Global Adhesive Formulating Technology Market, By Technology Type (Water-Based, Solvent-Based, Hot-melt, Reactive, Others), Product (Acrylic, PVA, Polyurethanes, Styrenic Block, Epoxy, EVA, Other), Application (Paper and Packaging, Building and Construction, Woodworking, Consumer and DIY, Automotive and Transportation, Leather and Footwear, Assembly, Medical, Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The adhesive formulating technology market is expected to grow at a compound annual growth rate of 8.85% for the forecast period of 2021 to 2028. Data Bridge Market Research report on adhesive formulating technology market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Adhesives can be defined as social substances that are capable to join permanently to surfaces, by an adhesive process. The purpose of formulating technology is to optimized employment of technologies so as to save the costs of complex structures in industrial businesses.
The increase in demand for adhesives from the building and construction industry is likely to influence the growth of the adhesive formulating technology market. In line with this, the high growth in the appliance industry is also acting as a key determinant which will favor the growth of the adhesive formulating technology market over the forecast period of 2021 to 2028. Furthermore, the favorable government regulations and rise in the demand for adhesives in the medical industries are also expected to positively impact the growth of the adhesive formulating technology market. The major factor which is expected to forward the growth of the market is the rapid industrialization, strong GDP growth as well as increase in manufacturing output.
However, the fluctuating raw material prices and environmental regulations are expected to act as key restraint towards adhesive formulating technology market growth rate in the forecast period of 2021 to 2028. Whereas, the shifting rules and changing standards is expected to challenge the growth of the adhesive formulating technology market in the above mentioned forecast period.
Furthermore, the high demand for non-hazardous, green, and sustainable adhesives and the growth of hybrid resins for manufacturing high-performance adhesives are expected to offer a variety of growth opportunities for the adhesive formulating technology market in the above mentioned forecast period.
This adhesive formulating technology market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on adhesive formulating technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Adhesive Formulating Technology Market Scope and Market Size
The adhesive formulating technology market is segmented on the basis of technology type, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on technology type, the adhesive formulating technology market is segmented into water-based, solvent-based, hot-melt, reactive and others. Water-based has further been segmented into PVA emulsion adhesives, PAE emulsion adhesives, VAE emulsion adhesives and others. Others have further been sub-segmented into polyurethane dispersion adhesives and water-based rubber adhesives. Solvent-based has further been segmented into styrene-butadiene styrene rubber (SBSR) adhesives, chloroprene rubber (CR) adhesives, polyvinyl acetate (PVA) adhesives, polyamide adhesives and others.
- Hot-melt has further been segmented into EVA adhesives, styrenic block copolymer (SBC), copolyamides (COPAS), amorphous poly alpha olefins (APAOS) and others. Reactive has further been segmented into polyurethane adhesives, epoxy adhesives and cyanoacrylate adhesives. Polyurethane adhesives have further been sub-segmented into liquid and reactive hot-melt (RHMs) adhesives.
- On the basis of product, the adhesive formulating technology market is segmented intoacrylic, PVA, polyurethanes, styrenic block, epoxy, EVA and others.
- The application segment for adhesive formulating technology market is segmented into paper and packaging, building and construction, woodworking, consumer and DIY, automotive and transportation, leather and footwear, assembly, medical, electronics and others.
Global Adhesive formulating technology Market Country Level Analysis
The adhesive formulating technology market is analyzed and market size, volume information is provided by country, technology type, product and application type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the adhesive formulating technology market because of the rapid change in the consumer behavior and rapid shift in the inclination towards more recyclable products. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increase in the high demand from automobile, medical, engineering, and electronics and strict environment regulations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adhesive Formulating Technology Market Share Analysis
The adhesive formulating technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adhesive formulating technology market.
The major players covered in the adhesive formulating technology market report are Henkel AG & Co. KGaA, H.B. Fuller Company, SIKA AG, Arkema, 3M, Huntsman International LLC, Dow, Wacker Chemie AG, AVERY DENNISON CORPORATION, BASF SE, Bostik, Uniseal, Inc., Ashland, Beardow Adams, Master Bond Inc., DuPont, Akzo Nobel N.V., PPG Industries, Inc., PARKER HANNIFIN CORP., and Dymax among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.