At Match Point Strategies, we often consult as part of a network of subject matter experts, supporting companies and investment firms seeking market growth. Lately, we’ve received a growing number of inquiries from investors seeking advice in the coatings, adhesives, sealants, and elastomers (CASE) market segment. But why the interest in something as ubiquitous as adhesives? Aren’t adhesives just “the glue”?
Well, that would be a huge technical understatement. Adhesive use can be found in almost every advanced materials industry, from automotive to aerospace. The global adhesive market is projected to be worth $55.8 billion by 2025, up from $34.3 billion in 2016, according to a new report from Transparency Market Research. Investors are exploring segments where projected growth may be realized, developing robust roadmaps to lead to the highest commercial success rates.
Particularly In the aerospace industry, the demand for high-performance, structural adhesives is surging at a rapid pace. This is due to many qualities adhesives possess, including resistance to high temperatures, high tensile strength, superior water resistance, weight reduction attributes, and fuel efficiency benefits. Moreover, they contribute to light-weighting of components used in aircrafts by eliminating the need for mechanical fastening. Other end-user industry segments such as the medical, construction, and automotive markets are projected to witness similar growth.
Other trends in the adhesive market segment include the use of reclaimed waste materials and the development of new composites and polymers for new applications. This means that more adhesive companies must keep up with new material trends to ensure that they have compatible products. In addition to lightweighting, adhesives are becoming a more critical component to parts engineering, particularly with bonding and dissimilar materials when interfacial complexities are at play.
Looking ahead, the development of bio-based, environmentally-friendly adhesives with low emissions will remain an increasingly popular trend among competitors. This is where we foresee strong investments in product innovation from major players such as 3M, Henkel, and Bostik/ Arkema. Additionally, a growing number of scholarly papers investigating the use of lignin, an abundantly available biomass source, as a raw material source point to futuristic and sustainable opportunities in adhesive development.
So, is the interest in adhesives genuine? Here at Match Point Strategies, we think that there are too many indicators point to the contrary. Hopefully, our marketing insight will stick with you! At Match Point Strategies, we keep tabs on market innovations to better understand the industries in which our clients operate. Learn more about Match Point Strategies and our services here.
