Global Reactive & Other Adhesives Market Growth 2024, Forecast To 2033
18 Jan, 2024
The reactive and other adhesives market demonstrated strong growth, increasing from $11.58 billion in 2023 to $12.45 billion in 2024, with a 7.5% CAGR. This growth is linked to industrial manufacturing and material science advancements. Predictions for 2028 estimate a market size of $16.37 billion, growing at a 7.1% CAGR. Contributing factors include electric vehicle production, renewable energy, and customized formulations. Upcoming trends emphasize green and sustainable adhesives, 3D printing, and smart adhesive applications.
Global Reactive & Other Adhesives Market Key Driver
The adhesive market benefits from the growth in the automobile industry, driven by the demand for lightweight vehicles. Adhesives and sealants replace traditional joints and fasteners, reducing vehicle weight. With global car production on the rise, the demand for adhesives is expected to grow.
Get A Free Sample Of The Global Reactive & Other Adhesives Market ReportGlobal Reactive & Other Adhesives Market Segments
The reactive & other adhesives market covered in this report is segmented –
1) By Type: Epoxy, Acylic, Silicone, Polyurethane, Other Types
2) By Additive: Polyurethane, Acrylic, Silicone, Vinyl, Epoxides, Other Additives
3) By Application: Building & Construction, Automotive & Transportation, Power, Electrical & Electronics, Other Applications
By Geography: The regions covered in the reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the reactive and other adhesives market in 2023. North America was the second-largest region in the global reactive & other adhesives market. The regions covered in the reactive & other adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Reactive & Other Adhesives Industry Players
BASF SE, 3M Company, Adco Global Inc., Adhesives Research Inc., American Biltrite Inc., Avery Dennison Corporation, Chemence Inc., Collano Adhesives AG, Dow Chemical Company, H.B. Fuller Company, Huntsman Corporation, Illinois Tool Works Inc., Jowat SE, KMS Adhesives Limited, Arkema SA, Henkel AG & Co. KGaA, Pidilite Industries Limited, Sika AG, Ashland Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Master Bond Inc., Franklin International Inc., Hexion Inc., LORD Corporation, Dymax Corporation, RPM International Inc., Royal Adhesives & Sealants LLC, Scott Bader Company Ltd., Soudal NV, Toyo Ink SC Holdings Co. Ltd., Wacker Chemie AG, Bostik SA, Dynea AS, EMS-Chemie Holding AG, Evonik Industries AG, Hernon Manufacturing Inc., ITW Performance Polymers & Fluids, JX Nippon ANCI Inc., L&L Products Inc.
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Reactive & Other Adhesives Market Overview
Reactive and other adhesives refer to adhesives that are generally made out of monomer (resin) and an initiator. The reactive and other adhesives require a chemical reaction to form an adhesive bond.
Reactive & Other Adhesives Global Market Report 2023 provides data on the global reactive & other adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The reactive & other adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.