Pressure Sensitive Products Leading Industrial Adhesives Global Market to Reach $40bn by 2020
Monday 28 Oct 2013
Industry Experts has unveiled the new market research report on Industrial Adhesives Applications. The report 'Industrial Adhesives: Products and Applications – A Global Market Overview' explores the industrial adhesives market by product types and end-use applications in terms of both volume and value.
Demand for industrial adhesives is estimated to extend across a wide spectrum of end markets, with transportation, inclusive of automotive and construction likely to take leading positions. A growing number of end-use applications have exhibited a marked shift from traditional mechanical fastener based technologies to adhesive based technologies, prominent among them being the automotive, mobile handheld electronic devices and medical sectors, which are expected to record faster than GDP growths over the coming few years. For instance, in automotive and aircraft manufacturers have initiated the substitution of conventionally used metals with plastics, composites and nonferrous materials in fabrication that helps in reducing weight of the vehicles and reducing fuel consumption.
Traditionally, the global demand and growth for industrial adhesives has had a direct correlation with the chemical industry as a whole, which has averaged at about 3%-4% over the past decade. However, between the years 2008 and 2010, the global economy went into a tailspin, with a major proportion of industries following in its wake, of which the chemical industry was one. With end-users tightening belts and cutting down production due to lack of demand, industry majors had a torrid time in this recessionary period, and the market for industrial adhesives was also adversely affected.
Industrial Adhesives application areas explored in this report encompass Pressure Sensitive Products, Packaging, Construction, Woodworking, Transportation and Other Applications. The report also analyzes the product segments including 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; and Polyurethane - Solvent-Based, 100% Reactive, Hot-Melt and Water-Based.
The global markets for the above mentioned product types and end-use applications 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. Pressure sensitive products accounts for the largest share of about 28% of global consumption of industrial adhesives equated to 5.9 billion lbs closely followed by Packaging with 4.7 billion lbs in 2013. Transportation projected to achieve the fastest 6.3% compounded annual growth rate (CAGR) between 2013 and 2020.
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.
This 787 page global market report includes 709 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-applications-a-global-market-overview.html