Are Adhesives Gaining Market Share?
7/3/2013 12:38:00 AM
FEATURE
Adhesives are finding widespread applications in a range of industrial and commercial sectors, according to a new 1,089-page report by Global Industry Analysts.
“Specialty and engineering adhesives are widely used in the construction and automotive industries, while general-purpose adhesives find applications in the textiles, consumer goods and packaging sectors,” according to “Adhesives – Global Strategic Business Report.
Europe, Japan, and the U.S. have long represented major markets for adhesives.
“The Middle East and Asia-Pacific region led by countries like China, India, Taiwan, Vietnam, South Korea, are forecast to drive future growth in the market.”
In South America, Brazil and Argentina are emerging as promising markets for adhesives.
Environmental concerns and regulations have always weighed down upon adhesives, as the industrial chemical waste generated by this industry is one of the primary sources of environmental pollution.
“Formulation and production of eco-friendly adhesives like solvent-free adhesives are growing in popularity. Manufacturers are increasingly investing in manufacturing and product development programs to engineer eco-friendly adhesives based on vegetable oils, organic starch, feedstock, soy and water formulations.”
Manufacture of polyurethane adhesives derived from microbial processes and fermentation is growing in popularity. Finding strong favor among adhesive manufacturers are vegetable oils, which are already being used widely in formulating efficient adhesives like polyamides that are capable of competing effectively against petroleum derived adhesive systems.
“Increasing use of high performance adhesives in medical applications is driving growth in the market. Growing demand for dental and surgical adhesives, as a result of the aging population, is also benefiting demand in this sector.”
Growing focus on renewable energy is also opening up opportunities or adhesive manufacturers, the report finds.
“The push towards a viable renewable energy source has brought solar photovoltaic power technology to the forefront, and manufacturing of solar panels is forecast to emerge into one of the most crucial application areas for adhesives.”
The miniaturization trend in electronics is also helping spur demand, particularly for conductive adhesives. Miniaturization of electronics has popularized the system-on-chip (SoC) technology, where specialized adhesives find mission critical applications. Electrically and thermally conductive adhesives or polymer based binding agents are used in anti-vibration shock mounting of circuit boards. Technology developments that improve the conductivity properties of conductive adhesives will help drive demand in the market.
The report costs $4,500. For more information contact Research and Markets. Web: researchandmarkets.com/research/dxzk4f/adhesives
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