Saturated Polyester Based Adhesives Market Size to Boost US$242.3 Million By 2027 | CAGR 6.4% – IndustryARC

September 19 16:42 2022
Saturated Polyester Based Adhesives Market Size to Boost US$242.3 Million By 2027 | CAGR 6.4% - IndustryARC
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Increase in Automobile Production is Expected to Increase the Demand for Saturated Polyester-Based Adhesives, Leading to the Growth of Saturated Polyester Based Adhesives Market.

The Global Saturated Polyester Based Adhesives Market size is forecasted to reach US$ 242.3 million by 2027, after growing at a CAGR of 6.4% during the forecast period 2022-2027. An increase in demand for saturated polyester-based adhesives from the automotive and textile industries acts as the major driver for the market. On the other hand, the availability of substitutes may confine the growth of the market. The Saturated Polyester Based Adhesives Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape :

The top 5 players in the Saturated Polyester Based Adhesives industry are –

1. 3M

2. American Chemical, Inc.

3. Henkel AG & Co KGaA

4. Adhesive Technologies, Inc.

5. Bostik, Inc.

 

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Segmental Analysis :

1. The film adhesives held a significant share in the Global Saturated Polyester Based Adhesives Market in 2021, owing to its increasing demand due to the characteristics and benefits it offers over other types of adhesive forms.

2. The packaging industry held the largest share in the Global Saturated Polyester Based Adhesives Market in 2021 and is expected to grow at a CAGR of 6.6% between 2022 and 2027, owing to its increasing demand from the packaging industry.

3. Increase in demand for packaging is expected to increase the demand for saturated polyester-based adhesives composed of liquid saturated polyester resin as it is primarily used for bonding films & sheets used for packaging.

4. Asia-Pacific held the largest share in the Global Saturated Polyester Based Adhesives Market in 2021 up to 30%. The consumption of saturated polyester-based adhesives is particularly high in this region due to its increasing demand from the packaging sector.

 

Report Coverage

Report Attributes

Details

By Form

Paste, Liquid, Tape, Film, Powder/Granules

By Application

Glass Fiber Laminates, Optical Products, Furniture, Concrete Flooring, Automobile Body, Films & Sheets, Fibers

By End-Use Industry

Building & Construction, Automotive, Packaging, Textile, Aerospace, Electronics

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

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Market Drivers and Challenges :

1. Saturated polyester-based adhesives are commonly used for bonding various components of the automobile assembly which include joining seats, spoilers, bumpers, dashboards, headlights, and other similar components.

2. Saturated polyester-based adhesives are commonly used in the textile industry for bonding fabrics, owing to their properties such as excellent peel strength, moisture resistance, enhanced sound insulation along with good thermal and tensile properties.

3. Increase in textile operations across the world is expected to increase the demand for saturated polyester-based adhesives composed of liquid saturated polyester resin for bonding textile fabrics, owing to its above-mentioned properties.

4. One of the major limiting factors for the saturated polyester adhesives market is the availability of other substitutes such as epoxy adhesives. Moreover, epoxy adhesives offer higher bonding abilities in comparison to polyester adhesives.

 

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Similar Reports :

A. Automotive Adhesives Market

https://www.industryarc.com/Report/16548/automotive-adhesives-market.html

B. Adhesives and Sealants Market

https://www.industryarc.com/Report/11673/adhesives-sealants-market.html

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