The Latest Industrial Adhesive Industry Statistics Explained
The global industrial adhesives market size was worth 54.14 billion USD in 2019.
This statistic indicates that the total value of the global industrial adhesives market in 2019 was estimated to be 54.14 billion USD. This figure represents the combined revenue generated from the sale of various industrial adhesives across different sectors such as automotive, construction, packaging, and electronics, among others. The size of the market provides insight into the overall demand for industrial adhesives on a global scale and highlights the significance of these products in various industries for bonding materials together. This statistic can be used by businesses, investors, and policymakers to understand the economic importance of the industrial adhesives market and to make informed decisions regarding investments, strategies, and regulations within this sector.
In 2019, North America accounted for 27.1% of the global industrial adhesives market share.
The statistic “In 2019, North America accounted for 27.1% of the global industrial adhesives market share” indicates the proportion of industrial adhesive sales in North America relative to the total global market in that year. Specifically, it signifies that out of all industrial adhesives sold worldwide in 2019, North America captured a significant share of 27.1%. This statistic provides valuable insight into the regional distribution of industrial adhesive consumption and highlights the market strength of North America in this particular sector compared to other regions. It suggests that North America is an important player in the global industrial adhesives market and has a notable presence in terms of sales and demand.
The global market size for industrial adhesives is predicted to reach 70.3 billion USD by 2026.
The statistic indicates that the worldwide market for industrial adhesives is projected to grow significantly and reach a total value of 70.3 billion USD by the year 2026. This prediction suggests an increasing demand for industrial adhesives across different sectors such as automotive, construction, electronics, and packaging. The growth in the market size can be attributed to factors like technological advancements leading to the development of high-performance adhesives, the trend towards lightweight materials in manufacturing processes, and the growing focus on sustainable and eco-friendly adhesive solutions. This forecast implies potential opportunities for businesses operating in the industrial adhesive industry, as they can tap into this expanding market to drive their revenue and growth prospects.
The global market for industrial adhesives is expected to grow at a CAGR of 5.6% from 2021 to 2026.
This statistic indicates that the global market for industrial adhesives is projected to experience a Compound Annual Growth Rate (CAGR) of 5.6% from 2021 to 2026. This growth rate represents the annualized average rate at which the market size is expected to increase over the specified period. A CAGR of 5.6% suggests a healthy and steady growth forecast for the industrial adhesives market, indicating increasing demand and adoption of these products across various industries. Factors driving this growth could include advancements in adhesive technology, expanding applications in manufacturing processes, and a growing emphasis on lightweight and efficient bonding solutions. This projection provides valuable insights for businesses and investors seeking opportunities in the industrial adhesive market.
The adhesive resin type has a market share of 38.81% in the industrial adhesive industry in 2019.
The statistic indicating that the adhesive resin type holds a market share of 38.81% in the industrial adhesive industry in 2019 signifies the proportion of total sales or revenue within the industry that can be attributed to this specific type of adhesive. This percentage suggests that adhesive resin is a significant player in the market, outperforming other types of adhesives in terms of popularity or use among industrial consumers. Understanding market share is important for industry analysis and strategic decision-making, as it provides insights into the competitive landscape and the relative strength of different product offerings within the market. Businesses can use this information to assess their own market position, plan marketing strategies, and identify potential growth opportunities.
The Asia-Pacific region is dominating the industrial adhesive industry with a share of 45.18% in 2019.
The statistic indicates that the Asia-Pacific region held a significant market share of 45.18% in the industrial adhesive industry in 2019, making it the dominant player in this sector. This high market share suggests that the region’s industrial adhesive sector is strong and competitive compared to other regions globally. The dominance of the Asia-Pacific region in this industry could be attributed to factors such as technological advancements, manufacturing capabilities, cost efficiencies, and increasing industrial activities in countries within the region. This statistic highlights the importance and influence of the Asia-Pacific region in the industrial adhesive industry, shaping global market trends and dynamics in this sector.
Nearly 40% of the industrial adhesives market is dedicated to packaging purposes.
