Plastic Adhesives Market

Plastic Adhesives Market Insights

As plastics have properties like extreme flexibility and durability, it is challenging to find good adhesives that work on plastics. Normal glues do not work on the surface of plastics due to their smooth and velvety surface. Therefore, it is critical to use plastic adhesives to produce objects. A few of the best plastic adhesives found in the market are Loctite Vinyl, Fabric & Plastic Flexible Adhesive. The applications can be seen in multiple verticals like food & beverage, chemicals, building & construction, and many more verticals.

According to the report published by Global Market Estimates Research & Consultants, the Plastic Adhesives Market is indicated to register a requisite hastening of 6.3% during the forecast period (2020-2026).

APAC is considered to be the largest contributor towards the share, the major restraint of the market is awareness towards a plastic-free environment that may affect the uniform drive of the market yet, rapid extension of the e-commerce industry, infrastructure investments in the building and construction sector, and demand in food packaging necessities are the foremost market accelerators attending the augmentation.

Plastic Adhesives Market: By Type of Resin

Polyurethane, epoxy, silicone, acrylic, MMA, and others are the various types of resins witnessed in the global market. The division to account for the largest market proportion is polyurethane. Polyurethane is a synthetic material composed of organic units linked through carbamate links. They are made by the exothermic reaction between alcohols and reactive hydroxyl (-OH). Polyurethane is used in the majority of the automotive industry to make foams, carpets, and elastomeric wheels. Increasing automated car technology has resulted in increased sales in the automotive industry. Therefore, swift motorization is accounted to be the largest contributor towards the increment of the global plastic adhesives market.

Plastic Adhesives Market: By Type of Substrate

Based on the substrate, the market bifurcation can be seen as PE, PP, PVC, and others. The PE in roadways is seen to be growing the fastest in this market. There are two types of polyethylene such as low-density polyethylene and high-density polyethylene. PE can be applied extensively in food packaging. The widespread accessibility for frozen foods and the expansion of the cold chain market is the prime accelerators towards the revenue growth of the market.

Plastic Adhesives Market: By Type of Application

Packaging, assembly, automotive & transportation, building & construction, medical, and others are the varied types of applications visible in the market. The packaging domain will lead to high market demand in the given period. The increase in the use of PE and PET for dairy, meat, and seafood processing to maintain shell life, nutrients, and flavor is the driver expected to aid the growth of the global market.

Plastic Adhesives Market: By Region

Based on the regional study, the Asia Pacific region is considered to make the market highly competitive during the forecast period. Government support for the electrical and electronics industry, progressing demand for the automotive domain, and growth in the appliance industry are the propellers affecting the growth of the plastic adhesives market.

Plastic Adhesives Market Share and Competitor Analysis

Henkel Ag, H.B. Fuller, Arkema, Sika AG, 3M Company, Dow Inc., Illinois Tool Works Inc., Parker Hannifin Corp., Master Bond Inc., Permabond LLC, Huntsman International LLC, Ashland Inc., Mapei S.P.A., IPS Corporation, Dymax Corporation, Astral Adhesives, Pidilite Industries Ltd., Hernon Manufacturing Inc., Jowat SE, and other industries are the prominent vendors in the global Plastic Adhesives market.

Please note: This is not an exhaustive list of companies profiled in the report.

In July 2019, Henkel Corporation heralded an expansion of the market in Salisbury.

In July 2018, 3M Company launched multi-material composite urethane adhesives DP6310NS and DP6330NS.