Turkey Adhesive market research report has been generated with the systematic gathering and assessment of market information for ABC industry which is presented in a form that explains various facts and figures to the business. This report offers exact information about market trends, industrial changes, and consumer behaviour etc. The market data presented in the report helps to recognize different market opportunities present internationally. It is always beneficial for any company, whether it is a small scale or large scale, to choose such market research report for marketing its products or services. Analytical study of this Turkey Adhesive market report guides in formulating growth strategies to augment sales and build brand image in the market.
Turkey adhesive market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.6% in the forecast period of 2021 to 2028 and is expected to reach USD 19,64,109.99 Thousand by 2028. Progressive use of adhesive products across several end-use industrial verticals is expected to drive the market’s growth. The rise in spending on renovation and remodeling in the construction industry in Turkey is acting as a potential market driver for the market.
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Market Overview:
The use of adhesives products is increasing in several sectors, including construction, automotive, and energy production, which contributes to reducing the carbon footprint of a multitude of products and manufacturing processes. In terms of value, the major end-use sectors for adhesive products are building and construction, paper and board, industrial assembly, and transportation. At least half of the adhesive products are used in various industrial applications.
The increase in demand for composite adhesives in Turkey, increasing the sales and profit of the players operating in the market. On the other hand, the increased raw material prices for adhesives may act as a restraint for the Turkey adhesive market.
However, the shifting inclination towards adhesive application as a replacement to the mechanical fastener is creating an opportunity for the Turkey adhesive market. The low shelf-life of adhesives application may act as a challenge for the Turkey adhesive market.
The major players covered in the report are Henkel AG Co. KGaA, 3M, Sika, Mitsubishi Chemical Corporation, AVERY DENNISON CORPORATION., H.B. Fuller Company, Akzo Nobel N.V., Eastman Chemical Company, DuPont, Bostik, Akkim, Ashland, Beardow Adams, BETA Kimya, Frimpeks, Jowat, MAPEI S.p.A., Momentive, Organik Kimya, RTC Chemical, among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Turkey Adhesive Market Scope And Market Size
Turkey adhesive market is segmented on the basis of technology, chemistry, substrate, application, and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the Turkey adhesive market is segmented into the water-based, solvent-based, hot melt, reactive, and others. In 2021, the water-based segment is expected to dominate the market due to the growing demand for eco-friendly products, which increases its requirement in the market and helps to boost its demand in the forecast year.
- On the basis of chemistry, the Turkey adhesive market is segmented into polyvinyl acetate (PVA), EVA, acrylics, styrenic block, epoxy, polyurethane, others. In 2021, the polyvinyl acetate (PVA) segment is expected to dominate the market because they are easily accessible and cost-effective, which helps to boost its demand in the forecast year.
- On the basis of substrate, the Turkey adhesive market is segmented into wood, metal, plastics, composites, others. In 2021, the wood segment is expected to dominate the market because it is widely used across various industrial domains, particularly in the residential construction industry, which helps to boost its demand in the forecast year.
- On the basis of application, the adhesives market is segmented into pressure-sensitive applications (PSA), construction, automotive, packaging, furniture, footwear, others. In 2021, the pressure-sensitive applications (PSA) segment is expected to dominate the market because they offer good initial adhesion properties and high peel strength, which helps to boost its demand in the forecast year.
- On the basis of end-use, the adhesive market is segmented into B2C (consumer products), glue processors, B2B. In 2021, B2C (consumer products) segment is expected to dominate the market due to the growth in household activities and residential construction and renovation activities in the country, which helps to boost its demand in the forecast year.
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Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Turkey Adhesive Market
Chapter 3: Regional analysis of the Global Turkey Adhesive Market industry
Chapter 4: Turkey Adhesive Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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