Adhesive Resins Market Expected to Reach $31 Billion
Fact.MR has released a new adhesive resins market report, titled Adhesive Resins Market Analysis By Type (Epoxy, Polyurethane, Synthetics Rubber, Polyacrylics Ester (PAE), Others), By Application (Building & Construction, Paper & Packaging, Transportation, Leather & Footwear, Consumer/DIY, Others), And Region – Global Market Insights 2023 to 2033. According to the report, the global adhesive resins market is forecasted to reach a valuation of $31 billion by 2033, expanding at a CAGR of 5.1% from 2023 to 2033. Growth opportunities in the global industry are attributed to increasing demand for adhesive resins from automotive, industrial, packaging, construction, and other end-use industries.
Reportedly, there has been a significant increase in the demand for adhesive resins across consumer applications and transportation, which is further bolstering growth opportunities in the global market. Some specially-engineered adhesives are manufactured for the purpose of assembling automotive and aircraft parts. Furthermore, due to infrastructural developments owing to rising activities in the building and construction industry, the demand for these adhesive products is also increasing.