Industrial Adhesives Market by Technology, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44848
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The industrial adhesives market has the potential to grow by USD 16.98 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.73%.

This industrial adhesives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (water-based adhesives, solvent-based adhesives, hot melt adhesives, and reactive adhesives), geography (APAC, North America, Europe, MEA, and South America), and end-user (building, woodworking, packaging, transportation, pressure-sensitive products, and others). The industrial adhesives market report also offers information on several market vendors, including 3M Co., Arkema SA, Ashland Global Holdings Inc., Avery Dennison Corp., BASF SE, DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG, and Co. KGaA, Hexcel Corp., and Solvay SA among others.

What will the Industrial Adhesives Market Size be in 2021?

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Industrial Adhesives Market: Key Drivers and Trends

The increasing replacement of mechanical fasteners with industrial adhesives is notably driving the industrial adhesives market growth, although factors such as the rise in the price of industrial adhesives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial adhesives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the industrial adhesives market is the increasing replacement of mechanical fasteners with industrial adhesives.
  • The advanced materials and complex manufacturing requirements have led to an increase in preference for industrial adhesives over conventional fastening methods.
  • Manufacturers are using adhesives in industrial applications, owing to their superior product performance and better operation while requiring less heat input.
  • There is a rise in the replacement of mechanical fasteners with industrial adhesives in various end-user heavy industries such as construction and aerospace.
  • The rise in demand for lightweight and low carbon emission vehicles is another key factor supporting the industrial adhesives market.
  • Automotive manufacturers switching to new materials such as composites, aluminum, and lightweight grades of steel, also require a new method for bonding parts of vehicles other than welding and fasteners.
  • Traditional methods are replaced by enhanced adhesives with superior bonding capabilities, which, in turn, helps in reducing the weight of vehicles and increase fuel efficiency.
  • Many industrial adhesive manufacturers are offering products to automotive OEMs to develop lightweight vehicles and promote sales.

This industrial adhesives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Adhesives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Arkema SA
  • Ashland Global Holdings Inc.
  • Avery Dennison Corp.
  • BASF SE
  • DuPont de Nemours Inc.
  • H.B. Fuller Co.
  • Henkel AG and Co. KGaA
  • Hexcel Corp.
  • Solvay SA

 

This statistical study of the industrial adhesives market encompasses successful business strategies deployed by the key vendors. The industrial adhesives market is fragmented and the vendors are deploying growth strategies such as switching to plastics, composites, and non-ferrous materials for manufacturing specialty adhesives which are in growing demand to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial adhesives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Adhesives Market?

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47% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the industrial adhesives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the commercial and residential construction sector, along with the increasing investments in infrastructure development will facilitate the industrial adhesives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Industrial Adhesives Market?

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The industrial adhesives market share growth by the water-based adhesives segment will be significant during the forecast period. The rise in the global commercial and residential construction sector, along with the increasing investments in infrastructure development in the region, will fuel the demand for industrial adhesives. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial adhesives market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Industrial Adhesives Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial adhesives market growth during the next five years
  • Precise estimation of the industrial adhesives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial adhesives industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial adhesives market vendors

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Industrial Adhesives Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.73%

Market growth 2021-2025

$ 16.98 billion

Market structure

Fragmented

YoY growth (%)

3.11

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Arkema SA, Ashland Global Holdings Inc., Avery Dennison Corp., BASF SE, DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Hexcel Corp., and Solvay SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial adhesives market growth will increase by $14611.94 million during 2019-2024.
The industrial adhesives market is expected to grow at a CAGR of 5.48% during 2019-2024.
Technavio has segmented the industrial adhesives market by technology (Water-based adhesives, Solvent-based adhesives, Hot melt adhesives, and Reactive adhesives) ,end user (Building and woodworking, Packaging, Transportation, Pressure-sensitive products, and Others) , and geographic (APAC, North America, Europe, MEA, and South America).
3M Co., Arkema SA, Ashland Global Holdings Inc., Avery Dennison Corp., BASF SE, DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG & Co. KGaA, Hexcel Corp., Solvay SA are a few of the key vendors in the industrial adhesives market.
APAC will register the highest growth rate of 46.86% among the other regions. Therefore, the industrial adhesives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial adhesives market growth are:
  • Increasing replacement of mechanical fasteners with industrial adhesives
The industrial adhesives market vendors should focus on grabbing business opportunities from the water-based adhesives segment as it accounted for the largest market share in the base year.
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