Plastic Adhesives Global Market To Reach Value Of About $9.12 Billion In 2025
3 Jun, 2021
The plastic adhesives market consists of sales of plastic adhesives by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing plastic adhesives. Plastic adhesives refers to special type of adhesives used for binding plastic materials together such as polycarbonate, acrylic, styrene, and other plastics. It is used for fixing home appliances such as a computer, phones, audio appliances and for fixing car parts, electrical tubes, and others. Only goods and services traded between entities or sold to end consumers are included.
Global Plastic Adhesives Market Size And Drivers:
The global plastic adhesives market is expected to grow from $6.15 billion in 2020 to $6.69 billion in 2021 at a compound annual growth rate (CAGR) of 8.72%. The growth in the forecast period can be attributed to increase in demand for plastic adhesives from the building and construction industries and other end users, such as automobile industry. The plastic adhesives market is expected to reach $9.12 billion in 2025 at a CAGR of 8.06%. Increasing demand for plastic adhesives from the construction sector coupled with the growth of the construction industry is anticipated to boost the demand for plastic adhesives market over the forecast period.
Request For A Sample For The Global Plastic Adhesives Market Report:
Trends In The Global Plastic Adhesives Market
Plastic adhesive companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help improve operational efficiency in manufacturing facilities. For example, in 2020, Henkel invested $55 million for new adhesives facility in India.
Global Plastic Adhesives Market Segments:
The global plastic adhesives market is further segmented based on resin type, technology, end user and geography.
By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Others
By Technology: Solvent-Based, Water-Based
By End-User: Automotive, Building And Construction, Electrical And Electronics, Medical, Packaging, Others
By Geography: The global plastic adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the plastic adhesives market in 2020.
Read More On The Report For The Global Plastic Adhesives Market At:https://www.thebusinessresearchcompany.com/report/plastic-adhesives-global-market-report
Plastic Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides plastic adhesives market overviews, analyzes and forecasts market size and growth for the global plastic adhesives market, plastic adhesives market share, plastic adhesives market players, plastic adhesives market segments and geographies, plastic adhesives market’s leading competitors’ revenues, profiles and market shares. The plastic adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.