Report Ocean has recently published the “Adhesives and Sealants Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global adhesives & sealants market is projected to reach $66,876 million by 2022, with a CAGR of 3.7% from 2016 to 2022. An adhesive is a chemical mixture that joins two surfaces together to frame a single unit, whereas a sealant is a semi-solid material which is used for prevention of fluid leakage. Adhesives & sealants are formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding- and bonding-related applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have better flexibility.
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The adhesives & sealants market is driven by multiple factors such as the growing demand for lightweight products, rapid infrastructure development, and commercial renovation activities. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building constructions, especially for commercial space, are growing at a faster pace globally; large glass sheets installed in these giant structures require considerable amount of sealants in the panel to make the structure weathertight. In addition to the growth aspect, there are some challenges the industry has to overcome, such as availability and volatile cost of raw material for the manufacture of adhesive & sealant products.
The global adhesives & sealants market is segmented on the basis of various parameters such as adhesive type, sealant type, application, and geography. Based on adhesive type, the market is classified into water-based, solvent-based, hot melt, pressure-sensitive, and Others, where others include reactive adhesives & formaldehyde adhesives. Acrylic, silicone, polyurethane, butyl, polysulfide, latex, and silyl modified polymer-based sealants are considered under the sealant type segmentation, where each type is further classified to give an elaborative idea on the market. Water-based adhesives dominate the overall adhesives market, whereas the sealants market is dominated by silicone-based sealants, in 2015. Adhesives & sealants have a wide range of applications such as from paperboard & packaging, building & construction, woodworking & joinery, transportation, footwear & leather, medical, and others. Paperboard & packaging and building & construction are the major applications for adhesives & sealants, which together contributed more than half of the total revenue in 2015.
The adhesives & sealants market, with its demand in end applications, has witnessed considerable growth over the past few years, and this growth is estimated to increase in the coming years. Top players in the market are investing huge capital in R&D activities to develop enhanced products, which helps to meet current demand. Some of the major players in the adhesive & sealant market are Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), 3M Corporation (U.S.), and Bostik SA (France).
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Geographically, the global adhesives & sealants market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest region for the market, with a revenue share of one-third in 2015, followed by Europe and North-America, each occupying a one-fourth revenue share.
ADHESIVES & SEALANTS MARKET KEY BENEFITS
The report provides an in-depth analysis of the global adhesives & sealants market and future estimations from 2015 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.
The factors that drive and impede the growth of the global market are comprehensively analyzed in this study.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.
Micro-level analysis is conducted based on type, application, and region.
ADHESIVES & SEALANTS MARKET KEY SEGMENTS
The adhesives & sealants market is segmented on the basis of adhesive type, sealant type, application, and geography.
WORLD ADHESIVES MARKET, BY TYPE
Water-Based Adhesives
Vinyl Acetate
Vinyl Acetate Copolymer
Acryl Emulsion
Others
Solvent-Based Adhesives
Vinyl Acetate
Resins
Rubber
Others
Hot Melt Adhesives
Ethylene Vinyl Acetate (EVA)
Rubber
Others
Pressure-Sensitive Adhesives
Acryl
Rubber
Others
Others (Reactive Adhesives, Formaldehyde Adhesives)
WORLD SEALANTS MARKET, BY TYPE
Acrylic Sealant
Silicone Sealant
Polyurethane Sealant
Butyl Sealant
Others (Polysulfide, Latex, and Silyl Modified Polymers)
WORLD ADHESIVES & SEALANTS MARKET BY APPLICATION
Paperboard & Packaging
Building & Construction
Woodworking & Joinery
Transportation
Footwear & Leather
Medical
Others (Assembly Operations, Decorative Films)
WORLD ADHESIVES & SEALANTS MARKET BY GEOGRAPHY
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
Africa
Middle East
Others
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Product Type Segmentation
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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