Global Adhesive Resin Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn by 2027 at a CAGR of 4.9% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID-19 pandemic impact on Global Adhesive Resin Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Adhesive Resin Market overview
Adhesive resins are the composite material that has strong bonding capabilities. Adhesive resin is used in a wide range of applications, including woodworking, transport, and footwear. Thanks to its resistance consistency, demand for adhesive resins such as cement, glue, paste, or mucilage is growing widely in various applications. It enhances durability, and built a strong composite structure, as it is a diverse material efficient in distributing stress to balance the joints, and improves the cohesive strength of the product. It has several advantages such as its elasticity property and resistance to moisture properties and availability in the form of an emulsion. However, factors such as stringent lightning environmental concerns and regulatory policies and cost-effective manufacturing of products are some of the challenging factors of the Adhesive Resin market. Also, less awareness in underdeveloped countries is restraining market growth over the forecast period. Increasing technological advancement has increased the demand for the Adhesive Resin market.
Global Adhesive Resin Market: Drivers and Restraints
The growing demand and increasing applications have witnessed high growth and is estimated to increase in the coming years. The demand for the adhesive resin market has increased by growing end-user awareness and increasing applications, as seen in the automotive industry, for packaging and labelling, woodworking, footwear applications. The major key players and increasing end-users are growing, making a positive impact on the resin market. The various advantages of adhesive resin over binding techniques such as welding, mechanical fastening, sewing owing to flexibility, cost-effective easily mechanized process has increased the demand of the adhesive resin market.
The major features that an adhesive resin provides as composite materials are chemical and moisture resistance which is expected to fuel the growth over the forecast period. The growing demand for environment-friendly products is expected to increase the demand for an adhesive resin over the forecast period. Besides, properties such as toughness, aging, and temperature and to offer long term adhesiveness which in turn projected to drive the growth of the global market over the forecast period.
However, adhesive resin has characteristics such as relative weakness in bonding large objects with limited bonding surface area and this reduces the stability at high temperatures, and difficulties in separating objects during testing which acts as a restraining factor to the market growth.
Global Adhesive Resin Market : Market Segmentation
Global Adhesive Resin Market is segmented by Technology (Water-based, Solvent-based, Hot Melt and Reactive & Others), by Application (Paper & Packaging, Building & Construction, Wood-working, Leather & Footwear, Transportation and Others (Assembly/Production)), by Resin Type (Polyacrylic Ester (PAE), Polyvinyl Acetate (PVA), Vinyl Acetate Ethylene (VAE), Synthetic Rubber (SBS, CR & SIS), Polyamide, Ethylene Vinyl Acetate (EVA), Modified Acrylate & Methyl Methacrylate (MMA) and Others (Polyurethane, Epoxy)) by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
Global Adhesive Resin Market: Regional Analysis.
The regional analysis of the worldwide Adhesive Resin Market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Increasing demand from the packaging industry and rising infrastructure & construction of smart cities increase the demand for an adhesive resin market over the forecast period in the Asia Pacific. The increasing number of manufacturers especially in this region over the years increases the demand for the adhesive resin market. Besides, increasing investment has played a positive role on the adhesive resin market. Besides, an increasing application such as in leather & footwear and woodworking manufacturers has built a strong opportunity for the adhesive resin market. Low labour costs especially in countries such as in India and China have driven the adhesive resin market.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Adhesive Resin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Adhesive Resin Market dynamics, structure by analyzing the market segments and project Global Adhesive Resin Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Adhesive Resin Market make the report investor’s guide.
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Global Adhesive Resin Market, by Technology
• Hot Melt
• Reactive & Others
Global Adhesive Resin Market, by Resin Type
• Polyacrylic Ester (PAE)
• Polyvinyl Acetate (PVA)
• Vinyl Acetate Ethylene (VAE)
• Synthetic Rubber (SBS, CR & SIS)
• Ethylene Vinyl Acetate (EVA)
• Modified Acrylate & Methyl Methacrylate (MMA)
• Others (Polyurethane, Epoxy)
Global Adhesive Resin Market, by Application
• Paper & Packaging
• Building & Construction
• Leather & Footwear
• Others (Assembly/Production)
Global Adhesive Resin Market, by Region
• North America
• South America
• Middle East & Africa
Global Adhesive Resin Market Major Players
• E.I. du Pont de Nemours and Company (U.S.)
• ExxonMobil Chemical (U.S.)
• Eastman Chemical (U.S.)
• Dow Chemical (U.S.)
• Lawter (U.S.)
• Mitsui Chemicals America, Inc. (U.S.)
• Mitsubishi Chemical (Japan)
• Georgia-Pacific Chemicals (U.S.)
• Ashland Inc. (U.S.)
• Yparex B.V. (Netherlands)
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