Industrial Adhesives Market Outlook To 2024: Key Raw Material Categories (Synthetic, Natural), Type (Water-Based, Hot-Melt Adhesives, Pressure Sensitive Adhesives, Solvent-Based Adhesives), End-Use (Automotive, Construction, Medical Devices, Electrical & Electronics, Packaging), Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global industrial adhesives market was valued at $42 billion in 2015 and is forecast to grow at a steady CAGR of 5.4% between 2016 and 2024, culminating in 2024 global revenue of $61.5 billion. The growth of key end-use industries such as automobile, construction, packaging, electrical & electronics, personal utilities, and medical device is anticipated to boost overall market growth.

 

Global Industrial Adhesive Market

 

Key Product Categories & Technologies

 

Adhesives can be natural or synthetic depending on the source of raw material, adhesives are used to bind two surfaces. Compared to other type of binding techniques they are cost-effective, equally distribute the stress between the surface, their ease of application and increased design flexibility is driving the usage in many industries. The industrial adhesive segment can be classified based on the type of adhesives like epoxy, polyurethane, and ethyl vinyl acetate, acrylic, polyvinyl acetate. Based on the application it can be classified as per the use.

 

Acrylic is a widely used owing to its outstanding performance over other adhesives. Acrylic based composition offers excellent adhesion and is suitable for multiple applications. The Acrylic segment generated revenue of 4200 million USD in 2015 and is expected to grow to 6000 million USD by 2024. Rising consumer awareness towards environmental sustainability is likely to shift the trend from solvent based adhesives to water based. Water based adhesives are eco-friendly in nature. There is tremendous potential for water-based industrial adhesives market as there are no Volatile Organic Compounds (VOC). They are used in label applications, packaging tapes, office tapes, flexible laminations and food packaging as they offer improved chemical and heat resistance, they are expected to drive the market in the forecast period.

 

Hot melt adhesives market is expected to reach 9 billion USD by 2024, solvent free with no or very less VOC is added advantage for the growth. They are having very high demand in developing countries like India, Mexico, China, Brazil and Africa. Market size is expected to expand to 3000-kilo tons by 2024 with a CAGR of 5.5 from 2015 to 2024.

 

Woodworking and Construction segments are expected to show maximum growth in the forecast period due to their wide range of application in flooring, tiling, waterproofing, carpeting, wall covering, insulation, and roofing and in the construction industry for bonding, renovation, maintenance, and repairing in residential, commercial, and civil constructions. Automotive segment is growing at the fastest rate with overall 16% of total market share by 2024 with a CAGR of 4.6 and estimated to reach 13.3 billion USD by 2024. On the other hand, packaging industry shares a major share in a global adhesive industry with 14000 million USD in 2015.

 

Global laminating adhesives with Asia Pacific as the emerging field it is expected to reach 3000 million USD by 2024 with a CAGR of 8.07. Europe and North America together expected to share 55% of the global packaging adhesives market.

 

Technology Outlook

 

Biomimetic dry adhesive technology has advanced very rapidly in recent years and techniques to mass‐produce these materials are now under development. The use of nanomaterials is being investigated widely and recent research suggests that adhesives with enhanced mechanical, thermal and electrical properties will emerge. Smart adhesives, such as switchable types which can be triggered to bond and de‐bond in response to physical or chemical stimuli are under development. Researchers at Rescoll Research Company, France have developed innovative interfacial de-bonding adhesive technologies (INDAR) which allow dismantling of structural assemblies with no damage to the substrates and leaving a clean surface after deactivation.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

Major market players include Henkel, Sika, Dow Chemicals, Bayer, HB Fuller, Lord Corporation, Mactac, and Momentive Specialty Chemicals. Continuous Product development in R&D’s is the key growth factor in the Adhesive market. Exonera, have introduced technologies where two substrates are bonded together with an ion conductive adhesive for electronic applications, Henkel introduced a water-dependable epoxy adhesive, which provides excellent bond strength to both silicon and metal-mounting substrates and 3M’s de-bondable adhesive comprising a shape memory polymer for high-temperature applications.

 

Expansion and M&A are the other key factor for the companies to expand the business scopes, Royal Adhesives & Sealants (United States) announced to acquire Adhesive Systems Inc. for an undisclosed amount. Ellsworth Adhesives Europe recently confirmed its purchase of TRB Lightweight Structure’s Lord adhesive business. Atlas Copco acquired Swedish supplier of adhesive and sealant dispensing equipment.

 

Conclusion

 

Asia pacific will continue to emerge and have the highest share in the market. North America and Europe will continue to develop a wide range of innovative products which are cost effective and environmentally friendly.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Application outlook

 

  • Automotive
  • Construction and woodworking
  • Lamination

 

 

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Industrial Adhesives Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Industrial Adhesives Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis By Raw Material
  • Market Analysis By Type
  • Market Analysis By End-Use
  • Leading Brand Dynamics
  • Key Market Drivers
    • Rapid industrialization in emerging economies
    • Increasing demand from packaging industry
    • Growth of application specific adhesives
  • Key Market Challenges/ Restraints
    • Volatile raw material prices
    • Consumer safety concerns
  • Key Market Opportunities
    • Regulatory policies to foster demand positively
    • Strong demand for high-speed assembly
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Industrial Adhesives Market-PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Upcoming/ Emerging Products and/or Solutions
  • Usage in food packaging
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

Industrial Adhesives Market Landscape by Region- 2015
  • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

  Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • U.S. Pricing Analysis-2015
    • Canada Pricing Analysis-2015
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
    • UK Pricing Analysis-2015
    • Germany Pricing Analysis-2015
    • France Pricing Analysis-2015
    • Italy Pricing Analysis-2015
    • Spain Pricing Analysis-2015
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Brazil Pricing Analysis-2015
    • Mexico Pricing Analysis-2015
    • Colombia Pricing Analysis-2015
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Japan Pricing Analysis-2015
    • China Pricing Analysis-2015
    • India Pricing Analysis-2015
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Saudi Arabia Pricing Analysis-2015
    • UAE Pricing Analysis-2015

Chapter 8: Competitive Landscape

  • Henkel
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Sika AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Dow Chemicals
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Bayer AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • HB Fuller
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Lord Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Mactac
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Momentive Specialty Chemicals.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Lord Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Avery Dennison Corp.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Cytec Industries Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
List of Tables
  • TABLE 1 Industrial Adhesives Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Industrial Adhesives Market, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 3 Global Industrial Adhesives Market by Raw Material, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 4 Global Industrial Adhesives Market by Type, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 5 Global Industrial Adhesives Market by End-Use, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 6 Industrial Adhesives Market - Key Market Driver Analysis
  • TABLE 7 Industrial Adhesives Market - Key Market Restraint/ Challenge Analysis
  • TABLE 8 Industrial Adhesives Market – Key Opportunity Analysis
  • TABLE 9 North America Industrial Adhesives Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 10 U.S. Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 11 Canada Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 12 Europe Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 13 U.K Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 14 Germany Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 15 France Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 16 Italy Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 17 Spain Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 18 Latin America Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 19 Brazil Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 20 Mexico Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 21 Colombia Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 22 Asia pacific Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 23 Japan Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 24 China Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 25 India Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 26 Middle East & Africa Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
  • TABLE 27 Saudi Arabia Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 28 UAE Industrial Adhesives Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 29 North America Pricing Analysis
  • TABLE 30 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 31 U.S. Pricing Analysis-2015
  • TABLE 32 Canada Pricing Analysis-2015
  • TABLE 33 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 34 U.K Pricing Analysis-2015
  • TABLE 35 Germany Pricing Analysis-2015
  • TABLE 36 France Pricing Analysis-2015
  • TABLE 37 Italy Pricing Analysis-2015
  • TABLE 38 Spain Pricing Analysis-2015
  • TABLE 39 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 40 Brazil Pricing Analysis-2015
  • TABLE 41 Mexico Pricing Analysis-2015
  • TABLE 42 Colombia Pricing Analysis-2015
  • TABLE 43 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 44 Japan Pricing Analysis-2015
  • TABLE 45 China Pricing Analysis-2015
  • TABLE 46 India Pricing Analysis-2015
  • TABLE 47 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 48 Saudi Arabia Pricing Analysis-2015
  • TABLE 59 UAE Pricing Analysis-2015
List of Figures-
  • 1 Industrial Adhesives Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Industrial Adhesives Market – PESTEL Analysis
  • 7 Industrial Adhesives Market Share by Raw Material, 2015 & 2024
  • 8 Industrial Adhesives Market Share by Type, 2015 & 2024
  • 9 Industrial Adhesives Market Share by End-Use, 2015 & 2024
 

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • The global industrial adhesive market is expected to grow to 61.5 billion USD by the end of the year 2024 with existing size of 42 billion USD.
  • The Acrylic segment generated revenue of 4200 million USD in 2015 and is expected to grow to 6000 million USD by 2024.
  • Hot melt adhesives market is expected to reach 9 billion USD by 2024, solvent free with no or very less VOC is added advantage for the growth.
  • Major market players include Henkel, Sika, Dow Chemicals, Bayer, HB Fuller, Lord Corporation, Mactac, and Momentive Specialty Chemicals.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global industrial adhesives market was valued at $42 billion in 2015 and is forecast to grow at a steady CAGR of 5.4% between 2016 and 2024, culminating in 2024 global revenue of $61.5 billion. The growth of key end-use industries such as automobile, construction, packaging, electrical & electronics, personal utilities, and medical device is anticipated to boost overall market growth.

 

Global Industrial Adhesive Market

 

Key Product Categories & Technologies

 

Adhesives can be natural or synthetic depending on the source of raw material, adhesives are used to bind two surfaces. Compared to other type of binding techniques they are cost-effective, equally distribute the stress between the surface, their ease of application and increased design flexibility is driving the usage in many industries. The industrial adhesive segment can be classified based on the type of adhesives like epoxy, polyurethane, and ethyl vinyl acetate, acrylic, polyvinyl acetate. Based on the application it can be classified as per the use.

 

Acrylic is a widely used owing to its outstanding performance over other adhesives. Acrylic based composition offers excellent adhesion and is suitable for multiple applications. The Acrylic segment generated revenue of 4200 million USD in 2015 and is expected to grow to 6000 million USD by 2024. Rising consumer awareness towards environmental sustainability is likely to shift the trend from solvent based adhesives to water based. Water based adhesives are eco-friendly in nature. There is tremendous potential for water-based industrial adhesives market as there are no Volatile Organic Compounds (VOC). They are used in label applications, packaging tapes, office tapes, flexible laminations and food packaging as they offer improved chemical and heat resistance, they are expected to drive the market in the forecast period.

 

Hot melt adhesives market is expected to reach 9 billion USD by 2024, solvent free with no or very less VOC is added advantage for the growth. They are having very high demand in developing countries like India, Mexico, China, Brazil and Africa. Market size is expected to expand to 3000-kilo tons by 2024 with a CAGR of 5.5 from 2015 to 2024.

 

Woodworking and Construction segments are expected to show maximum growth in the forecast period due to their wide range of application in flooring, tiling, waterproofing, carpeting, wall covering, insulation, and roofing and in the construction industry for bonding, renovation, maintenance, and repairing in residential, commercial, and civil constructions. Automotive segment is growing at the fastest rate with overall 16% of total market share by 2024 with a CAGR of 4.6 and estimated to reach 13.3 billion USD by 2024. On the other hand, packaging industry shares a major share in a global adhesive industry with 14000 million USD in 2015.

 

Global laminating adhesives with Asia Pacific as the emerging field it is expected to reach 3000 million USD by 2024 with a CAGR of 8.07. Europe and North America together expected to share 55% of the global packaging adhesives market.

 

Technology Outlook

 

Biomimetic dry adhesive technology has advanced very rapidly in recent years and techniques to mass‐produce these materials are now under development. The use of nanomaterials is being investigated widely and recent research suggests that adhesives with enhanced mechanical, thermal and electrical properties will emerge. Smart adhesives, such as switchable types which can be triggered to bond and de‐bond in response to physical or chemical stimuli are under development. Researchers at Rescoll Research Company, France have developed innovative interfacial de-bonding adhesive technologies (INDAR) which allow dismantling of structural assemblies with no damage to the substrates and leaving a clean surface after deactivation.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

Major market players include Henkel, Sika, Dow Chemicals, Bayer, HB Fuller, Lord Corporation, Mactac, and Momentive Specialty Chemicals. Continuous Product development in R&D’s is the key growth factor in the Adhesive market. Exonera, have introduced technologies where two substrates are bonded together with an ion conductive adhesive for electronic applications, Henkel introduced a water-dependable epoxy adhesive, which provides excellent bond strength to both silicon and metal-mounting substrates and 3M’s de-bondable adhesive comprising a shape memory polymer for high-temperature applications.

 

Expansion and M&A are the other key factor for the companies to expand the business scopes, Royal Adhesives & Sealants (United States) announced to acquire Adhesive Systems Inc. for an undisclosed amount. Ellsworth Adhesives Europe recently confirmed its purchase of TRB Lightweight Structure’s Lord adhesive business. Atlas Copco acquired Swedish supplier of adhesive and sealant dispensing equipment.

 

Conclusion

 

Asia pacific will continue to emerge and have the highest share in the market. North America and Europe will continue to develop a wide range of innovative products which are cost effective and environmentally friendly.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Application outlook

 

  • Automotive
  • Construction and woodworking
  • Lamination

 

 

Additional information

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