Chemicals

Global Plastic Adhesives Market Outlook, Opportunities And Strategies

November 18, 2021 by The Business Research Company

Learn about the global plastic adhesives market through The Business Research Company, which provides information on plastic adhesives market size, plastic adhesives market drivers and restraints, plastic adhesives market players, the COVID-19 impact on the plastic adhesives market, and more.

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The global plastic adhesives market is expected to grow from $6.15 billion in 2020 to $6.69 billion in 2021 at a compound annual growth rate (CAGR) of 8.72%. The growth in the forecast period can be attributed to increase in demand for plastic adhesives from the building and construction industries and other end users, such as automobile industry. The plastic adhesives market is expected to reach $9.12 billion in 2025 at a CAGR of 8.06%.

Increasing demand for plastic adhesives from the construction sector coupled with the growth of the construction industry is expected to drive innovation in plastic adhesives manufacturing, thus driving the market during the forecast period.

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The plastic adhesives market consists of sales of plastic adhesives by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing plastic adhesives. Plastic adhesives refer to a special type of adhesives used for binding plastic materials together such as polycarbonate, acrylic, styrene, and other plastics. It is used for fixing home appliances such as a computer, phones, audio appliances and for fixing car parts, electrical tubes, and others. Only goods and services traded between entities or sold to end consumers are included.

Global plastic adhesives market segments include:

By Resin Type: Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate, Others

By Technology: Solvent-Based, Water-Based

By End-User: Automotive, Building And Construction, Electrical And Electronics, Medical, Packaging, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the plastic adhesives market in 2020.

Plastic adhesive companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help improve operational efficiency in manufacturing facilities

TBRC’s plastic adhesives market report covers:

Major Market Players: H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, DowDuPont, Parker Hannifin Corporation, Master Bond Inc., Huntsman International Llc., Arkema, Adhesive Research Inc., BASF SE, Bostik, Buhnen, Dowdupont, Hexion, Lord Corporation, Mapei Spa, and Pidilite Industry Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Plastic Adhesives Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides plastic adhesives market overviews, analyzes and forecasts market size, share, plastic adhesives market players, plastic adhesives market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plastic adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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