Category : Chemicals and Materials | Published at : May-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global adhesives & sealants market size is projected to reach around US$ 80 Bn by 2027 and is anticipated to grow at a CAGR of around 5.1% in terms of revenue during the forecast period 2020 to 2027.
A sealant is a semi-solid substance used to avoid leakage, whereas an adhesive is a chemical mixture used for the contact between two materials. For both adhesives and screening additives, the processes and formulations are identical and are used in a number of applications. Both are known to be part of an enterprise, but in specific applications their implementations are distinct. Owing to its high tensile and shear strength, the adhesives are used for applications pertaining to retaining and binding. The sealants have a higher resilience, but are smaller than the adhesive in terms of strength, and they are used for resistance to relative substrate changes and to fill holes.
The report provides analysis of global Adhesives & Sealants market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
Growing adoption of lightweight motor cars with higher fuel performance and lowered emissions has powered worldwide sales of high-quality sticks. These adhesives are used for various automobile applications both indoors and outdoors. By replacing nuts and bolts, they can decrease weight and therefore increasing the fuel consumption of cars. As a result, improved adhesives with superior bonding capacities will replace conventional welding and other mechanical bonding methods.
Regional Stance
Asia Pacific held significant market share in 2019 and projected to govern the market amid the projected time span. The emergence of developing markets and promoting policies in the region would make Asia Pacific one of the main contributors. For example, the government of India's Make in India campaign seeks to increase passenger car production throughout the world to 9.4 Mn by 2026. However, the market for adhesives and screening products in Asia-Pacific is projected to experience tremendous growth over the forecast period due to rapid economic growth and urbanization in India and China. Demand growth is also driven by growth in numerous national end-use industries. The demand for modern buildings and business complexes with glass exterior is rising, which in turn drives growth on the global market for adhesives and sealants market.
Report coverage
The market research study on “Adhesives & Sealants Market (Adhesives & Sealants Market By Type: Hot melt, Solvent based, Water based, Reactive & other; Adhesives & Sealants Market By Application: PVA, Acrylic, Epoxy, Polyurethanes, Styrenic block, EVA, Other; Adhesives & Sealants Market By End User: Consumer, Automotive & Transportation, Building & Construction, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Adhesives & Sealants market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Adhesives & Sealants market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Adhesives & Sealants market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Adhesives & Sealants market is segmented as below:
Market Segmentation
Adhesives & Sealants Market By Type
- Hot melt
- Solvent based
- Water based
- Reactive & other
Adhesives & Sealants Market By Application
- PVA
- Acrylic
- Epoxy
- Polyurethanes
- Styrenic block
- EVA
- Other
Adhesives & Sealants Market By End User
- Consumer
- Automotive & Transportation
- Building & Construction
- Others
Adhesives & Sealants Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Players and Market Situation
Participants include major global players such H.B. Fuller, 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and Others.
With the top five companies responsible for about 30 per cent of the market, the demand for adhesives and sealants is fragmented.
Frequently Asked Questions
A sealant is a semi-solid substance used to avoid leakage, whereas an adhesive is a chemical mixture used for the contact between two materials.
Acumen Research and Consulting predict that, the global adhesives & sealants market size is expected to reach around US$ 80 Bn by 2027.
The global adhesives & sealants market size is projected to reach around US$ 80 Bn by 2027 and is anticipated to grow at a CAGR of around 5.1% in terms of revenue during the forecast period 2020 to 2027.
Asia Pacific held significant market share in 2019 and projected to govern the market amid the projected time span.
The Adhesives & Sealants market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Participants include major global players such H.B. Fuller, 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and Others.
Hot melt, Solvent based, Water based, Reactive & other are the types of adhesives & sealants market.
