Construction, Transportation, and Consumer Applications to Drive the Adhesive Resin Market


Posted August 13, 2018 by abhijeetw1

The adhesive resin market is estimated to reach 5,012.80 Thousand Tons by volume by 2020, signifying a firm CAGR of over 4.14% between 2015 and 2020.

 
The global adhesive resin market, along with its applications, has witnessed a high growth for the past few years and this growth is estimated to increase in the coming years. This growth is largely fueled by the increasing applications, technological advancements, and growing demand in the Asia-Pacific region. Key end user markets for adhesive resins vary from construction to packaging and labeling, woodworking, transportation, footwear, and automotive industry. These major end user industries are growing, which in turn has spurred the growth of adhesive resins.

The global value of adhesive resin market was estimated to be about $11,339.66 Million in 2015 and is projected to reach $14,387.78 Million by 2020, growing at a CAGR of 4.88% between 2015 and 2020. Currently, the Asia-Pacific region is the largest consumer of adhesive resins and is estimated to grow at the highest CAGR. The countries such as China, Japan, and India is expected to lead the Asia-Pacific market, with China having the largest share in the regional volumetric consumption of adhesive resins. The market volume of adhesive resin is comparatively low in the RoW region, but the estimated growth for the region is second highest after Asia-Pacific.

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This study basically aims to estimate the global market of adhesive resins for 2015 and to project its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global adhesive resin market. We have used various secondary sources such as directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources–experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess the future prospects of adhesive resins.

Asia-Pacific is the biggest and the fastest growing region due to the growing demand for adhesive resins in India, China, Japan, South Korea, and Australia. North America is a matured market and is expected to grow with a low CAGR till 2020.

On the basis of resin type:

Polyacrylic Ester (PAE)
Polyvinyl Acetate (PVA)
Vinyl Acetate Ethylene (VAE)
Synthetic Rubber (SBS, CR & SIS)
Polyamide
Ethylene Vinyl Acetate (EVA)
Polyurethane
Formaldehyde-based
Epoxy
Modified Acrylate & Methyl Methacrylate (MMA)
Cyanoacrylate
Others
On the basis of formulating technology:

Water-based
Solvent-based
Hot Melt
Reactive & Others
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On the basis of application:

Paper & Packaging
Building & Construction
Wood-working
Transportation
Consumer/DIY
Leather & Footwear
Others (Assembly/Production)
Adhesives help bond two surfaces together, and offer several benefits over other binding techniques such as mechanical fastening, sewing, and thermal bonding. Adhesives feature the ability to bind diverse materials, and provide superior binding strength by distributing stress more efficiently across the joint. In addition to being a cost effective binding technique, adhesives also help enhance the aesthetic appeal of materials. Adhesives are indispensable in a wide range of industrial and commercial applications. From construction, packaging, automotive, furniture, footwear, electronics, ship-building, medical, to aerospace, adhesives are widely used in the manufacturing process. Specialty engineering adhesives are used in the construction and automotive industries, while general-purpose adhesives find applications in both commercial and industrial sectors like consumer goods and packaging. Encouraged by the advancements in curing technologies, adhesives are finding wider use in specialized applications in aircraft manufacturing and food processing.

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Issued By marketsandmarkets
Country United States
Categories Business
Tags Adhesive Resin Market , Adhesive Resin
Last Updated August 13, 2018