ADHESIVE COATING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global adhesive coating market is estimated to be valued at USD 44.05 Bn in 2024 and is expected to reach USD 54.36 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.04% from 2024 to 2031. The global adhesive coating market has witnessed substantial growth over the past few years due to the increasing demand from various end-use industries such as building & construction, paper & packaging, transportation, woodworking, and others. Adhesive coatings are applied on various surfaces to adhere or bond them together and provide strength. These coatings play a vital role in numerous industrial, commercial, and residential applications. Factors such as rising infrastructure development activities, rapid urbanization, and growing construction projects are driving the sales of adhesive coatings globally. Moreover, strong economic growth coupled with industrialization in emerging nations has boosted the sales and demand for adhesive coatings across major regions. However, stringent environmental regulations regarding the use of certain chemicals in adhesive formulations might hamper the industry growth to some extent over the coming years.
Market Dynamics:
The global adhesive coating market is primarily driven by robust growth in key end-use industries such as building & construction, automotive, packaging, and others. Growing urbanization and infrastructure projects in both developing and developed economies have augmented the demand for adhesive coatings. Rising investments in commercial construction, renovations, and residential sector have created numerous opportunities for adhesive manufacturers globally. Moreover, increasing adoption of lightweight and high-performance adhesive coatings in automotive and aerospace industries have provided a thrust to market growth. However, volatility in raw material prices due to supply chain disruptions and environmental regulations regarding VOC emissions from certain formulations pose challenges to industry participants. Ongoing R&D for bio-based and environment-friendly adhesive formulations presents new opportunities for coating suppliers in the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global adhesive coating market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global adhesive coating market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Sika AG, BASF SE, Dow Inc., Arkema S.A., LORD Corporation, Jowat SE, Avery Dennison Corporation, Momentive Performance Materials Inc., Franklin International, Tesa SE, Huntsman Corporation, and Mitsubishi Chemical Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global adhesive coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global adhesive coating market
Market Segmentation
Market Segmentation
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