Adhesives Market Worth USD 53.5 Billion by 2022

LONDON, Nov. 14, 2017 -- Global Adhesives Market is expected to reach USD 53,503.0 million by 2022 supported by a CAGR of 4.5% during the forecast period of 2017 to 2022, according to a recent publication by Meticulous Research™. This market is primarily driven by growing demand for consumer goods with rising urbanization & improving lifestyle; rising demand for hot melts adhesives; and growing automotive industry with increasing demand for lightweight and low carbon emitted vehicles. Further, rising demand from emerging economies and growing need for eco-friendly, low VOC, & green sustainable adhesives offers significant opportunities for the growth of adhesives market.

On the basis of type, non-reactive adhesives segment dominated the overall adhesives market and is also expected to grow at a faster CAGR during the forecast period, owing to the rising adoption of water-based adhesives and hot melt adhesives due to their lower VOCs and their wider application in many industries.

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Geographically, adhesives market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analysed at country level.  Asia-Pacific region holds the major share in global adhesives market, owing to the huge demand for adhesives in industrial manufacturing in the region. In addition, rising industrialization; infrastructural developments, and rising private & government investments in these sectors; rising demand for various consumer goods from large population base; growing income level; and rising urbanization are the other key factors propelling the growth of the Asia-Pacific adhesives market. Asia-Pacific region is also the fastest-growing regional market in the global adhesives industry.

The key players in the global adhesives market are 3M, H.B. Fuller, Henkel AG & Co. KGaA, The Dow Chemical Company, and Sika AG, Arkema, Huntsman Corporation, Avery Dennison, Wacker Chemie AG, Royal Adhesives and Sealants, Franklin International, Inc., LORD Corporation, and Illinois Tool Works Inc.

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