Industrial Adhesives Market to be Worth USD 53.4 Billion by 2021, Expects M&M in Its Report Available at MarketPublishers.com04 Oct 2016 • by Natalie Aster
LONDON – As of 2016, the world’s market for industrial adhesives amounted to approximately USD 42 billion.
It is set to show further growth in the upcoming years, and its CAGR will be slightly higher than 5%. This marketplace is set to be worth just under USD 53.4 billion by 2021.
The growth will stem from such factors as growth in end-use industries, technological advancements, and more. This space also faces some restraints, such as volatile prices for raw materials.
The natural base segment will lead the global space in terms of growth rate. It is set to have the highest CAGR over the period 2016-2021.
At present, this segment is the largest one in terms of value. In terms of composition, the acrylic segment takes the lead. In terms of types, the water-based adhesives segment is the number one.
When it comes to end-use industry segments, construction and woodworking form the largest segment.
Region-wise, APAC is the swiftest growing marketplace, with its CAGR being the highest one if compared to other regions. This can be attributed to infrastructural developments coupled with rapid industrialization.
There a number of prominent players in this space, and Henkel, BASF and H.B. Fuller are some of largest companies globally.
In-demand research report “Industrial Adhesives Market by Type, Material Base, Composition, End-Use Industry, and Region - Global Forecast to 2021” worked out by M&M presents an up-close look at the global market for industrial adhesives. The study offers a 360-degree overview of the worldwide marketplace. It covers dynamics of this space in detail.
The report limelights industry trends and examines the market on the basis of a material base, type, composition, end-use industries, and more. The research study throws light on major regions, such as APAC, North America, Europe, etc.
An in-depth insight into the competitive environment is available in the research study, too. Company profiles are on hand in the report too. The study also comprises future outlook for this marketplace.
More insightful research reports by M&M can be found at its page.