Call Us Sign-Up/Sign-In
Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Two Part Adhesive Market Size Forecast to Reach $7.2 Billion by 2025


Two Part Adhesive Ma

iCrowdNewswire   Feb 9, 2021  4:00 AM ET

Two Part Adhesive Market size is forecast to reach $7.2 billion by 2025, after growing at a CAGR of 6.8% during 2020-2025. Increasing the use of two-part adhesives to replace traditional binding and adhering methods such as mechanical screwing, clasping, and welding in the end-use industries will propel the market growth of two-part adhesives. Also, rising adhesive demand in bonding various plastics, composites, and various lightweight materials in the automotive, construction, and aviation industries will drive the market for two-part adhesive industry in the forecast period.

Two Part Adhesive Market Segment Analysis – By Type

Polyurethanes are extensively used in two part adhesive market. Two part polyurethane adhesive coating is an electronics grade; unfilled, rapid curing at room temperature; two-component polyurethane adhesive is designed to connect and encapsulate circuit boards, circuit board components and to secure the screw threads. Polyurethanes provide long-term circuit protection and bond stability. Two Part Polyurethane Adhesive coating bonds well to most metals, ceramics, and plastics as well as to epoxy and paper phenolic circuit boards. Also, the transparency of the Two Part Polyurethane Adhesive allows all encapsulated parts and circuit boards to be examined. Owing to the excellent flexibility at low and high temperatures, UV and moisture resistance, low shrinkage on curing, and excellent adhesion to most substrates without primers the demand for Two Part Adhesive is anticipated to rise in the forecast period.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=16542

Report Price: $ 4500 (Single User License)

Two Part Adhesive Market Segment Analysis – By End-Use

Automotive held the largest share in the two part adhesive market in 2019 and is projected to grow at a CAGR of 7.1% during the forecast period 2020-2025. Two part adhesive is extensively used in the manufacturing of automotive as they provide resistance to vibration, impact, shock, abrasion, and many chemicals as well as superior durability and thermal stability. Over the past twenty years, the adhesives used in automotive have become ever more sophisticated and capable. This trend was driven by a need to bond new materials that are weight-saving or corrosion-resistant in an environment that is becoming increasingly healthy and cost-conscious. Two part adhesives offer incredible reliability from structural bonding to the assembly of vehicle electronic components, climate control, and chassis/brake applications. Also, owing to the increasing usage of two parts adhesive as it decreases stress concentrations, offers smooth contours, enhances service life or improves performance, and is cost-effective, the market for two part adhesive is anticipated to grow in the forecast period.

Two Part Adhesive Market Segment Analysis – Geography

Asia Pacific held the largest share with 52.1% in the two part adhesive market in 2019. The market for two part adhesives in the APAC region is mainly driven by the ongoing developments in the automotive industry. China has led the adhesive market in the last 2–3 years due to increased vehicle production. It is also the worldwide biggest consumer of two-part adhesives. It is projected that other emerging economies like Brazil, India, and Mexico will have a bright future in this market. China and India are considered to be the biggest consumers of two part adhesives in the APAC region. According to the International Trade Administration, China is the largest vehicle market in the world, with the Chinese government expecting car production to reach 30 million units by 2020, and 35 million by 2025. In 2018, China’s specialty auto parts industry reached around $3.5 million, showing an annual growth rate of about 30%. Due to COVID-19 palindrome, there was a sudden decrease in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA) the production of vehicles in 2019 in China decreased by -7%, in India, it decreased by -12%, and in South Korea by -1%. It is estimated that after the decrease of COVID-19 palindrome, the production of automotive is going to rise again in the forecast period.

Two Part Adhesive Market Drivers

Increasing the use of two part adhesives in aerospace applications

A two-part adhesive may simply be described as ’high-strength glue’ which binds components together in a load-bearing structure. Structural adhesives are commonly used for bonding metal-to-metal, metal-to-composite, and composite-to-composite sections in aircraft. Two-part adhesives are most commonly used in joints of thin aerostructures with a well-defined load path. Also, they are used to join thick airframe structures with complex, multidirectional load paths, although the joint is usually reinforced with fasteners such as bolts, rivets, or screws for added strength and safety. Two-part adhesives are also used to bond repair patches to damaged aircraft structures. Hence increasing the use of two-part adhesive in aerospace applications will further drive the market in the forecast era.
Rising demand for low VOC, sustainable and green adhesives

Environmental regulations, limitations, and specifications are becoming increasingly prevalent. Volatile organic compounds (VOC) derived from a number of different sources can be found in any indoor environment. Hence the demand for green adhesives is constantly increasing and encourages the application of new ways of sustainability to adhesives and helps to reduce VOCs. Biodegradable adhesives, such as two part adhesives, are designed for breaking down bacteria and other micro-organisms. The degradation process produces environmentally determined water, carbon dioxide, and other natural gases. Also, two part green adhesives are primarily used for paper and packaging, grooming products, envelopes, and medical devices as well which leads to an increase in the market.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=16542

Two Part Adhesive Market Challenges

Volatile raw material prices affect the demand for two part adhesive

Significant rises in prices for basic chemicals and intermediates, reduced supply, and high global demand make adhesive raw materials considerably more expensive. The adhesive industry is concerned about substantial rises in the price of basic chemicals and intermediates, which constitute the chemical basis for a large number of main adhesive raw materials. Changes in the supply or demand balance across the entire chain have a greater effect on the prices of adhesive raw materials. Markets for ethylene and ethylene by-products have tightened, and demand/supply factors varying from chemical to chemical impact the price of most adhesive raw materials more than the world market price of crude oil. The fluctuations in raw material prices also affect the manufacturers’ operating margins, which in turn makes it difficult for them to sustain themselves on the global two-part adhesive market.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in two part adhesive market. In 2019, the market of two part adhesive market has been consolidated by the top five players accounting for xx% of the share. Major players in the two part adhesive market are H.B. Fuller Company, Henkel AG & Company, BASF SE, Dow Chemical Company, Sika AG, Bostik, Master Bond Inc., among others.

Key Takeaways

The two-part adhesives market is rapidly growing due to their properties such as fast curing, easy to process with its creamy consistency, perfect shine after mechanical polishing, high chemical resistance, excellent wear resistance, high bonding power even at high temperatures.

Strict regulatory frameworks in the U.S. and Europe, including VOC levels, emission regulation, and increased fuel quality, will contribute to growth on the market for two-part adhesives.

Two-part adhesives market is growing in the construction sector as two-part adhesives replacing traditional binding and adhering approaches such as mechanical pin, fastening, and welding.

The global COVID-19 pandemic has led to a sudden pause in manufacturing activities worldwide, affecting two part adhesives demand as well as their production & processing. Automotive & transport, consumer products, manufacturing machinery, construction, and electronics are the most significantly affected end-use segments of the two part adhesive industry.

Related Reports :

A. Polyurethanes Market

https://www.industryarc.com/Report/11682/polyurethanes-market-analysis.html

B. Silicone Adhesives Market

https://www.industryarc.com/Report/18765/silicone-adhesives-market

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677






Keywords:    Two Part Adhesive Market, Two Part Adhesive Market size, Two Part Adhesive industry, Two Part Adhesive Market share, Two Part Adhesive top 10 companies, Two Part Adhesive Market report, Two Part Adhesive industry outlook

Tags:    Reportedtimes, Wire, Extended Distribution, iCN Internal Distribution, Research Newswire, English