Adhesives and Sealants Market Overview:
The adhesives and sealants market are poised to expand due to its widening range of applications in different industry verticals. Market Research Future (MRFR) has asserted in its latest report that the global adhesives and sealants market will witness intense competition and will grow significantly throughout the forecast period 2018 to 2024.
Adhesives and Sealants Market Key Players:
The key players profiled by MRFR in its report for drawing a conclusive and comprehensive insight into the market include;
- 3M (Germany)
- AVERY DENNISON CORPORATION (U.S)
- BOSTIK SA (France)
- Eastman Chemical Company (U.S)
- H.B. Fuller Company (U.S)
- Ashland (U.S)
- Beardow Adams (U.K)
- The Dow Chemical Company (U.S)
- Ellsworth Adhesives (U.S)
- Henkel AG & Co. KGaA (Germany)
among others. The market tactics implemented by the prominent players of the market for multiplying their revenue generation include expansion of product portfolio, innovation, mergers & acquisitions, agreements, research & development activities, etc.
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Industry Updates:
Jan 2018 APF which is a Phoenix-based maker of systems for concrete coating in commercial, industrial and residential applications along with a flooring product line has been bought by the ICP Group who has the backing of Audax Private Equity, the financial terms of the deal were not made available. This move is expected to add scale to ICP Construction’s existing business for floor coatings and will provide the group a manufacturing facility on the west coast. The acquisition of APF is the group’s 8th deal under the ownership of Audax.
Oct 2017 HB Fuller has confirmed its deal of acquisition of Royal Adhesives & Sealants from the associates of American Securities for the value of $1.575bn. HB Fuller which is a US-based manufacturer of adhesives company say the deal has come through after an agreement was reached and formalized between the parties in September. HB Fuller will gain enhanced expertise in specialty and high-value applications from this deal. Additionally, the unification of these two entities will enable expansion of their product range in construction adhesives, engineering and durable assembly.
Adhesives and Sealants Market Segments:
The industry for adhesives & sealants worldwide has been divided initially on types which includes acrylic adhesives, cyanoacrylates adhesives, anaerobic acrylic adhesives, acrylic sealants, polyurethanes and silicone. The segmentation of the market on application includes construction, packaging, pressure sensitive tapes, air craft, automotive and transportation among others. The technology category of the adhesives market consists of hot melt, solvent-borne, and water-borne.
Adhesives and Sealants Market Regional Analysis:
By region, the global adhesives and sealants market has been segmented into Asia Pacific, North America, Europe, Latin America, and, Middle East & Africa. Asia Pacific market will witness intensified demand for acrylic adhesives across different industry verticals such as automotive, construction, packaging, furniture, etc. which will multiply the market revenue generation of adhesives and sealants market in the region. Furthermore, the dominance of pressure sensitive segment will enable the market expansion at a faster pace over the projection period. The primary contributors of revenue in the market will be China, India, and, Japan.
North America market will exhibit significant growth rate which can be ascribed to the elevated demand for waterproof sealants across different industries. The booming automotive sector has propelled the demand for high-temperature adhesives in the region which is one of the most significant factors contributing towards market growth in the region. The U.S., and, Canada will steer growth in the market through significant revenue generation.
The Latin America region will witness spiraling revenue generation due to the intensified rate of consumption and enhanced awareness about eco-friendly products. The increasing demand for silicone sealants will fuel growth in the Middle East & Africa region.
Adhesives and Sealants Market Table of Content to be Continue…….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/adhesives-sealants-market-792
About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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