Global Adhesive Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
“Global Adhesive Resin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global adhesive resin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global adhesive resin market report has been segmented on the basis of resin type, formulating technology, application, and region.
Adhesive resins are used as adhesive layer to enhance durability and optimize integrity of a structure. It joins two surfaces of diverse materials and efficiently distributing the stress at several junctions. The adhesive resin forms a strong bond very quickly to help the adhesion process. In addition, high performance adhesive resin improves cohesive strength on the product. These resins available in emulsion form and offers various advantages such as resistance to moisture and elasticity. In addition, In order to offer long term adhesiveness these resins provides resistance to aging, toughness, chemicals, and temperature. Adhesive resins are available in various forms including water-based, solvent-based, and hot melt. The major components that are used in adhesive resin involves ethylene vinyl acetate, vinyl acetate, polymerized acrylic resin, and polyvinyl acetate.
Increasing demand for adhesive resins across various end-use industries such as paper & packaging and building and construction is a major factor expected to drive growth of the target market over the next 10 years. In addition, increasing scope of its application in wood-working industry is another factor expected to support revenue growth of the target market over the next 10 years.
Various features offered by these composite materials such as resistance to moisture and chemicals, and others is another key factor expected to propel adoption of these products, which in turn is expected to fuel growth of the global market over the forecast period. Moreover, growing demand for environment friendly products is another factor expected to increase adhesive resins demand, which in turn projected to drive growth of the global market in the next 10 years.
However, increasing fluctuating raw material prices is a major factor estimated to hamper the growth of the target market to certain extent
Asia Pacific adhesive resins market is expected to account for significant share in terms of revenue in the global market. In addition, Asia Pacific market is also anticipated to register fastest growth in terms of revenue over the next few years, owing to increasing demand from building construction and packaging industries in countries in this region. In addition, increasing investments by various wood-working and leather & footwear manufacturers owing easy availability of raw material and low cost labor in various countries such as China and India in Asia Pacific, and rising demand for these resin products from various other end-use industries are other key factors projected to drive growth of the Asia Pacific market in the next few years. The market in China is projected to account for moderate share in terms of revenue in the Asia Pacific market. In addition, lack of stringent regulations is major factor expected to support revenue growth of the target market in this region.
Global Adhesive Resin Market Segmentation:
Segmentation by resin type:
- Polyacrylic Ester (PAE)
- Polyvinyl Acetate (PVA)
- Vinyl Acetate Ethylene (VAE)
- Synthetic Rubber (SBS, CR & SIS)
- Ethylene Vinyl Acetate (EVA)
- Others (Polyurethane, Formaldehyde-based, Modified Acrylate & Methyl Methacrylate (MMA), Cyanoacrylate)
Segmentation by formulating technology:
- Hot Melt
- Reactive & Others
Segmentation by application:
- Paper & Packaging
- Building & Construction
- Leather & Footwear
- Others (Assembly/Production and Consumer/DIY)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- I. du Pont de Nemours and Company
- ExxonMobil Chemical Company, Inc.
- Eastman Chemical Company
- The Dow Chemical Company
- Evonik Industries AG
- Lawter Capital B.V.
- Mitsubishi Chemical Corporation
- Ashland Global Holdings Inc.
- Georgia-Pacific Chemicals LLC
- Yparex B.V.
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