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Curing Adhesives Market to amass remarkable returns over 2019-2025

Author : Rahul Varpe | Published Date : 2019-06-10 

Global Market Insights add New Global Curing Adhesives Market report provides in-depth information about market overview, top vendors, Key market highlights, market drivers, challenges, trends, industry landscape, and forecast analysis, Key leading countries/Region.

Curing Adhesives Market size is projected to witness high growth in the forecast timeframe owing to its ability to be used as bonding substances like wood, glass, metal and fibre. Its application in automobile spare parts, furniture and textile industry is likely to drive the product demand in the projected timeframe.

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Curing adhesives market size from electronics application is likely to witness substantial gains due to its usage in electronic assembly applications owing to its superior dielectric properties and high thermal stability. The electronics and electrical market is anticipated to reach USD 40 Billion by 2024. Growing adoption of wearable electronics and growing use of smart electronic devices is likely to fuel the electronic device market. They possess low moduli of elasticity, resistance to moisture and abrasion which protect the electronic devices. These characteristics may boost curing adhesives market size in the forecast timeframe.

Curing adhesives are used in construction & building segment owing to their features including non-corrosive, waterproof and high durability, which is likely to propel product demand in the estimated timeframe. Curing adhesives exhibit high adhesion on wood, glass, plastics which makes them suitable for usage in construction of streets, bridges and highways, thus driving product demand.

Packaging sector is a major application for curing adhesives market due to its high bonding strength and high durability under adverse environmental conditions which may boost product demand in the forecast timeframe. Growth of quick service restaurants and use of better packaging and case ready packaging practices may further augment the packaging industry, there by driving product demand.

Volatile raw material prices and growing environmental concerns about the use of petrochemical bonding agents are estimated to have stern effect on profitability, thus affecting curing adhesives market price trend. Moreover, ecological and safety problems along with increasing government protocols on the use and disposal of synthetic products may act as another restraining factor for industry growth.

Environmental Protection Agency (EPA) has issued guidelines for the use of clean formulations in furniture surface coating industries along with government regulations like SNAP and REACH, regarding the use of eco-friendly products in the manufacturing process are anticipated to pose challenges for curing adhesives market growth.

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North America led by Canada, Mexico and the U.S. curing adhesives market size, is anticipated to show high gains owing to large number of industry players and increasing infrastructural development. Significant changes in standards of living and rising technological innovations may also bolster regional product demand.

Curing adhesives market share is moderately consolidated with major industry participants including Dow Corning Company, H.B Fuller, Henkel Adhesives, 3M Company and Bostik S.A., Dymax Corporation, Franklin International, Illionois Tool Works and Lord Corporation.  Companies are collaborating with manufacturers and raw material suppliers to strengthen their market presence and striving to cater economical and quality products to consumers.

Read more News @ https://www.marketwatch.com/press-release/silicone-structural-glazing-market-growth-analysis-forecast-report-2019-2025-2019-06-10 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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