The global adhesive resins market is valued at US$ 18.7 billion in 2023 and is forecasted to top a market valuation of US$ 31 billion by the end of 2033, expanding at a CAGR of 5.1% over the next ten years.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Adhesive Resins market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Adhesive Resins market.
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Key findings of the Adhesive Resins market study:
- Regional breakdown of the Adhesive Resins market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Adhesive Resins vendors in detail.
- Region-wise and country-wise fragmentation of the Adhesive Resins market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Adhesive Resins market.
Competitive Landscape
Numerous strategies, for instance, partnerships, agreements, mergers and acquisitions, novel product launches, better supply chain management, and adherence to safety regulations, are being adopted by industry players to generate novel growth opportunities in the market.
For instance :
- DuPont, in June 2022, announced the completion of the sale of its Biomaterials business unit. The unit has been purchased by the Huafon Group for a price of around US$ 240 million.
- ExxonMobil, in March 2022 said that the construction of the new LAO (liner alpha olefins) production unit is scheduled to start in mid-2023 to cater to local supply. ExxonMobil will produce ten high-purity LAO products and will commercialize them under the brand name, ElevexxTM.
- Mitsui Chemicals, Inc., in December 2021 announced the signing of a capital and commercial partnership agreement with Japan Medical Dynamic Marketing, Inc. Mitsui Chemicals, in conjunction with this agreement, has agreed to the acquisition of shares of Japan MDM. These shares are earlier held by NGK Spark Plug Co., Ltd. which is the largest shareholder of the company’s shares.
Key manufacturers of adhesive resins include Ashland, Inc., DuPont de Nemours, Inc., Evonik Industries AG, Eastman Chemical Company, Georgia-Pacific Chemicals LLC, The Compound Company BV (Yparex), Mitsubishi Chemical Corporation, and Lawter B.V.
Segmentation of Adhesive Resins Industry Research
- By Type :
- Epoxy
- Polyurethane
- Synthetic Rubber
- Polyacrylic Ester (PAE)
- Others
- By Application :
- Building & Construction
- Paper & Packaging
- Transportation
- Leather & Footwear
- Consumer/DIY
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Adhesive Resins market report:
- Why are the Adhesive Resins market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Adhesive Resins market?
- Which regions are displaying the fastest growth in the Adhesive Resins market?
- What are the underlying micro- macroeconomic factors affecting the global Adhesive Resins market?
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