The latest research report by Emergen Research, named ‘Global Plastic Adhesives Market - Forecast to 2032 . The report offers these individuals a vivid description of the competitive spectrum of the global Plastic Adhesives Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
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.
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Drivers:
Several factors are driving the growth of the Plastic Adhesives Market. Foremost among these is the widespread adoption of plastics as a substitute for traditional materials like metal, wood, and glass in various industries. Plastic adhesives offer superior bonding performance, flexibility, and resistance to environmental factors, making them ideal for joining different types of plastics and composite materials. Moreover, the growing trend towards lightweighting in automotive and aerospace applications is fueling demand for high-performance plastic adhesives that can withstand extreme temperatures, vibrations, and mechanical stresses.
Restraints:
Despite its growth prospects, the Plastic Adhesives Market faces certain challenges that could impede its expansion. One of the primary restraints is the complexity of bonding plastics, which vary widely in composition, surface energy, and adhesion properties. Achieving strong and durable bonds between different types of plastics or between plastics and other materials requires careful selection of adhesives and surface preparation techniques. Moreover, environmental regulations and sustainability concerns are driving demand for eco-friendly and low-VOC (volatile organic compound) adhesive formulations, posing challenges for manufacturers to develop compliant products without compromising performance.
Key players operating in the market are
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.
Segmentation :
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)
- Epoxy
- Polyurethane
- Acrylic
- Silicone
- Cyanoacrylate
- Methyl Methacrylate
- Others
Substrate Outlook (Revenue, USD Billion; 2017-2027)
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
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The report classifies the global Plastic Adhesives Market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Plastic Adhesives Market products is expected to drive the demand for Plastic Adhesives Market , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy
