Global Reactives & Others Adhesives Market Report to 2030 - Expected to Benefit from Growth in the Automobiles Industry - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 27, 2020--
The “Reactives & Others Adhesives Global Market Report 2020” report has been added to ResearchAndMarkets.com’s offering.
The global reactives and other adhesives market was worth $14.3 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.4% and reach $19.8 billion by 2023.
Where is the largest and fastest growing market for the reactive & others adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Reactive & Others Adhesives market global report from the author answers all these questions and many more.
The reactives and other adhesives market in Asia Pacific is forecasted to register the highest CAGR during 2019-2023.
The reactive & others adhesives market covered in this report is segmented by type into epoxy, acrylic, silicone, polyurethane and others. The reactive & others adhesives market in this report is segmented by application into building & construction, automotive & transportation, power, electrical & electronics, and others.
The adhesive market is expected to benefit from growth in the automobiles industry during the forecast period. There is a drive for production of lightweight automobiles which is leading to an increase in demand for adhesives and sealants. These are used in place of welded joints, mechanical fasteners and gaskets and help reduce the weight of the automobile. For instance, companies such as Jowat is using reactive adhesives for perfect bonding of vehicle parts in automotive industry. Thus, increased use of plastics in automobiles is expected to increase the demand for reactive adhesives during the forecast period.
Stringent safety regulations associated with the manufacturing and transportation of adhesives chemicals was a major restraint on the market. These substances are highly inflammable, toxic and hazardous when exposed to exposed extreme temperatures and pressures. Companies in this industry should invest in equipment, technologies and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in this industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth.
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company and H.B. Fuller.
In October 2017, H.B. Fuller, American based adhesive manufacturing company has acquired Royal Adhesives & Sealants, American based company specialized in adhesives and sealants for an amount of $1.57 billion. According to this agreement, H.B. Fuller has obtained various adhesive products such as solvent-based, water-based, urethane and thermosetting epoxy (reactive based adhesive) technologies that are used for specialized applications. This acquisition will further increase the customer base of H.B. Fuller across different regions.
Key Topics Covered:
1. Executive Summary
2. Reactive & Others Adhesives Market Characteristics
3. Reactive & Others Adhesives Market Size And Growth
3.1. Global Reactive & Others Adhesives Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Reactive & Others Adhesives Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Reactive & Others Adhesives Market Segmentation
4.1. Global Reactive & Others Adhesives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Reactive & Others Adhesives Market, Segmentation By Applications, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Building & Construction
- Automotive & Transportation
- Electrical & Electronics
5. Reactive & Others Adhesives Market Regional And Country Analysis
5.1. Global Reactive & Others Adhesives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Reactive & Others Adhesives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- BASF SE
- ADCO Global
- Adhesives Research
- American Biltrite
- Avery Dennison
- Collano Adhesives
- Dow Chemical
- H.B. Fuller
- Illinois Tool Works
- Jowat Adhesives
- KMS Adhesives
- Arkema SA
- Henkel AG & Co. KGaA
- Pidilite Industries Ltd.
- Sika AG
- Ashland Inc.
- DELO Industrial Adhesives
- Master Bond
- Franklin International
- LORD Corp.
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PUB: 02/27/2020 07:32 AM/DISC: 02/27/2020 07:32 AM