The global Adhesives and sealants market is forecast to reach USD 81.2 Billion by the year 2027 at a CAGR of 5.13%, and the market was valued at USD 55.7 Billion in 2019. The similar characteristics of Adhesives and sealants result in them serving similar end-user segments. The adhesive is a chemical mixture which is applied to join two surfaces together, a sealant is a semisolid material, which is used to prevent leakage. They are manufactured with similar technologies and chemicals. Adhesives show high tensile and shear strength, whereas sealants are used to fill gaps and resist the movement of substrates and show relatively low strength compared to adhesives but exhibit greater flexibility. Adhesives are used to bond dissimilar metals, and sealants are used as substitutes of synthetic substrate for traditional material.
Glass building construction requires the use of sealants in the panels, for a stable structure. The main challenge the industry faces are the volatile cost of the raw material used for the production of adhesive and sealant products. The market is mainly driven by the robust growth and demand in the packaging industry due to the enormous demand and rise of the food and package industry. The market can be hindered by stringent regulations regarding VOC emissions.
Key participants include 3M Company, Arkema, Dow Chemical Company, H.B. Fuller, Henkel, Bostik, RPM International Inc., Sika AG, Ashland Inc., BASF AG, among others.
Request free sample: https://www.reportsanddata.com/sample-enquiry-form/937
Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides pin-point analysis for changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
- PEST analysis of the market in the five major regions.
Key Takeaways from the report
- The market for Hybrid electric vehicles (HEVs) and Battery Electric vehicles (BEVs) has increased drastically; out of 94 Billion vehicles produced in 2018, 4.5 Billion were part of HEVs and BEVs, forecasts are showing by 2030 25% of the vehicles will be electrically powered. Adhesives and sealants market are used in the production of battery components such as Battery cells, Battery modules, and battery pack, the demand in this industry will drive the Adhesives and sealants market.
- The largest share is held by a water-based segment in the Adhesives and sealants market. This is due to the regulations on the Volatile Organic Compound emissions; the companies are abandoning the use of solvent-based adhesives and are gearing more towards the use of hotmelt and water-based adhesive types.
- Hot-melt Adhesives have a high demand in industries such as transportation, construction, and packaging; this demand is expected to rise due to the rising demand for light-weight automobiles. Solvent-based adhesives are losing their use due to their tendency to react with nitrogen present in the atmosphere, which is a potential hazard to humans.
- Asia-Pacific will register the most significant amount of growth with an already enormous population which is increasing, and the manufacturing has shifted from North America and Europe to the Asia Pacific, these end-user manufacturing industries will be driving the growth of adhesives and sealants market in this Region. The automotive and packaging industry has boomed in the Asia Pacific region, with an excellent contribution from the ASEAN countries.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-adhesives-and-sealants-market
For the purpose of this report, Reports and Data have segmented into the global Adhesives and sealants market on the basis of Adhesive Technology, Resin type, end use industry, and Region:
Adhesive Technology Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)
- Water-Based
- Solvent-Based
- Hot-Melt
- Reactive
- Others
Resin Type Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)
- Silicone
- Acrylic
- Polyvinyl Acetate
- Polyurethane
- Others
Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/937
End Use Industry Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)
- Building and Construction
- Paper, Board, and Packaging
- Transportation
- Woodworking and Joinery
- Footwear and Leather
- Healthcare
- Electrical and Electronics
- Other End-user Industries
Regional Outlook (Revenue, USD Billion ; Volume, Kilo Ton); 2017-2027)
- North America
- US
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Ethyl 3-ethoxypropionate Market Demands
Bismaleimide (BMI) Resins Market Manufacture
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Us:
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com/
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Connect with us: Facebook| LinkedIn | Twitter
Read More Related Reports:
