According to IMARC Group latest report titled” Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 5% during 2014-2019. The Global Adhesives and Sealants Market to exhibit moderate growth during the next five years.
Market Trends & Drivers:
Adhesives and sealants are sticking agents utilized for attaching two or more surfaces. They are formulated from organic materials such as beeswax, tar, tree sap, and inorganic, acrylic-, polyurethane- and silicone-based materials. Adhesives are applied for holding, fastening and binding two or more objects and materials due to their high shear and tensile strength. On the other hand, sealants are semi-solid materials used to prevent fluid leakage by sealing various components and joints.
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The global adhesives and sealants market is primarily driven by their increasing applications in the automotive, aerospace, construction, electronics and packaging industries. In the construction industry, they are utilized for flooring, waterproofing and plumbing applications. They also have broad applications in the medical, dentistry and pharmaceutical fields. Besides this, these binding agents are replacing mechanical fasteners, such as welds, screws, rivets, gaskets and fasteners. Furthermore, manufacturers are making extensive investments in research and development (R&D) activities to manufacture green or bio-based adhesives by utilizing sustainable and eco-friendly compounds. These factors are expected to create a positive impact on the market growth.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 3M Company
- Arkema S.A
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Eastman Chemical Company
- B. Fuller Company
- Henkel AG & Co. KGaA
- Sika AG and Wacker Chemie AG.
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on Region, Adhesive Type, Sealant Type, Technology and Application.
Market Breakup by Adhesive Type:
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block Copolymers
- Epoxy
- EVA
- Others
Market Breakup by Sealant Type:
- Acrylic
- Silicone
- Polyurethane
- Butyl
- Others
Market Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot Melt
- Reactive
- Others
Market Breakup by Application:
- Paperboard and Packaging
- Building and Construction
- Transportation
- Leather and Footwear
- Furniture
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/adhesives-sealants-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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