Global Adhesives and Sealants market is valued approximately at USD 56.47 Billion in 2018 and is anticipated to grow with a growth rate of more than 4.30% over the forecast period 2019-2026. The sealant is referred as semisolid material which is used for preventing leakages and on the other hand adhesives is a chemical mixture that is applied for joining two surfaces. The technological and chemicals formulated are same for adhesives and sealants both and are used for wide range of application regarding holding and bonding due to its other features such as shear strength and high tensile. The rise in trend of lightweight & low carbon emitting vehicles, rising adoption in building and construction sector and shift in preference to hot-melt adhesives are the factors accelerating the growth of market over the forecast years. For instance: As per inhouse analysis, USD 100.20 million lightweight vehicles where produced in 2019 and expected to reach 110.9 million till 2023. Whereas, environmental regulations in North America and Europe are the factors hamper the growth of family. However, Industrial Globalization acting as a potential change for market growth, rising opportunity for Indian market is a lucrative opportunity for the growth of market.
The regional analysis of global Adhesives and Sealants market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific accounts for the largest share in the global adhesives and sealants market due to the rising demand for adhesives and sealants from building & construction sector, automotive & transportation sector in the emerging economies such as India, China, South Korea and Malaysia. Whereas, the growing trend of lightweight and low carbon emitting vehicles in the Asia Pacific regions will accelerate the growth of market over the forecast years.
Market player included in this report are:
Henkel AG
H.B. Fuller
Sika AG
Huntsman Corporation
3M Company
Illinois Tool Works Inc.
Avery Dennison Corporation
DowDuPont Inc.
Wacker Chemie AG
Lord Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Formulating technology:
Water-based
Solvent-based
Hot melt
Reactive & others
By Application:
Paper & Packaging
Building & Construction
Woodworking
Automotive & Transportation
Others
By Resin Type:
Silicone
Polyurethane
Plastisol
Emulsion
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Adhesives and Sealants Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
