{"id":73433,"date":"2016-08-03T14:24:01","date_gmt":"2016-08-03T14:24:01","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=73433"},"modified":"2016-08-03T14:24:01","modified_gmt":"2016-08-03T14:24:01","slug":"adhesives-sealants-market-is-expected-to-reach-66876-million-globally-by-2020","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/adhesives-sealants-market-is-expected-to-reach-66876-million-globally-by-2020_73433.html","title":{"rendered":"Adhesives & Sealants Market is Expected to Reach $66,876 Million, Globally, By 2020"},"content":{"rendered":"
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“Allied Market Research”<\/div>\n<\/div>\n<\/div>\n
\u201cWorld Adhesives & Sealants Market: Opportunities and Forecasts, 2015\u20132022,\u201d the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. <\/div>\n

According to a new report published by Allied Market Research, titled, “World Adhesives & Sealants Market: Opportunities and Forecasts, 2015–2022,” the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive products.<\/p>\n

Factors driving the overall adhesives & sealants market are increasing automobile production and surging demand for packaging material. 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. Strong growth in infrastructure activity is also expected to drive the growth of adhesives & sealants market. Rapid urbanization and population growth in developing countries combined with rebounding construction activities in developed markets of Europe and the U.S. is fueling the demand for adhesives & sealants products. Stringent regulations on volatile organic chemical (VOC) emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate, resins, rubber and others) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems. The increasing popularity of environment-friendly adhesives over traditional solvent-based and water-based adhesives acts as an opportunity for the market growth.<\/p>\n

Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is owing to inkling of major end-user industries namely packaging and construction toward water-based adhesive products; as solvent-based adhesive products are highly prone to volatile organic compound (VOC) emissions. Other factors attributing to its growth are its user-friendly nature and safety in the working environment. Water-based adhesives are free of toxic elements and hazardous organic elements, thus fulfilling the regulations. In the year 2015, the silicone-based sealants segment occupied more than 40% of the world Sealants market revenue due to compatibility, strength, stability, and durability. Compatibility of silicone sealants in construction applications has made it the most commendable type in the market.<\/p>\n

Get more details of the report @ <\/strong>https:\/\/www.alliedmarketresearch.com\/adhesives-sealants-market<\/a><\/p>\n

The demand from footwear and medical applications is increasing at the higher CAGRs of 5.6% and 4.8%, respectively, during the forecast period. This is due to reasons such as, increasing global footwear production, especially in China & other emerging countries, and growing Adhesives usage in several medical areas, such as implant, tissue bonding, dental and wound closure.<\/p>\n

                                          World Adhesives Market Share, By Type, 2015 (%)<\/strong><\/p>\n

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Key findings of the study<\/strong><\/p>\n

1.<\/strong> Asia-Pacific is expected to continue to lead the market throughout 2022, followed by Europe.
2.<\/strong> Silicone sealants are expected to dominate the sealants market until 2022.
3.<\/strong> Paperboard & packaging and building & construction together accounted more than half of the global Adhesives & sealants demand in 2015.
4.<\/strong> Hot melt adhesives market volume is projected to grow with a higher CAGR of 6.1% during the forecast period.
5.<\/strong> China alone contributed to around 20% of the world adhesives & sealants revenue in 2015.<\/p>\n

Asia-Pacific and Europe dominate the adhesives & sealants market, together contributing two-thirds of the world’s revenue. Globally, Asia-Pacific dominates the building & construction, packaging, and automotive production, where adhesives & sealants are majorly applicable. Hence, this region was the major consumer of adhesives & sealants in 2015, and is expected to maintain this position throughout the forecast period.<\/p>\n

Read more about Materials & Chemicals Industry here: <\/strong>https:\/\/www.alliedmarketresearch.com\/materials-&-chemicals-market-report<\/a><\/p>\n

Most of the companies in this market are investing significantly in R&D to develop environment-friendly products. The prominent players profiled in this report include Henkel AG & Co. KGaA, Sika AG, H.B. Fuller, 3M Corporation, Bostik SA, Huntsman International LLC, Avery Dennison Corporation, Dow Corning Corporation, Wacker Chemie AG, and RPM International Inc.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Allied Market Research
Contact Person:<\/strong> Sona Padmanabhan
Email:<\/strong> help@alliedmarketresearch.com
Phone:<\/strong> +1-503-894-6022
Address:<\/strong>5933 NE Win Sivers Drive, #205
City:<\/strong> Portland
State:<\/strong> OR
Country:<\/strong> United States
Website:<\/strong> https:\/\/www.alliedmarketresearch.com\/<\/a><\/p>\n

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“Allied Market Research” \u201cWorld Adhesives & Sealants Market: Opportunities and Forecasts, 2015\u20132022,\u201d the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. According to a new report … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-73433","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/73433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=73433"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/73433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=73433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=73433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=73433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}