Market Trends

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Findings from a survey conducted by Umpqua Bank indicate that companies are continuing to adopt artificial intelligence (AI) into their business practices. 

The market's growth is fueled by consumer lifestyle changes, industry demand, and technological advancements, with a strong focus on sustainability.

The National Association of Home Builders (NAHB) predicts that the pace of new home sales will be under pressure in April as mortgage rates moved above 7% in April. 

A new report suggests that pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February, reaching their highest level since April 2022. 

According to recently published market research data, the global market for electronic adhesives will increase at a 5.8% CAGR from 2023 to 2033.

A newly released report estimates that the global specialty adhesives market size was valued at $4.7 billion in 2022 and is anticipated to grow at a CAGR of 4.7% from 2023 to 2032.

The global bio-adhesives market is expected to grow due to the advancement of biotechnology, increasing environmental regulations, and the growth of the packaging industry.

A new report on the market for automotive adhesive tapes estimates the market will reach $13,779 million by 2031.

According to a report by Straits Research, the global construction adhesives market is expected to grow to $17.88 billion in 2031 due to investments in infrastructure and rising demand from the residential sector. 

According to a report by Research Nester, the global cellular rubber market is expected to grow from $8.4 billion in 2022 to $18 billion by 2035. The growth is due to the forecasted rise in the automotive, rubber, electronic, and space industries.