NEW YORK, Nov. 18, 2021 /PRNewswire/ -- The global adhesive market size is expected to increase by USD 12.75 bn during 2020-2025, progressing at a CAGR of over 4% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the growth variance and the Y-O-Y growth rate.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Arkema SA, Avery Dennison Corp., Dow Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., Pidilite Industries Ltd., Sika AG, and Wacker Chemie AG are some of the major market participants. Although the increasing demand for adhesives in the medical industry and the rising demand for adhesives in the packaging industry will offer immense growth opportunities, stringent environmental regulations and fluctuations in the cost of raw materials will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Our report covers the following areas:

• Adhesive Market size
• Adhesive Market trends
• Adhesive Market industry analysis

Adhesive Market 2021-2025: Segmentation

Adhesive Market is segmented as below:

• Application
  • Pressure-sensitive
  • Packaging
  • Construction
  • Furniture
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America

The pressure-sensitive segment generated maximum revenue in the market in 2020. The market growth in the segment will be significant over the forecast period. By geography, APAC is expected to offer several growth opportunities for market players during the forecast period. The region currently holds 60% of the global market share. China and India are the key markets for adhesives in APAC.

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Adhesive Market 2021-2025: Scope

Technavio presents a detailed picture of the adhesive market by the way of study, synthesis, and summation of data from multiple sources.

This study identifies rising construction and real estate projects as one of the prime reasons driving the adhesive market growth during the next few years.

Adhesive Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Adhesive Market. Backed with competitive intelligence and benchmarking, our research reports on the Adhesive Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Adhesive Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist adhesive market growth during the next five years
• Estimation of the adhesive market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the adhesive market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of adhesive market vendors

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Industrial Adhesives Market by Technology, End-user, and Geography - Forecast and Analysis 2021-2025

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio