Adhesives, also known as glue, cement, mucilage, or paste, are any non-metallic substance applied to either one or both surfaces of two different items that binds them together and resists their separation. A sealant is a semisolid substance used to block the flow of fluids through the surface or joints or openings in materials, or a type of a mechanical seal. In the automobile sector, the increasing demand for lightweight passenger cars with higher fuel economy and lower emissions has led to the implementation of adhesives and sealants in both the interior and exterior of the vehicles. This is a significant factor in boosting the growth of the adhesive and sealants market.
The global adhesives and sealants market size was valued at approximately USD 56.59 billion in 2018 and is expected to reach USD 87 billion by 2026 with an estimated CAGR of 5.6% from 2018 to 2026. This report on adhesives and sealants investment market examines all the essential factors such as the size, share, demand, growth, gross profits, earnings, and revenue to evaluate the rise of the industry in the future. It assesses the data gathered from the past years 2016 and 2017 to give an extensive view of the trends and predicts the potential rise of the adhesives and sealants industry during the years 2019 to 2026 while considering 2018 as the base year.
Top key vendors in Adhesives and Sealants Market include are: 3M, AdCo (UK) Ltd, Arkema Group (Bostik), artimelt, Ashland, Avery Dennison, Beardow Adams, Buhnen GmbH & Co. KG, Chemence, DELO, DowDuPont, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman International LLC, ITW Performance Polymers, Jowat SE, LORD Corporation, LINTEC Corporation (Mactac), MAPEI S.P.A, Master Bond, Paramelt
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Moreover, the use of adhesives and sealants may soon replace traditional welding and other mechanical fastening methods. In the construction sector, adhesives and sealants are majorly used for tiling applications, attaching drywall, fixtures to walls, ceiling applications, bathroom flooring, and molding applications. The booming growth of the construction industry, especially in emerging economies like China and India is another major factor pushing the adhesives and sealants market forward. The increasing inclination towards the use of composites and surging demand from the packaging industry is boosting the growth of the adhesives and sealants market.
Therefore, the growing demand from various end-user industries is the primary factor boosting the growth of the adhesives and sealants market. The strict regulation on the VOC (Volatile Organic Compound) emissions has led to the development of bio-based fuel. The innovations and R&D in bio-based fuel along with its comprehensive implementation are expected to offer new opportunities for growth during the forecast period. However, the volatile prices of the required raw materials may hamper the growth of the adhesives and sealants market in the coming years.
Global Adhesives and Sealants market overview:
The Asia Pacific region dominated the global adhesives and sealants market in 2018 and is speculated to lead the market during the forecast years. The increasing demand from industries, such as packaging, construction, electronics, and transportation, is contributing to the growth. The packaging sector is also witnessing significant growth because of the rapid demand for flexible packaging. Demand is also being received from the automotive industry in this region. China is the world’s largest automotive producer and is focusing on the development of lighter vehicles and electric powered ones. India’s automotive industry is also proliferating.
Emerging economies have attracted huge investments in the past few years. For instance, in 2018, Hyundai announced its plans to invest USD 1 billion in India by the year 2020. SAIC Motor has also announced an investment of USD 500 million in India by 2020. Other countries such as Indonesia, Malaysia, and Thailand have also been witnessing strong growth in the production of vehicles in the region. These countries are also seeing a steady demand from the construction industry to accommodate the already large population base. The other geographical areas mapped in this report include North America, Europe, the Middle East and Africa and Latin America.
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Key Research:
The main sources are industry experts from the global Adhesives and Sealants industry, including management organizations, processing organizations, and analytical services providers that address the value chain of industry organizations. We interviewed all major sources to collect and certify qualitative and quantitative information and to determine future prospects. Through interviews in the industry experts industry, such as CEO, vice president, marketing director, technology and innovation director, founder and key executives of key core companies.
Secondary Research:
Secondary research studies critical information about the industrial value chain, core pool of people, and applications. We also helped market segmentation based on the industry’s lowest level of industry, geographical markets and key developments in market and technology-driven core development.
On the basis of the Technology Outlook, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Hot Melt
- Solvent-borne
- Reactive
- Water-borne
- Others
On the basis of Product Outlook, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
- Silicone
- Polyurethane
- Acrylic
- Polyvinyl Acetate
- Others
On the basis of the End-Use Outlook, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Building & Construction
- Electrical & Electronics
- Footwear & Leather
- Healthcare
- Paper, Board, & Packaging
- Transportation
- Woodworking & Joinery
- Others
On the basis of Region/Country Outlook, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Why buy?
1. Understand the demand for global Adhesives and Sealants to determine the viability of the market.
2. Identify the developed and emerging markets where Adhesives and Sealants are offered.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
8. Define the competitive positioning by comparing the products and services with the key players in the market.
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Key points from TOC
3 Company (Top Players) Profiles
3.1 3M
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 AdCo (UK) Ltd
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Arkema Group (Bostik)
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Adhesives and Sealants Revenue (Value) (2014-2019)
3.3.5 Recent Developments
Continued…
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