The Reactive & Other Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Reactive & Other Adhesives Global Market Report 2024, 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.
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.
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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
The reactive & other adhesives market report table of contents includes:
- Executive Summary
- Reactive & Other Adhesives Market Characteristics
- Reactive & Other Adhesives Market Trends And Strategies
- Reactive & Other Adhesives Market – Macro Economic Scenario
- Global Reactive & Other Adhesives Market Size and Growth
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- Global Reactive & Other Adhesives Market Competitive Benchmarking
- Global Reactive & Other Adhesives Market Competitive Dashboard
- Key Mergers And Acquisitions In The Reactive & Other Adhesives Market
- Reactive & Other Adhesives Market Future Outlook and Potential Analysis
- Appendix
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