Adhesives and Sealants Market was valued at US$ 91.07 Bn. in 2021 and is expected to reach at US$ 129.8 Bn in 2029. Global Adhesives and Sealants Market size is expected to grow at a CAGR of 4.53 % through the forecast period.
Adhesives and Sealants Market Overview:
The competitive landscape of the Adhesives and Sealants Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ focus on the Adhesives and Sealants market.
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Adhesives and Sealants Market Scope:
This Adhesives and Sealants market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Adhesives and Sealants market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Adhesives and Sealants Market Segmentation:
Technology-wise, the water-based adhesives segment is anticipated to lead the market in 2021, holding the largest market share of xx%. This is because major end-user industries like construction and packaging are starting to shift to water-based adhesive products instead of solvent-based adhesives, which are much more likely to emit volatile organic compounds (VOCs). When the water in the formulation evaporates, a bond is formed between two substrates via a water-based adhesive. Because it comprises water instead of solvents—a factor related to the growing demand for industrial uses for packaging and bottling—the product is environmentally beneficial. When applying water-based adhesives, a premixed solution in powder form is often mixed with water. The resulting bond has excellent flexibility, low temperature bond strength, and low cost.
According to the Product, In terms of volume, the polyurethane segment is anticipated to increase at the fastest rate throughout the projected period—XX%. Polyurethane sealants are a common technology utilized in both new building and renovation projects. There are single and multi-component versions of these sealants available. Compared to silicone sealants, these sealants offer superior tentability, adhesion, and abrasion resistance. They are frequently utilized in construction, automobile, parking deck and sidewalk sealing, and marine applications. In the global adhesives and sealants market, all of these factors contribute to the rise of polyurethane sealants.
With the largest market share in 2021, the packaging category is leading the market in terms of application. High cohesive strength and weather resistance to water, rain, and other elements are provided by sealants. The product’s many uses in food delivery and packaging services should propel the sealant market’s expansion. Because sealants are widely used in the food industry, they offer resistance to UV light, low temperatures for freeze packing, and blocking for liquid products. These characteristics contribute to the market’s growth.
1. Global Adhesives and Sealants Market, By Technology (2022-2029)
• Water-based
• Solvent-Based
• Hot melt
• Reactive
2. Global Adhesives and Sealants Market, By Application (2022-2029)
• Pressure Sensitive
• Packaging
• Construction
• Furniture
• Others
3. Global Adhesives and Sealants Market, By Product (2022-2029)
• Acrylic
• PVA
• Polyurethane
• Styrenic Block
• Epoxy
• Others
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Adhesives and Sealants Market Key Players: The following are the key players of the Adhesives and Sealants market-
• 3M Co.
• Adhesive Technologies Corp.
• American Biltrite Inc.
• American Chemical Inc.
• Arkema Group
• Ashland Inc.
• Beardow & Adams Ltd
• Benson Polymers Ltd.
• DowDuPont
• Dymax
• Franklin International
• H.B. Fuller Co
• Henkel AG & Co. KGaA
• Huntsman Corp.
• ITW Performance Polymers
• Jowat AG
• LORD Corp.
• Mapei Spa
• Master Bond
• Ninghai Dingcheng Adhesive Co. Ltd.
• Permabond Engineering Adhesives Ltd.
• Pidilite Industries Ltd.
• Sika AG
• The Reynolds Co.
• Wacker Chemie AG
• Yokohama Industries
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Adhesives and Sealants Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Adhesives and Sealants Market: The research also addresses the impact of COVID-19 on the Adhesives and Sealants market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Adhesives and Sealants Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Adhesives and Sealants Market in the next years.
Key Questions Answered in the Adhesives and Sealants Market Report are:
- What will be the CAGR of the Adhesives and Sealants market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Adhesives and Sealants market?
- Which are the prominent players in the Adhesives and Sealants market?
- What key trends are likely to emerge in the Adhesives and Sealants market in the forecast period?
- What will be the Adhesives and Sealants market size by 2027?
- Which company held the largest share in the Adhesives and Sealants market in 2020?
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