Global Industrial Adhesive Market – Outlook and Forecast to 2025 – Yahoo Finance

Dublin, April 17, 2020 (GLOBE NEWSWIRE) -- The "Industrial Adhesive Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Changing construction practices and the increasing use of innovative building materials are key factors, which are likely to increase the demand for epoxy adhesives and its related formulations. Epoxy resins are known for their durable adhesive nature. They resist extreme climate conditions or chemical spills, thereby making them ideal products with strong withstanding pressure. Epoxy resins are durable and can be used with various materials such as wood, metal, glass, or tiles. While epoxy adhesives are key raw materials for interior works in both household and commercial construction, the growth of the global furniture market, which hit around $554 billion in 2019, is expected to boost the industrial adhesive market.

The following factors are likely to contribute to the growth of the industrial adhesive market during the forecast period:

Key Vendors

The study considers the present scenario of the industrial adhesive market and its market dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

This research report includes a detailed segmentation by technology, product, end-users, and geography. APAC is leading the industrial water-based adhesives market, followed by North America and Europe. Their demand is increasing from automotive & transportation, building & construction, paper & packaging, labels, woodworking, and other application segments. The growing awareness of the green economy is likely to create more opportunities for water-based industrial products. Although the market is growing, the limited usage in high-end applications is inhibiting growth.

The acrylic segment is expected to have high demand across several industries. The cost-efficiency of acrylic adhesives and high growth in APAC is expected to drive the segment growth. Acrylic ones have replaced epoxy adhesives on account of their high strength and remarkable toughness. Factors such as cost-effectiveness and high resistance are the driving factor for their usage in the manufacturing and fabricating industry.

The increasing usage of structural adhesives is boosting the demand for epoxy across the world. Epoxy has a wide number of applications and acts as a major revenue generator in the industrial adhesive market. Epoxy is most commonly used in aerospace, automotive, building and construction, and semiconductor industries. China, South Korea, and Japan are the largest epoxy markets because of the growth of aerospace and semiconductor industries in the APAC region.

The increasing demand for industrial adhesives in the construction segment is directly proportional to the growth of the building and construction sector. They are used in several tasks in the construction market, including repair and installation of acoustic ceiling panels, floor tiles, and continuous flooring installation. The construction industry is estimated to grow by 4% by 2023, driven by APAC and Latin America. Hence, the increase in the value of construction is expected to provide opportunities for the adhesive industry.

Regulatory pressures on the automotive industry are increasing across the world. The growth of the automotive industry in APAC, Latin America, and MEA until the last decade was uninhabited due to the lack of strong policies and regulations on emissions and other environmental impacts. However, with globalization, several foreign players are scaling up their operations and expanding their footprint in several countries to benefit from favorable FDI and other corporate-friendly policies. Europe and North America are facing increased competition from APAC-based vehicle manufacturers. However, the decrease in the demand for new vehicles in the last few years has reduced the growth of epoxy industrial adhesives.

Furniture adhesives are used for waterproofing and improve the quality of doors and windows. The furniture industry is expected to grow by over 6% during the period 2018-2023. Rapid urbanization and an increase in disposable incomes are the factors that boost the furniture market in the APAC region. Adhesive technologies used in woodworking are generally EVA and PU hot-melts, and dispersions.

Story continues

Key Market Insights

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage4.1 Market Definition4.1.1 Inclusions4.1.2 Exclusions4.2 Base Year4.3 Scope of The Study4.3.1 Market Segmentation by Geography

5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation

6 Market at a Glance

7 Introduction7.1 Overview7.2 Raw Material Insights7.3 Key Insights7.4 Impact Of Covid-197.4.1 Macro-Outlook

8 Market Opportunities & Trends8.1 Use Of Epoxy In Construction Industry8.2 High Demand For Smart Vehicles8.3 Lightweight Packaging

9 Market Growth Enablers9.1 Increasing Demand From Construction9.2 Consistent Demand In Packaging Industry

10 Market Restraints10.1 Decelerating Sales In Automotive Industry10.2 End-User Variability

11 Market Landscape11.1 Market Overview11.1.1 Key Insights11.2 Market Size & Forecast11.3 Five Forces Analysis11.3.1 Threat of New Entrants11.3.2 Bargaining Power of Suppliers11.3.3 Bargaining Power of Buyers11.3.4 Threat of Substitutes11.3.5 Competitive Rivalry

12 Adhesive Technology12.1 Market Snapshot & Growth Engine12.2 Market Overview12.3 Waterborne12.3.1 Market Overview12.3.2 Packaging Industry12.3.3 Market Size & Forecast12.4 Solvent-Based12.4.1 Market Overview12.4.2 Wooden Furnitures12.4.3 Other Consumer Goods12.4.4 Market Size & Forecast12.5 Hotmelt12.5.1 Market Overview12.5.2 Packaging industry12.5.3 Construction Industry12.5.4 Electronics Industry12.5.5 Market Size & Forecast12.6 Others12.6.1 Market Overview12.6.2 Thermoset Adhesives12.6.3 UV Curing Adhesives12.6.4 Market Size & Forecast

13 Product13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Acrylic13.3.1 Market Overview13.3.2 Market Size & Forecast13.4 PVA13.4.1 Market Overview13.4.2 Market Size & Forecast13.5 PU13.5.1 Market Overview13.5.2 Market Size & Forecast13.6 Styrenic Block13.6.1 Market Overview13.6.2 Market Size & Forecast13.7 EPOXY13.7.1 Market Overview13.7.2 Market Size & Forecast13.8 EVA13.8.1 Market Overview13.8.2 Market Size & Forecast13.9 OTHERS13.9.1 Market Overview13.9.2 Market Size & Forecast

14 End-User14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Packaging14.3.1 Market Overview14.3.2 Pressure Sensitive Labeling14.3.3 Market Size & Forecast14.4 Construction14.4.1 Market Overview14.4.2 Market Size & Forecast14.5 Automotive14.5.1 Market Overview14.5.2 Market Size & Forecast14.6 Woodwork Industry14.6.1 Market Overview14.6.2 Market Size & Forecast14.7 Others14.7.1 Market Overview14.7.2 Market Size & Forecast

15 Geography15.1 Market Snapshot & Growth Engine15.2 Geographic Overview

16 APAC

17 Europe

18 North America

19 Latin America

20 Middle East and Africa

21 Competitive Landscape21.1 Competition Overview

22 Key Company Profiles

23 Other Prominent Vendors

24 Report Summary24.1 Key Takeaways24.2 Strategic Recommendations

25 Quantitative Summary

26 Appendix26.1 Abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/krgkie

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

View original post here:
Global Industrial Adhesive Market - Outlook and Forecast to 2025 - Yahoo Finance