The reactive & other adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Reactive & Other Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The reactive & other adhesives market size has grown strongly in recent years. It will grow from $11.58 billion in 2023 to $12.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to industrial manufacturing, advancements in material science, construction and infrastructure, electronics and microelectronics.
The reactive & other adhesives market size is expected to see strong growth in the next few years. It will grow to $16.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to electric vehicle (ev) production, renewable energy, customized formulations, medical devices and healthcare. Major trends in the forecast period include green and sustainable adhesives, miniaturization and microbonding, 3d printing and additive manufacturing, smart adhesives.
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Scope Of Reactive & Other Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Reactive & Other Adhesives Market Overview
Market Drivers –
The adhesive market is expected to benefit from growth in the automobile industry during the forecast period. There is a drive for the 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, in March 2022, according to a report published by the European Automobile Manufacturers’ Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the growth in the automobile sector is driving the growth of the recreative and other adhesives market.
Market Trends –
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 of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.
The reactive & other adhesives market covered in this report is segmented –
1) By Type: Epoxy, Acylic, Silicone, Polyurethane, Other Types
2) By Additive: Polyurethane, Acrylic, Silicone, Vinyl, Epoxides, Other Additives
3) By Application: Building & Construction, Automotive & Transportation, Power, Electrical & Electronics, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the reactive and other adhesives market in 2023. North America was the second-largest region in the global reactive & other adhesives market. The regions covered in the reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the reactive & other adhesives market include BASF SE, 3M Company, Adco Global Inc., Adhesives Research Inc., American Biltrite Inc., Avery Dennison Corporation, Chemence Inc., Collano Adhesives AG, Dow Chemical Company, H.B. Fuller Company, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, KMS Adhesives Limited, Arkema SA, Henkel AG & Co. KGaA, Pidilite Industries Limited, Sika AG, Ashland Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Master Bond Inc., Franklin International Inc., Hexion Inc., LORD Corporation, Dymax Corporation, RPM International Inc., Royal Adhesives & Sealants LLC, Scott Bader Company Ltd., Soudal NV, Toyo Ink SC Holdings Co. Ltd., Wacker Chemie AG, Bostik SA, Dynea AS, EMS-Chemie Holding AG, Evonik Industries AG, Hernon Manufacturing Inc., ITW Performance Polymers & Fluids, JX Nippon ANCI Inc., L&L Products Inc.
Table of Contents
1. Executive Summary
2. Reactive & Other Adhesives Market Report Structure
3. Reactive & Other Adhesives Market Trends And Strategies
4. Reactive & Other Adhesives Market – Macro Economic Scenario
5. Reactive & Other Adhesives Market Size And Growth
…..
27. Reactive & Other Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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