The Business Research Company’s Adhesives Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 8, 2021 /EINPresswire.com/ — According to the new market research report ‘Adhesives Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the adhesives market is expected to grow from $58.35 billion in 2020 to $62.44 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $75.25 billion in 2025 at a CAGR of 5%. During the historic period technological development was a key driver of the global economy.
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The adhesives market consists of the sales of adhesives, glues and caulking compounds by entities (organizations, sole traders or partnerships) that produce adhesives, glues and caulking compounds.
Trends In The Global Adhesives Market
Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company and H.B. Fuller.
Global Adhesives Market Segments:
The global adhesives market is further segmented based on type, application, product type and geography.
By Type: Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives
By Application: Packaging, Construction, Laminates, Woodstock and Furnishing, Automobile, Footwear, Others
By Product Type: Acrylic, PVA, Polyurethanes, Styrenic Block, Epoxy, EVA, Others
By Geography: The global adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific adhesives market accounts for the largest share in the global adhesives market.
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Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides adhesives market overviews, analyzes and forecasts market size and growth for the global adhesives market, adhesives market share, adhesives market players, adhesives market segments and geographies, adhesives market’s leading competitors’ revenues, profiles and market shares. The adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Adhesives Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Adhesives Market Organizations Covered: 3M, Henkel, Sika AG, Dow Chemical Co, BASF.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to the Adhesives Global Market Report 2021:
Water-Based Adhesives Global Market Report 2021 – By Type Of Resin (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, Styrene Butadiene (SB) Latex, Polyurethane Dispersion (PUD)), By Application (Tapes & Labels, Paper & Packaging, Building & Construction: Automotive & Transportation, Others (Consumer & DIY, Leather & Footwear, Sports & Leisure, And Assembly)), By Product Type (Vinyl Acetate Adhesives, Starch/Dextrin Adhesives, Rubber Latex Adhesives, Protein/Casein Adhesives), COVID-19 Impact And Recovery
Plastic Adhesives Global Market Report 2021 – By Resin Type (Epoxy, Polyurethane, Acrylic, Silicone, MMA, Cyanoacrylate), By Technology (Solvent-Based, Water-Based), By End-User (Automotive, Building And Construction, Electrical And Electronics, Medical, Packaging), COVID-19 Growth And Change
Hot-Melt-Based Adhesives Global Market Report 2021 – By Type (Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic-Butadiene Copolymers, Polyolefins, Polyamide, Other Resin Types), By Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), By End User (Building And Construction, Packaging, Transportation, Electrical And Electronic Appliances, Healthcare), COVID-19 Impact And Recovery
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Source: EIN Presswire