Industrial Adhesive Market Research Report- Forecast to 2027

Global Industrial Adhesives Market: Information by Type (Acrylic, Polyvinyl Acetate, Epoxy, Polyurethane, and Ethyl Vinyl Acetate), Application (Automotive, Construction, Electronics and Electrical, and Medical Devices) and Region—Forecast till 2027

ID: MRFR/CnM/1395-HCR | February 2021 | Region: Global | 135 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Industrial adhesives are used to bond substrates via adhesion (surface bonding) and cohesion (internal strength). Industrial adhesives can be used in various applications from packaging to building and construction. These adhesives are user-friendly and allow permanent assembly of similar and dissimilar substrates. For instance, hot-melt or spray adhesives can be used to bond fabric to wood, plastic, or metal, thus avoiding the need for stitching. The increasing demand for industrial adhesives can be attributed to stringent environmental regulations resulting in the use of water-based adhesives instead of solvent-based in the construction, aerospace, and automotive industries.


Industrial adhesives are used in structural metal bonding, structural fiber-reinforced plastic bonding, interior exterior trim, and glass bonding in automotive applications. They are also used in the automobile production process to join interior parts and reduce the need for rivets and welding. Industrial adhesives help in reducing the weight of vehicles, which, in turn, improves fuel economy. Reduction in vehicle weight by 10% results in fuel consumption decreasing by 5–7%. Rising fuel prices and environmental concerns expected to result in market growth.


High-quality adhesion is required in aircraft parts and to assemble outer bodies and various other components of airplanes. The increasing need to reduce fuel consumption has led to the use of industrial adhesives instead of rivets, which is expected to drive market growth during the forecast period.


The use of industrial adhesives is rising in the building and construction industry, which is expected to be the fastest-growing end-user segment, presenting lucrative opportunities to market players during the forecast period. Industrial adhesives are used in furniture, plaster, false ceiling, and tiles, in the building and construction industry.


Fluctuating oil prices and stringent regulations on solvent-based adhesives are some of the restraints to the growth of the global industrial adhesives market.


Regional Analysis


Asia-Pacific is the largest industrial adhesives market, with China accounting for the majority share of the regional market in 2017. The automotive and electronics industries in China are growing at a rapid rate, which is expected to drive the demand for industrial adhesives. Since the country is a manufacturing hub, the packaging industry is also growing. The footwear industry in China is the largest in the world with a high consumption of industrial additives.


The growth of end-use industries in China is expected to drive product demand in Asia-Pacific.


Europe is expected to contribute substantially to the growth of the industrial adhesives market owing to the presence of developed automotive and aerospace industries in Germany, the UK, and Spain. Recent advancements in adhesive technologies in the region are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. The focus on minimizing carbon emissions and enhancing fuel economy, by reducing vehicle weight, is expected to fuel the demand for industrial adhesives in the region.


The construction industry in North America is seeing a revival after the economic slowdown. Commercial construction in the region is increasing with the building of offices, malls, and restaurants. Additionally, the construction of skyscrapers currently underway in Chicago, Los Angeles, New York, and San Francisco. Thus, the growth of the construction industry in North America is expected to boost the demand for industrial adhesives.


The Latin American industrial adhesives market is witnessing considerable growth with the rising demand from end-use industries such as automotive and construction.


The market in the Middle East & Africa is likely to exhibit considerable growth during the review period due to rapid infrastructure development in the region and a growing HVAC market.


Segmentation


The global industrial adhesives market has been segmented by type, application, and region.


Based on type, the market has been segmented into acrylic, polyvinyl acetate, epoxy, polyurethane, and ethyl vinyl acetate.


Based on application, the market has been divided into automotive, construction, electronics and electrical, and medical devices.


Some of the key players in the global industrial adhesives market are Solvay (US), Avery Dennison Corporation (US), Henkel AG & Co. KGaA (Germany), Hitachi Chemical Co. Ltd (Japan), Lord Corporation (US), Mitsubishi Chemical Corporation (Japan), DowDuPont (US), Bostik (US), BASF SE (Germany), 3M (US), Pidilite Industries Ltd (India), and H.B. Fuller Company (US).


Intended Audience



  • Industrial adhesives manufacturers

  • Traders and distributors of industrial adhesives

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


Polyvinyl Acetate, Acrylic, Epoxy, Ethyl Vinyl Acetate, and Polyurethane, are the major types of industrial adhesives, which are used in automotive, construction, electronics & electrical, and medical devices applications.

Asia Pacific holds the largest share in the global industrial adhesive market followed by Europe and North America, respectively.

