This report makes available data on patterns, improvements, target business sectors, materials, limits, and advancements. With this Adhesives & Sealants Market report, it becomes possible to achieve a holistic view of the market effectively and then also benchmark all the companies in the Chemical and Materials industry. Besides, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This gives more precise understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands. Global Adhesives & Sealants Market report attempts to find out the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market.
The credible Adhesives & Sealants Market report provides estimations of CAGR values, market drivers and market restraints about the Chemical and Materials industry which are helpful for the businesses in deciding upon numerous strategies. This market report helps to develop a successful marketing strategy for the business and acts as a backbone to the business. The report deals with thorough SWOT analysis & investment analysis which forecasts imminent opportunities for the market players. As it is a third-party report, Adhesives & Sealants Market business report is more unprejudiced and hence provides a better picture of what is really happening in the market.
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Global Adhesives & Sealants Market By Resin Type (Acrylics, Epoxy, Poly Vinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinly Acetate (EVA), Silicone), Technology (Water based, Solvent based, Hot Melt, UV Cured), Application (Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Consumer/DYI, Leather and Footwear, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Adhesives & Sealants Market
Global adhesives & sealants market is expected to rise=, registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing trend of lightweight & low carbon emitting vehicles and shift in the preferences of consumers towards hot-melt adhesives.
Market Definition: Global Adhesives & Sealants Market
Adhesives are those substances that help in binding two objects, making it firm and tough. On the other hand, sealants are used as a hard coating on a permeable surface or it can be used to block the passage of fluid. The use of adhesives and sealants can be seen in various applications such as transportation, consumer sealants, building & construction, paper & packaging, construction and others.
- Increasing demand for adhesives & sealants from the building & construction industry; this factor will act as a driver for the market in the forecast period
- Shifting in the preferences of consumers towards hot-melt adhesives will also drive the market in near future
- High demand for adhesives & sealants in Asia-Pacific region; this factor will also propel the market
- Development of hybrid resins for the manufacturing of high-performance adhesives & sealants will also help the market to grow in future
- Environmental regulations in North American and European countries; this factor will hamper the market to grow in near future
- Volatility in the prices of crude oils, will act as a restraint for the market growth
- Shifting rules and changing standards will also restrain the market growth
Segmentation: Global Adhesives & Sealants Market
By Resin Type
- Poly Vinyl Acetate (PVA)
- Polyurethane (PU)
- Styrenic Block
- Ethyl Vinly Acetate (EVA)
- Water Based
- Solvent Based
- Hot Melt
- UV Cured
- Paper and Packaging
- Building and Construction
- Automotive and Transportation
- Leather and Footwear
Key Developments in the Market:
- In September 2017, HB Fuller, a manufacturer of U.S. sealants and adhesives, has acquired two companies namely, Wisdom Worldwide Adhesives, a U.S.-based packaging adhesives specialist and Adecol, a Brazilian polymer adhesives maker. The acquisition will help HB Fuller to make more products related to the market, in order to fulfil the requirements of customers.
- In September 2017, H.B. Fuller has signed an agreement in order to acquire Royal Adhesives & Sealants, who is a manufacturer of high-value specialty sealants and adhesives. The acquisition will help the company to focus more on their adhesive segments. Also, it will help H.B. Fuller to expand their presence in China, Europe and North America.
Global adhesives & sealants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of adhesives & sealants market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the adhesives & sealants market are 3M, Henkel AG & Co. KGaA, Arkema, H.B. Fuller Company, Bostik, The Dow Chemical Company, Sika AG, Illinois Tool Works Inc., DAP Products Inc., AVERY DENNISON CORPORATION, Royal Adhesives & Sealants and Franklin International among others.
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