Plastic Adhesives Market Analysis, Size, Regional Outlook, Share, Trend, Growth, Analysis and Forecast Report 2027
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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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.
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The report further divides the Plastic Adhesives market into key segments
such as types, applications, end-user industries, technologies, and key regions
of the market. The report also sheds light on the segment and region exhibiting
promising growth in the Plastic Adhesives market.
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
Application Outlook (Revenue, USD Billion; 2017-2027)
Packaging
Building & Construction
Automotive & Transportation
Assembly
Medical
Others
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The report also
studies the key companies of the Plastic Adhesives market along with analysis
of their business strategies, M&A activities, investment plans, product
portfolio, financial standing, gross profit margin, and production and
manufacturing capacities.
Some major companies in the global market report 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.
Global Plastic
Adhesives Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Plastic
Adhesives market. It brings to light the global dominance of the leading
regional segments, including North America, Asia Pacific, Europe, Latin
America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the
regional market share. It simultaneously focuses on the significant details
about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the
market, emphasizing the business growth prospects and market barriers for each
of the key market regions.
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Key
Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in
the market?
What are the key strategies adopted by the prominent players in the Plastic
Adhesives market?
What are the key product types and applications of the Plastic Adhesives
industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Plastic Adhesives market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Plastic Adhesives Market by 2027?
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