According to a recent report issued by global newswire, the industrial adhesives market is growing at an impressive 6.3% compound annual growth rate (CAGR) over the forecasted period of 2021 to 2030. The market size in 2020 was about $50.5 billion and is expected to hit over $79 billion by the year 2030. The largest market is North America although the fastest growing market is the Asia-Pacific segment.
Industrial adhesives are generally made from natural and synthetic materials and are the chemical compounds designed particularly for joining two compounds. Industrial adhesives are in demand in a wide range of industries such as automotive, construction, furniture, medical, and many other industries and applications. Due to continual advancements in the field of polymeric chemistry, the industrial adhesive product portfolio market continues to expand. Additionally, technological advancements in resin chemistry have opened the door to a new paradigm of various end-use applications and a wide range of industrial adhesive products.
Important Growth Factors for Industrial Adhesives
Two industries in particular that are driving demand for advanced industrial adhesive technology are the automotive and paper packaging industries. The automotive market is a large contributor to the anticipated growth of industrial adhesives due to the demand for lighter weight vehicles and greater fuel efficiency. Several countries have implemented strict laws for pollution control and require vehicle manufacturers to adopt technologies that support improved fuel efficiency and lighter weight.
Industrial adhesives in automobiles provide exceptional bonding of many auto components thus reducing excess weight from mechanical fasteners and other heavier components. Additionally, autonomous and electric vehicles add to the growth of the industrial adhesives market.
The packaging industry continues to experience a demand for renewable packaging solutions with an increase in food delivery services as well as cosmetics and pharmaceuticals driving innovative packaging solutions. Industrial adhesives play a big role in lightweight, sustainable packaging products to a wide range of industries.
Lightweight, Reliable Industrial Adhesives by UNICHEM
Universal Chemicals & Coatings, Inc., UNICHEM, offer high-quality, high-performance uniBOND industrial in pieces available in various formulations to meet specific lamination bonding requirements. uniBOND is proven and many industrial adhesive coil coating processes to improve product quality and process efficiency leading to overall cost savings.
uniBOND is available for lamination bonding to metal, bonding rubber, polyethylene, polypropylene, fiber composites, PVC and TPO materials. UNICHEM combines in-depth knowledge of resin and adhesive technology with only the finest in quality materials to produce high-performance custom coatings and adhesives.
UNICHEM has been providing custom coating and adhesive solutions for more than 50 years. We are committed to research and development following a strict quality policy and rigorous testing of all products to ensure maximum performance. Contact us to learn how to improve your application with high-performance industrial adhesives for reliable bonding solutions.