Industrial Adhesives Market is expected to grow from USD 41.47 billion in 2016 to USD 53.37 billion by 2021, at a CAGR of 5.2% from 2016 to 2021. Factors such as growth in packaging, construction & woodworking, and transportation end-use industries, and technological advancements drive the growth of the industrial adhesives market.
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The natural material base segment is the fastest-growing segment of the industrial adhesives market, in terms of value. Natural adhesives are capable of being retained on the surface of any substance for a long period of time.
Moreover, these bio-based adhesives are manufactured or extracted from organic resources and thus, they are considered as eco-friendly materials.
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The acrylic segment accounted for the largest share of the industrial adhesives market, by composition in 2015. The physical attributes of acrylic include high cohesion, adhesion, resistance to sunlight and water/moisture, and the ability to withstand temperature fluctuations.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (32%); Tier 2 (40%) and Tier 3 (28%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (43%), Directors Level (12%) and other (45%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (29%), Europe (23%), Asia-Pacific (30%), South America (10%), and Middle East & Africa (8%).
As a part of the qualitative analysis, the report provides a comprehensive overview of key drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by market players across different regions.
The companies profiled in this report are H.B. Fuller (U.S.), Henkel AG & Co. KGaA (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), and The Dow Chemical Company (U.S.), among others.
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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