One of the findings of Smithers Pira’s study The Future of Thermoplastic Elastomers to 2022 is that the global TPE market will grow strongly across the next five years. The study shows how this sector has expanded at a compound annual growth rate (CAGR) of 5.4% for since 2012 to reach 4.24 million t in 2017. This growth will continue at a rate of 5.5% across the next five years to hit 5.53 million tonnes in 2022. The study sub-divides this market by TPE type, end-use application and geographic region.

Adhesives have become a key word for various industrial applications. Growth in end-use industries such as construction, automotive, electronics, and packaging are driving the demand for industrial adhesives market.

Adhesives are substances used to bind two or more surfaces or components together. Specialty adhesives possess specific features that render them useful for specific high-value applications across a multitude of industries.

Before modern adhesive technologists came up with advanced adhesives, engineers chose one of two methods: mechanical or thermal fastening. Today’s market demands, advanced materials and complex manufacturing requirements demand much more from manufacturers however.The adhesive industry has responded with innovative and highly effective methods to meet these increasing demands and complexities, while addressing some of the inadequacies of traditional fastening methods.

Packaging adhesives market has been the fastest growing market in the last ten years and is expected to account for the highest share of market.

The North America Hot Melt Adhesives Market is projected to reach USD 2.2 billion at a CAGR of 5.83% during the forecast period from 2017 to 2020.

The German Adhesive Association IVK has published current price trends in key adhesive raw materials. There are several reasons why tonnages imported to European markets are currently down.

Ever-evolving features in packaging not only reflect the brand name but also differentiate product packaging from competitors. These packaging and labels comprise right information about the product. In addition, they also include anti-counterfeiting properties accompanied with tracing & tracking technologies, which helps the vendor to keep a track of incoming ingredients, internal processing and packaging, and outgoing shipments to traders. Linerless labels are hassle less, free of waste and are available in a variety of adhesives, which fits the exact need of the application.

Footwear adhesives present a more conventional solution for sticking soles and other parts of footwear over traditional methods, such as stitching and pinning. The up-heave in demand for high fashioned footwear is anticipated to have a major influence on the overall footwear adhesives market throughout the forecast period.

According to the latest market study released by Technavio, the global petroleum resins market is projected to grow to USD 2,450.2 million by 2021, at a CAGR of more than 7% over the forecast period.

Bitumen, one of the oldest engineering materials known to the mankind, has been used for over a thousand years in ways such as pavement binder sealant, adhesive, and waterproofing agent.

Increasing need for weight reduction in end-user products offering high bonding solutions is expected to be a key determinant for industry growth over the next eight years.