Adhesives Market| Research Includes Historical, Forecast Data, Demand, Application, Price Trends, and Company Share By 2025

 

Adhesives Market Will Reach USD 65.2 Billion by 2025. The reports forecast the smart grid market by type, technology, end-user, and region. It highlights COVID-19 impact on the adhesives industry.

 

Global Adhesives Market: by Type (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, Ethyl Vinyl Acetate, and Others), by Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, and Others), by End-User (Automotive, Packaging, Electrical & Electronics, Building & Construction, Woodworking, and Others) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The adhesives market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the adhesives industry.

 

 

Adhesives Market Industry Overview:   

 

The adhesives market size was valued at USD 43.6 billion in 2019, which is expected to reach USD 65.2 billion by 2025, registering a CAGR of 4.7% during the forecast period (2020-2025). Adhesives finds its applications across various sectors for the binding of components, such as automotive parts, wood parts, electronic components, and others. Adhesives have a capability of bearing heavy loads, which in turn, is augmenting its demand in the machinery industry.

 

Factors Affecting the Adhesives Market Over the Forecast Period:

 

·     The demand for lightweight automotive is increasing the demand for adhesives across the globe. With adhesives, the vehicle gets lighter, quieter, and safer as compared to use of mechanical fastening methods for binding automotive components.

·     Adhesives are getting a huge traction in the packaging industry with the rise of e-commerce sector across the globe. Flexible packaging will offer a considerable growth to the adhesives market in the packaging industry during the forecast period.

·     Demand-supply gap and the fluctuations in foreign currency are hampering the growth of the adhesives market across the globe.

• The prices are affected negatively because of high usage of petrochemicals in the production of adhesive and other specialty chemicals.
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Impact of COVID-19 on Adhesives Market:

 

The outbreak of COVID-19 has significantly hampered the growth of the adhesives market across the globe. The demand for adhesives has significantly fallen, backed by the decline in the demand for new products, which includes renovation of buildings, woodworks, and automotive. Gradually the supply has also decreased, and the old stock is also getting damaged as the ability of adhesive to withhold the product is decreasing with time. Moreover, the lack of availability of raw materials and the disruption in supply chain due to the imposition of ban on the transfer of goods over borders is further curtailing the market growth amidst the crisis. Therefore, a modest downfall in the adhesives market can be expected in 2020.

 

Scope of the Report:

The report outlines the global adhesives market study based on product, technology, and end-user.

The adhesives market has been segmented on the basis of product-

 

·     Acrylic

·     Polyvinyl Acetate

·     Epoxy

·     Polyurethane

·     Ethyl Vinyl Acetate

·     Others

 

The adhesives market has been segmented on the basis of technology-

 

·     Water-Based

·     Solvent-Based

·     Hot melt

·     Pressure Sensitive

·     Others

 

The adhesives market has been segmented on the basis of end-user-

 

·     Automotive

·     Packaging

·     Electrical & Electronics

·     Building & Construction

·     Woodworking

·     Others

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