Press release
Adhesives Market to Reach Valuation of ~US$ 89 Bn by 2030
Adhesives Market: Introduction
The global adhesives market was valued at ~US$ 52 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The global adhesives market is primarily driven by growth of automotive and building & construction industries and rise in the need to improve quality of construction. Developing as well as developed economies across the globe are carrying out infrastructure development activities to sustain economic growth. These civil construction projects boost the consumption of adhesives.
View Complete Report @ https://www.transparencymarketresearch.com/adhesive-market.html
Key Drivers of Adhesives Market
Increase in the need to achieve fuel efficiency and implementation of stringent emission regulations are expected to support the trend of production of automotive components by using lightweight materials in the next few years. Earlier, mechanical fasteners were used in automotive components; however, of late, they have been replaced by adhesive tapes. Adhesives possess comparable strength, durability, and lightweight. The use of lightweight materials reduces the overall weight of a vehicle. It also improves fuel efficiency of the vehicle.
Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=39953
Adhesives are extensively employed in various automotive applications such as wire harnessing, electric insulation, automotive body repairs, masking, and surface protection. Increase in the usage of adhesive tapes in automotive interior parts in order to provide better resistance and excellent adhesion ability is likely to propel the global adhesives market during the forecast period. Strong government support and ad-hoc tax incentives in China have led to double-digit sales, typically in the electric vehicles industry in the country. Rise in the demand for small, battery-based, and efficient passenger vehicles in countries such as Thailand, Malaysia, and Indonesia is anticipated to propel the automobile sector in Asia Pacific during the forecast period.
The rise in investments in the automotive sector, mainly in Middle East & Africa, is expected to be a key factor driving the adhesives market in the region from 2020 to 2030. Countries such as Morocco, Egypt, and Iran are leading motor vehicle manufacturers in the region, while major sales markets in the region include Iran, Saudi Arabia, Turkey, and the UAE. Increase in the demand for adhesives in the automotive sector in the region is augmenting the adhesives market in Middle East & Africa.
Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=39953
Water-based Technology to Offer Attractive Opportunities to Global Adhesives Market
The water-based technology segment accounted for a major share of the global adhesives market in 2019. The segment is estimated to expand rapidly during the forecast period, due to eco-friendly nature of water-based adhesives. Water-based is a highly attractive segment, as water-based adhesives are not harmful to the environment. Furthermore, water-based adhesives require low capital investments and a simple technology that can be easily formulated. The solvent-based segment held a minimal share of the global adhesives market in 2019. Solvent-based adhesives include petrochemical products with a higher rate of VOC emissions as compared to water-based adhesives. The growth of the solvent-based segment is estimated to be sluggish during the forecast period, due to stringent regulations imposed on VOC emissions across the globe. The segment is estimated to lose market share by the end of the forecast period.
Emission standards have been fixed to facilitate effective control of air pollution. In India, these standard permissible limits are formulated by the Central Pollution Control Board, Ministry of Environment & Forests, Bureau of Indian Standards (BIS), World Health Organization (WHO), and National Emissions Inventory (NEI). The NEI is a composite of data collected from various sources, including industrial sector, EPA models, and numerous state and local agencies engaged in air quality management.
Buy Adhesives Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=39953<ype=S
Top Five Players Account for Major Share of Adhesives Market
The global adhesives market is highly fragmented, as a large number of small players operate in the market. Currently, the market is expanding at a steady pace. Key players are largely focusing on research and development activities. The top eight players— Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Bostik, Huntsman International LLC, 3M, DuPont de Nemours, Inc., and Illinois Tool Works Inc.— cumulatively accounted for more than 40% share of the global market in 2019.
Henkel AG & Co. KGaA constituted a leading share of the global adhesives market in 2019. The company offers more than 100 types of adhesive products. Its offices and manufacturing sites are located in almost every major city across the globe. The company invests in expanding its product portfolio in order to maintain its market leading position.
Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry @ https://www.prnewswire.com/news-releases/detergents-market-to-rise-up-to-us-157-billion-by-2027-on-account-of-increasing-demand-from-end-use-application-sectors--transparency-market-research-301007329.html
Visit Chemicals & Materials Case Study @ https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: corporate.cmfe@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
The global adhesives market was valued at ~US$ 52 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The global adhesives market is primarily driven by growth of automotive and building & construction industries and rise in the need to improve quality of construction. Developing as well as developed economies across the globe are carrying out infrastructure development activities to sustain economic growth. These civil construction projects boost the consumption of adhesives.
View Complete Report @ https://www.transparencymarketresearch.com/adhesive-market.html
Key Drivers of Adhesives Market
Increase in the need to achieve fuel efficiency and implementation of stringent emission regulations are expected to support the trend of production of automotive components by using lightweight materials in the next few years. Earlier, mechanical fasteners were used in automotive components; however, of late, they have been replaced by adhesive tapes. Adhesives possess comparable strength, durability, and lightweight. The use of lightweight materials reduces the overall weight of a vehicle. It also improves fuel efficiency of the vehicle.
Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=39953
Adhesives are extensively employed in various automotive applications such as wire harnessing, electric insulation, automotive body repairs, masking, and surface protection. Increase in the usage of adhesive tapes in automotive interior parts in order to provide better resistance and excellent adhesion ability is likely to propel the global adhesives market during the forecast period. Strong government support and ad-hoc tax incentives in China have led to double-digit sales, typically in the electric vehicles industry in the country. Rise in the demand for small, battery-based, and efficient passenger vehicles in countries such as Thailand, Malaysia, and Indonesia is anticipated to propel the automobile sector in Asia Pacific during the forecast period.
The rise in investments in the automotive sector, mainly in Middle East & Africa, is expected to be a key factor driving the adhesives market in the region from 2020 to 2030. Countries such as Morocco, Egypt, and Iran are leading motor vehicle manufacturers in the region, while major sales markets in the region include Iran, Saudi Arabia, Turkey, and the UAE. Increase in the demand for adhesives in the automotive sector in the region is augmenting the adhesives market in Middle East & Africa.
Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=39953
Water-based Technology to Offer Attractive Opportunities to Global Adhesives Market
The water-based technology segment accounted for a major share of the global adhesives market in 2019. The segment is estimated to expand rapidly during the forecast period, due to eco-friendly nature of water-based adhesives. Water-based is a highly attractive segment, as water-based adhesives are not harmful to the environment. Furthermore, water-based adhesives require low capital investments and a simple technology that can be easily formulated. The solvent-based segment held a minimal share of the global adhesives market in 2019. Solvent-based adhesives include petrochemical products with a higher rate of VOC emissions as compared to water-based adhesives. The growth of the solvent-based segment is estimated to be sluggish during the forecast period, due to stringent regulations imposed on VOC emissions across the globe. The segment is estimated to lose market share by the end of the forecast period.
Emission standards have been fixed to facilitate effective control of air pollution. In India, these standard permissible limits are formulated by the Central Pollution Control Board, Ministry of Environment & Forests, Bureau of Indian Standards (BIS), World Health Organization (WHO), and National Emissions Inventory (NEI). The NEI is a composite of data collected from various sources, including industrial sector, EPA models, and numerous state and local agencies engaged in air quality management.
Buy Adhesives Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=39953<ype=S
Top Five Players Account for Major Share of Adhesives Market
The global adhesives market is highly fragmented, as a large number of small players operate in the market. Currently, the market is expanding at a steady pace. Key players are largely focusing on research and development activities. The top eight players— Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Bostik, Huntsman International LLC, 3M, DuPont de Nemours, Inc., and Illinois Tool Works Inc.— cumulatively accounted for more than 40% share of the global market in 2019.
Henkel AG & Co. KGaA constituted a leading share of the global adhesives market in 2019. The company offers more than 100 types of adhesive products. Its offices and manufacturing sites are located in almost every major city across the globe. The company invests in expanding its product portfolio in order to maintain its market leading position.
Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry @ https://www.prnewswire.com/news-releases/detergents-market-to-rise-up-to-us-157-billion-by-2027-on-account-of-increasing-demand-from-end-use-application-sectors--transparency-market-research-301007329.html
Visit Chemicals & Materials Case Study @ https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: corporate.cmfe@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
