Global Adhesives & Sealants Market, Resin Type (Acrylics, Epoxy, Poly Vinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinly Acetate (EVA), Silicone), Technology (Water based, Solvent based, Hot Melt, UV Cured), Application (Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Consumer/DYI, Leather and Footwear, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The adhesives & sealants market is expected to witness market growth at a rate of 5.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on adhesives & sealants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from the end use industries is escalating the growth of adhesives & sealants market.
Adhesives refer to the substances that assist in binding two objects to make it firm and tough and sealants are utilized as a hard coating on a permeable surface or it can be utilized for blocking the passage of fluid. The adhesives and sealants are widely used in numerous applications such as building & construction, paper & packaging, transportation and construction among others.
The expansion of the appliance industry across the globe acts as one of the major factors driving the growth of adhesives & sealants market. The rise in demand from automotive, construction, pressure-sensitive, packaging, furniture and footwear applications and increase in penetration of lightweight passenger cars with higher fuel economy and lower emissions growing the sales of high-performance adhesives in automotive sector accelerate the market growth. The increase in the usage of adhesives in in both interior and exterior automotive applications and rise in demand for attaching drywall, fixtures to walls, bathroom flooring, tiling applications, ceiling applications and molding applications in the construction sector further influence the market growth. Additionally, rapid urbanization and industrialization, research and development activities, surge in investments and expansion of end user industries extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, environmental regulations in North America and Europe are expected to obstruct the market growth. Shifting rules and changing standards are projected to challenge the adhesives & sealants market in the forecast period of 2021-2028.
This adhesives & sealants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on adhesives & sealants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Adhesives & Sealants Market Scope and Market Size
The adhesives & sealants market is segmented on the basis of resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the adhesives & sealants market is segmented into acrylics, epoxy, poly vinyl acetate (PVA), polyurethane (PU), styrenic block, ethyl vinly acetate (EVA) and silicone.
- On the basis of technology, the adhesives & sealants market is segmented into water based, solvent based, hot melt and UV cured.
- On the basis of application, the adhesives & sealants market is segmented into paper and packaging, building and construction, woodworking, automotive and transportation, consumer/DYI, leather and footwear and others.
Global Adhesives & Sealants Market Country Level Analysis
The adhesives & sealants market is analyzed and market size, volume information is provided by country, resin type, technology and application as referenced above.
The countries covered in the global adhesives & sealants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the adhesives & sealants market due to the presence of a large number of end-use industries and rising construction spending in U.S. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in manufacturing output and supportive government policies in the region.
The country section of the flock adhesives & sealants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adhesives & Sealants Market Share Analysis
The adhesives & sealants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adhesives & sealants market.
The major players covered in the adhesives & sealants market report are 3M, Huntsman International LLC, Dow, H.B. Fuller Company., Henkel Adhesives Technologies India Private Limited, MAPEI S.p.A, H.B. Fuller Company, Bostik, Baxter., Eastman Chemical Company, Exxon Mobil Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.