Global Adhesives Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
12 Feb, 2021
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.
Global Adhesives Market Size And Drivers:
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%. 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.
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Trends 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.
Global Adhesives Market Segments:
The global adhesives market is further segmented based on type, application, product type and geography.
By Type: Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives.
By Application: Packaging, Construction, Laminates, Woodstock and Furnishing, Automobile, Footwear, Others.
By Product Type: Acrylic, PVA, Polyurethanes, Styrene Block, Epoxy, EVA, Others.
By Geography: The global adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global adhesives market, accounting for 47% of the market.
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Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides adhesives market overviews, analyzes and forecasts market size and growth for the global adhesives market, adhesives market share, adhesives market players, adhesives market segments and geographies, adhesives market’s leading competitors’ revenues, profiles and market shares. The adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.