According to the recent research report titled ‘Global Adhesives Market (2022 Edition): Analysis By Product, Technology, Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global adhesives market accounted for 45.32 billion in 2021 and is predicted to register robust growth through 2027.

The major factors driving the global adhesives market growth are a rise in web applications, ever-increasing internet technologies, and growing product demand from paper, board, and packaging material applications.

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The other factors supporting the adhesive packaging industry are its extensive adoption in cosmetics, consumer products, stationery, food & beverage, and other end-use sectors. Rapid expansion of online shopping and packaging sector are also stimulating the overall industry outlook.

Changes in material consumption behavior, especially with high demand for more durable materials over aluminum, copper, and paper is boosting global adhesives industry growth from packaging applications.

The widespread outbreak of COVID-19 and subsequent lockdowns resulted in a severe drop in global adhesives sales from construction and industrial operations. Temporary shutdown of the automotive and many other end-user industries had negatively impacted the overall market dynamics.

The global adhesives industry is segmented on the basis of product category, technology type, application landscape, and regional analysis.

The product landscape of global adhesives market consists of acrylic, polyurethanes, polyvinyl alcohol (PVA), styrenic block, and others. In terms of technology type, the market is split into solvent-based, reactive, water-based, hot melt, and others.

On the basis of the application type, the market is differentiated into board, paper, & related products, product assembly, building & construction, woodworking & joinery, and others.

The regional landscape of the global adhesives marketplace spans Europe, Asia Pacific, the Middle East & Africa, Latin America, and North America. In 2021, Asia Pacific accounted for the largest market share and is expected to have steady growth through forecast timeline.

The leading companies defining the competitive landscape of global adhesives industry are Huntsman Corporation, DuPont, Illinois Tool Works Inc., Dow Chemical Company, Avery Dennison, Arkema S.A, 3M Co., H.B. Fuller, Sika AG, and Henkel AG & Co.

This research report offers a detailed analysis of the various companies operating in this business sphere, highlighting the major development trends, innovative product launches, and strategic collaborations.