Adhesive Resin Market Size, Share, Opportunities, And Trends By Technology (Water-Based, Solvent-Based, Hot-Melt, Others), By End-User Industry (Packaging, Construction, Transportation, Consumer Electronics, Leather, Automotive, Others), And By Geography - Forecasts From 2022 To 2027

The adhesive resin market is anticipated to expand at a CAGR of 6.49% over the course of the forecast period, from US$13.587 billion in 2020 to a total market value of US$21.095 billion by 2027.

Adhesives aid in joining two surfaces together by having the capacity to bind a variety of materials and offering higher binding strength by more effectively distributing stress over the joint. By enhancing the retention power of composites and compomers, adhesive resins can also be employed to stop bacterial microleakage. In order to increase tensile strength and maximize structural integrity, adhesive resins combine a variety of applications and objects as an adhesive layer. When compared to mechanical fastening, sewing, and thermal bonding, adhesive resin helps to bind a variety of materials and is more aesthetically acceptable. The market is expanding as a result of rising demand from several sectors, including the automotive, packaging, transportation, and construction industries.

Environmental issues and laws are the main factors limiting the market for adhesive resin. However, solvent-free adhesives and bio-based eco-friendly adhesives are assisting in reducing the adverse effects of adhesive resin on the environment.

Increasing Demand in End-User industries and advancing technology to drive market growth

The global market is anticipated to be driven by a surge in demand for automotive, packaging, industrial, and other applications. The market is expanding as a result of the rising demand for adhesive resins in transportation and consumer applications. The assembly of aircraft and automobile bodywork uses specially developed adhesive resins. The expansion of activity in the construction and building industry is also having a favorable impact on market growth as a result of infrastructure development. Additionally, the market is likely to expand as a result of the growing demand for synthetic and green adhesive resins. The market for bio-based adhesives is projected to increase as people's awareness of environmentally friendly products rises. Leading businesses are conducting research and development to create bio-based adhesive resins. This will help the end-user industries reduce their environmental impact. Adhesive primary resins offer a number of advantageous properties, including wettability, adhesion power, thermal property, chemical resistance, and environmental resistance. Adhesive Resin can also be used more widely in specialized industries like food processing and manufacturing thanks to growing developments in curing technologies.

Key Developments:

• June 2022: A new series of environmentally friendly liquid polybutadienes have been introduced by Evonik's Coating & Adhesive Resins business line under the name POLYVEST® eCO. It has been demonstrated that using sustainably produced butadiene in the production of this cutting-edge product line can eliminate the use of fossil raw materials by up to 99.9%. Evonik responds to the demands of a market that is becoming more environmentally conscious with the POLYVEST® eCO line. The physicochemical characteristics of the POLYVEST® eCO products are the same as those of the fossil-based products. In the construction, electronics, and automotive industries, POLYVEST® eCO is utilized as a raw ingredient for adhesives and sealants. Additionally, it can be utilized in the manufacture of tires as a rubber additive.
• Feb 2022: Westlake Chemical Corporation stated that it had successfully acquired the global epoxy business of Hexion Inc. for $1.2 billion in an all-cash deal. An industry leader in the production and development of speciality resins, coatings, and composites for a variety of industries, including high-growth and sustainability-oriented end-uses like wind turbine blades and light-weight automotive structural components, the epoxy business, which will be branded as Westlake Epoxy, is headquartered in Rotterdam, The Netherlands. Epoxy resin is a type of prepolymer and a polymer distinguished by the presence of epoxy groups with potent adhesive properties. Epoxies are important components of eco-friendly goods because they help make lightweight structural parts for cars and renewable energy sources, especially the composite blades used in wind turbines. The industries Westlake Epoxy serves are very appealing, and the company is anticipated to work well with Westlake's current operations.

Product Offerings:

• ForalynTM 110: The pentaerythritol ester of hydrogenated rosin is marketed under the trade name ForalynTM 110. This resin combines the benefits of outstanding long-term adhesive property retention and UV light stability provided by StaybeliteTM and ForalTM esters of hydrogenated rosin with the feature of light initial color and good color retention. Applications include adhesives and sealants for B&C, bookbinding, caps, and lids without food contact, carpet installation, box and carton closures, commercial printing inks, film modification, hygiene adhesives, packaging tape, polymer modification, protective coatings, road markings, roofing components, solder flux, solvent-borne packaging adhesives, speciality tape, and wires and cables.
• Pyralux® GPL sheet adhesive: A component of the flexible printed circuit entire solution with low loss features created for high speed & high-frequency applications in consumer electronics is DuPontTM Pyralux® GPL epoxy-based adhesive resin. Pyralux® GPL adhesive has been proven in low-layer counts FPC manufacture and is suited for high-volume processing thanks to its good processability and high heat resistivity. Excellent low-loss performance, a drop-in solution with a lamination temperature close to that of traditional epoxy adhesive, a large processing window for solder float, and hot bar performance are just a few of the product's key features and advantages.

Segmentation

• By Technology
  • Water-Based
  • Solvent-Based
  • Hot-Melt
  • Others
• By End-User Industry
  • Packing
  • Construction
  • Transportation
  • Consumer Electronics
  • Leather
  • Automotive
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others