Plastic Adhesives Market : An In-Depth Exploration of the Industry
The report discusses in detail the positive and negative impact of the pandemic on the Plastic Adhesives Market industry.Factors influencing the growth of the Plastic Adhesives Market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Plastic Adhesives Market . The supply chain disruptions and economic volatility have altered the dynamics of the Plastic Adhesives Market industry.
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.
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Drivers:
Several factors are driving the growth of the Plastic Adhesives Market. Foremost among these is the widespread adoption of plastics as a substitute for traditional materials like metal, wood, and glass in various industries. Plastic adhesives offer superior bonding performance, flexibility, and resistance to environmental factors, making them ideal for joining different types of plastics and composite materials. Moreover, the growing trend towards lightweighting in automotive and aerospace applications is fueling demand for high-performance plastic adhesives that can withstand extreme temperatures, vibrations, and mechanical stresses.
Restraints:
Despite its growth prospects, the Plastic Adhesives Market faces certain challenges that could impede its expansion. One of the primary restraints is the complexity of bonding plastics, which vary widely in composition, surface energy, and adhesion properties. Achieving strong and durable bonds between different types of plastics or between plastics and other materials requires careful selection of adhesives and surface preparation techniques. Moreover, environmental regulations and sustainability concerns are driving demand for eco-friendly and low-VOC (volatile organic compound) adhesive formulations, posing challenges for manufacturers to develop compliant products without compromising performance.
Key players operating in the market 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.
Segmentation :
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)
- Epoxy
- Polyurethane
- Acrylic
- Silicone
- Cyanoacrylate
- Methyl Methacrylate
- Others
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Others
- Online
- Offline