(MENAFN – America News Hour) The global specialty adhesives market is driven by the demand for such adhesives in the medical and automotive industry. Such adhesives exhibit strong bonds and are resistant to water and temperature. Traditional adhesives are less expensive than specialty adhesives by display average performance. It is majorly used in assembling the product and is a replacement for mechanical fasteners. The aircraft sector is seen to switch to lower weight and fuel consumption materials by incorporating specialty adhesives.
The rise of the infrastructure development in emerging countries is giving a boost to the specialty adhesive market. This is majorly due to theindustrialization of such economies. There is also a growing demand for different kinds of floor laminates, coatings,and facades that are driving the market further. Huge investments in R & D of biobased products are shaping the global market.
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Here we will analyze the market dynamics such as drivers, trends and industry-specific challenges for the Specialty Adhesives market.
Product differentiation is one of the main drivers of the market. There is a strong focus on the technology advancement and environmental regulations that have caused manufacturers to produce different types of raw materials to improve the product.
Slowly conventional materials are being replaced by specialty adhesives as it aids in reducing weight and vibrations and further improves the aesthetics of the product. The ease of using such adhesives in assembling which increases the repair of components in contrast to pressure sensitive tapes is expected to surge the market ahead.
The main trend seen in the global specialty adhesive market is the growing consumer awareness and demand for better adhesives in the market. There is a shift from mechanical fastener to specialty adhesives, improved lifestyle, disposal income and strong brand loyalty that is propelling the growth of the specialty adhesive market.
Restraint & Challenges:
The harmful emission of volatile organic compounds is seen as restricting thegrowth of the adhesive market. Stiff competition from other low priced materials, stringent environmental regulations and acquisitions will definitely cause an adverse effect on the specialty adhesive market.
The market is segmented by Technology Type:
The market is segmented by product type:
Phenolics and their derivatives
Urea-formaldehyde resins and related products
All natural adhesives
Polyvinyl chloride and copolymers
hot melt adhesive
pressure sensitive adhesive
The market is segmented by Application:
Building & Construction
Disruptive innovation and international exposure to technology are helping emerging markets like India which has identified disposable hygiene sector as an untapped market with lots of opportunities. The industry wants smart adhesives that are flexible and efficient and can do much more than their adhesive properties.
The Asia Pacific is leading the market for global specialty adhesives and is a major share of the market. North America is positively showing growth signs of the specialty adhesives in the furniture and footwear industry.
Some of the major players in the market include:
Savar Specialty Adhesives
Specialty Adhesives, Inc.
Specialty Adhesives & Coatings Ltd.
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Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
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Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
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Rest of Middle East and Africa
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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