Industrial Adhesives Global Consumption to touch 30 billion lbs ($40bn) by 2020
Wednesday 23 Oct 2013
Industry Experts has today announced release of the new market research report on Industrial Adhesives. The report discusses the global market for industrial adhesives product types and technologies. As per the report, global consumption for industrial adhesives is estimated at 21.3 billion lbs valued at US$26.7 billion and projected to reach about 30 billion lbs equated to US$40 billion growing by compounded annual growth rate (CAGR) of 5.1% and 6% respectively for volume and value for the period 2013-2020.
Principal elements for the high rate of growth in the 100% reactive adhesive category include a recovery in the manufacturing sector and a trend towards production substitution in favor of higher value materials. The robust gains indicated for hot melt adhesives are characteristic of their responsiveness to rapid processing speeds, in addition to lack of volatile organic compound (VOC) emissions, which is of specific benefit in the packaging sector. While alternative formulations have eaten away into the growth prospects of solvent-based adhesives over the past few years, the prospect of an above-average growth for this adhesive category is very much on the cards. This can be attributed primarily to a once-again burgeoning construction sector and efforts undertaken by suppliers in cutting down VOC emissions. As was the case in the past, water-based adhesives are slated to maintain sustained growth over the analysis period, the primary reason for which is the absence of volatile organic compound (VOC) emissions in their utilization.
The report reviews, analyses and projects the industrial adhesives market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 16 independent countries across North America – The United States, Canada and Mexico; Europe – Germany, France, the United Kingdom, Italy, Spain and Russia; Asia-Pacific –China, Japan, South Korea, India and Taiwan; and South America – Brazil and Argentina.
Industrial Adhesives technologies discussed in this study comprises Water-Based, Solvent-Based, Hot Melts and 100% Reactive. The product segments analyzed in include Acrylics, Water-Based PVAc & VAE, Polyurethane, EVA & Polyethylene Hot-Melts, SBC Hot-Melts, Epoxy, Polychloroprene and Others. The major product segments further classified in to sub-types as Acrylics – Emulsion-Based Acrylics, Solvent-Based Acrylics and Other Acrylics; Polyurethane - Solvent-Based, 100% Reactive, Hot-Melt and Water-Based.
The global markets for the above mentioned product types and technologies for industrial adhesives are analyzed in both value in US$ and the volumes in million pounds (lbs). The report covers the global market for industrial applications only and excludes any other usages of adhesives. Globally, acrylic adhesives is the largest individual segment among other industrial adhesives product types with market estimated at US$4.6 billion in 2013 and expected to reach US$6.9 billion by 2020 while Polychloroprene is projected grow faster with a CAGR of 6.7% during 2010-2020.
This 740 pages, global market report includes 669 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 39 key global players and 92 major players across North America – 36; Europe – 17; and Asia-Pacific – 39. The research also provides the listing of the companies engaged in manufacturing and supply of industrial adhesives. The global list of companies covers addresses, contact numbers and the website addresses of 646 companies.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit https://industry-experts.com/verticals/chemicalsandplastics/industrial-adhesives-products-and-technologies-a-global-market-overview.html