Adhesive Market Latest Trends, Demand And Analysis 2025

Global Adhesive Market: Snapshot

Owing to the drift in trend of using adhesives instead of fasteners and welding processes, the adhesives market is anticipated to have major growth rates in the years to come. The demand for adhesives is increasing by the day because of the introduction of bio-based adhesives due to green revolution. These eco-friendly adhesives can also be used underwater thus, increasing the demand to face an upward trend. This demand for adhesives is likely to rise in the coming years owing to the introduction of various kinds of adhesives for different purposes and its acceptance all over the world.

The choice of adhesives over mechanical assembling is much better and cost effective. Apart from that it also provides safety in applications like LED chip encapsulation, Circuit board housing, battery cells, cable connections and wire harness. It also provides a protective seal when applied on the surface of the object by not letting the process of oxidization to take place. With screwing, welding, riveting, and other such assembly methods, attachment was only limited to likewise materials like glass-to-glass, metal-to-metal and plastic-to-plastic but with the application of adhesives, the range of bonding substances has widened and now one may use a glass-to-metal or plastic-to rubber widely.

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Adhesives do not produce any deformation or damage in the substance or material and improves the aesthetics of the product with no corrosion or noise or vibration. Adhesives are now being used in vehicle and aircraft manufacturing as well. Since the orthodox methods like screwing and welding are no longer being used, the adhesive market is anticipated to be boosted up in the coming years. Nowadays, fuel consumption is important and light weight vehicles are preferred, manufacturers are focusing more on using adhesives unlike welding, which would rather increase the weight of the vehicle.

The global adhesive market is presumed to be worth US$55.8 bn within the forecast period of 2017 to 2025 with a CAGR of 5.62%.

Acrylic Adhesive Generating More Revenue Owing to Waterproof Fixing Ability

On the basis of application, the global adhesive market is segmented into consumer, footwear and leather, automobile, construction, rigid, flexible and packaging. Based on type segmentation, the global adhesive market is classified into hot melt, solvent based and water based.

Based on segmentation by product, the adhesives market is categorized into EVA, epoxy, rubber, polyester, poly vinyl acetate (PVA), acrylic and polyurethane. Among these, the demand for acrylic adhesive is higher as compared to the others because acrylic adhesive can fix wood, glass, metal and is also waterproof. The demand for acrylic adhesive is presumed to remain high in the years to come.

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Some of the Major players in the global adhesive market are Pidilite Industries Limited, Henkel AG & Company KGaA, and 3M Company. These players are strictly focused on inventing new products for consumers. They may also merge with other companies to produce better end results for the consumers and overall more profit for the market. Since the manufacturing of eco-friendly products is also important, players are anticipated to use bio-based adhesives as well.

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