Reactive Specialty Adhesives Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global reactive specialty adhesives market size is expected to witness considerable growth in the next few years, and witness significant CAGR over the forecast period (2019 - 2027).

Market Overview

Reactive specialty adhesives, which are adhesives used for commercial purposes, are classified into four sub types, namely water borne, 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 units bonding.

Market Dynamics

Reactive specialty adhesives are majorly used for fastening a variety of materials in the automotive industry, such as steel and aluminum. The most frequently used reactive adhesives are polyurethanes and modified acrylics in assembling vehicles. Among other applications, reactive specialty adhesives can be used for adhesion of gear knobs, insignias, and anchor plates. Compared to conventional bonding techniques, adhesion leads to significant weight reduction of a vehicle, enhances safety and crash performance, escalates body stiffness, and strengthens noise, vibration, and harshness (NVH) characteristics of a vehicle. As a result of these advantages, manufacturers are investing in research and development activities in order to introduce more cost effective and performance improving innovations. Such factors are expected to drive growth of the global reactive specialty market in the near future.

Additionally, as a result of a wide application in the winds turbines industries, the global reactive specialty segment is expected to witness significant growth over the forecast period. Key benefits of specialty adhesives in the manufacture of wind turbines is corrosion protection, reduced assembling time, and decreased weight. However, prolonged exposure to heat and sunlight may deteriorate the adhesive, or solvents can weaken it and result into separation of two surfaces. Such factors can hamper demand for specialty adhesives in the coming years.

Market Outlook

The Asia Pacific region is leading the demand for reactive specialty adhesives, and is expected to remain dominant during the forecast period. Countries such as China and India are generating the highest market share owing to a large consumer base and high number of export activities. Increasing gross domestic product and disposable income in emerging economies has resulted in growth of end user industries in the Asia Pacific region. Europe is estimated to emerge as the second largest market for reactive specialty adhesives, however the trend may be overshadowed by increasing demand from markets in the Middle East and Asia Pacific. Furthermore, regulations implemented by environmental agencies in Europe and North America are likely to hinder market growth in these regions. Key players are focusing on expanding their footprint to untapped markets, which is expected to result in higher growth opportunities in regions such as Africa and South America.

Key Players

Some of the prominent companies active in the global reactive specialty market include Henkel AG & Company, Bayer MaterialScience, The Dow Chemical Company, and 3M among others.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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