There can be few markets that are expanding as quickly as that for adhesives. Indeed, a recent report from Research and Markets forecasts that the global industrial adhesives market will grow annually by 5.2% over the next five years, rising from US $41.5 billion in 2016 to US $53.4 billion by 2021.
And while much of this growth is down to the increasing use of adhesives in manufacturing applications that might otherwise have used “traditional” fastening technologies, there are a number of other factors at work.
New chemistries have had a significant impact in recent years, particularly those with green credentials. Moreover, it appears that water-based formulations are the most popular of all types, particularly thanks to their lack of volatile organic compounds. But the fastest growing formulations are the so-called “natural” organic-based adhesives, which have the added ecological credibility of coming from renewable organic resources.
Research and Markets