Global Industrial Adhesives Market to Grow by $ 14.61 Billion During 2020-2024 | Featuring 3M Co., Arkema SA, and Ashland Global Holdings Inc. among others | Technavio

Technavio has announced its latest market research report titled Global Industrial Adhesives Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio estimates the global industrial adhesives market to grow by USD 14.61 billion, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The market is driven by the replacement of mechanical fasteners with industrial adhesives. However, the rise in the price of industrial adhesives might challenge growth.

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Industrial Adhesives Market: Technology Landscape

Based on technology, the market saw maximum growth in the water-based adhesives segment in 2019. The segment is driven by the extensive use of water-based adhesives in the manufacture of food and beverage packaging, furniture and building components, home appliances, and medical devices. The market growth in the segment will be significant over the forecast period.

Industrial Adhesives Market: Geography Landscape

47% of the market’s growth originated from APAC in 2019. Factors such as the rise in the commercial and residential construction sector and increasing investments in infrastructure development are fueling the growth of the industrial adhesives market in APAC.

China and Japan are the key markets for industrial adhesives in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Major Three Industrial Adhesives Market Vendors:

3M Co.

3M Co. operates its business through segments such as Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The company offers 3M Scotch-Weld epoxy adhesive DP100 Plus, 3M Super 77 Multipurpose spray adhesive, 3M Scotch-Weld acrylic adhesive DP8410NS, and others.

Arkema SA

Arkema SA operates its business through segments such as High Performance Materials, Industrial Specialties, and Coating Solutions. The company offers SAF 30-5, SAF 30 Ultimate, SAF 30 MIB, SAF 400-15, and others.

Ashland Global Holdings Inc.

Ashland Global Holdings Inc. operates its business through segments such as Specialty Ingredients and Intermediates and Solvents. The company offers Isogrip structural adhesives and Isoset structural adhesives.

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Related Reports on Materials Include:

Global Adhesive Tapes Market – Global adhesive tapes market is segmented by materials (polypropylene, paper, polyvinyl chloride, and others) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more

Global Roofing Adhesive Market – Global roofing adhesive market is segmented by resin type (polyurethane resins, epoxy resins, silicone resins, acrylic resins, and others), application (non-residential and residential), technology (waterborne, solvent-borne, and others), geography (North America, Europe, APAC, South America, and MEA). Get a free sample report to know more

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Industrial Adhesives Market will grow by $ 14.61 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/