The competition in the global adhesive market is intensifying, according to Transparency Market Research (TMR).
In a bid to establish their stronghold, leading adhesives manufacturers, are engaging in technological advancements and focusing on product innovations. According to TMR, the global adhesive market stood at $34.3 billion in 2016 and is projected to touch a valuation of $55.8 billion by the end of 2025. The global market is forecast to rise at 5.62% annually during the period 2017-2025.
TMR further notes that in the coming years, a growing number of companies are likely to engage in geographic consolidation strategies to strengthen their positions and gain competitive advantage over others. On the regional landscape, Asia Pacific held the major share at present and is expected to retain its lead in the global adhesive market in the next few years as well. The growth of this regional market is driven by abundant untapped avenues coming from the emerging economies.
In the healthcare sector, adhesive innovations have made substantial improvement in sensitive areas.
LED curing adhesive for flexible medical devices
Henkel is set to feature a wide range of adhesive innovations for healthcare applications at Compamed fair in Düsseldorf (November 12-15, 2018). The comprehensive portfolio of adhesive materials for applications in healthcare include new LED curing adhesives for flexible medical devices, a range of advanced pressure sensitive adhesives for plasters and functional patches as well as conductive inks for smart health devices.
This story is from the October 2018 edition of International Plastics News for Asia.
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This story is from the October 2018 edition of International Plastics News for Asia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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