Market Research Report
Adhesives Global Market Report 2022
|Adhesives Global Market Report 2022|
The Business Research Company
Content info: 400 Pages
Delivery time: 2-10 business days
Adhesives Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global adhesives market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Adhesives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider adhesives market, and compares it with other markets.
Markets Covered: 1) By Type: Water-Based Adhesives; Solvent-Based Adhesives; Hot-Melt-Based Adhesives; Reactive & Other Adhesives
2) By Product Type: Acrylic; PVA; Polyurethanes; Styrenic Block; Epoxy; EVA; Other Product Types
3) By Application: Packaging; Construction; Laminates, Woodstock and Furnishing; Automobile; Footwear; Other Applications
Companies Mentioned: Henkel AG & Co. KGaA; Sika AG
3M Company; Arkema SA; H.B. Fuller
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Bangladesh; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Iran; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; Ukraine; USA; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, adhesives indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major companies in the adhesives market include Henkel AG & Co KGaA, Sika AG, 3M Company, Arkema SA, H.B. Fuller, MAPEI, DuPont Inc, Beiersdorf AG, Sekisui Chemical Co Ltd, and RPM International Inc.
The global adhesives market is expected to grow from $69.74 billion in 2021 to $76.77 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The market is expected to grow to $109.28 billion in 2026 at a CAGR of 9.2%.
The adhesives market consists of the sales of adhesives, glues, and caulking compounds by entities (organizations, sole traders, or partnerships) that produce adhesives, glues, and caulking compounds.
The main types of adhesives are water-based adhesives, solvent-based adhesives, hot-melt-based adhesives, reactive and other types of adhesives. Water-based adhesives are formulated with natural and synthetic polymers that will readily dissolve in water. They harden by evaporating water or by absorption of water into the porous substrate. The product types are acrylic, PVA, polyurethanes, styrenic block, epoxy, Eva, and other product types. The various applications involved are packaging, construction, laminates, woodstock and furnishing, automobile, footwear, and other applications.
Asia Pacific was the largest region in the adhesives market in 2021. North America was the second-largest region in the adhesives market. The regions covered in the adhesives report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
During the historic period, technological development was a key driver of the global economy. Industries such as the adhesives industry which involve technology benefited from this trend. Technologies such as hot melts, reactive acrylics, and UV systems became popular because of their safety and energy efficiency. Adhesives also replaced mechanical fastening systems due to better performance and overall lower costs. These factors drove the adhesives market during the historic period.
Rising geopolitical tensions had a negative impact on the adhesives market during the historic period. Repercussions of geopolitical tensions included sanctions on Russia, trade protectionism, and heightened military tensions in Middle East. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including chemicals and plastics as of January 2020. Continued violence and terrorism in Middle East and other parts globally are also expected to have a negative impact on the market.
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.
The countries covered in the adhesives market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam.