Our latest research report entitled Adhesives and Sealants Market (by type (acrylic polyurethane, polyvinyl acetate, epoxy, EVA), fabrication technology (water, solvent-based, hot-melt & reactive), application (building & construction, automotive & transportation, consumer goods)) provides complete and deep insights into the market dynamics and growth of Adhesives and Sealants.
The latest information on market risks, industry chain structure Adhesives and Sealants cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Adhesives and Sealants growth factors.
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Growing Demand for Adhesives from the Automotive Industry Promotes the Growth
Adhesives majorly include polymers and incorporate various materials such as cement, glue, mucilage, and paste, and are a result of a chemical reaction. Whereas, a sealant is a soft, elastic material which changes state to adopt solid form after application. Adhesive and sealant are often grouped together, as they both are available in liquid form and are applied together on the surface of the material to adhere and seal them together. Adhesives are majorly used in the industry due to their bonding and holding properties and have high tensile and shear strength. However, sealants are chosen due to their ability to resist relative movement of the substrate, to fill the gap thereby preventing air, noise, dust, fire and liquid penetration.
Globally the commercial applications of adhesives and sealants have increased significantly due to the substantial growth in application areas. The key factors driving the growth of adhesives and sealants market include expansion of the construction industry, growing transportation sectors, and rising demand in the automotive and packaging industry. The global adhesives and sealants market is anticipated to experience a rapid growth owing to the expanding infrastructure development in the emerging economies.
Furthermore, the growing demand for adhesives from the automotive industry promotes the growth of silicone adhesives and sealants in the automotive sector. Adhesives are used to assemble metal, glass, plastics, rubber, and a variety of other materials instead of welding during the manufacture of automobiles, thus reducing the weight of the vehicles. However, the growth of the adhesive and sealants market is restrained by stringent government regulations and fluctuating prices of raw material used to manufacture adhesive and sealants. Nevertheless, the growing application of adhesives in the medical application is anticipated to bring new opportunities for leading players in this market over the forecast period.
The Asia Pacific Holds the Largest Share in the Adhesives and Sealants
Among the regions, Asia Pacific holds the largest share in the adhesives and sealants. The Asia Pacific accounted for more than 40% market share in the global adhesive and sealant market. Asia Pacific region is expected to continue its dominance over the forecast period owing to growing end-user industries such as automotive, construction, and packaging across the region. Furthermore, the market in this region is projected to experience huge gains due to increased production from new players that are investing in developing new products and application areas for adhesives and sealants.
Following the Asia Pacific, North America is the second-largest market for adhesives and sealants and is anticipated to witness healthy CAGR of XX% over the forecast period. The growth of the adhesive and sealant market in the North America region is attributed to high demand for water-based adhesive formulation along with scope in furniture, footwear, and pressure-sensitive applications.
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Report on Global Adhesives and Sealants Market Covers Segments such as Type, Fabrication Technology, and Application
On the basis of type, the sub-markets include acrylic polyurethane, polyvinyl acetate (PVA), epoxy, EVA, and other types. On the basis of fabrication technology, the sub-markets include water-based, solvent-based, hot-melt & reactive, and other fabrication technology. On the basis of application, the sub-markets include building & construction, automotive & transportation, consumer goods, packaging, and others.
The report provides profiles of the companies in the market such as H.B. Fuller Company, ITW Performance Polymers, Sika AG, MAPEI S.p.A., RPM International Inc, DowDuPont, Henkel AG & Company, KGaA, Merck Group, The 3M Company, and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-adhesives-and-sealants-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Adhesives and Sealants.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.