Adhesive Manufacturing in Australia - Industry Market Research Report

Adhesive Manufacturing in Australia - Industry Market Research Report

Adhesive Manufacturing in Australia

The Adhesive Manufacturing industry has faced transformations thanks to technological advancements, changing environmental regulations and shifting customer demand. Ongoing weak demand from particular market segments has hurt the industry. Motor vehicle manufacturing in Australia collapsed, reducing demand for structural adhesives and lowering industry revenue. Fluctuating demand from the construction sector has compounded these adverse effects, as has the COVID-19 pandemic and its associated impacts on the Australian economy. Overall, revenue is expected to decline at an annualised 5.6% to $573.4 million over the five years through 2023-24. This trend includes a drop of 3.5% in the current year.

Industry firms primarily manufacture synthetic glues, adhesives (except bituminous adhesives) and other bonding materials made from organic products. Businesses and households use adhesives for several applications, from automotive, engineering and aerospace to bonded communications, footwear and bonded houses. Many downstream industries use industry products as key raw material inputs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market