Adhesives & Sealants Market size – Global Industry Trends, Analysis, Regional Outlook, & Competitive Strategies |Global forecast to 2021.
The adhesives & sealants market is expected to grow from USD 49.50 Billion in 2016 to USD 63.50 Billion by 2021, at a CAGR of 5.11% between 2016 and 2021. Asia-Pacific region is estimated to witness highest growth during the forecast period.
Pune, India – May 2, 2017 /MarketersMedia/ —
“The adhesives & sealants market is projected to grow at a CAGR of 5.11% from 2016 to 2021”
The adhesives & sealants market is expected to grow from USD 49.50 billion in 2016 to USD 63.50 billion by 2021, at a CAGR of 5.11% between 2016 and 2021. Growing demand from applications, such as paper & packaging and building & construction is expected to fuel the growth of the adhesives & sealants market.
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“Paper & packaging is expected to be the largest segment of the market during the forecast period”
Paper & packaging is expected to be the largest application segment of the adhesives & sealants market during the forecast period. The growth of the segment is expected to be driven by increase in the demand from the consumer goods sector and the growing population resulting in a large end user base.
“Rising demand from Asia-Pacific is a key factor expected to drive the growth of the adhesives & sealants market”
Asia-Pacific region is the largest market for adhesives & sealants and is expected to witness the highest growth during the forecast period. Growing end use application markets and technological advancements are expected to fuel the growth of the market in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The break-up of the primary interviews is given below:
• By Company Type – Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation – C-level – 36%, Director-level – 28%, and Others – 36%
• By Region – Asia-Pacific – 46%, Europe – 27%, North America – 18%, South America, and Middle East & Africa – 9%
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Key companies profiled in this market research report include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik Ltd. (France), H.B. Fuller (Netherlands), Illinois Tool Works Inc. (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), and Franklin International (U.S.), among others.
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Source: MarketersMedia
Release ID: 192743
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