Adhesives and Sealants Market Overview:
The adhesives and sealants market are poised to expand due to its widening range of applications in different industry verticals. Market Research Future (MRFR) has asserted in its latest report that the global adhesives and sealants market will witness intense competition and will grow significantly throughout the forecast period 2018 to 2024.
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 have 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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Industry Updates:
Jan 2018 APF which is a Phoenix-based maker of systems for concrete coating in commercial, industrial and residential applications along with a flooring product line has been bought by the ICP Group who has the backing of Audax Private Equity, the financial terms of the deal were not made available. This move is expected to add scale to ICP Construction’s existing business for floor coatings and will provide the group a manufacturing facility on the west coast. The acquisition of APF is the group’s 8th deal under the ownership of Audax.
Oct 2017 HB Fuller has confirmed its deal of acquisition of Royal Adhesives & Sealants from the associates of American Securities for the value of $1.575bn. HB Fuller which is a US-based manufacturer of adhesives company say the deal has come through after an agreement was reached and formalized between the parties in September. HB Fuller will gain enhanced expertise in specialty and high-value applications from this deal. Additionally, the unification of these two entities will enable expansion of their product range in construction adhesives, engineering and durable assembly.
Adhesives and Sealants Market Key Players:
The key players profiled by MRFR in its report for drawing a conclusive and comprehensive insight into the market include 3M (Germany), AVERY DENNISON CORPORATION (U.S.), BOSTIK SA (France.), Eastman Chemical Company (U.S.), H.B. Fuller Company (U.S.), Ashland (U.S.), Beardow Adams (U.K.), The Dow Chemical Company (U.S.), Ellsworth Adhesives (U.S.), and, Henkel AG & Co. KGaA (Germany) among others. The market tactics implemented by the prominent players of the market for multiplying their revenue generation include expansion of product portfolio, innovation, mergers & acquisitions, agreements, research & development activities, etc.
Adhesives and Sealants Market Regional Analysis:
By region, the global adhesives and sealants market has been segmented into Asia Pacific, North America, Europe, Latin America, and, Middle East & Africa. Asia Pacific market will witness intensified demand for acrylic adhesives across different industry verticals such as automotive, construction, packaging, furniture, etc. which will multiply the market revenue generation of adhesives and sealants market in the region. Furthermore, the dominance of pressure sensitive segment will enable the market expansion at a faster pace over the projection period. The primary contributors of revenue in the market will be China, India, and, Japan.
North America market will exhibit significant growth rate which can be ascribed to the elevated demand for waterproof sealants across different industries. The booming automotive sector has propelled the demand for high-temperature adhesives in the region which is one of the most significant factors contributing towards market growth in the region. The U.S., and, Canada will steer growth in the market through significant revenue generation.
Adhesives and Sealants Market Table Of Contents to be Continue…….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/adhesives-sealants-market-792
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