Reactive Adhesives Market analysis is provided for global market including development trends by regions, competitive analysis of Reactive Adhesives market.
We provide latest and updated Market report which are helpful to Investors and someone who wants to invest in Industry. Reactive Adhesives Market report provides detailed analysis and competitive analysis by region and other main information like a manufacturing process, raw material, and equipment suppliers, various manufacturing associated costs, historical & futuristic cost, revenue, demand and supply data, the actual process. Reactive Adhesives Market report offers a detailed analysis of the industry, with market size forecasts covering the next four years.
Market Segment by Manufacturers, this report covers
3M Co., AdCo UK Limited, American Biltrite Inc., Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., BÃHNEN (Germany), Collano Adhesives AG, DELO Industrial Adhesives, Dow Chemical Co., Dow Corning Corporation (U.S.), Drytac, Dymax, Franklin International, H.B. Fuller Co., Helmitin Adhesives, Henkel AG & Co. KGaA, Hexcel Corporation,Hexion, Huntsman Corp., ITW Performance Polymers (Illinois Tool Works Inc.), Jowat AG, KMS Adhesives, LORD Corp., Mactac, Mapei Spa, Master Bond, Pidilite Industries Ltd., Royal Adhesives and Sealants, Sika AG, Super Glue Corp., Tesa SE (A Beiersdorf Company), Wacker Chemie AG, Yokohama Industries.
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Reactive Adhesives Market Segment by Regions, regional analysis covers
The Asia-Pacific reactive adhesives market is expected to register a moderate CAGR during the forecast period, 2018 to 2023. China is estimated to lead the market owing to its rapid increase in production of automotive and increase in installation of wind turbines. Wind turbines segment is expected to be the fastest growing by end-user industry.
Growing Demand from Automotive Industry
Reactive adhesives play a vital role in the automotive production for the adhesion of many materials, such as steel, aluminum, and other components of a vehicle. Polyurethanes and modified acrylics are some of the primarily used reactive adhesives in the assembling operation of cars and other vehicles. Other applications of reactive adhesives in the automotive industry include roof linings, bonding of seat units, glazing, sheet molding, etc. They can also be used to bond emblems, as well as anchor plates onto gear knobs. The automotive production in whole of Asia-Pacific grew by 3.3% YoY in the year 2017, as compared to 2016, reaching a total of 53,540,607 vehicles. The application of adhesive bonding enables a significant weight reduction of the vehicle, an increase of the body stiffness, improved crash performance/safety and enhanced NVH characteristics, as compared to conventional joining technologies. With increased emphasis on fuel efficiency and vehicular emission control, the reduction of vehicle body weight is gaining widespread importance across Asia-Pacific.
Wind Turbines – The Fastest Growing End-user Industry
The consumption of wind energy has been significantly increasing across Asia-Pacific owing to increase in demand for clean energy to reduce pollution. They offer many advantages, such as: they provide an unlimited & free energy, harvesting wind power is a clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases. Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
China to Lead the Market
The total installed wind power capacity in China reached a total of 188,232 MW in 2017 registering a growth rate of 11.58%. Chinaâs transport ministry and National Development and Reform Commission (NDRC) has planned to invest USD 724 billion during the period 2016-2018 to construct 303 key transportation projects including railways, highways, waterways, airports, and urban rail. Under the 13th five year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. The production of light vehicles in China recorded a growth of 1.6% YOY, reaching a total of 24,806,687 units in 2017. The production of trucks in China recorded a growth of 28.5% YOY, reaching a total of 2,257,562 units in 2017. The government of China is planning to introduce more than 1 million electric vehicles by 2020 which is further expected to drive the market for reactive adhesives in the country.
Notable Developments in the Market
October 2017: H.B. Fullerâs finalized its acquisition of Royal Adhesives & Sealants for USD 1.575 billion. This acquisition is likely to deepen H.B. Fullerâs expertise in a range of sectors, such as medical, electronics, hygiene, transportation, construction, clean energy, and others
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Major Players: Henkel AG, HB Fuller, Arkema, Sika AG, and 3M, among others.
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Analyzing various perspectives of the market with the help of Porterâs five forces analysis
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Countries expected to witness the fastest growth during the forecast period
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