Digital Transformation in the Global Adhesives and Sealants Industry, 2020
Digital Transformation in the Global Adhesives and Sealants Industry, 2020
Future Growth Potential Enhanced by Growth Opportunities in Innovative Digital Business Models
19-Aug-2020
Global
$2,450.00
Special Price $1,837.50 save 25 %
Description
The chemicals and materials sector is focused on restructuring business processes using advanced digital technologies in keeping with similar trends being pursued by all major industries.
Frost & Sullivan’s November 2019 report: Global Digital Transformation in Paints and Coatings, 2019, found that leading coating formulators have invested significantly in digital initiatives across all domains. However, most companies in the global adhesives and sealants industry are still in the early adoption stages of digital transformation in many domains and have put digitalisation to use in only a limited number of digital domains. Company research suggests digitalisation provides several growth opportunities for companies in the adhesives and sealants industry.
This report tracks the industry’s transformation and seeks to identify future opportunities for digital technology. The use of innovative digital technologies in business models will enable easier management of key operations, deep and wide databases, customer interactivity, and diverse applications and verticals. Such innovative business models are expected to take center stage in the next 5 to 7 years in the global adhesives and sealants industry.
Nearly 50% of revenue from the global adhesives and sealants market is contributed by a small number of large global participants while the rest of the market is fragmented among several smaller companies. Of which, 7 of these 10 companies mostly operate in the formulation and sale of adhesives and sealants. The way in which digital technology will affect these companies will be strongly influenced by the specific requirements of the adhesives and sealants industry.
The findings in this report will be presented using the same 7 domains identified in the previous study. These domains are as follows:
• Digital Innovation investigates the use of digital technology in research and development and new product innovation.
• Digital Sourcing tracks the use of digital technology in the process of finding and procuring raw materials.
• Digital Business Models covers strategies designed to make a company’s general business processes more digitalised.
• Digital Plant looks at how adhesives and sealants plants themselves can benefit from digital technology.
• Digital Product investigates the potential for adhesives and sealants (as a product) to be complemented by a digital offering.
• Digital Customers looks at how digital transformation within the key end-markets (customers) is transforming their demand for adhesives and sealants.
• Digital Marketing tracks the use of digital technology in marketing products to potential customers.
In summary, this study will explore:
• The enabling technologies behind digital transformation
• Current activity among adhesive and sealant formulators and raw materials suppliers in the 7 digital domains
• Future scenarios for adhesives and sealants in an increasingly digital world
Author: Christeena Thomas
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of Top Three Strategic Imperatives on Digital Transformation in the Adhesives and Sealants Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Executive Summary—Key Findings
Introduction to Digital Transformation
7 Domains of Digitalisation
The Adhesives and Sealants Industry—Market Structure
Domains of Digitalisation
Top Business Goals––Digital Transformation to Achieve Them
Digital Innovation
Digital Innovation––Case Studies
Digital Sourcing
Digital Plants
Digital Plants––Case Studies
Digital Plants––Case Studies (continued)
Digital Business Models
Digital Business Models––Case Study
Digital Products
Digital Products––Case Study
Digital Customers
Digital Customers––Case Study
Digital Marketing
Digital Domains as a Model
Domains of Digital Activity
Digital Transformation—Top Adhesives and Sealants Companies
Predictions for the Future
Conclusions
Growth Opportunity 1: Innovative Digital Business Models for Seamless Sourcing and Production, 2020
Growth Opportunity 1: Innovative Digital Business Models for Seamless Sourcing and Production, 2020 (continued)
Growth Opportunity 2: Investment in Digital Marketing Strategies for Enhanced Visibility Among Customers, 2020
Growth Opportunity 2: Investment in Digital Marketing Strategies for Enhanced Visibility Among Customers, 2020 (continued)
Growth Opportunity 3: Digitisation of Operations for Improved Speed and Cost Savings, 2020
Growth Opportunity 3: Digitisation of Operations for Improved Speed and Cost Savings, 2020 (continued)
List of Exhibits
Legal Disclaimer
Market Estimates of Global Adhesives and Sealants Industry—Key Forecast Assumptions
Revenue Forecast
Percent Revenue Forecast by Region
Other Relevant Research
Frost & Sullivan Can Support Clients in All Aspects of Digital Transformation
Abbreviations and Acronyms Used
Popular Topics
No Index | No |
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Podcast | No |
Predecessor | MF21 |
Author | Christeena Thomas |
Industries | Chemicals and Materials |
WIP Number | MF7C-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9100-A2,9869-A2,9595,9870 |