Global Competitive Analysis
The market has ushered in a new period
of growth as the market is constantly in a state of mutability. The ripple
effects of this growth have altered the competitive landscape of the market.
Localization is among of the more favored trends for expanding the market share
of the competitors in the market. The potential strategy of each player in the
market involves a certain degree of innovation in the product offerings to
increase the possibilities for development, particularly in the forecast
period. The chances for increasing revenue inflow in the business are expected
to multiply through the forecast period. The intensifying interest in
diversification within the business has indirectly allowed the businesses to
utilize several situations obtainable in the market.
The noteworthy competitors in the
butyl adhesive market comprise of ADCO Global, Bostik SA, Vinati Organics
Ltd., Royal General Sealants, Adhesives & Sealants, Anabond, and others.
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Butyl Adhesive Market – Overview
Though butyl adhesives are particularly
new technology, the demand for the market has demonstrated a significant pace
of traction over the years. Market focused reports linked to the chemicals
& materials industry among others of late have been made accessible by
Market Research Future which issues reports on this industry. The market is
anticipated to grow with an unmatched CAGR percent in the duration of the
forecast period.
Growing butyl rubber in
adhesive uses is one of the key causes of the copolymer’s progress.
Furthermore, the emergent transportation sector and investments in construction
are anticipated to grow its demand over the period of the next seven years
and open up new prospects. Rising demand from packaging and paper
industry for products such as cartons, tapes, bags, etc. have given way to
the unparalleled growth of the industry while opening up new avenues for
expansion. The superior properties of butyl adhesives such as exceptional
resistance to high durability, weather and sunlight, resistance to aging and
heat have made it suitable for end use in a number of industries.
Industry Segments
The butyl
adhesive market is segmented on the basis of end use industry
and region. The end use industry has segmented the market into paper &
packaging, woodworking, building & construction, automotive, and others. As
butyl adhesives are resistant to air and water and highly resistant to alkali
and UV rays, thus extensively used in the end use industries. By region, the
market segmentation includes Europe, Latin America, North America, Asia Pacific
and Middle East & Africa.
Detailed Regional Analysis
The regions such as Asia Pacific,
Europe, Latin America, North America, and the Middle East & Africa are a
part of the Butyl Adhesive Market globally. The Asia Pacific region is
projected to develop at an incremental CAGR in the forecast period owing to
mounting demand from end use industries such as woodworking, building &
construction and automotive. The demand for Butyl Adhesive is expected to surge
in emerging countries such as China, India, Vietnam, Bangladesh and Japan owing
to increasing construction activities and development of woodworking industry.
China is anticipated to be a major market in terms of consumption. Moreover,
cheap labor charge, ease of accessibility to raw material, and growing
development strategies to achieve the demand for butyl adhesives due to the
developing applications which are the vital factors for regional market growth.
The Middle East & Africa region is projected to observe considerable growth
in the forthcoming years. This factor is credited to the rising development
activities in the commercial and residential sector together with the growing
demand for VOC free adhesives, especially in countries such as United Arab
Emirates (UAE) and Saudi Arabia.
The North American market is likely to
observe stable development in the use of butyl adhesive over the forecast
period. The U.S. is foreseen to be the biggest butyl adhesive market in the
region followed by Mexico and Canada. The Latin American countries like
Argentina and Brazil, are also expected to observe stable growth owing to
modest demand from packaging and woodworking industries. The European region is
foreseen to be the second biggest market after the Asia Pacific region in the
consumption of Butyl Adhesive. The European nations such as UK, France,
Germany, and Italy are contributing to the regional market development owing to
the occurrence of a large number of manufacturing companies in the region.
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