The growth of the adhesives & sealants market is primarily supported by
the growing population in emerging economies such as China, India, and South
Africa. The electronics industry uses adhesives for various applications,
including conformal coatings, protecting terminal electrodes, bonding of
surface mount devices, among many others. The construction industry makes use
of adhesives and sealants across various applications, such as flooring and
carpets, tile insulation, garage doors, resilient flooring, wall covering,
pre-finish panels, perimeters of doors, drywall, lamination, and fixed window
frames, among others. These applications primarily make use of three types of
adhesives and sealants namely, epoxy, silicone, and cyanoacrylates.
According to UnivDatos Market Insights (UMI)’ research
report “Global Adhesives
& Sealants Market”, the market is expected to
witness a CAGR of ~5% during the forecast period 2021-2027F. Rapidly growing
furniture industry with booming real estate business and rising income levels
leading to an increased demand for interiors at residential and non-residential
places. Moreover, nowadays, the footwear industry has a close association to
the adhesives industry, using bonding techniques to join the variety of
materials employed in the manufacture of shoes. Thus, rising demand of furniture
and footwears would escalate the demand for adhesives & sealants.
Additionally, demand for bio-based/green adhesives, such as starch and lignin,
is increasing rapidly, as consumers are starting to realize the adverse effects
of petroleum-based products. Consequently, manufacturers are spending huge
amounts of capital for research and development of such adhesives. Currently,
hybrid adhesives are being increasingly used by end-user industries of
adhesives, as they are considered to be green and sustainable alternatives for
solvent-based adhesives.
Request Sample Copy of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=17597
Based on Type, market is bifurcated into adhesives &
sealants. Further, adhesives is divided into water-based, solvent-based,
hot-melt, and reactive & others and sealants into silicone, polyurethane,
plastisol, emulsion, polysulfide, butyl, and others. Among all, water–based adhesives
held considerable market share. These kinds of adhesives are developed using a
combination of polymers, and additives. They are ideal for porous or non-porous
substrates.
Based on Application, adhesives market is further divided
into paper & packaging, building & construction, woodworking, consumer
& DIY, automotive & transportation, leather & footwear, assembly,
medical, electronics, and others and sealants market into building &
construction, automotive & transportation, consumer, and others. Among all,
paper & packaging and automotive & transportation held prominent market
share owing to growing logistics and e-commerce industry and adhesives are used
for joining seats, spoilers, tailgates, side skirts, bumpers, headlights,
dashboards, and etc. in automotive & transportation. However, woodworking
is expected to grow at significant rate owing to population opting for wooden
furniture with changing trends.
Request Sample Copy of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=17597
Asia Pacific holds lucrative market share of adhesives &
sealants market.
Based on regions, the report provides detailed analysis for overall adoption
of adhesives & sealants in the global region including North America,
Europe, Asia-Pacific, and Rest of World. Asia Pacific held the lucrative share
in the global adhesives & sealants market. The factors that are
contributing to the growth of the market include rising footwear industry,
consumer & DIY, electronics industry, medical, and others in the country.
Further, the market is characterized by the presence of several market players
that are catering to a wide range of customers in the region. These players
adopt various strategies to remain competitive in the market and gain a
competitive advantage over other players operating in the market. Mergers and
acquisitions, product launches, and partnerships and collaborations, and
geographical expansion are some of the major activities adopted by the market
players.
According to HP Adhesives DHRP, the Indian adhesives and sealants
market clocked single digit CAGR between fiscals 2015 and 2020, driven by
growth in major end-user industries such as packaging, construction,
electronics, and woodworking.
For more informative information, please visit us - https://univdatos.com/report/adhesives-sealants-market/
According to UnivDatos Market Insights (UMI)’, the key
players with a considerable market share in the global adhesives & sealants
market are 3M Company, Arkema S.A, Henkel AG & Co. KGaA, H.B. Fuller
Company, Sika AG, Huntsman Corporation, Illinois Tool Works Inc., Avery
Dennison Corporation, DuPont de Nemours Inc., Mitsubishi Chemical Holdings
Corporation. These companies are investing heavily on adhesives & sealants
production & technology to increase their customer base.
Some recent developments from adhesives & sealants market are as follows:
-
- In May 2021, DuPont invested USD 5 Million in its capital and
operating resources at its manufacturing facilities in Germany and
Switzerland to increase capacity for its automotive adhesives.
- In April 2021, DuPont invested approximately USD 30 million to
build a new manufacturing facility in Zhangjiagang, Jiangsu Province, in
East China. The facility will produce adhesives to serve customers in the
transportation industry, specifically targeting two industry mega trends
vehicle electrification and light weighting.
“Global Adhesives
& Sealants Market” provides comprehensive
qualitative and quantitative insights on the industry potential, key factors
impacting sales and purchase decisions, hotspots, and opportunities available
for the market players. Moreover, the report also encompasses the key strategic
imperatives for success for competitors along with strategic factorial indexing
measuring competitor's capabilities on different parameters. This will help
companies in the formulation of go to market strategies and identifying the
blue ocean for its offerings.
For more informative information, please visit us - https://univdatos.com/report/adhesives-sealants-market/
Market Segmentation:
- By Type
[Adhesives (Water-Based, Solvent-Based, Hot-Melt, and Reactive &
Others) and Sealants (Silicone, Polyurethane, Plastisol, Emulsion,
Polysulfide, Butyl, Others)]
- By Application [Adhesives (Paper & Packaging, Building & Construction,
Woodworking, Consumer & DIY, Automotive & Transportation, Leather
& Footwear, Assembly, Medical, Electronics, and Others) and Sealants
(Building & Construction, Automotive & Transportation, Consumer,
and Others)]
- By Region (North America, Europe, Asia-Pacific, and Rest of World)
- By Company (3M Company, Arkema S.A, Henkel AG & Co. KGaA, H.B. Fuller
Company, Sika AG, Huntsman Corporation, Illinois Tool Works Inc., Avery
Dennison Corporation, DuPont de Nemours Inc., Mitsubishi Chemical Holdings
Corporation.)
Key questions answered in the study:
- What are the current and future trends of the global adhesives
& sealants industry?
- How the industry has been evolving in terms of type and
application?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global
adhesives & sealants industry?
- What is the customer orientation, purchase behavior, and
expectations from the global green chemical suppliers across various
countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL ADHESIVES & SEALANTS MARKET COVID-19 IMPACT
6 GLOBAL ADHESIVES & SEALANTS MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY REGION
10 ADHESIVES & SEALANTS MARKET DYNAMICS
11 ADHESIVES & SEALANTS MARKET OPPORTUNITIES
12 ADHESIVES & SEALANTS MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
Browse Other Related Research Reports from UnivDatos Market Insights
- Hydraulic
Turbines Market to exceed US$ 1.2 Billion by 2027 Globally | CAGR: 2.6%
- Brushless
DC Motor Market to exceed USD 28 Billion by 2027 Globally |CAGR: 8%
- Virtual
Power Plant Market to exceed US$ 4.7 Billion by 2027 Globally |CAGR: 34%
- Marine
Engines Market to exceed US$ 18.9 Billion by 2027 Globally |CAGR: 4.7%
Comments