The Adhesives & Sealants Market size is projected to grow at a CAGR 3.49% rate during the forecast period. The increasing use of adhesives & sealants in various applications, such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others is driving the growth of the adhesives & sealants market.
The reactive & others formulating technology segment accounts for the fastest growth of the adhesives market. The unique characteristics of the reactive adhesives and the advanced technology required to handle and dispense them make them popular among manufacturers and end users. Reactive adhesives can be modified for creating various unique properties, such as multiple degrees of conductivity, thereby offering exceptional thermal or electrical resistance, differing cure profiles, and unique optical properties.
The automotive & transportation segment is expected to grow at the highest CAGR, in terms of value, during the forecast period, owing to an increase in the demand for lightweight, efficient, and eco-friendly cars.
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. They are commonly used in automotive, parking deck & sidewalk sealing, construction, and marine applications.
APAC region is expected to grow at the highest CAGR during the forecast period. The rising demand for adhesives & sealants from building & construction, automotive & transportation, and leather & footwear applications from India, China, South Korea, Malaysia, Vietnam, Taiwan, Indonesia, among other countries in the region, is projected to drive the growth of the adhesives & sealants market in the region. China is expected to lead the demand for adhesives & sealants in the APAC region during the forecast period.
key market players include Henkel (Germany), H. B. Fuller (US), Sika (Switzerland), Arkema (France), Huntsman Corporation (US), 3M Company (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), DowDuPont Inc. (US), and Wacher Chemie Ag (Germany).
Key questions addressed by the report
· What are the major developments impacting the market?
· What are the upcoming technologies in the adhesives & sealants market?
· What will be the major factors impacting market growth during the forecast period?
· What are the driving factors, opportunities, restraints, and challenges that affect the growth of the market?
· What will be the emerging applications of the adhesives & sealants market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Limitations and Assumptions
3. Market Dynamics
3.1.1.Growing Trend of Lightweight and Low Carbon-Emitting Vehicles
3.1.2.Increasing Demand for Adhesives and Sealants From the Building & Construction Industry
3.1.3.Shift in Preference to Hot-Melt Adhesives
3.1.4.High Demand for Adhesives and Sealants in APAC
3.2.1.Environmental Regulations in North America and Europe
3.2.2.Shifting Rules and Changing Standards
3.2.3.Global Sluggish Economic Growth
3.2.4.Trade Tension Between China and the US
3.3.1.Industrial Globalization Acting as A Potential Change for Market Growth
3.3.2.Increasing Opportunities in the Indian Market
3.3.3.Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives
3.3.4.Development of Hybrid Resins for Manufacturing High-Performance Adhesives and Sealants
4. Adhesives Market, By Formulating Technology
4.1. Water based adhesives
4.1.1.PVA Emulsion Adhesives
4.1.2.PAE Emulsion Adhesives
4.1.3.VAE Emulsion Adhesives
4.2. Solvent based adhesives
4.2.1.Styrene-Butadiene Styrene Rubber (SBSR) Adhesives
4.2.2.Chloroprene Rubber (CR) Adhesives
4.2.3.Polyvinyl Acetate (PVA) Adhesives
4.3. Hot-melt based adhesives
4.3.2.Styrenic Block Copolymer (SBC)
4.3.4.Amorphous Poly Alpha Olefins (APAOS)
4.4. Reactive and other adhesives
4.4.4.Modified Acrylate & Methyl Methacrylate (MMA) Adhesives
5. Adhesives Market, By Application
5.1. Paper and packaging
5.2. Building and construction
5.4. Automotive and Transportation
5.5. Consumer and DIY
5.6. Leather and footwear
6. Sealants Market, By Resin Type
7. Sealants Market, By Application
7.1. Building and Construction
7.2. Automotive and Transportation
7.3. Consumer sealants
8. Adhesives and Sealants Market, By Region
8.1. North America
8.2.7.Rest of Europe
8.3. Asia Pacific
8.3.6.Rest of APAC
8.4. Rest of the World
8.4.2.Middle East and Africa
9. Company Profiles
9.1. Leading Companies in Adhesives and Sealants Market
9.1.1.Henkel AG & Company
9.1.6.Illinois Tool Works Inc.
9.1.7.Avery Dennison Corporation
9.1.9.Royal Adhesives & Sealants, LLC
9.1.10. Franklin International
9.2. Other Companies in Adhesives and Sealants Market
Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports