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Powder adhesives are adhesives in dry powdered form. Many manufacturers provide wide range of powdered adhesives for different applications. Powdered adhesives can also be manufactured by custom formulations for specific applications. The superior properties of powdered adhesives lightweight and flexibility while mixing over other adhesives is making it popular in the industrial sectors.
The increasing demand from various sectors like automobile and construction for powdered adhesives with customized formulations and superior properties is likely to create positive impact. Additionally, the dry powdered form of the adhesives allows minimum wastage of the product while mixing and also is less likely to be left over after use. This is anticipated to drive the market.
However, growth of the powder adhesives market is expected to limit due to its breakdown on UV Exposure. Continuous UV exposure breakdown of molecules further causing scraping of the adhesive coating.
Key Market Driver -
Increasing demand from construction and automotive industries.
Key Market Restraint -
Breakdown due to UV Exposure
Based on type, the market is segmented into soluble powder adhesive, hot melt powder adhesive, and others. Based on application, the market is segmented into stones, wall tiles, ceramics, floor, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global powder adhesives market consists of global & regional players operating. Some of the key players in the market include Henkel, Dow Chemical, Reliable Corporation, International Coatings, Wacker-Chemie, ATDM Co.Ltd, Cytec Solvay, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the largest market due to the growing demand from paints& coatings sector. Additionally, the rising construction industry in China and India is likely to boost the regional market. North America is expected to show significant growth due to the presence of the large end-use industries based in U.S. The rapid industrialization in the European countries like Germany, France and Italy are the prime factors raising the demand for adhesives from various end-use sectors. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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