Specialty adhesives are used as bonds across various industries, having their main uses in the automotive sector, hospitals, and construction activities. However, factors, such as resistance to temperature may restrain the market growth.
Growing End-users Boosting the Market
The major driver for the specialty adhesives market is the growing demand for specialty adhesives from the automotive and medical sectors, especially in Asia Pacific economies, like China, India, etc., increasing the specialty adhesives production. Moreover, infrastructural development, which can quicken the speed of production, in emerging economies, like ASEAN countries is expected to boost the market growth at a greater pace.
“Construction” the Dominant End-user industry
The global specialty adhesives market is segmented based on the product and end-user industry. Based on product, cyanoacrylates-based specialty adhesives currently dominates the market in terms of consumption. Based on end-user industry, construction end-user occupies the maximum share because of wide range of applications in construction, such as floor coverings, tiles, and parquet flooring etc.
Asia Pacific the Dominant Market Share
Asia Pacific accounts for a major share in the global market, and is expected to grow at a good rate as the end-users like automotive, construction in emerging economies has picked pace. North America is also expected to show a good increase because of growing construction activities and growing exports of automobiles in United States.
October 2017: Bostik, the Specialty Adhesives business line of Arkema, had expended its manufacturing capacities in India by opening a new facility in Gujarat
Major Players: 3M, The Dow Chemical, H. B. Fuller, Permatex, Bostik, Ashland, Franklin, Bayer, Creative Materials, Acucote, Abrasiflex, W.W. Henry, Adirondack Specialty Adhesives, and Worthen Industries, among others.
Reason to purchase this Report
- To understand the impact of end-user industries on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating product type and application in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Demand from Automotive Sector
4.1.2 Growing Demand from Medical Sector
4.1.3 Infrastructural Development in Emerging Economies
4.2.1 Stringent regulations
4.2.2 Other restraints
4.3.1 Stabilizing European construction sector
4.3.2 Other opportunities
5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 By Product
5.1.2 Polyvinyl Acetate
5.2 By End-user
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2.6 Rest of Europe
6.3 North America
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
9.1 3M Company
9.3 Advanced Adhesive Technologies, Inc.
9.6 ITW Devcon
9.7 Master Bond
9.8 Nexus Adhesives
9.10 Savaré Specialty Adhesives
9.12 Specialty Adhesives, Inc.
9.13 Specialty Adhesive Film Co. Inc.
9.14 W.W. HENRY
9.16 Worthen Industries
*( List not exhaustive)
**Subject to availability on the public domain
- 3M Company
- Advanced Adhesive Technologies Inc.
- ITW Devcon
- Master Bond
- Nexus Adhesives
- Savaré Specialty Adhesives
- Specialty Adhesives Inc.
- Specialty Adhesive Film Co. Inc.
- W.W. HENRY
- Worthen Industries