The global plastic adhesives market is projected to reach $13.4 billion by 2033, growing at a CAGR of 4.9% from 2024 to 2033.

WILMINGTON, DE, UNITED STATES, November 28, 2024 /EINPresswire.com/ -- The plastic adhesives market report provides an in-depth analysis of the current industry trends and dynamics throughout the forecast period. It offers a comprehensive study of the sector, focusing on key factors influencing its growth. The report covers aspects such as dynamics, major segments, leading players, and the competitive landscape.

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The report includes:
Clear and easy graphical and tabular representation
A comprehensive overview of the global plastic adhesives market
Analysis of global market trends, featuring data from 2023, projections for 2024, and compound annual growth rate (CAGR) forecasts through 2033
Insights into key drivers, opportunities, and constraints shaping the market

The report analyzes the size and forecasts of the sector by segmenting it based on resin type, technology, and end-use. In addition, it includes a geographical analysis of these segments, with each section examined at the regional level to provide a thorough understanding of the industry.

As per the report published by Allied Market Research, the global plastic adhesives market is expected to register an impressive CAGR of 4.9% with net revenue of $13.4 billion by 2033. The sector is gaining momentum due to the surge in demand from the aerospace and automotive industries. However, safety and health concerns are projected to limit the industry’s growth to some extent. Nevertheless, a rise in medical device assembly is anticipated to open new avenues of growth in the future.

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Trend analysis

Trend analysis in the report enables businesses to predict future market conditions and consumer demands by leveraging historical data. This is essential for developing effective marketing strategies and product offerings.

The plastic adhesives market is witnessing a significant shift toward sustainable formulations, which is fueled by growing environmental awareness and stricter regulatory requirements. Industries are increasingly adopting adhesives with low volatile organic compound (VOC) emissions and those made from recyclable or bio-based materials. In addition, the rising demand for recyclable plastics plays a pivotal role, as effective bonding of different plastic types is essential for efficient recycling processes.

Moreover, advancements in adhesive technologies are driving the creation of hybrid adhesive solutions that merge the benefits of various adhesive types, thus improving both performance and versatility. Notable innovations include cyanoacrylate-based adhesives with rapid curing capabilities, designed to meet the needs of industries requiring instant bonding solutions.

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Competitor's analysis

The report provides an in-depth analysis of the competitive landscape in the industry, offering a detailed overview of the industry's frontrunners. Key players in the sector are extensively analyzed to assess their market share, competitive strengths, and positioning. This evaluation aims to deliver a comprehensive understanding of their roles within the industry. In addition, the company profile section includes valuable insights, such as an overview of the organization, details about key executives, primary growth strategies employed, and innovative initiatives or strategies adopted to enhance their global standing.

The top entities profiled in the report are:
Sika Corporation
MAPEI Corporation
Jowat Corporation
Dow
Avery Dennison Corporation
H.B. Fuller Company
Henkel Corporation
Arkema
3M
Huntsman International LLC.

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Key sectoral developments

In April 2023, Dow and Avery Dennison jointly developed an innovative and sustainable hotmelt label adhesive solution. This adhesive allows polyolefin filmic labels and polypropylene (PP) or polyethylene (PE) packaging to be mechanically recycled in a single stream. It is the first adhesive in the label market and has been approved by RecyClass for recycling in the HDPE colored stream with a Class B rating.

In conclusion, the plastic adhesives industry report delivers a comprehensive market analysis, by providing valuable insights to help businesses gain a competitive edge. By highlighting current trends and recent developments, the report enables organizations to formulate more effective strategies.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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