World Adhesives Market to Register 4.5% CAGR to 2022, Forecasts Meticulous Research in Its In-demand Report Available at MarketPublishers.com
07 Sep 2017 • by Natalie Aster
LONDON – The world adhesives market is projected to gather steam to reach USD 53,503.0 million by 2022, registering a 4.5% CAGR.
The major factors fuelling the market growth include the rising demand for consumer goods along with urbanisation growth and better lifestyles; rising demands for hot glues; and booming automotive industry with increasing demand for lightweight and low CO2 vehicles. Furthermore, a hike in the demand from emerging economies and rising need for ecologically clean, low VOC, and green sustainable adhesives creates considerable opportunities for the adhesives market growth in the foreseeable future. Nevertheless, volatile raw material costs are hindering the market expansion to some degree.
APAC region captures the dominant share of the global adhesives market, mainly fuelled by the high demand for adhesives in industrial manufacturing. Additionally, increasing industrialisation; infrastructure developments, and increasing private investment and government expenditure on these sectors; surging demand for different consumer commodities from a huge population base; growing levels of income; and rising urbanisation are the other key factors stimulating the growth of the APAC adhesives market. The APAC region is the most rapidly growing regional market in the industry.
New product launches and product enhancements were the most preferred growth strategies employed by the dominant players.
In-demand research publication “Adhesives Market- Global Opportunity Analysis And Industry Forecasts To 2022” drawn up by Meticulous Research draws up a comprehensive picture of the market on a global level with a focus on key regional markets.
The report provides detailed market segmentation based on type, application, origin, and by geography. It gives a detailed understanding of the market dynamics, such as drivers, restraints and opportunities. It examines the industry structure, key trends in the adhesives marketplace, and a market share analysis. The research study canvasses the overall competitive scenario, covering new product launches and improvements, expansions, M&As, and other developments. The report also provides granular profiles of the 15 dominant market players covering their business overview, financials, product ranges, recent developments, etc. The study gives details about the local emerging players in the world adhesives market and discusses how they compete with the global leaders.
Market estimates and forecasts are available from 2015 and till 2022.
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