Industry Analysis & Industry Trends
Synthetic glues are well-established products and generate the majority of industry revenue. There is now an enormous range of specialised adhesive formulas. Over the years, many manufacturers have moved away from traditional joining processes such as welding or riveting towards structural adhesive bonding, which has supported industry growth. Industry adhesive solutions are also being used more often in relatively new fields such as medicine and in other advanced technologies. The industry was hit hard by persistently weak economic conditions just prior to the five-year period through 2016-17. The past five years have therefore been a period of recovery, as industry revenue has picked up on the back of a strengthening domestic economy over much of the period... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, the barriers to entry in the industry are low, reflecting the large number of products, which are customised for the end user and allow for considerable specialisation in the industry. However, several participants operate dedicated production lines for different types of adhesives. Moreover, many of these end customers rely on several adhesive suppliers (i.e. dual or multiple sourcing) as opposed to just a single supplier, and there is some degree of supply side substitutability. The widespread existence of imports as an alternative product source as reflected in considerable trade flows between EU member states also suggest that barriers to entry are low.
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