Adhesives companies are developing new adhesives to cater to the needs of various industries. The various types of adhesives being developed are pressure-sensitive adhesives, pre-cut layered adhesive films and stick-to-skin adhesives. Pressure-sensitive adhesives are used in HVAC (heating, ventilation and air conditioning) duct work, automotive assembly and sound/vibration damping films. Pre-cut layered adhesive films that address vibration and noise concerns save time in assembly. Stick-to-skin adhesives are used in monitoring and drug delivery devices.
THE BUSINESS RESEARCH COMPANY EXPECTS THE ADHESIVES GLOBAL MARKET TO GROW TO NEARLY $81 BIILLION BY 2021
Asia Pacific was the largest region in the global adhesives market in 2017, accounting for nearly half of market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, adhesives are being developed to increase efficiencies of engineers and to increase assembly and processing speed. Since mechanical fasteners do not allow expansion or contraction of joined materials during temperature variations, adhesives are being used to accommodate movements caused by thermal expansion of substrates even after they are fully cured. Adhesives are being used to join composites instead of fasteners because drilling holes can damage composites which leads to loss of time and money.
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3M was the largest player in the adhesives market with revenues of $10.3 billion in 2016. 3M Co.’s growth strategy is to focus on research and development and increase its presence in emerging markets through acquisitions. For example, it acquired Polypore’s separations media business to offer a broader array of products to customers, to help meet customers’ emerging needs for high-value filtration solutions and to accelerate the global growth of 3M’s membrane business.
Adhesives are substances applied to one surface or both surfaces of two separate items that binds them together and resists their separation. The term ‘adhesives’ is used interchangeably with glue, cement, mucilage, or paste. The adhesives industry comprises establishments primarily engaged in manufacturing adhesives, glues and caulking compounds.
Adhesives Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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