Global Industrial Adhesives Market size is expected to expand at moderate growth rate in terms of volume during the forecast period. Healthy growth of the product is attributed to the replacement of mechanical fasteners with these adhesives in various end-user industries such as consumer durables, automotive, construction, packaging, aerospace, and other heavy industries, according to a report by Global Market Insights Inc.
Major application of industrial adhesives is in automobile industry, using these adhesives as a substitute to metal fasteners reduces weight of the vehicle by almost 15 percent. Further, these adhesives are environment friendly as compared to other type of fixtures, as vehicle becomes more fuel efficient due to its low weight, resulting in reduced carbon emissions. These advantages are increasing the adoption of industrial adhesives in automobile application.
Automobile industry is growing significantly in South East Asia coupled with well-established market in Germany and Japan. Launch of affordable vehicle categories and consumer awareness regarding luxurious car segments are the factors boosting vehicle purchase, leading to thriving industrial adhesives market.
Industrial adhesives are preferred in consumer durables for packaging and assembling, due to ease of its use in terms of flexibility, lesser cure time and better adhesion. Increased number of attractive consumer appliances along with rising in purchase power of consumers have flourished consumer durables market in recent years, thus bolstering global industrial adhesives market.
Many internal parts of aircrafts need a high-quality adhesion to keep them intact, also adhesives are used to assemble outer body of the aeroplanes. As each gram in these aircrafts counts a lot in terms of its fuel consumption and safety, so utmost care is taken to use adhesives instead of metal or any other fasteners in manufacturing of these aircrafts.
Though aerospace industry is suffering from a stagnant growth in recent years due to economic slowdown but is anticipated to cope up with rapid pace in next 7 years. This upliftment in aerospace industry is expected to fuel industrial adhesives consumption during the forecast period.
Industrial adhesives are used in construction industry for various applications such as furniture, making plaster, false ceiling, tiles, attractive aesthetic designs etc. Additionally, escalating hospitality sector has increased the demand for exceptional quality aesthetic that can be achieved through these adhesives.
Global Industrial Adhesives Market size is expected to expand at moderate growth rate in terms of volume during the forecast period. Healthy growth of the product is attributed to the replacement of mechanical fasteners with these adhesives in various end-user industries such as consumer durables, automotive, construction, packaging, aerospace, and other heavy industries, according to a report by Global Market Insights Inc.
Major application of industrial adhesives is in automobile industry, using these adhesives as a substitute to metal fasteners reduces weight of the vehicle by almost 15 percent. Further, these adhesives are environment friendly as compared to other type of fixtures, as vehicle becomes more fuel efficient due to its low weight, resulting in reduced carbon emissions. These advantages are increasing the adoption of industrial adhesives in automobile application.
Automobile industry is growing significantly in South East Asia coupled with well-established market in Germany and Japan. Launch of affordable vehicle categories and consumer awareness regarding luxurious car segments are the factors boosting vehicle purchase, leading to thriving industrial adhesives market.
Industrial adhesives are preferred in consumer durables for packaging and assembling, due to ease of its use in terms of flexibility, lesser cure time and better adhesion. Increased number of attractive consumer appliances along with rising in purchase power of consumers have flourished consumer durables market in recent years, thus bolstering global industrial adhesives market.
Many internal parts of aircrafts need a high-quality adhesion to keep them intact, also adhesives are used to assemble outer body of the aeroplanes. As each gram in these aircrafts counts a lot in terms of its fuel consumption and safety, so utmost care is taken to use adhesives instead of metal or any other fasteners in manufacturing of these aircrafts.
Though aerospace industry is suffering from a stagnant growth in recent years due to economic slowdown but is anticipated to cope up with rapid pace in next 7 years. This upliftment in aerospace industry is expected to fuel industrial adhesives consumption during the forecast period.
Industrial adhesives are used in construction industry for various applications such as furniture, making plaster, false ceiling, tiles, attractive aesthetic designs etc. Additionally, escalating hospitality sector has increased the demand for exceptional quality aesthetic that can be achieved through these adhesives.
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