IMARC Group’s latest report, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on adhesives and sealants market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global adhesives and sealants market reached a value of US$ 59.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 81.1 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.
Adhesives and sealants are sticking agents employed to attach, bind, and fasten two or more surfaces. They are manufactured using various organic and inorganic compounds, including acrylic-, polyurethane-, and silicone-based materials. Adhesives and sealants have high shear and tensile strength, due to which they are commonly used on metals, wood, glass, and plastics. They also fill the gaps between substrates, which act as a barrier or protective coating, thereby preventing fluid leakage.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Adhesives and Sealants Market Trends:
The global adhesives and sealants market is primarily driven by its extensive use in the construction industry for flooring, waterproofing, and plumbing applications. Adhesives and sealants also find diverse applications in both interior and exterior automotive applications. These binding agents are utilized to replace mechanical fasteners like welds, screws, rivets, gaskets and fasteners. As a result, product manufacturers are introducing lightweight and compact components for use in modern automobiles. Furthermore, with the rising environmental concerns, manufacturers are introducing environment-friendly alternatives, such as water-based adhesives and organic solvents, that exhibit high bonding strength.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 3M Company
- Arkema S.A
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Eastman Chemical Company
- B. Fuller Company
- Henkel AG & Co. KGaA
- Sika AG
- Wacker Chemie AG
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on region, adhesive type, sealant type, technology and application.
Breakup by Adhesive Type:
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block Copolymers
- Epoxy
- EVA
- Others
Breakup by Sealant Type:
- Acrylic
- Silicone
- Polyurethane
- Butyl
- Others
Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot Melt
- Reactive
- Others
Breakup by Application:
- Paperboard and Packaging
- Building and Construction
- Transportation
- Leather and Footwear
- Furniture
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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