Growth and Future of the Industrial Adhesives Market is Revolutionizing the Automotive, Packaging, Construction, and Electronics Industry

The global industrial adhesives market is predicted to register a CAGR of 4.4% over the forecast period, as per FMI's analysis. The industry's size is anticipated to increase from US$ 57,444 million in 2023 to US$ 85,786.4 million by 2033 end.

The industrial adhesives industry is being driven forward by the extensive application areas of the product. For instance, in the construction industry, the product is used for ceramic tile installation, floor tile and flooring installation, counter lamination, and carpet adhesives, among others.

The product further finds application in consumer products like decorative films, model and hobby supplies, and school and stationery products, among various other application areas. Surging demand for the product from construction, consumer adhesives, tapes, packaging, and transportation, among others, and the high growth of the aforementioned sectors, are expected to have a positive influence on the industry growth.

The ongoing investigation of industrial adhesives for their environmental impact is making waves in the market space. As a result, emphasis is being made on the acquisition of environmentally safe and superior quality adhesives. Due to the adverse effect of synthetic compounds and the limited raw materials (oil reserves), renewable and natural resources offer an attractive alternative for the development of industrial adhesives.

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Top Highlights from the FMI's Analysis of the Industrial Adhesives Market:

Key Companies Profiled

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Industrial Adhesives Market by Category

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Electronics Adhesives Market: India is expected to generate a total absolute $ opportunity of US$ 537.5 Mn by the end of the forecast period. The demand for electronics adhesives can largely be attributed to the mobiles and telecommunications sectors.

Asia Pacific Industrial Solvents Market: Demand for solvents is estimated to grow by 5.9% year over year during 2022 resulting in revenue generation of US$ 14,590.7 million in the same year in the Asia Pacific region.

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