Global Adhesives Market | Growth, Trends, Analysis, Share

1
Construction Industry Growth to Drive the Global
Adhesives Market Progress at 5.71 CAGR by 2028
Triton Market Research presents the Global
Adhesives Market report segmented by Technology
(Water- based, Solvent-based, Hot Melt, Reactive
Others), Product Type (Acrylic, Polyvinyl
Acetate, Polyurethane, Styrenic Block, Epoxy,
Ethylene Vinyl Acetate, Other Product Types),
Application (Pressure Sensitive, Packaging,
Construction, Furniture, Footwear, Automotive,
Other Applications), and by Geographical Region
(North America, Europe, Asia-Pacific, Latin
America, Middle East and Africa), discussing
Market Summary, Industry Outlook, Impact of
COVID-19, Key Insights, Porters Five Forces
Analysis, Market Attractiveness Index, Vendor
Scorecard, Market Strategies, Drivers,
Restraints, Opportunities, Competitive
Landscape, Research Methodology Scope, Global
Market Size, Forecasts Analysis (2021-2028).
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request-free- sample As per a Triton Market
Research report, the Global Adhesives Market is
progressing at a CAGR of 5.71 (value) and 4.30
(volume) during the forecast period
(2021-2028). An adhesive compound adheres or
bonds two or more substrates together. It is
usually produced from natural or synthetic
resources.
2
Several top players in the construction industry
believe that using adhesives in the construction
industry can revolutionize the field of
engineering. These materials have the ability to
change the designs of modern building structures
in areas that are likely to experience natural
disasters. By drastically reducing the weight of
a building, construction firms can reduce the
impact of natural disasters during an
earthquake. Thus, the growing demand from the
construction industry is expected to drive the
market growth in the coming years. However,
several restrictions from regulatory bodies like
the National Institute for Occupational Safety
and Health (NIOSH) and the EPA (Environmental
Protection Agency) are restraining this
development. The Asia-Pacific market is estimated
to grow at the fastest rate over the forecast
period. The region is also the leading market
globally, accounting for the highest share.
Adhesives are increasingly being used for
various applications in construction, automotive,
furniture, medical, etc. The rise in the use of
adhesives in these end-use industries is expected
to provide lucrative growth opportunities to the
studied market. Furthermore, increased government
support and FDI are also contributing to the
market progress. The rules for foreign direct
investment have been relaxed in many countries
such as India, which has proven beneficial for
market growth. Eastman Chemical Company, Arkema
SA, Hexcel Corporation, Sika AG, Dow Chemical
Company, Ashland Global Specialty Chemicals Inc,
Momentive Performance Materials Inc (MPM), Henkel
AG Co KGaA, HB Fuller Company, Uniseal Inc,
RPM International Inc, Avery Dennison
Corporation, 3M Company, Beardow Adams
(Adhesives) Limited, Huntsman Corporation, and
BASF SE are the renowned players in this
market. Numerous companies around the world
manufacture and sell adhesives, with only a few
dominating the market, which makes the industry
fragmented and intense. With bigger players
dominating the market, the chances of local
players entering the market are drastically
reduced. Moreover, these big market players are
involved in increasing their market share through
MAs and the development of new and innovative
products and applications, which intensifies the
rivalry among them. For instance, in 2017, HB
Fuller Company completed the acquisition of Royal
Adhesives. Contact Us sales_at_tritonmarketresearc
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