According to the research report titled ‘Global Adhesives Market 2021-2028’, available with Market Study Report, global adhesives market is projected to register a y-o-y growth rate of 5.71% (by value) and 4.60% (by volume) during 2021-2028.
 

Expansion of building sector with increased use of adhesives for construction activities, coupled with growing applications in the packaging vertical for frozen food packaging, flexible packaging, composite containers, and specialty packaging are the major factors driving the growth of global adhesives market. Additionally, increasing demand from the consumer electronics industry along with growing applications in the automotive sector are generating lucrative prospects for the business sphere.
 

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On the downside, factors such as variability in the prices of raw materials and stricter rules & regulations are restraining the market progression.
 

Based on technology, worldwide adhesives industry is segmented into solvent-based, water-based, hot melt, and reactive among others. On the basis of type, the marketplace is divided into acrylic, polyurethane, polyvinyl acetate, styrenic block, ethylene vinyl acetate, epoxy, and other product types. Speaking of end user spectrum, the industry space is categorized into automotive, packaging, construction, footwear, pressure sensitive, furniture, and other end users.
 

Considering the geographical analysis, expert analysts cite that Asia-Pacific adhesive market is likely to display strong growth patterns over the forecast period on account of expanding electronics industry with growing demand for electronic equipment in the region. In addition to this, availability of skilled labor, favorable government policies, and expanding end user verticals are positively swaying the market dynamics in Asia-Pacific region.
 

Leading players in worldwide adhesives industry are Hexcel Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, Eastman Chemical Company, Dow Chemical Company, Beardow & Adams (Adhesives) Ltd., BASF SE, Avery Dennison Corporation, Ashland Global Holdings Inc., Arkema S.A., the 3M Company, Uniseal Inc., Sika AG, RPM International Inc., Momentive Performance Materials Inc., and Huntsman Corporation.