Market Research Report
Global Industrial Adhesives Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||609157|
|Published||Content info||136 Pages
Delivery time: 1-2 business days
|Global Industrial Adhesives Market 2019-2023|
|Published: May 2, 2019||Content info: 136 Pages||
Growing requirement for packaged food and beverage will drive the global industrial adhesives market. The growth of the global packaged food and beverage market is driven by factors such as easy cooking consumption, and handling. Also packaged food and beverage products are safe from external tampering. Industrial adhesives are used in food packaging in the laminating process of plastic films and aluminum foils, which is used as packaging materials for various kinds of food. Technavio' s analysts have predicted that the industrial adhesives market will register a CAGR of over 5% by 2023.
There is consistent demand for lightweight and low carbon emission vehicles over the years, the vehicles aid in achieving better fuel efficiency and improved handling by lessening the overall weight of the vehicle. Such benefits offered by industrial adhesives are likely to fuel the market growth during the forecast period.
The demand of industrial adhesives is expected to grow at a significant rate during the forecast period. However, the market is facing challenges due to high price of industrial adhesives, especially in price sensitive markets, such as developing economies.
For the detailed list of factors that will drive and challenge the growth of the industrial adhesives market during the 2019-2023, view our report.
The market appears to be highly fragmented and with the presence of several companies including H.B. Fuller Company and Henkel AG & Co. KGaA the competitive environment is quite intense. Factors such as the growing requirement for packaged food and beverage and rise in demand of lightweight and low carbon emission vehicles, will provide considerable growth opportunities to industrial adhesives manufactures. 3M, Arkema, Avery Dennison Corp., H.B. Fuller Company, and Henkel AG & Co. KGaA are some of the major companies covered in this report.