Global Industrial Adhesives Market is estimated to be $73.65 billion by 2028: COVID Impact, Trends and Forecast

Release Month: March 2021

Evolve business intelligence, today has published a new market research report on “The global Industrial Adhesives market is estimated to be $73.65 billion by 2028 and is anticipated to grow at a CAGR of 6.45% from 2021 to 2028”

For more information on the report:

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.

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

Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to provide significant opportunities to the adhesive market. Due to the lockdown and virus spreading, the demand for the use of face mask, shield and sanitizer has increased leading to growth of adhesive market. The production of plastic product for the medical industry also increases due to the increase in the number of people getting infected by virus. The need for PPE kit, cloth, temporary clean rooms and emergency ventilator also increased leading to increase in production.”

Competitive Scenario
Some of the major Industrial Adhesives players holding high market share include Henkel AG & Co. KGaA, B.Fuller, Huntsman corporation, and the Dow chemical company.. These players use Partnership, Agreement and New product development as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
Industrial Adhesives market is analyzed across the below-mentioned segments:

  • Product Type
    • Water-based Adhesives
    • Hot-Melt Adhesives
    • Solvent-based Adhesives
    • Others
  • End User
    • Pressure Sensitive Products
    • Packaging Industry
    • Construction & Woodworking Industry
    • Transportation Industry
    • Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Industrial Adhesives market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • Henkel AG & Co. KGaA
  • Fuller
  • Fuller
  • Huntsman Corporation
  • The Dow Chemical Company
  • 3M Company
  • Illinois Tool Works
  • Ashland
  • DuPont Automotive

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the Industrial Adhesives market, in terms of value, segmented on the basis of indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the Industrial Adhesives market
  • To provide an overview of the value chain analysis pertaining to the Industrial Adhesives industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Industrial Adhesives market
  • To analyze opportunities in the market by identifying high-growth segments of the Industrial Adhesives market
  • To profile key players in the Industrial Adhesives market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Industrial Adhesives market

About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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