The statistic that nearly 40% of the industrial adhesives market is dedicated to packaging purposes signifies a significant portion of the market being specifically tailored to the packaging sector. This indicates the substantial reliance of the packaging industry on industrial adhesives for various applications such as sealing, bonding, and labeling. The high percentage allocation highlights the importance of industrial adhesives in ensuring the efficiency and integrity of packaging materials and products across a variety of industries. This statistic underscores the essential role that industrial adhesives play in enhancing the quality and durability of packaging solutions in the market.
Around 60% of the global adhesive demand comes from construction, packaging, transportation, and automotive industries.
The statistic suggests that a significant portion, approximately 60%, of the global demand for adhesives is driven by four key industries: construction, packaging, transportation, and automotive. This data indicates that adhesives play a crucial role in these sectors, whether it is for assembling structural components in construction, securing packages in the packaging industry, bonding materials in transportation vehicles, or improving the design and functionality of automotive vehicles. The high demand from these industries highlights the diverse applications and importance of adhesives in various manufacturing and construction processes on a global scale.
The solvent-based adhesives segment held the largest market share of over 40% in the industrial adhesives market in 2019.
In 2019, the solvent-based adhesives segment dominated the industrial adhesives market by holding a market share exceeding 40%. This statistic implies that solvent-based adhesives were the most commonly used type of adhesive in industrial applications during that year. The significant market share indicates that these adhesives were preferred by industries over other types such as water-based or hot melt adhesives. The popularity of solvent-based adhesives could be attributed to factors such as their strong bonding capabilities, versatility in various applications, and potentially lower cost compared to other alternatives. This statistic highlights the importance of solvent-based adhesives in the industrial sector and underscores their leading position in the market landscape at that time.
The global industrial hot-melt adhesives market is predicted to reach USD 7.39 billion by 2024.
The statistic indicates a prediction for the future value of the global industrial hot-melt adhesives market, estimating it to reach USD 7.39 billion by the year 2024. This reflects the anticipated growth and expansion of the market in the coming years, driven by factors such as increasing demand for efficient and convenient bonding solutions across various industries. The projected value serves as a valuable insight for businesses, investors, and stakeholders in understanding the potential size and impact of the hot-melt adhesives market on a global scale, aiding in strategic decision-making and planning for the future.
The automotive industrial adhesive market is expected to grow at a CAGR of 5.4% between 2016 and 2021.
The statement indicates that the automotive industrial adhesive market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.4% over the period spanning from 2016 to 2021. This growth rate represents the average annual growth of the market size over the specified time frame. A CAGR provides a more accurate representation of growth compared to simple average growth rates as it accounts for the compounding effect year over year. Therefore, this statistic suggests that the automotive industrial adhesive market is expected to steadily expand at a moderate pace over the specified period, reflecting increasing demand and potential opportunities within the industry.
In Europe, Germany dominates the industrial adhesive market, accounting for over 15% share.
This statistic indicates that Germany has a significant presence in the industrial adhesive market within Europe, holding over 15% of the market share. This suggests that Germany is a key player in the industry and is likely a major producer and supplier of industrial adhesives in the region. The dominance of Germany in this market implies that the country has a competitive advantage, potentially due to factors such as technological innovation, high-quality products, or strong distribution networks. This statistic highlights the importance of Germany within the European industrial adhesive market and showcases its strength and influence in this sector.
The epoxy adhesive market is expected to reach USD 10.3 billion by 2025.
This statistic indicates that the epoxy adhesive market is projected to grow significantly, with a forecasted value of USD 10.3 billion by the year 2025. This growth suggests an increasing demand for epoxy adhesives across various industries such as construction, automotive, electronics, and aerospace. The market expansion could be driven by factors such as advancements in technology, growth in infrastructure projects, and the increasing adoption of epoxy adhesives due to their superior bonding properties. This forecast provides valuable insights for stakeholders in the epoxy adhesive industry to align their strategies and capitalize on the expected market growth in the coming years.
The global adhesive films market was valued at USD 14.45 billion in 2016.
The statistic stating that the global adhesive films market was valued at USD 14.45 billion in 2016 represents the total monetary worth of adhesive films sold worldwide during that particular year. This figure indicates the significant size and financial importance of the adhesive films industry, reflecting the high demand for these versatile products in various sectors such as packaging, automotive, construction, and healthcare. The market value serves as a key indicator of the economic impact and growth potential of adhesive films as a crucial component in an array of applications across different industries, highlighting their widespread use and contribution to the global economy in 2016.
