What Fueled The Previous Growth In The Reactive And Other Adhesives Market?
The reactive and other adhesives market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant expansion in the size of the market for reactive and other adhesives. The market's value is projected to increase from $12.49 billion in 2024 to $13.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%.
The growth observed in the past period is primarily driven by industrial manufacturing, progress in material science, development in construction and infrastructure, as well as advancements in the electronics and microelectronics sectors.
What Is The Expected Growth In The Reactive And Other Adhesives Market Size Evolve over the Forecast Period?
The reactive and other adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of reactive and other adhesives is anticipated to witness significant growth, reaching $17.55 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%.
This growth expected during the forecast period can be attributed to factors such as electric vehicle (ev) manufacturing, renewable energy sources, custom formulas, medical device production, and healthcare advancements. Key trends to watch for during this period include green and sustainable adhesives, miniaturization and microbonding technologies, 3D printing, additive manufacturing, and the development of smart adhesives.
What Main Forces Are Fueling Expansion In The Reactive And Other Adhesives Market?
Predicted growth in the automobile industry is set to benefit the adhesive market in the projected period. The manufacturing of lightweight vehicles is on the rise, subsequently increasing the demand for adhesives and sealants. As these products can replace welded joints, mechanical fasteners, and gaskets, they can significantly decrease the overall weight of a car. For example, the international association of automobile manufacturers based in France, the Organisation Internationale des Constructeurs d'Automobiles (OICA), reported a notable surge in the worldwide automotive industry in 2023. The total production of vehicles reached a staggering 93546599 units, a notable jump from the 85016728 units produced the previous year in 2022. This progression in the automobile sector is, therefore, steering the growth of the recreative and other adhesives market.
What Are The Primary Segments In The Global Reactive And Other Adhesives Market?
The reactive & other adhesives market covered in this report is segmented –
1) By Type: Epoxy, Acylic, Silicone, Polyurethane, Other Types
2) By Additive: Polyurethane, Acrylic, Silicone, Vinyl, Epoxides, Other Additives
3) By Application: Building And Construction, Automotive And Transportation, Power, Electrical And Electronics, Other Applications
Subsegments:
1) By Epoxy: One-Component Epoxy Adhesives, Two-Component Epoxy Adhesives
2) By Acrylic: Structural Acrylic Adhesives, Anaerobic Acrylic Adhesives
3) By Silicone: One-Part Silicone Adhesives, Two-Part Silicone Adhesives
4) By Polyurethane: Reactive Hot Melt Polyurethane Adhesives, Non-Reactive Polyurethane Adhesives
5) By Other Types: Cyanoacrylate Adhesives, Hybrid Adhesives
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How Are Emerging Trends Reshaping The Dynamics Of The Reactive And Other Adhesives Market?
Numerous companies in the adhesive sector are embracing the use of IoT (Internet of Things) technology for interconnecting equipment and intelligent devices in order to gain real-time insights and pinpoint inefficiencies in their manufacturing operations. The data gathered is processed, examined, and deciphered by plant supervisors and top-tier management to elevate the product quality and reach peak production quantities. For example, intelligent systems provide details about the operational state and performance of chemical reactors, utilizing inbuilt software and analytical tools to alert plant workers and managers of potential machinery malfunctions. Companies like BASF SE, The Dow Chemical Company, and H.B. Fuller are some of the key names who have integrated IoT into their operations.
Who Are the Key Players In The Reactive And Other Adhesives Market?
Major companies operating in the reactive & other adhesives market include:
• BASF SE
• 3M Company
• Adco Global Inc.
• Adhesives Research Inc.
• American Biltrite Inc.
• Avery Dennison Corporation
• Chemence Inc.
• Collano Adhesives AG
• Dow Chemical Company
• H.B. Fuller Company
• Huntsman Corporation
• Illinois Tool Works Inc.
• Jowat SE
• KMS Adhesives Limited
• Arkema SA
• Henkel AG & Co. KGaA
• Pidilite Industries Limited
• Sika AG
• Ashland Inc.
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• Master Bond Inc.
• Franklin International Inc.
• Hexion Inc.
• LORD Corporation
• Dymax Corporation
• RPM International Inc.
• Royal Adhesives & Sealants LLC
• Scott Bader Company Ltd.
• Soudal NV
• Toyo Ink SC Holdings Co. Ltd.
• Wacker Chemie AG
• Bostik SA
• Dynea AS
• EMS-Chemie Holding AG
• Evonik Industries AG
• Hernon Manufacturing Inc.
• ITW Performance Polymers & Fluids
• JX Nippon ANCI Inc.
• L&L Products Inc.
What Is The Most Dominant Region In The Reactive And Other Adhesives Market?
Asia-Pacific was the largest region in the reactive and other adhesives market in 2023. North America was the second-largest region in the global reactive & other adhesives market. The regions covered in the reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
