Global Back Glue Market Size, Share, and COVID-19 Impact Analysis, By Type (1 Component Paste BG, 1 Component Liquid BG, and 2 Component BG), By Application (Industrial, Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Industry: Chemicals & MaterialsGlobal Back Glue Market Insights Forecasts to 2033
- The Global Back Glue Market Size was Valued at a Significant Share in 2023
- The Market Size is Growing at a CAGR of 3.17% from 2023 to 2033
- The Worldwide Back Glue Size is Expected to Reach a Significant Share by 2033
- Asia-Pacific is expected to Grow the fastest during the forecast period.
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The Global Back Glue Market Size is Anticipated to Exceed Significant Share by 2033, Growing at a CAGR of 3.17% from 2023 to 2033. The cumulative demand for back glue from several tenders, such as project and retail applications across the world is ascribing the growth of the back glue market.
Market Overview:
Back glue is a type of adhesive that could be utilized in a variety of applications, including bookbinding and phone back panels, among others. The development of advanced technology has led to the production of high-performance back glue adhesive is anticipated to drive the growth of the back glue market. The worldwide back glue market is expanding rapidly due to increased demand from end-use sectors such as automobiles, buildings, and packaging. The increasing acceptance of 3D printing is also driving the worldwide back glue market, as this technique requires adhesives to attach and assemble diverse elements.
The growing investment in research and development to develop new and advanced products is projected to drive market growth over the forecast period. The efficient and rigid quality back glue is created from high-quality materials such as silicone, polysiloxane, filler, crosslinker, tackifier, and several more, which can contribute to the expansion of the back-glue market.
Opportunity: Changing tendencies toward sustainability
The adhesive manufacturers are concentrating on product innovation, decreasing the environmental effect of manufacturing processes, and increasing the sustainable performance of products through formulations.
Report Coverage:
This research report categorizes the market for the global back glue market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global back glue market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global back glue market.
Back Glue Market Report Coverage
Report Coverage | Details |
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Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 3.17% |
Historical Data for: | 2019-2022 |
No. of Pages: | 265 |
Tables, Charts & Figures: | 120 |
Segments covered: | By Type, By Application, and By Region |
Companies covered:: | Saint Gobain Weber, Bostik, Oriental Yuhong, Sika, Yuchuan, Wasper, EasyPlas, Vibon, Doborn, Kaben, MAPEI, Henkel, BASF, DAVCO, Laticrete, Nippon Paint, Tammy, Lou Bang, Chen Guang, Intertronics, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors:
Automotive companies are increasingly focused on lightweight vehicles to enhance fuel efficiency and minimize pollution. This is driving up the demand for back glue in the car sector. The back-glue producers are extensively spending on research and development to provide new and innovative solutions that can fulfill consumers' ever-changing needs. This is contributing to the expansion of the worldwide back adhesive market.
Restraining Factors:
The back-glue adhesive has significantly contributed to the increased carbon emission which will hamper the market growth.
Market Segmentation:
The global back glue market share is classified into type and application.
- The 1 component liquid BG is expected to drive the growth of the market during the forecast period.
Based on the type, the global back glue market is categorized into 1 component paste BG, 1 component liquid BG, and 2 component BG. Among these, the 1-component liquid BG is expected to drive the growth of the market during the forecast period. The 1 component liquid BG provides both great performance and convenience of usage. The 1-component liquid BG has adhesion properties on practically all surfaces, including fabrics, plastics, and polymers, as well as metals and aluminum. Thus, the benefits of single-component liquid BG are likely to promote market expansion.
- The retail segment is the largest share of the market over the forecast period.
Based on the application, the global back glue market is categorized into industrial, retail, and others. Among these, the retail segment is the largest share of the market over the forecast period. The rising demand for back adhesives from end users such as construction and automotive, as well as product portfolio enhancements by market players to acquire a competitive advantage over their rivals, are projected to fuel the market's worldwide expansion.
Regional Segment Analysis of the Global Back Glue Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is projected to hold the largest share of the global back glue market over the forecast period.
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North America is projected to hold the largest share of the global back glue market over the forecast period. The North American region is likely to dominate the black glue market during the forecast period. The market is expected to increase significantly due to the widespread use of innovative technologies and the presence of major companies in this region. Strategic initiatives done by market participants in the region to improve product portfolios and increase worldwide reach are projected to drive market growth over the forecast period.
Asia-Pacific region is expected to fastest CAGR growth during the forecast period. The growing research and development facilities and increased industrialization have significantly contributed to the growth of the region. The rising automotive sector is the key factor that can drive the market during the forecast period.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global back glue market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies:
- Saint Gobain Weber
- Bostik
- Oriental Yuhong
- Sika
- Yuchuan
- Wasper
- EasyPlas
- Vibon
- Doborn
- Kaben
- MAPEI
- Henkel
- BASF
- DAVCO
- Laticrete
- Nippon Paint
- Tammy
- Lou Bang
- Chen Guang
- Intertronics
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global back glue market based on the below-mentioned segments:
Global Back Glue Market, By Type
- 1 Component Paste BG
- 1 Component Liquid BG
- 2 Component BG
Global Back Glue Market, By Application
- Industrial
- Retail
- Others
Global Back Glue Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the global back glue market over the forecast period?The global back glue market size is expected to grow from a Significant Share in 2023 to a Significant Share by 2033, at a CAGR of 3.17% during the forecast period 2023-2033.
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2. Which region is expected to hold the highest share in the global back glue market?North America is projected to hold the largest share of the global back glue market over the forecast period.
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3. Who are the top key players in the back-glue market?Saint Gobain Weber, Bostik, Oriental Yuhong, Sika, Yuchuan, Wasper, EasyPlas, Vibon, Doborn, Kaben, MAPEI, Henkel, BASF, DAVCO, Laticrete, Nippon Paint, Tammy, Lou Bang, Chen Guang, Intertronics, and Others.
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