Market Forecast By Type (Polyurethane, Epoxy, Acrylic, Polyether, Others), By Application (Packaging, Automotive, Electronics, Building & Construction, Footwear, Furniture, Others) And Competitive Landscape
Product Code: ETC235292 | Publication Date: Sep 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Bangladesh Polymer Adhesives Market |
Forecast period | 2025-2031 |
CAGR | 5.7% |
Growing Sector | Packaging |
Bangladesh Polymer Adhesives Market report thoroughly covers the market By Type and By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Polymer Adhesives market has experienced steady growth in recent years, driven by its extensive applications across various industries. Polymer Adhesives are lightweight, durable, and offer excellent resistance to chemicals, making them highly suitable for use in geotextiles, automotive components, hygiene products, and construction materials. These polymer adhesives are primarily derived from polypropylene and polyethylene and are valued for their cost-effectiveness and versatility.
According to 6Wresearch, the Bangladesh Polymer Adhesives Market is anticipated to grow at a CAGR of 5.7% during the forecast period 2025-2031. The demand for nonwoven polypropylene polymer adhesives is driven by several key factors. The growth in construction and infrastructure projects has significantly increased the need for durable and reliable materials, where these polymer adhesives play a crucial role. Additionally, the expanding automotive sector demands lightweight, high-performance components, further boosting the market. Rising awareness around hygiene and personal care has also fueled the use of these polymer adhesives in medical and sanitary products. Furthermore, advancements in recycling technologies and the push for sustainable solutions are encouraging the adoption of more eco-friendly fiber options, presenting opportunities for the Bangladesh Polymer Adhesives Market growth.
The polymer adhesives market in Bangladesh faces several challenges that hinder its growth and development. One significant issue is the reliance on imported raw materials, which increases production costs and creates dependency on global supply chains. Any fluctuation in international pricing or supply disruptions can directly impact local manufacturers.
The Bangladesh Polymer Adhesives market is witnessing trends centered around sustainability and innovation. Increasing demand for eco-friendly solutions is driving R&D investments toward the development of recycled and biodegradable polymer adhesives. Additionally, automation and advanced manufacturing techniques have enhanced production efficiency and consistency. The rising use of polyolefin polymer adhesives in industries such as automotive, construction, and geotextiles is another significant trend contributing to market growth.
Investment opportunities in Bangladesh Polymer Adhesives market are abundant, particularly in sustainable manufacturing and innovation-focused areas. Businesses focusing on recycling technologies, waste management solutions, and biodegradable alternatives have the potential for long-term growth. With government incentives for green projects and increasing global demand for environmentally conscious materials, Bangladesh presents a favorable environment for investments. Export opportunities are also expanding, bolstered by its strategic location within the European Union.
The polymer adhesives market in Bangladesh is comprised of both local manufacturers and international companies that contribute to its competitive landscape. Prominent local players include organizations such as Berger Fosroc and RFL Adhesives, which leverage their understanding of the domestic market to cater to a wide range of adhesive applications. These companies focus on offering cost-effective solutions while gradually enhancing product quality.
The Bangladesh polymer adhesives market is significantly influenced by government regulations aimed at ensuring product safety, environmental sustainability, and industry standardization. Regulatory bodies in Bangladesh, such as the Ministry of Industries and the Department of Environment, enforce guidelines on the production, import, and use of polymer adhesives. These regulations cover aspects such as permissible chemical compositions, labeling requirements, and environmental disposal practices to minimize pollution and health risks.
Compliance with international standards, such as ISO certifications, is often encouraged to boost export potential and maintain quality benchmarks. Additionally, initiatives promoting eco-friendly materials and sustainable production processes are gaining traction, aligning with global trends to reduce the environmental impact of the adhesives industry. Such regulatory frameworks play a vital role in shaping the development of the market while fostering innovation and responsible manufacturing practices.
The future of Bangladesh's Polymer Adhesives industry lies in technological advancements and sustainability initiatives. With growing awareness around climate change and a shift toward a circular economy, the industry is expected to prioritize sustainable materials and production methods. Additionally, the integration of digital technologies like AI and IoT is anticipated to improve operational efficiencies and product quality. The market's growth trajectory will also depend on Bangladesh’s ability to attract investments and continue fostering innovation in line with global environmental and economic trends.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ashutosh, Senior Research Analyst, 6Wresearch, Polyurethane adhesives are gaining significant traction in the Bangladeshi market due to their versatile applications and superior performance characteristics. These adhesives are well-regarded for their excellent strength, durability, and resistance to various environmental factors such as heat, moisture, and chemicals.
The packaging industry to Dominate the Market- By Application
The packaging industry is one of the largest consumers of adhesives in Bangladesh. Adhesives play a pivotal role in ensuring the durability and reliability of packaging materials, including cartons, boxes, and flexible packaging.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Polymer Adhesives Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Polymer Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Polymer Adhesives Market - Industry Life Cycle |
3.4 Bangladesh Polymer Adhesives Market - Porter's Five Forces |
3.5 Bangladesh Polymer Adhesives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Polymer Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bangladesh Polymer Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Polymer Adhesives Market Trends |
6 Bangladesh Polymer Adhesives Market, By Types |
6.1 Bangladesh Polymer Adhesives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Polymer Adhesives Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Bangladesh Polymer Adhesives Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.1.4 Bangladesh Polymer Adhesives Market Revenues & Volume, By Epoxy, 2021 - 2031F |
6.1.5 Bangladesh Polymer Adhesives Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.1.6 Bangladesh Polymer Adhesives Market Revenues & Volume, By Polyether, 2021 - 2031F |
6.1.7 Bangladesh Polymer Adhesives Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Polymer Adhesives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Polymer Adhesives Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.2.3 Bangladesh Polymer Adhesives Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.4 Bangladesh Polymer Adhesives Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.2.5 Bangladesh Polymer Adhesives Market Revenues & Volume, By Building & Construction, 2021 - 2031F |
6.2.6 Bangladesh Polymer Adhesives Market Revenues & Volume, By Footwear, 2021 - 2031F |
6.2.7 Bangladesh Polymer Adhesives Market Revenues & Volume, By Furniture, 2021 - 2031F |
7 Bangladesh Polymer Adhesives Market Import-Export Trade Statistics |
7.1 Bangladesh Polymer Adhesives Market Export to Major Countries |
7.2 Bangladesh Polymer Adhesives Market Imports from Major Countries |
8 Bangladesh Polymer Adhesives Market Key Performance Indicators |
9 Bangladesh Polymer Adhesives Market - Opportunity Assessment |
9.1 Bangladesh Polymer Adhesives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Polymer Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bangladesh Polymer Adhesives Market - Competitive Landscape |
10.1 Bangladesh Polymer Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Polymer Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |