According to a research report titled ‘Global Adhesives Market 2021-2028’, available with Market Study Report, global adhesives market is anticipated to grow at 5.71% CAGR by value and 4.60% CAGR by volume through 2028.
 

As per report findings, favorable sentiments regarding use of product in the construction industry, coupled with extensive applications in the packaging sector are boosting global adhesives market growth. Notably, adhesives find application in composite containers, specialty packaging, frozen food packaging, and flexible packaging. Rising demand from consumer electronics vertical and automakers is also adding traction to industry remuneration.
 

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However, uncertainty in raw material prices, coupled with strict rules & regulations imposed by authorities will impede market growth during the forecast period.
 

Based on technology, global adhesives market is split into solvent-based, water-based, hot melt, reactive, and others. By product type, the industry is arrayed into acrylic, polyvinyl acetate (PVA), ethylene vinyl acetate (EVA), polyurethane, styrenic block, epoxy, and others.
 

Speaking of end user segment, automotive, construction, packaging, footwear, furniture, and pressure sensitive among others contribute to market remuneration.
 

On the regional front, Asia Pacific adhesives industry is anticipated to record highest CAGR during the forecast period, owing to factors such as easy availability of skilled laborers as well as favorable government policies. Moreover, rising demand for adhesives from APAC electronics industry will also generate significant revenues.
 

Key contenders in global adhesives market are Beardow & Adams Adhesives Limited, RPM International Inc., Uniseal Inc., BASF SE, Dow Chemical Company, Momentive Performance Materials Inc. (MPM),  Eastman Chemical Company, HB Fuller Company, Arkema SA, Henkel AG & Co. KGaA, Avery Dennison Corporation, 3M Company, Sika AG, Huntsman Corporation, Ashland Global Specialty Holdings Inc., and Hexcel Corporation.