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Plastic Adhesives Market Supply-Demand, Industry Share, Growing Trends, Top Players Analysis and Regional Forecast 2027

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Market Size – USD 6.54 Billion in 2019, Market Growth - CAGR of 6.1%, Market Trends –Surging demand from the APAC region

VANCOUVER, BC, CANADA, May 6, 2022 /EINPresswire.com/ -- 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 primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global plastic adhesives market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

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Top competitors of the Plastic Adhesives Market profiled in the 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.

The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

Some Key Highlights from the Report

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.

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.

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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)

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

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)

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Market Overview:

The research report on the Plastic Adhesives market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Plastic Adhesives business sphere.

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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