Industrial Adhesive Market
Industrial Adhesive Market Overview:
Industrial Adhesives are used to bond substrates via adhesion (surface bonding) and cohesion (internal strength). Industrial adhesives can be used in various applications from packaging to be building and construction. These adhesives are user-friendly and allow permanent assembly of similar and dissimilar substrates. For instance, hot-melt or spray adhesives can be used to bond fabric to wood, plastic, or metal, thus avoiding the need for stitching. The increasing demand for industrial adhesives can be attributed to stringent environmental regulations resulting in the use of water-based adhesives instead of solvent-based in the construction, aerospace, and automotive industries.
Industrial Adhesives are increasingly used as an alternative to mechanical fastening, welding and other joining methods. Using Industrial Adhesives business are able achieve optimized manufacturing processes & design options. With the emerging technologies. Owing to the efficacy Industrial Adhesives demonstrates, it is widely used across a diverse range of industrial sectors. Based on the industries and its use, Industrial Adhesives have been bifurcated such as Automotive Adhesives, Medical Device Adhesives, and Packaging Adhesives etc.
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Industrial Adhesive Market Key Players:
Industrial Adhesives Market Includes: Henkel AG & Co. KGaA, H.B. Fuller, The Dow Chemical Company, Sika AG, Cytec Industries Inc, Hitachi Chemical Co, Avery Dennison, Bostik SA, RPM international Inc, Wacker Chemie AG and among others.
Industrial Adhesive Market Segments:
For the convenience of the report and enhanced understanding; The Industrial Adhesive Market is segmented in to 3 key dynamics.
Segmentation by Application: Comprises automobile, construction, electronics and electrical, personal utilities, Medical devices.
Segmentation by Types: Comprises Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane and Ethyl Vinyl Acetate and other.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
July 18, 2017 - H.B. Fuller Company (US based with the global presence) one of the global adhesives provider acquired Adecol Ind. the largest manufacturer of industrial adhesives and adhesive technologies in Brazil.
December 01, 2017 - DELO Industrial Adhesives expanded its product range by introducing a new potting compound for automotive and power electronics. The new product - DELO-DUOPOX CR8031 protects electronic components such as sensors even at high temperatures and is easy to handle. The two-component epoxy resin shows good adhesion to various plastics such as PA or ABS. Even with PE, a compression shear strength of 20 MPa was reached after plasma pre-treatment, although this cheap and resistant plastics is difficult to bond due to its low surface energy.
Jan. 27, 2017 - H.B. Fuller Company announced that, it has purchased (acquired) the industrial adhesives business of Wisdom Worldwide Adhesives, a provider of adhesives for the packaging, paper converting, and assembly markets.
Sept. 04, 2017 – H.B. Fuller Company announced that it has signed an agreement to purchase Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants.
April 21, 2017 – SikaCorporation, a supplier of innovative adhesive and sealant solutions, announced the launch of SikaFast-3300 and SikaFast-3500 Structural methyl methacrylate (MMA) adhesives for transportation and industrial assembly applications.
Industrial Adhesive Market Application:
Industrial Adhesives are used on numerous transport and marine applications such as exterior vehicle trim, interior vehicle trim, vehicle assembly, and others to provide thermal resistance to the final products. They are also used for fabricating spare parts of automobiles and add cost-effective nature to the vehicles. The automobile sector has observed a higher growth in the market due to extensive use of adhesives in vehicles due to their ability to withstand thermal load, compression resistance, and others. Additionally, the growing mergers and acquisitions among the leading companies have resulted into a significant growth in the market over the last couple of years.
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Industrial Adhesives are increasingly used as an alternative to mechanical fastening, welding and other joining methods. Using Industrial Adhesives business are able achieve optimized manufacturing processes & design options. With the emerging technologies. Owing to the efficacy Industrial Adhesives demonstrates, it is widely used across a diverse range of industrial sectors. Based on the industries and its use, Industrial Adhesives have been bifurcated such as Automotive Adhesives, Medical Device Adhesives, and Packaging Adhesives etc.
Industrial Adhesives Market Regional Analysis:
Geographically, Asia Pacific region holds the major portion of global industrial adhesives market. China is the leading country in the region owing to growing production capacity and infrastructure facilities in heavy end-use industries. Increasing demand for industrial adhesives in packaging, construction, wood & furniture, and automotive has boosted the market demand in Japan, and India. North America has witnessed a significant growth owing to increasing consumption of adhesives and this has led to a surge in the demand for the product in construction industries. A remarkable growth has been witnessed by the European region due to increasing demand for the product in automotive, construction, and other sectors. Additionally, due to growing research & development activities and innovations about the product, the market is projected to grow at a higher CAGR in Europe over the forecast period.
On the other hand, the growing popularity of adhesives and their boundless use in major industries is projected to boost the market growth over the assessment period.
Industrial Adhesives Market Competitive Landscape:
Industrial Adhesives Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Industrial adhesives market is set to grow at a rapid rate which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers functioning in the industrial adhesives market are struggling to respond to the growing demand for the product from packaging, construction, wood & furniture, automotive and other sectors attributed to technological advancement and extensive use of the product in major sectors. They ensure to deliver the best quality products based on innovative technologies, and best practices.
Industrial Adhesive Market Table of Content to be Continue……,
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