ADHESIVE COATING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

The market remains an attractive industry for chemical manufacturers. The market is driven by increasing applications of adhesives in numerous end-use industries such as packaging, construction, automotive, footwear, and electronics. The rising demand for lightweight and high-performance materials from the automotive industry continues to propel the market growth. Additionally, stable growth in the packaging sector owing to increasing online shopping and e-commerce activities favors adhesive coating consumption.

However, stringent environmental regulations regarding VOC emissions during adhesive production may hinder the market expansion to some extent. Also, growing adoption of alternatives like welding and mechanical fasteners poses challenges. Fluctuating raw material prices due to supply chain disruptions is another key concern for adhesive formulators.

Nevertheless, advancements in adhesive technologies offer new opportunities. Developing bio-based and sustainable adhesive products will support environment-friendly business approaches. Furthermore, the Asia Pacific region excluding Japan dominates the market and promising infrastructure development projects indicate ongoing lucrative prospects. Additionally, a steadily rising building & construction industry across developing nations keeps the market fueled.