Global Plastic Adhesives market size is expected to grow from USD 8.92 Billion in 2023 to USD 16.82 Billion by 2032, at a CAGR of 7.3% during the forecast period (2024-2032).
Specialized chemicals called plastic adhesives are made specifically to connect and adhere plastic components. By establishing a molecular contact between the adhesive and the plastic surfaces, these adhesives provide strong, long-lasting bonds. Their diverse forms, including as liquids, tapes, and gels, allow for a wide range of applications. Plastic adhesives are perfect for manufacturing, crafting, and repairing. They let plastic components fit together seamlessly in a variety of sectors.
Due to its numerous applications in consumer products, automotive, construction, and packaging, the adhesives business is expanding significantly on a global scale. The need for environmentally friendly adhesives to join and assemble plastic components is growing as plastics become increasingly common. Sustainable and low-VOC formulations are chosen over conventional techniques. Innovative adhesives that offer higher adherence to a variety of plastic substrates, increased durability, and quicker cure periods have been created as a result of research and development in adhesive technology.
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Leading players involved in the Plastic Adhesives Market include:
- B. Fuller (US)
- AC Plastics (US)
- 3M Company (US)
- Permabond LLC (US)
- DuPont (US)
- Hexion (US)
- Permabond (UK)
- Henkel AG (Germany)
- BASF (Germany)
- BÜHNEN (Germany)
- Panacol-Elosol (Germany)
- Mapei Spa (Italy)
- Arkema (Bostik SA) (France)
- Sika AG (Switzerland), and Other Major Players
The latest report on the Plastic Adhesives Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Plastic Adhesives industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Plastic Adhesives market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Plastic Adhesives Market:
By Type
- Cyanoacrylate
- Urethane
- Silicones
- Epoxy
By Technology
- Solvent-based
- Water-based
By End-User
- Building and Construction
- Automotive
- Electrical and Electronics
- Packaging
- Medical
By Regions: –
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments: –
In Nov 2023; Henkel relaunched its bonding and sealing portfolio with recycled cartridges across Europe. As a global leading supplier of adhesives, sealants and functional coatings Henkel is continuously driving sustainability across markets. To further improve its plastics footprint the company has started to relaunch its bonding and sealing portfolio for consumers and craftsmen in Europe. The new packaging concept helps to significantly reduce virgin plastic by using up to 95% of recycled plastic made from post-consumer recyclate (PCR).
In April 2023: Dow and Avery Dennison co-developed an innovative and sustainable new hotmelt label adhesive solution that enables polyolefin filmic labels and polypropylene (PP) or polyethylene (PE) packaging to be mechanically recycled together in one stream. The adhesive is the first of its kind on the label market and is approved by Recyclass for recycling in the HDPE colored stream – Class B.
Key Benefits of Plastic Adhesives Market Research:
- Research Report covers the Industry drivers, restraints, opportunities and challenges
- Competitive landscape & strategies of leading key players
- Potential & niche segments and regional analysis exhibiting promising growth covered in the study
- Recent industry trends and market developments
- Research provides historical, current, and projected market size & share, in terms of value
- Market intelligence to enable effective decision making
- Growth opportunities and trend analysis
- Covid-19 Impact analysis and analysis to Plastic Adhesives market
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