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Global Industrial Adhesives Market to Grow by $ 14.61 Billion During 2020-2024 | Featuring 3M Co., Arkema SA, and Ashland Global Holdings Inc. among others | Technavio

December 15, 2020 GMT

LONDON--(BUSINESS WIRE)--Dec 15, 2020--

Technavio estimates the global industrial adhesives market to grow by USD 14.61 billion, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Industrial Adhesives Market 2020-2024 (Graphic: Business Wire)

The market is driven by the replacement of mechanical fasteners with industrial adhesives. However, the rise in the price of industrial adhesives might challenge growth.

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Industrial Adhesives Market: Technology Landscape

Based on technology, the market saw maximum growth in the water-based adhesives segment in 2019. The segment is driven by the extensive use of water-based adhesives in the manufacture of food and beverage packaging, furniture and building components, home appliances, and medical devices. The market growth in the segment will be significant over the forecast period.

Industrial Adhesives Market: Geography Landscape

47% of the market’s growth originated from APAC in 2019. Factors such as the rise in the commercial and residential construction sector and increasing investments in infrastructure development are fueling the growth of the industrial adhesives market in APAC.

China and Japan are the key markets for industrial adhesives in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Major Three Industrial Adhesives Market Vendors:

3M Co.

3M Co. operates its business through segments such as Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The company offers 3M Scotch-Weld epoxy adhesive DP100 Plus, 3M Super 77 Multipurpose spray adhesive, 3M Scotch-Weld acrylic adhesive DP8410NS, and others.

Arkema SA

Arkema SA operates its business through segments such as High Performance Materials, Industrial Specialties, and Coating Solutions. The company offers SAF 30-5, SAF 30 Ultimate, SAF 30 MIB, SAF 400-15, and others.

Ashland Global Holdings Inc.

Ashland Global Holdings Inc. operates its business through segments such as Specialty Ingredients and Intermediates and Solvents. The company offers Isogrip structural adhesives and Isoset structural adhesives.

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Related Reports on Materials Include:

Global Adhesive Tapes Market – Global adhesive tapes market is segmented by materials (polypropylene, paper, polyvinyl chloride, and others) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more

Global Roofing Adhesive Market – Global roofing adhesive market is segmented by resin type (polyurethane resins, epoxy resins, silicone resins, acrylic resins, and others), application (non-residential and residential), technology (waterborne, solvent-borne, and others), geography (North America, Europe, APAC, South America, and MEA). Get a free sample report to know more

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201214005866/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RETAIL CHEMICALS/PLASTICS OTHER RETAIL OTHER CONSTRUCTION & PROPERTY MANUFACTURING CONSTRUCTION & PROPERTY OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/15/2020 01:00 AM/DISC: 12/15/2020 01:01 AM

http://www.businesswire.com/news/home/20201214005866/en