Thermoset adhesives are basically thermosetting polymers, or plastics, that are utilized as adhesives. They're supplied in an uncured state consisting of unlinked monomers. Thermoset adhesives hold very high strength, excellent gap filling ability, and also resistance to moisture & heat. Examples include epoxy and polyester resins. A thermoplastic adhesive becomes deformable or flexible at relatively high temperatures and melts when it is heated. It hardens into a vitreous transition state when it cools sufficiently (gluing). These adhesives are further called styrene copolymer or rubber-based adhesives.
MARKET DYNAMICS
The thermoset adhesives market has witnessed significant growth owing to factors such as wider application in industries such as automotive & transportation, construction, packaging, electronics, metal-working, and others. Replacement of traditional fasteners with adhesives plus growth in key end-use applications is prime factors driving the thermoset adhesives market. Emerging trends that have a direct impact mainly on the dynamics of the thermoset adhesives market include the emergence of adhesives with bio-based thermoset resins and an increase in the application of two-part polyurethane adhesives. Demand for thermoset adhesives is also majorly driven by technological advancements as well as infrastructure growth in the Asia Pacific. However, environmental concerns may pose major challenges to the thermoset adhesives market growth, as these adhesives cannot be re-processed & recycled. These adhesives also do not decompose naturally. Nevertheless, with the steady growth in the chemical processing industry and construction sector, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Thermoset Adhesives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermoset adhesives market with detailed market segmentation by resin type, end use industry, and geography. The global thermoset adhesives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoset adhesives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thermoset adhesives market is segmented on the basis of resin type, and end use industry. On the basis of resin type, the thermoset adhesives market is segmented into phenolic formaldehyde, phenolic neoprene, resorcinol formaldehydes, polyester, polyimides, and epoxy. The thermoset adhesives market on the basis of the end use industry is classified into automotive & transportation, construction, packaging, electronics, metal-working, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoset adhesives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoset adhesives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the thermoset adhesives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermoset adhesives market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global thermoset adhesives market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thermoset adhesives market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoset adhesives in the global market. Below mentioned is the list of few companies engaged in the thermoset adhesives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoset adhesives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B. Fuller
- BASF SE
- Bayer AG
- Dow Chemicals
- Ellsworth Adhesives
- Henkel Adhesives
- Huntsman
- LORD Corporation
- Master Bond Inc.
- RELTEK
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.