The total revenue of the U.S. adhesive manufacturing industry in 2019 was $14 billion.
The statistic “The total revenue of the U.S. adhesive manufacturing industry in 2019 was $14 billion” represents the total amount of income generated by companies involved in producing adhesives within the United States for the year 2019. This figure provides a snapshot of the industry’s economic performance and overall size in terms of sales revenue. It indicates the significant financial impact adhesives have in the U.S. market, showcasing the demand and value of adhesive products across various sectors such as construction, automotive, packaging, and other manufacturing industries. Additionally, this statistic can serve as a benchmark for assessing the industry’s growth, competitiveness, and contribution to the national economy.
The U.S. adhesive manufacturing industry is expected to grow at an annualized rate of 1.3% between 2016 and 2021.
The statistic stating that the U.S. adhesive manufacturing industry is anticipated to grow at an annualized rate of 1.3% between 2016 and 2021 suggests that the sector is projected to experience a slow but steady increase in production and market size over the specified five-year period. This growth rate indicates a gradual expansion rather than rapid growth, likely influenced by various factors such as market demand, technological advancements, and economic conditions. This forecast provides valuable insights for industry stakeholders, highlighting potential opportunities for investment and development within the adhesive manufacturing sector in the United States during the stated timeframe.
3M, Henkel, and H.B. Fuller are among the leading key industry participants in the global industrial adhesives market.
The statistic states that 3M, Henkel, and H.B. Fuller are prominent industry players within the global industrial adhesives market. These companies are recognized as key participants due to their significant market presence, expertise, and product offerings in the industrial adhesives sector. Their strong market position signifies that they have a considerable share of the market and play an influential role in shaping industry trends and dynamics. As leading competitors, 3M, Henkel, and H.B. Fuller are likely to drive innovation, set industry standards, and compete for market share in the global industrial adhesives market, demonstrating their impact and importance within the industry.
In the construction adhesives market, the acrylic segment will exhibit a CAGR of 5.5% during 2020-2026.
This statistic indicates that within the construction adhesives market, specifically the acrylic segment, the Compound Annual Growth Rate (CAGR) is projected to be 5.5% between the years 2020 and 2026. This means that the acrylic segment is expected to experience a steady annual growth rate of 5.5% over the specified period. The CAGR provides a measure of the mean annual growth rate of a segment’s value over a specified time frame, offering insights into the segment’s potential for expansion and market performance in the construction adhesives industry.
The global market for cyanoacrylate adhesive is expected to grow at a CAGR of 6.1% from 2020 to 2027.
This statistic indicates that the global market for cyanoacrylate adhesive, a type of fast-acting and strong adhesive commonly used in various industries such as automotive, medical, and electronics, is projected to experience a Compound Annual Growth Rate (CAGR) of 6.1% from the year 2020 to 2027. This means that on average, the market size of cyanoacrylate adhesive is expected to increase by 6.1% every year during this period. The forecasted growth suggests a rising demand for this type of adhesive likely driven by its versatile applications, durability, and efficiency, leading to potential opportunities for businesses operating in this market.
Conclusion
The statistics presented for the industrial adhesive industry clearly demonstrate its significant growth and widespread applications across various sectors. With an increasing demand for specialized adhesives and a thriving market, the future looks promising for this dynamic industry. It is essential for businesses to stay informed about the latest trends and developments in order to capitalize on the opportunities presented by this ever-evolving market.
References
0. – https://www.www.researchandmarkets.com
1. – https://www.www.statista.com
2. – https://www.www.marketsandmarkets.com
3. – https://www.www.fortunebusinessinsights.com
4. – https://www.www.transparencymarketresearch.com
5. – https://www.www.gminsights.com
6. – https://www.www.ibisworld.com
7. – https://www.www.cision.com
8. – https://www.www.globenewswire.com
9. – https://www.www.mordorintelligence.com
10. – https://www.www.kennethresearch.com
11. – https://www.www.grandviewresearch.com
