Adhesives and Sealants Industry Global Market Analysis, Growth Opportunities, Share Report, Business Size, Demand & Supply by 2024
Global Adhesives & Sealants Market Research Report: by Technology (Water Based, Solvent Based), Product (Acrylic, Polyurethane, Polyvinyl Acetate, Epoxy), Application (Pressure Sensitive, Construction, Automotive) – Forecast till 2024
Pune, India – July 1, 2019 /MarketersMedia/ —
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 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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Adhesives and Sealants Market Key Players:
The noteworthy players in this market are;
• Ashland Inc, Avery Dennison Corporation, BOSTIK SA (France)
• The Dow Chemical Company (U.S.)
• Eastman Chemical Company (U.S.)
• Ellsworth Adhesives (U.S.)
• H.B. Fuller Company (U.S.)
• Henkel AG & Co. KGaA (Germany)
3M, B Fuller, Bolton Group B.V, Beardow & Adams (Adhesives) Ltd and Adco Global Inc to name a few of the competitors in the industry.
Adhesives and Sealants Market Segments:
By technology, the global adhesives and sealant market has been segmented into water based, solvent based, hot melt, and, reactively based. The water-based segment generates the highest amount of revenue and is projected to perpetuate its supremacy over the next couple of years.
By product, the global market for adhesives and sealant is segmented into acrylic, polyurethane, polyvinyl acetate, epoxy, and, others. The steep rise of the growth of the acrylic segment can be ascribed to its excessive consumption in the construction sector. The polyurethane segment will witness an upswing in the market expansion at a comparatively higher CAGR due to its growing demand in different industry verticals such as packaging, construction, automotive, etc.
By application, the market is segmented into pressure sensitive, construction, automotive, packaging, furniture, and, others. The pressure sensitive segment accounts for 25% of the market size and is poised to lead the market throughout the assessment period. The growing application of adhesives and sealants in the construction sector will catapult the CAGR of the construction segment.
Adhesives and Sealants Market Regional Analysis:
The adhesives & sealants market consists of regions such as Europe, Asia Pacific, North America, the Middle East & Africa and Latin America. The Asia Pacific region controls a considerable portion of the market owing to the increasing consumption of acrylic adhesives in pressure sensitive, automotive, construction, furniture, packaging, and others. The pressure sensitive segment controls a principal portion and is expected to carry on its dominance of the market due to mounting demand for the market from the end-user industries for the duration of the forecast period.
The North American region is also demonstrating significant growth owing to an amplified consumption of water-proof sealants in furniture, packaging, and other related sectors. It is expected that rising investments in the end-user industries are likely to drive the market in the region during the forecast period. The rising use of high-temperature adhesives in pressure sensitive and automotive segments have motivated market growth in various countries in the region. On the other hand, the European market has perceived a steady growth rate owing to the application of new rules and regulations proposed by the government. These factors have encouraged the manufacturers and investors to shift their focus to eco-friendly products in nations such as the Germany, U.K, Italy, and France.
Adhesives and Sealants Market Table of Content:
1. Executive Summary
2. Scope of the Report
3. Market Research Methodology
4. Market Landscape
5. Industry Overview of Global Adhesives and Sealants for Handheld Devices Market
Adhesives and Sealants Market Table of Content to be Continue…….,
Adhesives and Sealants Market List of Table to be Continue…….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/adhesives-sealants-market-792
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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