Industrial Adhesives Automotive Market to Grow 6.3% Annually
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Industrial Adhesives Automotive Market to Grow 6.3% Annually
The following is a press release provided to GlobalFastenerNews.com. Contact the individual company for additional information.
Demand for industrial adhesives is estimated to extend across a wide spectrum of end markets, with transportation, inclusive of automotive and construction likely to take leading positions.
A growing number of end-use applications have exhibited a marked shift from traditional mechanical fastener based technologies to adhesive based technologies, prominent among them being the automotive, mobile handheld electronic devices and medical sectors, which are expected to record faster than GDP growths over the coming few years.
For instance, in automotive and aircraft manufacturers have initiated the substitution of conventionally used metals with plastics, composites and nonferrous materials in fabrication that helps in reducing weight of the vehicles and reducing fuel consumption.
Traditionally, the global demand and growth for industrial adhesives has had a direct correlation with the chemical industry as a whole, which has averaged at about 3%-4% over the past decade. However, between the years 2008 and 2010, the global economy went into a tailspin, with a major proportion of industries following in its wake, of which the chemical industry was one.
With end-users tightening belts and cutting down production due to lack of demand, industry majors had a torrid time in this recessionary period, and the market for industrial adhesives was also adversely affected.
Industrial Adhesives application areas explored in this report encompass Pressure Sensitive Products, Packaging, Construction, Woodworking, Transportation and Other Applications. The report also analyzes the product segments including Acrylics, Water-Based PVAc & VAE, Polyurethane, EVA & Polyethylene Hot-Melts, SBC Hot-Melts, Epoxy, Polychloroprene and Others. The major product segments further classified in to sub-types as Acrylics – Emulsion-Based Acrylics, Solvent-Based Acrylics and Other Acrylics; and Polyurethane – Solvent-Based, 100% Reactive, Hot-Melt and Water-Based.
The global markets for the above mentioned product types and end-use applications for industrial adhesives are analyzed in both value in US$ and the volumes in million pounds (lbs). The report covers the global market for industrial applications only and excludes any other usages of adhesives. Pressure sensitive products accounts for the largest share of about 28% of global consumption of industrial adhesives equated to 5.9 billion lbs closely followed by Packaging with 4.7 billion lbs in 2013. Transportation projected to achieve the fastest 6.3% compounded annual growth rate (CAGR) between 2013 and 2020.
The report reviews, analyses and projects the industrial adhesives market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 16 independent countries across North America – The United States, Canada and Mexico; Europe – Germany, France, the United Kingdom, Italy, Spain and Russia; Asia-Pacific –China, Japan, South Korea, India and Taiwan; and South America – Brazil and Argentina.
This 787 page global market report includes 709 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 39 key global players and 92 major players across North America – 36; Europe – 17; and Asia-Pacific – 39. The research also provides the listing of the companies engaged in manufacturing and supply of industrial adhesives. The global list of companies covers addresses, contact numbers and the website addresses of 646 companies.
KEY BUSINESS TRENDS
Henkel Unveils Next-Generation Loctite® Liquid Optically Clear Adhesives
Adept Industrial Solutions’ 3M Hi-Strength 94ET Spray Adhesives
Innovation of Henkel’s Technomelt Supra 100 Cool Low Temperature Hotmelt Adhesive
Application of H.B. Fuller’s Swift®tak Adhesives for Safe and Solid Adhesion
Wisdom Adhesives Worldwide Collaborates with DENLAKS
Sika Takes Over Everbuild Building Products Ltd
Jowat Showcases Innovative Adhesive Systems
H.B. Fuller Adds Novel Nonwoven Adhesives to its Full-Care™ Portfolio
Unveiling of Ashland Performance Materials’ Arocure™ UV-curable Hotmelt PSAs
Henkel’s “Food Safe Packaging” Initiative Started
H.B. Fuller Signs Purchase Agreement with Plexbond Quimica
Bayer MaterialScience Reformulates Adhesives Range
Dynea Establishes a New Company in Europe
AEC Polymers Patents New Technology
Henkel Developed Loctite Ablestik ICP 4000 series of Silicon-based ECAs
Berry Plastics to Introduce Two New Tapes
Henkel Innovates New Adhesive
Evonik Expands Product Line by Setting Up a New Plant
Evonik Showcases New Products
H.B. Fuller Launches Modern Water-Based Laminating Adhesives
Launch of H.B. Fuller’s Flextra Fast™ Adhesives for Food Packaging Applications
Henkel Revamps its Brand Structure
H B Fuller Manufactures Adhesives at Pune
Ashland Launches Marine Adhesive
Henkel, DaniMer Pair Up for Bio-based Hotmelt Adhesives Development
Wisdom Adhesives is Renamed as Wisdom Adhesives Worldwide
Royal Holdings Takes Over Adhesives Packaging Specialties Inc
DELO, Ticona Pair Up for Novel Adhesive System Development
Royal Packaging Specialities Acquired Adhesives Packaging Specialities Inc.
Berry Plastics Launches Polyken 500
Unveiling of VORASIL™ 602 and 604 Silane Modified Polymers by Dow Polyurethanes
Howdens Develop Long-Lasting Kitchens Using Henkel’s Hotmelt Adhesives
Avery Dennison Unveils a New Pressure-Sensitive Labeling
Novel High Performance Adhesives and Sealants from Henkel for Automotive Repairs
Clifton Adhesives Acquired by Royal Adhesives & Sealants
Cytec Industries’ Pressure Sensitive Adhesive Products Acquired by Henkel
Ashland Performance Materials Launches Aroset™ AGX-L PSA for Medical Tapes
Royal Adhesives & Sealants to Take over Clifton Adhesives Assets
Enhanced Loctite Instant Adhesives with Elevated Service Temperature of up to 120°C
Royal Adhesives & Sealants Plans to Acquire Extreme Adhesives
H.B. Fuller Acquires Forbo’s Global Industrial Adhesives Operations
Commercial Launch of Evo-Stik’s Novel Two-Part Epoxy Resins
Royal Adhesives & Sealants Takes Over the Assets of Craig Adhesives & Coatings
Dow Automotive Systems’ Novel and Versatile Adhesive Portfolio
LORD Corporation Launches LORD® 781
LORD Corp’s New Range of Primers and Adhesives Developed
New Chemlok® Adhesives Developed by LORD Corp
Wisdom Adhesives Inaugurates Mumbai Office
Evonik Plans to Construct HTPB Production Unit in Germany
A single-user license for this report costs $4,860. For more information contact Research and Markets. Web: researchandmarkets.com/reports/2682713
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