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LONDON--(BUSINESS WIRE)--The industrial adhesives market is expected to grow by USD 14.61 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters with a limited impact on the full-year economic growth. Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts Industrial adhesives are increasingly being used in various applications such as mechanical fastening, welding, and other joining methods. This has led to the replacement of mechanical fasteners with industrial adhesives across industries such as construction, consumer durables, electronics, aerospace, packaging, and other heavy industries. The high adoption of industrial adhesives can be attributed to their superior product performance and better operation compared to conventional methods. For example, the use of adhesives eliminates corrosion caused by the joining of dissimilar materials with different galvanic potential. They also eliminate the damage caused to products that occur while using rivets or screws. Many such advantages leading to the replacement of mechanical fasteners with industrial adhesives in various applications. These factors are fueling the growth of the global industrial adhesives market. To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44848 As per Technavio, the rise in the demand for lightweight and low carbon emission vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. Industrial Adhesives Market: Rise in Demand for Lightweight and Low Carbon Emission Vehicles Stringent regulatory norms and concerns regarding fuel efficiency are compelling automobile manufacturers to focus on reducing the overall weight of the vehicles. This is increasing the use of new materials such as composites, aluminum, and lightweight grades of steel. Automakers are also finding new ways for bonding vehicle parts other than welding and mechanical fasteners. This is increasing the use of enhanced adhesives with superior bonding capabilities. These adhesives help in reducing the overall weight of the vehicle as they eliminate the use of nuts, bolts, and other mechanical fasteners. Therefore, the rising demand for light-weight and low carbon emission vehicles is expected to fuel the growth of the global industrial adhesives market during the forecast period. The rising adoption of eco-friendly adhesives and the growing demand from the packaged food and beverage industry will further boost market growth during the forecast period, says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Industrial Adhesives Market: Segmentation Analysis This market research report segments the industrial adhesives market by Technology (Water-based adhesives, Solvent-based adhesives, Hot melt adhesives, and Reactive adhesives), Geography (APAC, North America, Europe, MEA, and South America), and End-user (Building and woodworking, Packaging, Transportation, Pressure-sensitive products, and Others). The APAC region led the industrial adhesives market in 2019, followed by North America, Europe, MEA, and South America respectively. During the forecast period, APAC is expected to register the highest incremental growth due to the increasing investments in infrastructure development in the region. Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Some of the key topics covered in the report include: Market Drivers Market Challenges Market Trends Vendor Landscape About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Industrial Adhesives Market - Post Pandemic Recovery Plan, Strategies and Processes | Industrial Adhesives Replacing Mechanical Fasteners to Boost Market Growth | Technavio