The global plastic adhesives market is projected to be worth USD 10.29 Billion by 2027, according to a current analysis by Emergen Research. The plastic adhesives market is observing high demand attributed to its increasing application in the packaging sector. Plastic adhesives find extensive application in packaging, chemical drums, storage containers, and tanks, amongst several low-cost assembly products. Plastic adhesives such as hot melt adhesives are widely used over solvent-based adhesives, due to its many benefits, such as constituting VOCs that are either eliminated or reduce, removal of curing step, a longer shelf-life, and maintaining its thickness in the course of solidification.
As per the predictors of Emergen Research, the collagen peptide is a major functional ingredient in many food stuffs and thus there is an increasing demand for Plastic Adhesives from food & beverage sector. Besides, awareness is growing among people about health and nutritional products. All these factors are projected to bolster the growth of the global Plastic Adhesives market in the analysis period. Moreover, the increase in number of R&D activities for the development of novel products coupled with favorable government initiatives to promote healthy diet are expected to make huge growth opportunities for the global market.
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The key companies studied in the report are:
Arkema SA, 3M Company, Parker Hannifin Corporation, Huntsman International LLC, Sika AG, Henkel AG, Dow Inc., Illinois Tool Works Inc., MaterBond Inc., and Ashland Global Specialty Chemicals Inc., among others.
The report studies the historical data of the Plastic Adhesives market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Plastic Adhesives industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Plastic Adhesives market.
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The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Plastic Adhesives market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
Emergen Research has segmented the global plastic adhesives market on the basis of resin type, substrate, distribution channel, application, and region:
Resin Type Outlook (Revenue, USD Billion; 2017-2027)
- Methyl Methacrylate
Substrate Outlook (Revenue, USD Billion; 2017-2027)
- Polyvinyl Chloride
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Building & Construction
- Automotive & Transportation
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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