towards demand in the medical adhesives and it has flourished. The transportation equipment market has grown due to the increased production of more fuel efficient, quieter riding cars. There has been increase in the EV’s around the globe and with the increase there has been increase in demand for adhesive industry too.

Restraints

When the adhesives are applied abundant amount of hazardous and toxic chemical gases are released and are harmful if inhaled. The adhesive industry is facing challenges due to the volatile crude oil prices which is its raw material. Crude oil derivatives are used in the manufacturing of the adhesives. As the price fluctuates it impacts the raw material cost, hence the price of the adhesives goes high and it might hinder the markets growth for the upcoming years.

Opportunities

Dependence of adhesive on healthcare and packaging sector is expected to lead the adhesives market and will be recovering soon post the COVID-19 pandemic. According to the report by the U.S. National Library of Medicine, the U.S packaging sector witnessed a growth rate of 44% in April 2020 as compared to April 2019. Same goes for the global sector. The growing investments by the government in the infrastructures and also the construction had created opportunities in the construction sector. With mergers and Acquisitions the global leaders are looking for expansions and it has proven fruitful for them. The regulations into the European markets had led to growing demands for Green Adhesives

Industrial Adhesives Market Segment Analysis

The Industrial Adhesive Industry is segmented on the basis of their types and their end user industries. The water-borne segment holds the significant share as these materials are supplied as pre mixed solutions or in dry form which the users mix with water to obtain adhesives properties. Pressure sensitive adhesives have become a valuable part of various industrial processes due to their flexibility. The reactive adhesive segment is expected to grow significantly as it provides a tremendous and long-lasting bond. This are used in Cell phones, computers and other electrical devices. The hot-melt adhesives will see a fast growth rate as it requires a short time to set an is also solvent free. While on the basis of the end user types, Packaging and paper industries holds the maximum share and will keep upholding it’s position in the upcoming time. The growing Infrastructure and construction will keep the demands up for upcoming time for the adhesive market.

Industrial Adhesives Market Regional Analysis

The Asia-Pacific region has been dominating the global market share of more than 40%. The demand is increasing from industries, such as packaging, construction, and electronics in the countries such as China, India, and Japan. Sectors such as food and beverage, cosmetics, and consumer goods have continuously been innovating new products, increasing production, and adopting towards attractive packaging materials in order to attract consumers. Manufacturing industries has started shifting towards flexible packaging as it is more cost-effective than steel or glass packaging. This has led to growth in the demand for flexible packaging, which is creating a noticeable demand for adhesives in packaging Usage. Automotive and Construction activities are growing in the region with the lockdown fading out, the region has always been at the lead of infrastructure development.

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Industrial Adhesives Market Report Scope

The Global Industrial Adhesives Market is bifurcated as below -:

By Origin

o   Organic

o   Inorganic

By Type

1. 1. Water-borne adhesives

o   Acrylics

o   Polyvinyl Acetate (PVA) Emulsion

o   Ethylene Vinyl Acetate (EVA) Emulsion

o   Polyvinyl Dispersions

o   Vinyl Acetate Adhesive

o   Starch/Dextrin Adhesives

o   Polyurethane Dispersion

o   Others adhesives

1. 1. Solvent Borne

o   Chloroprene Rubber

o   Poly Acrylate (PA)

o   Styrenic Block Copolymers

o   Other Solvent-borne Adhesives

1. 1. Reactive

o   Polyurethane

o   Epoxy

o   Cyanoacrylate

o   Modified Acrylic

o   Anaerobic

o   Silicone

o   Other Reactive Adhesives

1. 1. Hot-Melt

o   Ethylene Vinyl Acetate

o   Thermoplastic Polyurethane

o   APAO (Amorphous Poly Alpha Olefins) Adhesives

o   Polyamides Adhesives

o   Polyethylene Adhesives

1. 1. Pressure sensitive adhesives
   2. Other Adhesives
   3. Others

By Application

o   Paper board and Packaging

o   Building and construction

o   Working and Joinery

o   Transportation

o   Footwear and Leather

o   Medical

o   Consumer/DIY Products

o   Others

By Region

o   North America

o   Europe

o   Asia-Pacific

o   South America

o   Middle East & Africa

Key players

o   3M

o   Arkema S.A

o   Henkel Corporations

o   Ashland Inc.

o   Avery Dennison

o   BASF SE

o   Evonik Industries

o   H.B. Fuller Company

o   PPG Industries

o   RPM International Inc.

o   Sika AG

o   Wacker Chemie AG

o   Huntsman International LLC

o   Pidilite Industries

o   Akzo Novel N.V

o   Jowat SE

o   Franklin International

o   Permabond LLC

o   Lord Corporation

o   Yokohama Industries Americas Inc

o   Others