Adhesives are substances applied to one surface or both surfaces of two separate items that binds them together and resists their separation. The term ‘adhesives’ is used interchangeably with glue, cement, mucilage, or paste.
The top five companies covered are 3M, Henkel, Sika AG, Dow Chemical Co., and BASF. 3M was the largest company in the adhesives market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Adhesives Global Market Size
The global adhesives market was valued at around $65 billion in 2017. Asia Pacific was the largest region in the adhesives market in 2017, accounting for nearly 45% market share. China was the largest country in 2017, accounting for nearly 25% market share.
Adhesives Global Market Trend
Adhesives companies are developing new adhesives to cater to the needs of various industries. The various types of adhesives being developed are pressure-sensitive adhesives, pre-cut layered adhesive films and stick-to-skin adhesives. Pressure-sensitive adhesives are used in HVAC (heating, ventilation and air conditioning) duct work, automotive assembly and sound/vibration damping films. Pre-cut layered adhesive films that address vibration and noise concerns save time in assembly. Stick-to-skin adhesives are used in monitoring and drug delivery devices.
Adhesives Global Market Segmentation
Adhesives market is segmented into Water-based, Solvent-based, Hot-melt-based and Reactive & others.
Water-based adhesives are formulated either from natural polymers or soluble synthetic polymers which may be supplied as solutions or formulated as dry powders.
Solvent-based adhesives are formulated on an elastomer dissolved in a solvent or phenolic/formaldehyde resins dissolved in a solvent.
Hot-melt-based adhesives are known as hot glue, a form of thermoplastic adhesive that is heated to create a melt before applying to the surface and is designed to be melted in an electric hot glue gun.
Reactive & others adhesives are generally made out of monomer (resin) and an initiator.