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Global Value of Adhesive Resin Market to Reach USD 14,387.78 Mn by 2020: MarketsandMarkets

Published on 2015-06-25. Author : SpecialChem

The report “Adhesive Resin Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020” report analyzes the global adhesive resin market with respect to market drivers, restraints, opportunities, and challenges in different regions.

Increasing use of adhesives in automotive manufacturing contributes to overall growth in the global adhesive resins market. The construction sector, automotive market, and medical adhesives market have all seen growth or resurgence that is contributing to a projected increase in the world-wide market for adhesive resins. Adhesives offer distinct advantages over mechanical fastening, sewing, and thermal bonding. Adhesives can bind diverse materials, distribute stress evenly across a joint and reduce cost. In addition, adhesive bonds are often more aesthetically pleasing and contribute to the value of consumer products. In the past, use of adhesives was limited by environmental concerns and regulations. However, recent development of bio-based ecologically friendly adhesives and solvent-free adhesives has removed many of these barriers. Specialty engineering adhesives are now needed for automotive assembly and aircraft manufacturing.

The adhesive resins demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

The global value of adhesive resin market was estimated to be about $11,339.66 Million in 2015 and is projected to reach $14,387.78 Million by 2020, growing at a CAGR of 4.88% between 2015 and 2020. The primary resins of adhesives are the principal component that provides a lot of characteristics such as wettability, adhesion strength, thermal property, chemical resistance, and environmental resistance. Adhesive resins are resins that are able to combine different materials. In the adhesive industry, the primary resin means a polymer that is the main chain in the adhesive molecular structure. The understanding of primary resins is essential for adhesive curing, application, reliability, and adhesion failure analysis.

Adhesives help bond two surfaces together, and offer several benefits over other binding techniques such as mechanical fastening, sewing, and thermal bonding. Adhesives feature the ability to bind diverse materials, and provide superior binding strength by distributing stress more efficiently across the joint. In addition to being a cost effective binding technique, adhesives also help enhance the aesthetic appeal of materials. Adhesives are indispensable in a wide range of industrial and commercial applications. From construction, packaging, automotive, furniture, footwear, electronics, ship-building, medical, to aerospace, adhesives are widely used in the manufacturing process. Specialty engineering adhesives are used in the construction and automotive industries, while general-purpose adhesives find applications in both commercial and industrial sectors like consumer goods and packaging. Encouraged by the advancements in curing technologies, adhesives are finding wider use in specialized applications in aircraft manufacturing and food processing.

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Source: MarketsandMarkets


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