Adhesives and Sealants Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of adhesives and sealants market by type (acrylic polyurethane, polyvinyl acetate, epoxy, EVA), fabrication technology (water, solvent based, hot melt & reactive), application (building & construction, automotive & transportation, consumer goods) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the adhesives and sealants market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global adhesives and sealants market are 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 global adhesives and sealants market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.
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Adhesives and Sealants Market: Drivers, Restrain and Opportunities
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.
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Asia Pacific Accounted for More than 40% Adhesives and Sealants Market
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.
Adhesives and Sealants Market: Segmentation
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.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the adhesives and sealants.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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