Global Adhesives and Sealants Market was sized US$53.50 Bn in 2017 and is anticipated to reach US$75.88 Bn by 2026 at a CAGR of about 4.47 % during a forecast period.
Global Adhesives and Sealants market is segmented by Technology, Product, by Application and by region. In terms of Technology, Adhesives and Sealants market is segmented Water based, Solvent Based, Hot melt and Reactive. Acrylic, PVA, Polyurethane, Styrenic Block, Epoxy and Others are the Product segment of the Adhesives and Sealants market. Pressure Sensitive, Packaging, Construction, Furniture and Others are the application segment of the Adhesives and Sealants market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Adhesives are used to adhere different materials to form a single substance by binding them together and resisting their separation, whereas sealants are utilized to block the movement of fluids through openings or joints of a material. They offer excellent corrosion resistance at low cost, enhanced fatigue, and impact resistance to the product. Moreover, excellent flexibility, homogeneous distribution, and durable nature are the important trends and factors influencing the market confidently.
Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is owing to inkling of major end-user industries namely packaging and construction toward water-based adhesive products; as solvent-based adhesive products are highly prone to volatile organic compound (VOC) emissions.
The polyurethane segment is expected to grow at the highest CAGR during the forecast period. Polyurethane sealants provide better tintability, adhesion, and abrasion resistance than silicone sealants.
The packaging industry generates the highest revenue in the market whereas the transportation industry records the highest CAGR. The demand for adhesives in the packaging industry is growing, with higher end-user applications. Online retail shopping has increased at a higher rate with rising internet technologies and web applications, which has largely supported the growth of the packaging industry.
In Asia-Pacific adhesives & sealants market, adhesives generated over USD 26.5 billion and sealants about USD 5.5 billion, based on revenue, in 2017. Increase in the number of female workers, rise in dual income nuclear families, growth in disposable income, and higher per capita expenditure on social and cultural factors are a few factors fueling up the demand in the Asia-Pacific market. Also, there is a rise in the government funding for public welfare in the region.
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3M Co., Adhesive Technologies Corp., American Biltrite Inc., American Chemical Inc., Arkema Group, Ashland Inc., Beardow & Adams Ltd, Benson Polymers Ltd., DowDuPont, Dymax, Franklin International, H.B. Fuller Co., Henkel AG & Co. KGaA, Huntsman Corp., ITW Performance Polymers, Jowat AG, LORD Corp., Mapei Spa, Master Bond, Ninghai Dingcheng Adhesive Co. Ltd., Permabond Engineering Adhesives Ltd., Pidilite Industries Ltd., Sika AG, The Reynolds Co., Wacker Chemie AG, Yokohama Industries are key players included in the Adhesives and Sealants market.
This post was originally published on Raleigh Recorder