According to a market report released by Research and Markets, the global industrial adhesive market is projected to witness a CAGR of 5.2% from 2016 to 2021, and grow from $41.47 billion in 2016 to $53.37 billion by 2021. The growth of the industrial adhesive market is mainly driven by several major factors such as growth in packaging, construction & woodworking, and transportation end-use industries, technological advancements and others. In terms of value, the natural material base segment is expected to be the fastest-growing segment of the industrial adhesives market from 2016 to 2021. In terms of composition, the acrylic segment occupied the largest share of the industrial adhesive market in 2015, and is projected to take the dominant position in the market. In terms of type, the water-based adhesive segment occupied the largest share of the industrial adhesive market in 2015, and is likely to be the largest type segment in the market. In terms of end-use industry, the construction & woodworking segment accounted for the largest share of the industrial adhesives market in 2015, and is expected to retain dominance in the market. Asia-Pacific is expected to be the fastest-growing region in the industrial adhesive market during the forecast period, in terms of geography. Rapid industrialization and increasing infrastructure developments provide a lot of opportunities in the Asia-Pacific industrial adhesives market. Additionally, the growth in the manufacturing field has remarkably driven the demand for industrial adhesives in this region. The major players in the industrial adhesive market include Henkel AG & Co. KGaA (Germany), BASF SE (Germany), H.B. Fuller (U.S.), Huntsman Corporation (U.S.), and The Dow Chemical Company (U.S.) and others.