DUBLIN, August 12, 2021–(BUSINESS WIRE)–The “Adhesives Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global adhesives market is expected to grow from $58.35 billion in 2020 to $62.44 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The market is expected to reach $75.25 billion in 2025 at a CAGR of 5%.
Major companies in the adhesives market include 3M; Henkel; Sika AG; Dow Chemical Co and BASF.
The adhesives market consists of the sales of adhesives, glues and caulking compounds by entities (organizations, sole traders or partnerships) that produce adhesives, glues and caulking compounds. The adhesives market is segmented into water-based adhesives; solvent-based adhesives; hot-melt-based adhesives and reactive & other adhesives.
Asia Pacific was the largest region in the global adhesives market, accounting for 47% of the market in 2020. North America was the second largest region accounting for 24% of the global adhesives market. Africa was the smallest region in the global adhesives market.
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.
For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company and H.B. Fuller.
Rising geopolitical tensions had a negative impact on the adhesives market during the historic period. Repercussions of geopolitical tensions included sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Many countries placed trade restrictions, especially on imports, to boost local production.
During the historic period technological development was a key driver of the global economy. Industries such as the adhesives industry which involve technology benefited from this trend. Technologies such as hot melts, reactive acrylics and UV systems became popular because of their safety and energy efficiency. Adhesives also replaced mechanical fastening systems due to better performance and overall lower costs. These factors drove the adhesives market during the historic period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Adhesives Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Adhesives Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Adhesives Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Adhesives Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Adhesives Market Trends And Strategies
8. Impact Of COVID-19 On Adhesives
9. Adhesives Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Adhesives Market Regional Analysis
10.1. Global Adhesives Market, 2020, By Region, Value ($ Billion)
10.2. Global Adhesives Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Adhesives Market, Growth And Market Share Comparison, By Region
11. Adhesives Market Segmentation
11.1. Global Adhesives Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Global Adhesives Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.3. Global Adhesives Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Adhesives Market Metrics
12.1. Adhesives Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Adhesives Market Expenditure, 2015-2025, Global
Dow Chemical Co
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210812005666/en/
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