Global Wearable Adhesive Market, By Resin (Acrylics, Silicones, Polyurethane, Epoxy, Others), Technology (Solvent-Based, Water-Based, Hot Melt, UV Cured), Applications (Electronics, Medical, Sports, Others) – Industry Trends and Forecast to 2029.
Wearable Adhesive Market Analysis and Size
Wearable intelligent devices benefit patients with chronic diseases like cardiovascular diseases or diabetes. It offers useful information on blood glucose levels, blood pressure, and breathing patterns. The world health organization (WHO) mentioned that nearly 422 million population has diabetes across the world. Moreover, the data shows that nearly 70% of adults and 33% of children suffered from obesity n 2014. The rising need for monitoring devices due to rising chronic disease is a vital factor boosting the growth of the wearable adhesives market over the forecasted period.
The global wearable adhesive market was valued at USD 333.15 million in 2021 and is expected to reach USD 898.27 million by 2029, registering a CAGR of 13.2% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Wearable Adhesive Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Resin (Acrylics, Silicones, Polyurethane, Epoxy, Others), Technology (Solvent-Based, Water-Based, Hot Melt, UV Cured), Applications (Electronics, Medical, Sports, Others)
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Countries Covered
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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, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), China National Bluestar (Group) Co,Ltd. (China), Abbott. (U.S.), Scapa Group Ltd (U.S.), Dupont (U.S.), H.B. Fuller Company. (U.S.), Henkel Adhesives Technologies India Private Limited (Germany), AVERY DENNISON CORPORATION. (U.S.), Sika AG (Switzerland), Arkema (U.S.), Elkem ASA (U.S.), Polymer Science, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), NITTO DENKO CORPORATION. (Japan), Wacker Chemie AG (Germany), Wacker Chemie AG (U.S.), tesa Tapes (India) Private Limited (Germany), Dymax (U.S.), Adhesives Research Inc (U.S.), Medtronic (Ireland)
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Market Opportunities
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Market Definition
The wearable adhesives are designed to be used on human skin and support applications requiring short to long-term wear. They can also endure exposure to the factors such as sweat, UV light, water and moisture, and dynamic movement. They also provide several innovative solutions to the patients, such as tracking the data through various medical sensors, bio-signal devices, continuous glucose monitoring, and heart rate wearable adhesives.
Global Wearable Adhesive Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising awareness and changing lifestyle
The rising awareness amongst customers regarding the factors such as health and wellness is the primary factor driving the market's growth over the forecasted period. This awareness has been developed amongst the rising population due to the rising healthcare initiatives led by the government stating the benefits of a healthy population and lifestyle. The rising beneficiary properties of the adhesives, such as sensitizing, non-irritating, and monitoring properties, will enhance the ales and the demands. Moreover, medical adhesives contain glass substrates and strong binding properties, creating a strong barrier against oxygen permeation and moisture.
- High usage for medical purposes
Wearable adhesives are extensively used across medical industries. Biocompatible medical adhesives are increasingly being used in medical devices because of their non-cytotoxic, non-sensitizing, and non-irritating properties. The other properties include adorable to wear in water sports like diving, swimming, and other activities. Moreover, the popularity of silicone adhesives is increasing due to their broad benefits and advanced features. The rising demand for monitoring devices is also the factor driving the market's growth over the forecasted period.
Opportunities
- Technological advancements and developments
The latest technological innovation and developments in medical adhesives will further expand the future growth of the paints and coatings market. The rising benefits of wearable adhesives due to the enhanced properties of the product is driving the market. Researchers are actively trying to find ways to enhance non-pharmaceutical therapies and working on digital monitoring to help the aging population live at home longer and improve virtual care facilities. The increasing goal of industries to deliver increasingly effective, personalized monitoring of health and care so the improvement of quality of care provided to patients and other customers can be enhanced is the vital factor creating lucrative growth opportunities for the market over the forecasted period.
Restraints/Challenges
- Stringent approval process
The manufacturers of adhesives must enhance their manufacturing and production processes per the regulatory policies of various governments. The material used in the manufacturing processes in te industries can be toxic when disposed to the environment and can create harmful effects. These stringent policies will further create hindrances to the growth of the wearable adhesives market.
This wearable adhesive 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, geographic expansions, technological innovations in the market. To gain more info on the a wearable adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Wearable Adhesive Market
The recent outbreak of coronavirus had a negative impact on the wearable adhesives market. It made a serious damage on the market due to the disruption of production activities and supply chains across the chemical industries due to the lockdown restrictions. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials which hampered the market largely. However, with the gradual upliftment of restriction and restoration of business operations, the overall adhesives industry is expected to grow steadily. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue, and the market is estimated to expand.
Recent developments
- In 2019, MC10 Inc. and AbbVie, a research-based global bio-pharmaceutical company, announced that the companies are working together in clinical trials designed to explore a range of outcome measures in patients with multiple sclerosis (MS) using the Biostamp nPoint system.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Wearable Adhesive Market Scope
The wearable adhesive market is segmented on the basis of resin, technology and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Resin
- Acrylics
- Silicones
- Polyurethane
- Epoxy
- Others
Technology
- Solvent-Based
- Water-Based
- Hot Melt
- UV Cured
Applications
- Electronics
- Medical
- Sports
- Others
Wearable Adhesive Market Regional Analysis/Insights
The wearable adhesive market is analyzed and market size insights and trends are provided by resin, technology and applications as referenced above.
The countries covered in the wearable adhesive 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 dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing development of advanced technology, the growing population, and the rising need for monitoring devices within the region.
Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rapid rise in the patient base, adoption of wearable devices, and high usage of smartphones within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Wearable Adhesive Market Share Analysis
The wearable adhesive 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 wearable adhesive market.
Some of the major players operating in the wearable adhesive market are
- 3M (U.S.)
- China National Bluestar (Group) Co,Ltd. (China)
- Abbott. (U.S.)
- Scapa Group Ltd (U.S.)
- Dupont (U.S.)
- H.B. Fuller Company. (U.S.)
- Henkel Adhesives Technologies India Private Limited (Germany)
- AVERY DENNISON CORPORATION. (U.S.)
- Sika AG (Switzerland)
- Arkema (U.S.)
- Elkem ASA (U.S.)
- Polymer Science, Inc. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- NITTO DENKO CORPORATION. (Japan)
- Wacker Chemie AG (Germany)
- Wacker Chemie AG (U.S.)
- tesa Tapes (India) Private Limited (Germany)
- Dymax (U.S.)
- Adhesives Research Inc (U.S.)
- Medtronic (Ireland)
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