Industrial Adhesives Market growth drivers & Challenges by 2024
Global Market Insights has full outlook report Titled "Industrial Adhesives Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".
Global Industrial Adhesives Market size is expected to expand at moderate growth rate in terms of volume during the forecast period. Healthy growth of the product is attributed to the replacement of mechanical fasteners with these adhesives in various end-user industries such as consumer durables, automotive, construction, packaging, aerospace, and other heavy industries.
Major application of industrial adhesives is in automobile industry, using these adhesives as a substitute to metal fasteners reduces weight of the vehicle by almost 15%. Further, these adhesives are environment friendly as compared to other type of fixtures, as vehicle becomes more fuel efficient due to its low weight, resulting in reduced carbon emissions.
Request for table of contents of this research report@https://www.gminsights.com/request-toc/upcoming/1531
Reasons to Buy This Report:
- Industrial Adhesives Market size & share forecast by product & application, 2017-2024
- Growth drivers, pitfalls & industry challenges
- Key Industrial Adhesives Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
Industrial adhesives are preferred in consumer durables for packaging and assembling, due to ease of its use in terms of flexibility, lesser cure time and better adhesion. Increased number of attractive consumer appliances along with rise in purchase power of consumers have flourished consumer durables market in recent years, thus bolstering global industrial adhesives market.
Europe is forecasted to contribute substantially in industrial adhesives market owing to its developed automobile and aerospace market in Germany, UK, and Spain.
Asia Pacific is the next promising region in the global market due to the booming construction and consumer durable industry in China, India, Japan and South Korea. Establishment of foreign industries owing to business-friendly government policies and rise in residential and commercial projects had boosted infrastructural development in the region.
Further, Asia Pacific is anticipated to contribute significantly and can even exceed European market in terms of consumption of industrial adhesives.
Major global manufacturers in industrial adhesives market are Toyo Polymer Co. Ltd, the Dow Chemical Company, Sika Ag, Pidilite Industries Limited, Mitsubishi Chemicals Corporation, Huntsman Corporation, Henkel Ag & Company, Kgaa, 3M Company, Ashland Inc., BASF Se, Bemis, H. B. Fuller, E. I. Du Pont De Nemours And Company.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688