Market Forecast By Types (Acrylic, Epoxy, Polyvinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinyl Acetate (EVA), Silicone & Others), By Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, Reactive and Others) And Competitive Landscape
Product Code: ETC019876 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Ghana Adhesives Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Automotive |
The Ghana Adhesives Market report thoroughly covers the market by Types and Technology. 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 Ghana Adhesives Market has anticipated growth over the past years and is expected to grow at s steady rate during the forecast period. This is driven by technological advancements, increasing demand for lightweight vehicles, growing awareness, and government initiatives.
According to 6Wresearch, the Ghana Adhesives Market size is expected to grow at a significant CAGR of 4.5% during 2025-2031. One of the main drivers of growth in the Ghana adhesives market is technological advancements. With continuous innovation and development, new types of adhesives are being introduced into the market that offer improved bonding strength, durability, and environmental sustainability. Another important driver is the increasing demand for lightweight vehicles. As consumers become more conscious about fuel efficiency and environmental sustainability, there is a growing trend towards using lightweight materials in vehicle manufacturing. Additionally, government initiatives promoting foreign investments have also contributed to the growth of the Ghana adhesives market. The government's efforts to attract foreign investors through various policies and tax incentives have resulted in the establishment of new manufacturing facilities, leading to an increase in the production of adhesives.
The first challenge is the fluctuating prices of raw materials used in adhesive production. Another challenge is the lack of awareness and education about adhesives among end-users. The third challenge facing the Ghana adhesives market is the presence of counterfeit products.
Ashland Inc., H.B. Fuller, Henkel AG & Co KGaA, 3M Company, Sika AG, Bostik SA, Pidilite Industries Limited, Anabond Limited, ITW Performance Polymers & Fluids, and Franklin International Inc. are some of the major players in the Ghana adhesives market, with each company holding a significant market share and offering a diverse range of products to meet the varied demands of different industries.
One of the key initiatives is the implementation of policies that support local manufacturing. This includes providing incentives such as tax breaks and subsidies to encourage companies to establish manufacturing facilities within Ghana. Furthermore, the government has invested in research and development programs to advance adhesive technology in Ghana. Additionally, the government has implemented trade agreements and partnerships with other countries to expand export opportunities for Ghanaian adhesive manufacturers. This enables local companies to access new markets and increase their market share globally.
The future of the Ghana adhesives market looks promising as the country continues to experience economic growth and industrialization. With the construction and automotive industries booming in Ghana, there will be a high demand for adhesives used in these sectors. The increasing awareness about the benefits of using adhesives over traditional methods such as welding or soldering is also expected to drive market growth. Furthermore, advancements in technology and the development of eco-friendly and sustainable adhesive products are likely to create new opportunities for companies operating in the Ghanaian market.
According to Ravi Bhandari, Research Head, 6Wresearch, the acrylic adhesives segment is currently leading in terms of market growth. This can be attributed to its wide range of applications and strong bonding properties.
The water-based technology segment is experiencing significant growth due to increasing environmental regulations and consumer preference for eco-friendly products.
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 Ghana Adhesives Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Adhesives Market - Industry Life Cycle |
3.4 Ghana Adhesives Market - Porter's Five Forces |
3.5 Ghana Adhesives Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Ghana Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Ghana Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Adhesives Market Trends |
6 Ghana Adhesives Market, By Types |
6.1 Ghana Adhesives Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Ghana Adhesives Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Ghana Adhesives Market Revenues & Volume, By Acrylic , 2021 - 2031F |
6.1.4 Ghana Adhesives Market Revenues & Volume, By Epoxy, 2021 - 2031F |
6.1.5 Ghana Adhesives Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021 - 2031F |
6.1.6 Ghana Adhesives Market Revenues & Volume, By Polyurethane (PU), 2021 - 2031F |
6.1.7 Ghana Adhesives Market Revenues & Volume, By Styrenic Block, 2021 - 2031F |
6.1.8 Ghana Adhesives Market Revenues & Volume, By Ethyl Vinyl Acetate (EVA), 2021 - 2031F |
6.2 Ghana Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Ghana Adhesives Market Revenues & Volume, By Water-based, 2021 - 2031F |
6.2.3 Ghana Adhesives Market Revenues & Volume, By Solvent-based, 2021 - 2031F |
6.2.4 Ghana Adhesives Market Revenues & Volume, By Hot Melt, 2021 - 2031F |
6.2.5 Ghana Adhesives Market Revenues & Volume, By Pressure Sensitive, 2021 - 2031F |
6.2.6 Ghana Adhesives Market Revenues & Volume, By Reactive and Others, 2021 - 2031F |
7 Ghana Adhesives Market Import-Export Trade Statistics |
7.1 Ghana Adhesives Market Export to Major Countries |
7.2 Ghana Adhesives Market Imports from Major Countries |
8 Ghana Adhesives Market Key Performance Indicators |
9 Ghana Adhesives Market - Opportunity Assessment |
9.1 Ghana Adhesives Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Ghana Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Ghana Adhesives Market - Competitive Landscape |
10.1 Ghana Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Ghana Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |