[FURL=https://www.industryarc.com/Report/16542/two-part-adhesive-market.html]Two Part Adhesive Market[/FURL] size is forecast to reach $7.2 billion by 2025, after growing at a CAGR of 6.8% during 2020-2025. Increasing the use of two-part adhesives to replace traditional binding and adhering methods such as mechanical screwing, clasping, and welding in the end-use industries will propel the market growth of two-part adhesives. Also, rising adhesive demand in bonding various plastics, composites, and various lightweight materials in the automotive, construction, and aviation industries will drive the market for two-part adhesive industry in the forecast period.Key Takeaways
The two-part adhesives market is rapidly growing due to their properties such as fast curing, easy to process with its creamy consistency, perfect shine after mechanical polishing, high chemical resistance, excellent wear resistance, high bonding power even at high temperatures.
Strict regulatory frameworks in the U.S. and Europe, including VOC levels, emission regulation, and increased fuel quality, will contribute to growth on the market for two-part adhesives.
Two-part adhesives market is growing in the construction sector as two-part adhesives replacing traditional binding and adhering approaches such as mechanical pin, fastening, and welding.
The global COVID-19 pandemic has led to a sudden pause in manufacturing activities worldwide, affecting two part adhesives demand as well as their production & processing. Automotive & transport, consumer products, manufacturing machinery, construction, and electronics are the most significantly affected end-use segments of the two part adhesive industry.
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Two Part Adhesive Market Segment Analysis - Geography
Asia Pacific held the largest share with 52.1% in the two part adhesive market in 2019. The market for two part adhesives in the APAC region is mainly driven by the ongoing developments in the automotive industry. China has led the adhesive market in the last 2–3 years due to increased vehicle production. It is also the worldwide biggest consumer of two-part adhesives. It is projected that other emerging economies like Brazil, India, and Mexico will have a bright future in this market. China and India are considered to be the biggest consumers of two part adhesives in the APAC region.
Two Part Adhesive Market Drivers
Increasing the use of two part adhesives in aerospace applications
Rising demand for low VOC, sustainable and green adhesives
Major players in the two part adhesive market are H.B. Fuller Company, Henkel AG & Company, BASF SE, Dow Chemical Company, Sika AG, Bostik, Master Bond Inc., among others.
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