Hybrid Adhesive & Sealant Market – Overview:
Hybrid Adhesive & Sealant belongs to a special class of adhesive & sealant that are derived from two different categories of polymeric resin. These are predominantly utilized in various end use applications such as automotive & aerospace, building & construction, marine, general industry, and others. Hybrid Adhesive & Sealant market is expected to witness strong growth due to increasing demand from building & construction sector and continuous growth of automotive & aerospace industry worldwide. In addition, building & construction accounted for the largest application segment due to rising demand from various end use industries on account of their adhesion property over broad range of substrate, with this above mentioned reason the market is predicted to register robust growth in the near future. Moreover, growing per capita disposable along with improved living standards has resulted in increased demand for fuel efficient vehicles which in turn has increased the light weight passenger cars sales in developing countries. With this above mentioned reason market is expected to register moderate growth.
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Geographically, Asia Pacific emerged as the largest market for Hybrid Adhesive & Sealant in 2016 and is estimated to retain its dominance over the assessment years on account of rising demand from automotive & aerospace and building & construction sector. Furthermore, the demand for hybrid adhesive & sealant is expected to surge in various countries of Asia Pacific such as China, India, and South Korea owing to rising construction activities along with high adoption rate from building and construction industry. In addition, huge investment by major market players in their R&D activities and shifting of hybrid adhesive & sealant manufacturing unit as well as significantly increasing base of numerous end use industries in this region is expected to fuel the hybrid adhesive & sealant regional market growth. North American market is estimated to witness steady growth due to increasing demand from marine sector. North American market is further classified into U.S. and Canada which are among the major contributor in the regional market growth on account of strong growth of building & construction and marine sector. European market is predicted to witness healthy growth owing to rising awareness regarding the benefits associated with the product as well as growing utilization in automotive & aerospace industry. Moreover, developing countries of the Middle East & Africa and Latin America such as Turkey, the United Arab Emirates, Brazil, and Mexico are estimated to witness steady growth on account of increasing disposable income along with strong consumer base for building & construction sector.
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Industry/ Innovation/ Related News:
May 2017- Den Braven, the Netherlands based company announced that the company has modified their polyurethane and silicone sealant through research and technological advancement in hybrid technology. The company launched a new range of new high performance sealants and adhesives. These products have very low VOC content and environment friendly. With this product launch the company enhance its product portfolio and improves its position in global market.
September 2017– Henkel Adhesive Technologies India Ltd., a part of Henkel AG conducted a conference in Pune, in which company launched its Loctite Hybrid Adhesive. The launch of high performance adhesive strengthen Henkel’s position among the global hybrid adhesive & sealant manufacturers.
August 2016– tremco illbruck announced to invest around USD 12.2 million at its Traunreut and Bodenwohr site. Traunreut manufacturing facility is one of the leading hybrid adhesive and sealant manufacturers in Germany and Europe. The company is set to double it’s capacities in this segment. With this capacity expansion, the company expand its global reach and its market position in Europe.
Competitive Landscape:
The Hybrid Adhesive & Sealant report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global hybrid adhesive & sealant market comprises of various manufacturers operating in the market which comprised of large scale and medium scale producers. Some of the prominent market players operating in the global hybrid adhesive & sealant industry has shifted their focus towards growth association specifically by Asia Pacific as moderate level and small scale manufacturers are from this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the key manufacturers are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many operating players are escalating their manufacturing capacity of hybrid adhesive & sealant to meet the growing demand for hybrid adhesive & sealant. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.
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