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Look for Continued Growth in Industrial Adhesives Markets

Growth

According to Adhesive & Sealants Industry (ASI), a recent research study by Technavio projects that the global industrial adhesives market will:

  • Add over $13.9 billion to its value from 2019-2023

  • Have a compound annual growth rate (CAGR) of almost 5%.

In addition, according to Yahoo Finance and Global Newswire:

  • Water-based adhesives are the leading segment in the Global PSA Market at 1.6 million metric tons in 2019

  • It is forecast to register a CAGR of 5% during 2019 to 2025 analysis period and will reach 2.1 million metric tons by 2025.

The same article also reports that for Pressure Sensitive Adhesive (PSA’s):

  • Asia-Pacific is the largest region for the global pressure sensitive adhesives market

  • It is estimated at 1.6 million metric tons in 2019 and the region is forecast to lead the growth of the global PSA market at a 2019 to 2025 CAGR of 6.1%.

And back to Adhesive and Sealants, the global waterborne epoxy resins market:

  • Was valued at nearly $2.8 billion in 2018, according to a report from Coherent Market Insights, and is projected to exhibit a CAGR of 7.7% from 2019-2027 (in terms of revenue).

  • Increasing demand is coming from end-use industries such as construction, automotive, textiles, and packaging are fueling growth for the global waterborne epoxy resins market.

Net-net, these signs point to a growing adhesives market due to their superior product and operational performance in industrial applications when compared with conventional mechanical fastening methods.

To learn more about what adhesives might be right for your application, or to request a free sample, Contact Us today.