Russia Adhesives Market - Size, Share, Covid-19 Impact & Forecasts Up To 2028
Market Report I 2023-01-23 I 210 Pages I Mordor Intelligence
The Russia Adhesives Market is projected to register a CAGR of 7.02%
Key Highlights
Largest Segment by End User Industry - Packaging : In the Russian adhesives market, packaging is the dominant end-user industry owing to the wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.
Fastest-growing Segment by End User Industry - Packaging : The packaging industry is forecast to be the fastest-growing end-user industrial segment of the Russian adhesives market, owing to the rising demand for paper and paperboard packaging and plastic packaging.
Largest Segment by Technology - Water-borne : Water-borne technology, an environmentally friendly and economically viable solution, holds a major share in the market due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.
Largest Segment by Resin - Acrylic : Acrylic-based adhesives hold a major share in the Russian adhesives market owing to their pressure-sensitive applications in packaging, construction, and healthcare end-user industries.
Russia Adhesives Market Trends
Packaging is the largest segment by End User Industry.
In Russia, polyurethane adhesives, acrylic adhesives, silicone adhesives, and epoxy adhesives are mostly available and are mainly procured across packaging, building and construction, automotive, healthcare, electronics, and other industries. Among all these resin-based adhesives, polyurethane holds the largest share of about 21.8%, followed by silicone, acrylic, and epoxy across the country.
Russia is the eighth largest packaged food products market in the world, with 27.5 million ton of trade volume. The processing of potatoes and vegetables, along with increasing production of beverages (alcoholic and soft), will drive the packaging industry and result in increased demand for adhesives over the coming years. Recent import restrictions by several countries and the Russian government's Import Substitution policy are likely to expand opportunities for the packaging industry and simultaneously influence the adhesives market over the forecast period. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications.
The President of Russia announced his decision to construct 13 new projects, ranging from education and healthcare to infrastructure development. He instructed the government to boost the country's economic growth over the world average by 2025. Such plans are expected to help the country attain sustainable growth and provide stimulus to construction activities during the forecast period. The new floor area, including residential and non-residential construction in the country, is expected to reach 2 billion square footage by 2028. Rising construction activities are expected to drive the demand for adhesives in Russia over the forecast period.
Russia Adhesives Market Competitor Analysis
The Russia Adhesives Market is fragmented, with the top five companies occupying 16.55%. The major players in this market are Arkema Group, Henkel AG & Co. KGaA, MAPEI S.p.A., RusTA LLC and Sika AG (sorted alphabetically).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 End User Trends
4.2 Regulatory Framework
4.3 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION
5.1 End User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building And Construction
5.1.4 Footwear And Leather
5.1.5 Healthcare
5.1.6 Packaging
5.1.7 Woodworking And Joinery
5.1.8 Other End-user Industries
5.2 Technology
5.2.1 Hot Melt
5.2.2 Reactive
5.2.3 Solvent-borne
5.2.4 UV Cured Adhesives
5.2.5 Water-borne
5.3 Resin
5.3.1 Acrylic
5.3.2 Cyanoacrylate
5.3.3 Epoxy
5.3.4 Polyurethane
5.3.5 Silicone
5.3.6 VAE/EVA
5.3.7 Other Resins
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Arkema Group
6.4.2 ASCOTT GROUP
6.4.3 H.B. Fuller Company
6.4.4 Henkel AG & Co. KGaA
6.4.5 Huntsman International LLC
6.4.6 Kiilto
6.4.7 KLEBCHEMIE M. G. Becker GmbH & Co. KG
6.4.8 MAPEI S.p.A.
6.4.9 RusTA LLC
6.4.10 Sika AG
7 KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8 APPENDIX
8.1 Global Adhesives and Sealants Industry Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Drivers, Restraints, and Opportunities
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
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