A recent report published by Infinium Global Research on adhesives and sealants market provides in-depth analysis of segments and sub-segments in the global as well as regional adhesives and sealants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional adhesives and sealants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global adhesives and sealants market. According to the report, the global adhesives and sealants market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.
Adhesives majorly include polymers and incorporate various materials such as cement, glue, mucilage, and paste, and are a result of a chemical reaction. Whereas, a sealant is a soft, elastic material which changes state to adopt solid form after application. Adhesive and sealant are often grouped together, as they both are available in liquid form and are applied together on the surface of the material to adhere and seal them together. Adhesives are majorly used in the industry due to their bonding and holding properties and have high tensile and shear strength. However, sealants are chosen due to their ability to resist relative movement of the substrate, to fill gap thereby preventing air, noise, dust, fire and liquid penetration.
Globally the commercial applications of adhesives and sealants have increased significantly due to the substantial growth in application areas. The key factors driving the growth of adhesives and sealants market include expansion of the construction industry, growing transportation sectors, and rising demand in the automotive and packaging industry. The global adhesives and sealants market is anticipated to experience a rapid growth owing to the expanding infrastructure development in the emerging economies. Furthermore, the growing demand for adhesives from the automotive industry promotes the growth of silicone adhesives and sealants in the automotive sector. Adhesives are used to assemble metal, glass, plastics, rubber, and a variety of other materials instead of welding during the manufacture of automobiles, thus reducing the weight of the vehicles. However, the growth of the adhesive and sealants market is restrained by stringent government regulations and fluctuating prices of raw material used to manufacture adhesive and sealants. Nevertheless, the growing application of adhesives in the medical application are anticipated to bring new opportunities for leading players in this market over the forecast period.
Among the regions, Asia Pacific holds the largest share in the adhesives and sealants. The Asia Pacific accounted for more than 40% market share in the global adhesive and sealant market. Asia Pacific region is expected to continue its dominance over the forecast period owing to growing end user industries such as automotive, construction, and packaging across the region. Furthermore, the market in this region is projected to experience huge gains due to increased production from new players that are investing in developing new products and application areas for adhesives and sealants. Following the Asia Pacific, North America is the second largest market for adhesives and sealants and is anticipated to witness healthy CAGR of XX% over the forecast period. The growth of adhesive and sealants market in the North America region is attributed to high demand for water based adhesive formulation along with scope in furniture, footwear and pressure sensitive applications.
The report on global adhesives and sealants market covers segments such as type, fabrication technology, and application. On the basis of type, the sub-markets include acrylic polyurethane, polyvinyl acetate (PVA), epoxy, EVA, and other types. On the basis of fabrication technology, the sub-markets include water based, solvent based, hot melt & reactive, and other fabrication technology. On the basis of application, the sub-markets include building & construction, automotive & transportation, consumer goods, packaging, and others.
The report provides profiles of the companies in the market such as H.B. Fuller Company, ITW Performance Polymers, Sika AG, MAPEI S.p.A., RPM International Inc, DowDuPont, Henkel AG & Company, KGaA, Merck Group, The 3M Company, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of adhesives and sealants market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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