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Global Industrial Adhesives Market 2019-2023 | Rise in Adoption of Eco-Friendly Adhesives to Boost the Market | Technavio

May 15, 2019

LONDON--(BUSINESS WIRE)--May 15, 2019--

A new market research study by Technavio on the global industrial adhesives market projects the market to grow at a CAGR of over 5% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

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Technavio has published a new market research report on the global industrial adhesives market from 2019-2023. (Graphic: Business Wire)

Increasing replacement of mechanical fasteners with industrial adhesives

There is a rise in replacement of mechanical fasteners with industrial adhesives in various end-user industries and other heavy industries. Manufacturers are using adhesives in industrial applications, owing to their superior product performance and better operation when compared with conventional methods. Also, the use of adhesives eliminates the corrosion associated with the joining of dissimilar metals with different galvanic potential. Therefore, such advantages of industrial adhesives are likely to increase their market demand during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The rise in adoption of eco-friendly adhesives

The growing demand from emerging economies for low-VOC and green, sustainable adhesives has resulted in fueling the need for eco-friendly industrial adhesives. This has resulted in the production of industrial adhesives from renewable, plant-based, and animal-based materials. Moreover, some manufacturers of industrial adhesives are fully committed to formulating environment-friendly adhesives to meet the highest possible standards of environmental health and safety. Thus, the rise in the adoption of eco-friendly adhesives is likely to fuel market demand for industrial adhesives during the forecast period.

According to an analyst at Technavio for chemicals research, “The continuous development of new products is one other factor that is boosting the growth of the global industrial adhesive market. Currently, vendors have come out with hot melt adhesive which can bond foams and fabrics. It has high heat resistance as well as the ability to retain adhesion at very low temperatures. Thus, such innovative product offerings are expected to contribute largely to the growth of the overall global market.”

The rise in the price of industrial adhesives

The demand for industrial adhesives is expected to grow at a significant rate during the forecast period. However, the market is facing challenges due to the volatility in the price of crude oil, which is likely to affect the prices of raw materials and would lead to the rise in the prices of industrial adhesives. This, in turn, could lead to a reduction in the use of industrial adhesives in developing economies where end-users are price-conscious and thus have a significant impact on the growth of the industrial adhesives market during the forecast period.

Top players in the global industrial adhesives   market:

  • 3M
  • Arkema
  • Avery Dennison Corp.
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA

Some of the key topics covered in the global industrial adhesive market include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005496/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/15/2019 09:50 AM/DISC: 05/15/2019 09:50 AM

http://www.businesswire.com/news/home/20190515005496/en