NEW YORK, Sept. 26, 2016 /PRNewswire/ --
The industrial adhesives market is projected to reach
USD 53.37 billion by 2021
The industrial adhesives market is expected to grow from
USD 41.47 billion in 2016 to
USD 53.37 billion by 2021, at a CAGR
of 5.2% from 2016 to 2021. Factors such as growth in packaging,
construction & woodworking, and transportation end-use
industries, and technological advancements drive the growth of the
industrial adhesives market.
The natural material base segment is anticipated to grow at the
highest CAGR during the forecast period
The natural material base segment is the fastest-growing segment of
the industrial adhesives market, in terms of value. Natural
adhesives are capable of being retained on the surface of any
substance for a long period of time. Moreover, these bio-based
adhesives are manufactured or extracted from organic resources and
thus, they are considered as eco-friendly materials.
The acrylic segment is expected to lead the industrial adhesives
market
The acrylic segment accounted for the largest share of the
industrial adhesives market, by composition in 2015. The physical
attributes of acrylic include high cohesion, adhesion, resistance
to sunlight and water/moisture, and the ability to withstand
temperature fluctuations.
The water-based adhesives segment is the largest type segment of
the industrial adhesives market
The water-based segment accounted for the largest share of the
industrial adhesives market, by type in 2015. These adhesives are
considered as the most popular adhesives owing to the fact that
they are environment-friendly and possess zero volatile organic
compound characteristics.
The construction & woodworking segment is the largest end-use
industry segment of the industrial adhesives market
The construction & woodworking segment accounted for the
largest share of the industrial adhesives market, by end-use
industry in 2015. Industrial adhesives are widely used for bonding,
renovation, maintenance, and repairing in residential, commercial,
and civil constructions.
The industrial adhesives market in the Asia-Pacific region is anticipated to grow at
the highest CAGR during the forecast period
Asia-Pacific is the
fastest-growing region in the industrial adhesives market. Rapid
industrialization and rise in infrastructural developments offer
enormous opportunities in the Asia-Pacific industrial adhesives market. In
addition, growth in the manufacturing sector has significantly
propelled the demand for industrial adhesives in this region.
BREAKDOWN OF PRIMARY PARTICIPANTS PROFILE:
By Company Type: Tier 1 – 32 %, Tier 2 – 40%, and Tier 3 – 28%
By Designation: C-Level – 43%, Director-Level – 12%, and Others –
45%
By Region: North America – 29%,
Europe – 23%, Asia-Pacific - 30%, South America -10%, and Middle East & Africa – 8%
As a part of the qualitative analysis, the report provides a
comprehensive overview of key drivers, restraints, opportunities,
challenges, and regulations. It also discusses competitive
strategies adopted by market players across different regions. The
companies profiled in this report are H.B.
Fuller (U.S.), Henkel AG & Co. KGaA (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), and The
Dow Chemical Company (U.S.), among others.
Read the full report:
http://www.reportlinker.com/p04172630-summary/view-report.html
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