Avery Dennison Corporation (US), Solvay (US), Henkel AG & Co. KGaA (Germany), Lord Corporation (US), Hitachi Chemical Co. Ltd (Japan), Mitsubishi Chemical Corporation (Japan), Bostik (US), DowDuPont (US), BASF SE (Germany), Pidilite Industries Ltd (India), 3M (US), and H.B. Fuller Company (US), are some of the major players operating in the global Industrial adhesive market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global industrial adhesive market adopt to gain a larger competitive advantage.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Bargaining Power of Suppliers

4.1.4 Threat of Substitutes

4.1.5 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Industrial Adhesives Market

5 Industry Overview of Global Industrial Adhesives Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Industrial Adhesives Market, by Type

7.1 Introduction

7.2 Acrylic

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Polyvinyl Acetate

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 Primary

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.4 Secondary

7.3.4.1 Market Estimates & Forecast, 2020–2027

7.3.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Epoxy

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Polyurethane

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Ethyl Vinyl Acetate

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Industrial Adhesives Market, by Application

8.1 Introduction

8.2 Automobile

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Construction

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Electronics and Electrical

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Medical Devices

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Industrial Adhesives Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Avery Dennison Corporation

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Solvay

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Henkel AG & Co. KGaA

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Hitachi Chemical Co. Ltd

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Lord Corporation

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Mitsubishi Chemical Corporation

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 DowDuPont

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Bostik

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 H.B. Fuller Company

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 3M

11.11.1 Company Overview

11.11.2 Type/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Pidilite Industries Ltd

11.12.1 Company Overview

11.12.2 Type/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions, 2020–2027

Table 2 Global Industrial Adhesives Market, by Region, 2020–2027

Table 3 North America: Industrial Adhesives Market, by Country, 2020–2027

Table 4 Europe: Industrial Adhesives Market, by Country, 2020–2027

Table 5 Asia-Pacific: Industrial Adhesives Market, by Country, 2020–2027

Table 7 Middle East & Africa: Industrial Adhesives Market, by Country, 2020–2027

Table 6 Latin America: Industrial Adhesives Market, by Country, 2020–2027

Table 8 Global Industrial Adhesives Type Market, by Region, 2020–2027

Table 9 North America: Industrial Adhesives Type Market, by Country, 2020–2027

Table 10 Europe: Industrial Adhesives Type Market, by Country, 2020–2027

Table11 Asia-Pacific: Industrial Adhesives Type Market, by Country, 2020–2027

Table13 Middle East & Africa: Industrial Adhesives Type Market, by Country, 2020–2027

Table12 Latin America: Industrial Adhesives Type Market, by Country, 2020–2027

Table14 North America: Industrial Adhesives Application Market, by Country, 2020–2027

Table13 Europe: Industrial Adhesives Application Market, by Country, 2020–2027

Table14 Asia-Pacific: Industrial Adhesives Application Market, by Country, 2020–2027

Table16 Middle East & Africa: Industrial Adhesives Application Market, by Country, 2020–2027

Table15 Latin America: Industrial Adhesives Application Market, by Country, 2020–2027

Table23 Global Type Market, by Region, 2020–2027

Table24 Global Application Market, by Region, 2020–2027

Table25 North America: Industrial Adhesives Market, by Country, 2020–2027

Table26 North America: Industrial Adhesives Market, by Type, 2020–2027

Table27 North America: Industrial Adhesives Market, by Application, 2020–2027

Table28 Europe: Industrial Adhesives Market, by Country, 2020–2027

Table29 Europe: Industrial Adhesives Market, by Type, 2020–2027

Table30 Europe: Industrial Adhesives Market, by Application, 2020–2027

Table31 Asia-Pacific: Industrial Adhesives Market, by Country, 2020–2027

Table32 Asia-Pacific: Industrial Adhesives Market, by Type, 2020–2027

Table33 Asia-Pacific: Industrial Adhesives Market, by Application, 2020–2027

Table36 Middle East & Africa: Industrial Adhesives Market, by Country, 2020–2027

Table37 Middle East & Africa Industrial Adhesives Market, by Type, 2020–2027

Table33 Middle East & Africa: Industrial Adhesives Market, by Application, 2020–2027

Table34 Latin America: Industrial Adhesives Market, by Country, 2020–2027

Table35 Latin America Industrial Adhesives Market, by Type, 2020–2027

Table33 Latin America: Industrial Adhesives Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Industrial Adhesives Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Industrial Adhesives Market

FIGURE 4 Value Chain of Global Industrial Adhesives Market

FIGURE 5 Share of Global Industrial Adhesives Market in 2020, by Country (%)

FIGURE 6 Global Industrial Adhesives Market, 2020–2027,

FIGURE 7 Sub-Segments of Type, 2020

FIGURE 8 Global Industrial Adhesives Market Size, by Type, 2020

FIGURE 9 Share of Global Industrial Adhesives Market, by Type, 2020–2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Industrial Adhesives Market Size, by Application, 2020

FIGURE 12 Share of Global Industrial Adhesives Market, by Application, 2020–2027