Adhesives and Sealants Industry Potential Growth, Share, Demand and Analysis of Key Players Research Forecasts to 2027


Posted July 21, 2021 by chemical_industry

The market for adhesives and sealants has been on an incremental growth pace. Market Research Future which deals with specialized market reports related to the chemicals and materials sector amongst others, lately published a report on this industry.
 
Adhesives and sealants Market Top Key Players
Some of the prominent players operating in the global adhesives & sealants market are 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.

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Adhesives and sealants Market Analysis
The market for adhesives and sealants has been on an incremental growth pace. Market Research Future which deals with specialized market reports related to the chemicals and materials sector amongst others, lately published a report on this industry. The industry is expected to generate unparalleled revenues while evolving with a motivating CAGR per cent.
The sealants and adhesives incremental pace has been primarily due to the diversification in the number of application and the number of end users. Product development and R & D practices adopted by the industry have been beneficial to the progress of the market. Their applications in automobiles and waterproofing market have been the major sectors driving the growth of the market. Amplified usage of adhesives in the medical sector has added new growth prospects of the industry.
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Regional Analysis

The adhesives & sealants market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing consumption of acrylic adhesives in pressure sensitive, construction, automotive, packaging, furniture, and others. The pressure sensitive segment holds the major portion and is anticipated to continue its dominance in the market due to increasing demand for adhesives & sealants from the end-user industries during the forecast period. Therefore, countries such as China, Japan, and India are the major players in this market.
The North American region is growing significantly due to an increased consumption of water-proof sealants in packaging, furniture, and others. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of high-temperature adhesives in automotive and pressure sensitive segments has propelled market growth in various countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide excellent flexibility and chemical resistance to the product.
The European market has observed a steady growth due to the implementation of new rules and regulations proposed by the government to follow composites rather than metals in the industry. A few years back, the market growth was hindered by the toxic nature and volatile organic compound (VOCs) emitted by solvent-based adhesives in the industries. In order to counter this problem, the water-based adhesives are developed due to innovation and technological advancement in the segment. These factors have prompted the manufacturers and investors to shift their focus to eco-friendly products in countries such as the U.K, Italy, Germany, and France.
The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of composites and raising awareness of eco-friendly products in the industry. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for silicone sealants in the end-use industries.


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Tags adhesives and sealants industry , adhesives and sealants market , adhesives and sealants market size
Last Updated July 21, 2021