The global plastic adhesives market is projected to be worth USD 10.29 Billion by 2027, according to a current analysis by Emergen Research. The plastic adhesives market is observing high demand attributed to its increasing application in the packaging sector. Plastic adhesives find extensive application in packaging, chemical drums, storage containers, and tanks, amongst several low-cost assembly products. Plastic adhesives such as hot melt adhesives are widely used over solvent-based adhesives, due to its many benefits, such as constituting VOCs that are either eliminated or reduce, removal of curing step, a longer shelf-life, and maintaining its thickness in the course of solidification.
The report studies the historical data of the plastic adhesives market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the plastic adhesives industry based on the recent technological and research advancements.
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Key Highlights from The Report
In April 2019, Parker Hannifin Corporation made an announcement about signing an agreement for the acquisition of Lord Corporation worth USD 3.68 billion. Lord Corporation provides a wide range of adhesives, specialty materials, coatings, vibration & motion control technologies.
Acrylic adhesives are garnering significant traction in the market, owing to the offering of superior temperature, ultraviolet, and oxidation resistance; and hence find preferable usage in outdoor purposes. Acrylic adhesives have the capability to counter the negative plasticizing action taking place with rubber and providing better resistance to chemical exposure.
In the treatment of sports injury, plastic adhesives find application for the wrapping of soft tissue injuries for compression and support, thereby assisting in limiting swelling and safeguarding the affected area.
The market in the Asia Pacific region is likely to grow at the fastest rate in the forecast period, due to the growth of the end-use industries such as the building & construction and packaging industry. China is likely to observe a substantial rise in the plastic adhesives demand, attributed to the surging automotive production, as well as supportive government policies for the production of electronics products.
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Top competitors of the plastic adhesives Market profiled in the report include:
Key participants include Arkema SA, 3M Company, Parker Hannifin Corporation, Huntsman International LLC, Sika AG, Henkel AG, Dow Inc., Illinois Tool Works Inc., MaterBond Inc., and Ashland Global Specialty Chemicals Inc., among others.
Key Objectives of the Report:
Analysis and estimation of the plastic adhesives market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter's Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global plastic adhesives market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Emergen Research has segmented the global plastic adhesives market on the basis of resin type, substrate, distribution channel, application, and region:
Resin Type Outlook (Revenue, USD Billion; 2017-2027)
Substrate Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Building & Construction
Automotive & Transportation
Regional Analysis of the plastic adhesives Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Plastic Adhesives Market Segmentation & Impact Analysis
4.1. Plastic Adhesives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Growing demand in the packaging sector
126.96.36.199. Growth of the building & construction industry
188.8.131.52. Increasing usage in production of adhesive bandages
184.108.40.206. Surging demand from the APAC region
4.2.3. Market restraints analysis
220.127.116.11. Volatility in the price of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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