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Allied Market Research

Plastic Adhesives Market by Type (Epoxy, PU, Acrylic, Silicone, MMA, Cyanoacrylate) Application (ceramic tile adhesion, manufactured housing, vinyl or resilient flooring, carpet laying, pre-finished panels, floor or drywall lamination and Others) and Industry Vertical (Automotive, Building and Construction, Electrical and Electronics, Medical, Packaging and others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A11890
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Sep 2021 | 127 Views
   
Author(s) : Eswara Prasad
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Plastic adhesives are a form of glue that is used to bind plastic materials such as polycarbonate, acrylic, styrene, and other plastics together. It's used to mend things like computers, phones, and sound equipment, as well as auto parts, electrical tubes, and other things. Epoxy, polyurethane, acrylic, silicone, MMA, and cyanoacrylate are the most common resins used in the production of plastic adhesives. Epoxy is a two-part adhesive that is made by combining epoxy resin and hardener together. Polyurethane adhesive is a polymer-based thermoplastic glue. A chemical reaction between the polymers creates it. This adhesive is exceptionally strong and resistant to a variety of breakdown processes. Adhesives are used in ceramic tile adhesion, manufactured housing and prefabricated housing, vinyl or resilient flooring, carpet laying, pre-finished panels, roof titles or systems, floor or drywall lamination, and other uses in the construction industry.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2019–2028

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Technology, Application, Industry Vertical, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, LAMEA

 Companies Covered

H.B. Fuller Company, Henkel Corporation, 3M Company, Permabond LLC, Sika AG, DowDuPont, Parker Hannifin Corporation, Master Bond Inc., Huntsman International Llc., Arkema, Adhesive Research Inc., BASF SE, Bostik, Buhnen, DowDuPont, Hexion, Lord Corporation, Mapei Spa, and Pidilite Industry Ltd.

 

COVID-19 Impact analysis

  • The pandemic of COVID-19, which disrupted various industrial processes, slowed the growth of the plastic adhesives industry in 2020. The ongoing building projects, as well as the packaging, automotive, and electrical and electronic industries, were put on hold due to a lack of personnel and supply chain disruption, affecting market growth.
  • Construction activities have been halted in most nations due to social distancing measures, supply chain problems, and labor dispersion. Because plastic adhesives are utilized in so many construction applications, such as carpet laying, pre-finished panels, roof titles or systems, floor or drywall lamination, and so on, the COVID-19 epidemic has had a direct influence on demand for plastic adhesives.
  • The ongoing COVID-19 epidemic has had a significant impact on the global plastic adhesives sector. The supply chains for plastic adhesives have been disturbed, putting extended global supply plans under examination.

Top Impacting Factors

The market is expected to increase due to increased demand for plastic adhesives in different end-use sectors such as medical, packaging, and e-commerce due to their high bonding strength, thermal shock resistance, impact resistance, dimensional stability, and electrical insulation qualities. Furthermore, the growing demand for hot melt adhesives, a type of thermoplastic adhesive made up of an ethylene vinyl acetate copolymer is expected to boost the plastic adhesives industry. In a variety of applications, biodegradable adhesive serves as an environmentally beneficial alternative to plastic adhesives. While polymers are often associated with plastic, they can also be used to create organically derived materials. Biodegradable glue offers significant progress toward making things more environmentally friendly, which should be a top goal for scientists right now. Thus, the widespread acceptance of biodegradable adhesives as a result of their appealing qualities is expected to hinder the expansion of the plastic adhesives market in the approaching years.

Market Trends

  • Henkel Corporation has announced plans to expand its Salisbury operations.
  •  At its Salisbury site, the business would invest in new equipment and renovations, including a new state-of-the-art manufacturing area for UV acrylic adhesives used in packaging and consumer goods tapes and labels.
  • Scotch-Weld multi-material composite urethane adhesives DP6310NS and DP6330NS were recently added to 3M's structural adhesives range.
  • Lightweight assembly in trucks, buses, RVs, specialty vehicles, passenger rail, sporting goods, and panels are all possible with these materials.

Key Segments Covered

Technology

  • Solvent-based
  • Water-based

Application

  • ceramic tile adhesion
  • manufactured housing
  • vinyl or resilient flooring
  • carpet laying
  • pre-finished panels
  • floor or drywall lamination
  • Others

Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverage
  • Healthcare
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the Plastic adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Plastic adhesives market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Plastic adhesives market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Plastic adhesives market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Plastic adhesives Report

  • Who are the leading market players active in the Plastic adhesives market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is " Plastic adhesives"?
      • what does " Plastic adhesives" allow organizations to achieve?
      • which technologies combine to make " Plastic adhesives" a critical organizational asset?
      • What is " Plastic adhesives" Market prediction in the future?
      • Who are the leading global players in the " Plastic adhesives" Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the " Plastic adhesives" Market?
      • What are the key benefits of the " Plastic adhesives " Market report?
 
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