Adhesives Market Size by Type (Hot Melt Adhesives, Pressure Sensitive Adhesives, Water Based Adhesives, Solvent Based Adhesives, UV Adhesives, Moisture Cure Adhesives, Heat Cure Adhesives), by Application (Packaging Industry, Construction Industry, Automotive Industry, Electronics & Electrical Industry, Furniture & Laminates Industry, Leather & Footwear Industry, Consumer/Do-It-Yourself, Medical Industry ) by Origin - Global Forecast to 2022

An adhesive is a material used for holding two surfaces together. An adhesive is prepared based on various types & techniques such as water based adhesives, solvent based adhesives, hot melt adhesives, pressure sensitive adhesives, and reactive adhesives. Adhesives play a very important role in various industries such as packaging, automotive, construction, footwear, medical industry, and many others for the bonding and assembly of various products. The use of adhesives in laminating, bonding, and assembling of various components is increasing due to rising preference for smaller, lighter, and aesthetic vehicles, electronics, furniture, and other products. The growing end user industries; and increasing demand for consumer goods with rising urbanization and improving life style of the population have significantly impacted the growth of formulated adhesives market. 

Global Adhesives Market is expected to reach USD 53,503.0 million by 2022, supported by a CAGR of 4.5% during the forecast period of 2017 to 2022.

Following a comprehensive research on adhesives market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, trends, and opportunities, listed in the market dynamics segment. Growing demand for consumer goods with rising urbanization & improving lifestyle, rising demand for hot melts adhesives, and growing automotive industry & rising demand for lightweight and low carbon emitted vehicles are the key market drivers covered in the report which will support the industry growth in the forecast period. Further, rising demand from emerging economies and growing need for eco-friendly, low VOC, & green sustainable adhesives offers significant opportunities for the growth of adhesives market during the forecast period. However, volatile raw material prices hamper the growth of the global adhesives market.

The report further gives an extensive outlook on the industries served by the adhesives products. These industries include packaging industry, construction industry, automotive industry, electronics & electrical industry, furniture & laminates industry, leather & footwear industry, consumer use, and medical industry among others. The application segment further briefly talks about the trends impacting the growth of these markets and the benefits involved with the use of adhesives products in these industries to improve overall operational efficiency.

An exhaustive analysis of the geographical scenario of the industry for the five major geographies: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is included in the geographical analysis section. These regions are further analysed at a country level with the detailed qualitative and quantitative analysis. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. Asia-Pacific region accounted for the largest share of the global adhesives market, followed by Europe, North America, Latin America, and Middle East & Africa. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.

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The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The study has also incorporated the market share analysis of leading players and detailed profiles of 15 top market players across the value chain of the industry, including detailed financial performance, product offerings, and strategic growth initiatives of each player.

The key players in the global adhesives market are 3M (U.S.), H.B. Fuller (U.S.), Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (U.S.), Sika AG (Switzerland), Arkema (France), Huntsman Corporation (U.S.), Avery Dennison (U.S.) Wacker Chemie AG (Germany), Royal Adhesives and Sealants (U.S.), Franklin International, Inc. (U.S.), LORD Corporation (U.S.), and Illinois Tool Works Inc. (U.S.).

Scope of the report

Market by Type:

• Non-Reactive Adhesives
  • Water based adhesives
  • Solvent based adhesives
  • Hot melt adhesives
  • Pressure sensitive adhesives
• Reactive adhesives
  • Multi-part adhesives
  • One-part adhesives
    • Temperature curing adhesives
    • Moisture curing adhesives
    • UV curing adhesives

 Market by Origin:

• Natural
• Synthetic
  • Acrylics
  • Polyvinyl acetate (PVAC)
  • Vinyl acetate-ethylene (VAE)
  • Polyurethane
  • Ethylene-vinyl acetate (EVA)
  • Polyethylene
  • Others

Market by Application:

• Packaging industry
• Construction industry
• Automotive industry
• Electronics & electrical industry
• Furniture & laminates industry
• Leather & footwear industry
• Consumer/do-it-yourself
• Medical industry
• Others

Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Turkey
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

Overview of primary interviews

Key questions answered in the report- 

Growing packaging, construction, automotive, and electronics industry to drive the adoption of adhesives

• How does the penetration of adhesives in various industrial applications including packaging, construction, automotive, electrical & electronics, furniture, and footwear industry differ from the penetration in consumer/do-it-yourself applications?
• Which are the high growth market segments in terms of type, origin, application, and regions/countries?

Medical industry applications account for a relatively smaller proportion of all applications of adhesives globally

• What factors contribute to the growth of usage of adhesives in medical industry?
• Conversely, which geographic segment is expected to experience the fastest growth for medical applications? 

The Asia-Pacific adhesives market favours both larger and local manufacturers that compete in multiple segments

• Who are the top competitors in this market and what strategies do they employ to gain shares?
• Which segments of the adhesives market are expected to offer lucrative revenue growth over the forecast period and why?
• What strategies should the new companies focus to enter this market and to compete effectively?
• What are the major drivers, restrains, opportunities, and trends in the global adhesives market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/ countries? 

Recent partnerships, acquisitions, and expansions have taken place in the adhesives space.

• What companies have recently merged/acquired and how will these unions affect the competitive landscape of the adhesives space?
• What companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global adhesives market and what share of the market do they hold?
• Who are the local emerging players in the global adhesives market and how do they compete with the global players?