Industrial Adhesives Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

According to the report, the global Industrial Adhesives market is expected to grow from $Billion in 2020, which is expected to reach $73.65 Billion by 2028, growing at the CAGR of 6.45% from 2020 to 2028. This growth is attributed to factors like cheaper manufacturing costs and an increase in demand for adhesives. The major factor driving the growth in the Industrial Adhesives Market is the rising demand for adhesives from the construction industry. This is largely due to increasing investments in infrastructure and real estate development in emerging economies. The second major factor driving the market is the rising demand from the furniture industry. The furniture market is projected to grow steadily due to growth in both home and commercial furniture demand across the globe. The major factor restraining the growth in the Industrial Adhesives Market is the lack of awareness of its benefits.

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The recently published research report on Global Industrial Adhesives Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Industrial Adhesives market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Industrial Adhesives market report also includes the following data points:
• COVID19 Impact on Industrial Adhesives market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Industrial Adhesives market

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Key Players
Some of the major Industrial Adhesives players holding high market share include Henkel AG & Co. KGaA, B. Fuller, Huntsman Corporation, The Dow Chemical Company. These players use collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Henkel AG & Co. KGaA
• B. Fuller
• Huntsman Corporation
• The Dow Chemical Company
• BASF SE
• 3M Company
• Illinois Tool Works
• Ashland
• DuPont Automotive

Segmental Analysis
Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Industrial Adhesives Market:
o Water-based Adhesives
o Hot-Melt Adhesives
o Solvent-based Adhesives
o Others

Market Segment By End-User with focus on market share, consumption trend, and growth rate of Industrial Adhesives Market:
o Pressure Sensitive Products
o Packaging Industry
o Construction & Woodworking Industry
o Transportation Industry
o Others

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Global Industrial Adhesives Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

The Americas region is expected to dominate the market owing to the availability of various raw materials for the production of adhesives in the region.

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