What is Reactive Specialty Adhesives Market?
Reactive specialty adhesives, which are adhesives used for commercial purposes, are classified into four subtypes, namely, waterborne, solvent-borne, radiation adhesives, and others. Some of the raw materials, on the basis of which reactive specialty adhesives are produced, are melamine-formaldehyde, styrene-butadiene rubber, and polyvinyl alcohol among others. Reactive specialty adhesives have primary application in the automotive industry for glazing, roof lining, sheet molding, and seat unit bonding.
The market study is being classified by Type (Epoxy, Modified Acrylic, Anaerobic, Polyurethane, Cyanoacrylate, Radiation Curable and Other), by Application (Building & Construction, Wind Turbines, Transportation, Healthcare, Electronics, Aerospace, Sports & Leisure and General Manufacturing) and major geographies with country level break-up.
BASF SE (Germany), 3M (United States), ADCO Global (United States), Adhesives Research (United States), American Biltrite (United States), Avery Dennison (United States), Chemence (United States), Dow Chemical (United States), H.B. Fuller (United States) and Huntsman (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Illinois Tool Works (United States), Jowat Adhesives (Germany) and Mapei (Italy).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Reactive Specialty Adhesives market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Reactive Specialty Adhesives market by Type, Application and Region.
On the basis of geography, the market of Reactive Specialty Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing due to widely used as an integral part of a varied range of fabricated products such as healthcare equipment’s, automotive parts, sports, and other
- High demand due to increasing emphasis on fuel efficiency and vehicle emission control
- The increasing demand from the manufacturing of automobile units
- The stringent government regulation on the production of adhesives
- The growing Building & Construction industry across the developing countries
- The prolonged exposure to heat and sunlight may deteriorate the adhesive, or solvents can weaken it and result in the separation of two surfaces
Market Leaders and some development strategies
In September 2019, Lanxess developed a low-free (LF) isocyanate urethane system for sealants, adhesives, and one-component foams. The new system will enhance the manufacturing of reactive adhesives with isocyanate prepolymer technology. New innovations in reactive adhesives will enhance the performance as well as sales of specialty reactive adhesives.
Key Target AudienceManufacturer, Suppliers, Distributors, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
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