Adhesives
companies are developing new adhesives to cater to the needs of various
industries. The various types of adhesives being developed are
pressure-sensitive adhesives, pre-cut layered adhesive films and stick-to-skin
adhesives. Pressure-sensitive
adhesives are used in HVAC (heating, ventilation and air conditioning) duct
work, automotive assembly and sound/vibration damping films. Pre-cut layered
adhesive films that address vibration and noise concerns save time in assembly.
Stick-to-skin adhesives are used in monitoring and drug delivery devices.
THE BUSINESS RESEARCH COMPANY EXPECTS THE ADHESIVES GLOBAL
MARKET TO GROW TO NEARLY $81 BIILLION BY 2021
Asia
Pacific was the largest region in the global adhesives market
in 2017, accounting for nearly half of market share.
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According to The
Business Research Company’s Consultant, Nitin Gianchandani, adhesives are being
developed to increase efficiencies of engineers and to increase assembly and
processing speed. Since mechanical fasteners do not allow expansion or
contraction of joined materials during temperature variations, adhesives are
being used to accommodate movements caused by thermal expansion of substrates
even after they are fully cured. Adhesives are being used to join composites
instead of fasteners because drilling holes can damage composites which leads
to loss of time and money.
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sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=200&type=smp
3M was the
largest player in the adhesives market with revenues of $10.3 billion in 2016. 3M
Co.’s growth strategy is to focus on research and development and increase its
presence in emerging markets through acquisitions. For example, it acquired
Polypore’s separations media business to offer a broader array of products to
customers, to help meet customers’ emerging needs for high-value filtration
solutions and to accelerate the global growth of 3M’s membrane business.
Adhesives are
substances applied to one surface or both surfaces of two separate items that
binds them together and resists their separation. The term ‘adhesives’ is used
interchangeably with glue, cement, mucilage, or paste. The adhesives industry
comprises establishments primarily engaged in manufacturing adhesives, glues
and caulking compounds.
Adhesives
Global Market Report 2018 is a detailed report giving a unique insight
into this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
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