Industry Analysis & Industry Trends
Since the development of the first artificial glue in 1909, the Glue and Adhesives Manufacturing industry has undergone rapid growth. Over the past two decades, reliance on glues and adhesives as a key technological tool has increased. On a global scale, there are about 250,000 adhesive specialised formulas and 30,000 different types of adhesive. In the past few years, there has been a move away from traditional joining processes like welding or riveting in favour of structural adhesive bonding, to the benefit of the industry. At the same time, there has been the growing use of various adhesive solutions in relatively new application fields such as medicine and bonded communications and in the use of emerging green technologies... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
While innovation has been a constant theme of the industry, in more recent years, it has tended to revolve around modifications and advancements to existing products as opposed to the development of brand new products. This is more in line with industries within the mature stage of their life cycle, as opposed to the innovative developments associated with the growth stage.
Many of the markets served by the UK Glue and Adhesive Manufacturing industry also tend to be mature (such as woodworking, paper binding, packaging and construction), which can restrain growth.
The consolidation process that has occurred within the industry (on both the domestic and global stages) is also a characteristic of an industry within the mature stage of its life cycle... purchase to read more