Strong Demand in Developing Countries Drives the Global Adhesives Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Adhesives markets. Global market for Adhesives is projected to reach US$40.2 billion by 2018, primarily driven by expanding application areas, product and technology innovation and increasing demand from developing countries.

Adhesives: A Global Strategic Business Report

Follow us on LinkedIn – Adhesives find widespread applications in a broad range of industrial and commercial sectors. Specialty and engineering adhesives are widely used in the construction and automotive industries, while general-purpose adhesives find applications in the textiles, consumer goods and packaging sectors. Access to raw materials, expertise in chemistry and proximity to end-user customers, represent key factors that determine a manufacturer’s competitiveness in the market. Developed regions including Europe, Japan, and the United States have long represented major markets for adhesives. The Middle East and Asia-Pacific region led by countries like China, India, Taiwan, Vietnam, South Korea, are forecast to drive future growth in the market. Rapid pace of industrialization, strong GDP growth, rise in manufacturing/industrial output, represent key growth drivers in these regions. India represents an upcoming market for aggressive investments by global majors. In South America, Brazil and Argentina are emerging as promising markets for adhesives.

Environmental concerns and regulations have always weighed down upon adhesives, as the industrial chemical waste generated by this industry is one of the primary sources of environmental pollution. Formulation and production of ecofriendly adhesives like solvent-free adhesives are growing in popularity. Manufacturers are increasingly investing in manufacturing and product development programs to engineer eco-friendly adhesives based on vegetable oils, organic starch, feedstock, soy and water formulations. Manufacture of polyurethane adhesives derived from microbial processes and fermentation is growing in popularity. Finding strong favor among adhesive manufacturers are vegetable oils, which are already being used widely in formulating efficient adhesives like polyamides that are capable of competing effectively against petroleum derived adhesive systems. The trend toward recycling and safe disposal of waste will also get stronger in the coming years.

Increasing use of high performance adhesives in medical applications is driving growth in the market. Growing demand for dental and surgical adhesives, as a result of the aging population, is also benefiting demand in this sector. Cyanoacrylate adhesives dominate the market for medical adhesives. Growing focus on renewable energy is also opening up opportunities or adhesive manufacturers. The push towards a viable renewable energy source has brought solar photovoltaic power technology to the forefront, and manufacturing of solar panels is forecast to emerge into one of the most crucial application areas for Adhesives.

The miniaturization trend in electronics is also helping spur demand, particularly for conductive adhesives. Miniaturization of electronics has popularized the system-on-chip (SoC) technology, where specialized adhesives find mission critical applications. Electrically and thermally conductive adhesives or polymer based binding agents are used in anti-vibration shock mounting of circuit boards. Technology developments that improve the conductivity properties of conductive adhesives will help drive demand in the market.

As stated by the new market research report on Adhesives, Europe continues to remain the largest regional market worldwide. Asia-Pacific represents the fastest growing market with a projected CAGR of 4.4% over the analysis period. By chemical type, Acrylic Adhesives is one of the fastest growing segments worldwide.

Major players in the market include 3M Company, AkzoNobel Chemicals B.V., Ashland Inc., Avery Dennison Corporation, Bostik Inc., Chemence Ltd., DIC Corporation, The Dow Chemical Company, Dynea International Oy, Franklin International, H.B. Fuller Company, Henkel Corporation, Hernon Manufacturing Inc., Huntsman International LLC, Illinois Tool Works, LORD Corporation, Mapei S.p.A., Momentive, RPM International Inc., Super Glue Corporation, Tesa SE, and Wisdom Adhesives Company, among others.

The research report titled “Adhesives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ and Pounds (lbs.) for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, and Rest of World. Product markets analyzed by chemical type include Styrene Butadiene Rubber, Phenolic, Polyolefin, Epoxy, Starch & Dextrin, Acrylic (Cyanoacrylic & Others, Acrylic PSA, Acrylic Emulsion), Urea Formaldehyde, Polyvinyl Acetal, Polyvinyl Acetate, Neoprene, Thermoplastic Rubber, Polyurethane, Natural Rubber, Protein, Furan, Polyvinyl Chloride, Reclaimed Rubber, Silicate, Silicone Rubber, Polyamide, Polyvinyl Alcohol, Nitrile, Butyl Rubber & PIB, Polyester, Ethylene, and Bitumen, among others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Adhesives_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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