Product ID: UCMIG25A2003
Industrial Adhesives Market Size, Share, Growth Analysis, By Composition(Polyurethane, Epoxy), By Type(Water-based Adhesives, Solvent-based Adhesives), By End-use Industry(Packaging Industry, Construction Industry), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG25A2003 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Industrial Adhesives Market Insights
Market Overview:
Industrial adhesives are an excellent replacement for mechanical fasteners, welding and other joining methods, helping various companies gain a competitive advantage by reducing manufacturing effort and increasing product reliability or performance and life. However, the volatility of raw material prices is also one of the factors that are expected to hamper the growth of the industrial adhesives market. Numerous factors are driving the market demand in the industrial adhesives market. The advent of more stringent environmental standards and regulations, coupled with the growing demand for industrial adhesives, is leading to an increased demand for solvent-based and water-based adhesives. As these are mainly used in automotive, aerospace and construction industries thus driving the market demand worldwide during the period. In addition, it is used in the automotive industry to reduce the amount of welding and riveting and to join internal parts.The increase in in the demand for Industrial Adhesives Market in the global market. Extensive ongoing researches by various key key players offer various growth opportunities in the global market during the forecast period. In addition, the use of these types of adhesives helps to reduce the weight of vehicles, which contributes to the improvement of fuel consumption worldwide and therefore offers several growth opportunities during the period.
Industrial Adhesives Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Industrial Adhesives Market Report Snapshots
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