HOME › Press Releases › Two Part Adhesive Market worth 6.23 Billion USD by 2020
Two Part Adhesive Market worth 6.23 Billion USD by 2020
The report "Two Part Adhesive Market by Resin Type (Polyurethane, Epoxy, MMA, Silicone, Others), by Application (Automotive, Construction, Electronics, Aerospace & Others) & by Region (North America, Europe, Asia-Pacific & Others) - Global Forecast to 2020", The two part adhesive market size is estimated to grow from USD 4.55 Billion in 2015 to USD 6.23 Billion by 2020, at a CAGR of 6.5%.
Browse 105 market data tables with 44 figures spread through 141 pages and in-depth TOC on "Two Part Adhesive Market by Resin Type (Polyurethane, Epoxy, MMA, Silicone, Others), by Application (Automotive, Construction, Electronics, Aerospace & Others) & by Region (North America, Europe, Asia-Pacific & Others) - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
The market is driven by rising use of adhesive in the vehicles for weight reduction. As the automotive industry uses lightweight materials such as plastics, composites, aluminum, and other lightweight materials which ultimately demand better adhesive material for bonding. So, it is a prime factor for the growth of two part adhesive, globally. Among all regions considered, Asia-Pacific and RoW are estimated to witness a strong growth in the next five years. Also, the demand across these regions is reinforced by the emerging markets, namely, China, Brazil, and India.
Automotive the largest application of two part adhesive market.
Two part adhesive are used in various applications such as automotive, construction, electronics, aerospace & others. These are the main applications considered in the report. In 2015, the automotive application segment is estimated to account for the largest market share among all the applications, in terms of volume, and is estimated to grow at the highest CAGR between 2015 and 2020 among all the applications considered, followed by construction, electronics, and aerospace.
Rising demand from Asia-Pacific the major driver for two part adhesive market
In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of volume, and is projected to grow at the highest CAGR between 2015 and 2020. The robust demand in Asia-Pacific region is the major driving factor for the two part adhesive market. China led the adhesive demand due to increased production of vehicles in the last 2–3 years. It is also the largest consumer of two part adhesive at the global level. Other emerging economies such as Brazil, India, and Mexico are projected to have a bright future in this market.
The scope of the report covers detailed information regarding the major factors influencing the growth of the two part adhesive market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India