Two Part Adhesive Market Research

  March 30, 2020    |      Chemicals and Materials    |       827


New York City, NY, 30 March, 2020/ 24 Market Reports: It is estimated for the two-part adhesive market to reach USD 6.23 Billion by 2020, at a CAGR of 6.5%. Rising use of adhesive in the vehicles for weight reduction. As the automotive industry uses lightweight materials such as plastics, composites, and aluminium, which ultimately demand better adhesive material for bonding. These factors are driving the growth of the market during the forecast period.

Automotive application witnessed the largest share of total adhesive, in terms of volume

According to applications, different types of adhesive based on different resins are generally used in various industry. These have distinct properties as per the application requirements. These are classified based on their chemistries, namely, polyurethane, epoxy, MMA, silicone, among others. Furthermore, the other segment constitutes of acrylic, polyimide and rubber-based adhesives. Polyurethane adhesive is the current dominant type of adhesive in the two-part adhesive market. Two-part adhesive is used in various applications.

Automotive, construction, and electronics, aerospace are the main application segments considered in the report. Automotive application witnessed the largest share of total adhesive, in terms of volume, and is also the highest growing application between 2015 and 2020.

High demand from end-use industries is driving the market during the forecast period

Automotive, construction and aerospace market are driving the market during the forecast period. Automotive welds, fasteners, rivets, screws, gaskets, and joints are replaced with two-component adhesives are the factors propelling the growth of the market during the forecast period. The restraining factors are identified as volatility in raw material prices, government regulations and recessionary effect on the end-use industries.

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report title

Two Part Adhesive Market Insights 2019, Global and Chinese Analysis and Forecast to 2024