Rise in demand from the packaging sector and rise of the automotive industry in developing countries fuel the global industrial adhesives market. Asia-Pacific accounted for the highest market share in 2019, and is projected to maintain its lead position by 2027. Manufacturing activities of industrial adhesives have been hindered due to lockdown imposed by many countries. In addition, supply chain has been disrupted to curb the spread of coronavirus.
Some ruling enterprises in the global industrial adhesives market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global industrial adhesives industry include Evonik Industries, H.B. Fuller, Synthomer PLC, Asahi Kasei Corporation, Kuraray Co., Ltd.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The industrial adhesives market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the industrial adhesives market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the industrial adhesives market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The water-based adhesives segment accounted for the largest market share in 2019, contributing to more than two-fifths of the global industrial adhesives market, and is projected to maintain its dominant share in terms of revenue during the forecast period. In addition, this segment is estimated to witness the fastest CAGR of 6.6% from 2020 to 2027.
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The region is expected to witness the fastest CAGR of 7.2% during the forecast period. This is attributed to the presence of established and fastest developing consumer bases such as electrical and electronics, packaging industry and aerospace industry. On the other hand, the market across North America contributed to the largest market share in 2019, holding more than one-fourth of the global industrial adhesives market.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the industrial adhesives market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the industrial adhesives market
- Post-sales support and free customization
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