Global Industrial Adhesives Market: Key Highlights
Global Industrial Adhesives Market: Key Market Dynamics
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Global Industrial Adhesives Market: Regional Overview
Asia-Pacific is expected to account for the largest share in the global industrial adhesives market during the forecast period, owing to the automotive and electronics industries in China are growing at a rapid rate. Moreover, the countries such as China, India, Japan are manufacturing hub, the packaging industry is also growing is also boosting the industrial adhesives market.
Europe is expected to contribute substantially to the growth of the industrial adhesives market owing to the presence of developed automotive and aerospace industries in Germany, the UK, and Spain. Recent advancements in adhesive technologies in the region are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. The focus on minimizing carbon emissions and enhancing fuel economy, by reducing vehicle weight, is expected to fuel the demand for industrial adhesives in the region.
Global Industrial Adhesives Market: Key Players Overview
Solvay is a Belgium-based international chemical and advanced materials company. Through its subsidiaries, it operates four segments: Advanced Materials, Advanced Formulations, Performance Chemicals and Corporate & Business Services. Advanced Materials offers high-performance materials for multiple applications primarily in the automotive, aerospace, electronics, and health markets providing sustainable mobility solutions, reducing weight and improving CO2 and energy efficiency. In September 2018, Solvay increased structural adhesives manufacturing capacity with new automated UK plant, supporting acceleration of customers’ aerospace programs.
Henkel AG & Co KGaA is engaged in the consumer and industrial business. The Company's segments include adhesives for consumers, craftsmen and building, industrial adhesives, beauty care and laundry and home care. The Company has operations in Western Europe, Eastern Europe, Africa/Middle East, North America, Latin America and Asia-Pacific. The Company's Adhesives for Consumers, Craftsmen and Building operating segment markets a range of brand name products for private users, craftsmen and the construction industry.
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