The latest market report published by Constancy Researchers “Global Adhesives and Sealants Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Adhesives and Sealants Market: Overview
The global adhesives and sealants market was valued at US$ 63,389.5 Million in 2020 and is estimated to grow at a CAGR of 5.1% during the forecast period. The global adhesives and sealants market is anticipated to witness substantial growth in the years to come due to the growing demand for adhesives and sealants from the construction & building industry along with increased appliances industry across the globe.The adoption of Industry 4.0 along with the increased investment for industrialization in the emerging economies are some other major factors for the growth of the adhesives and sealants market in the years to come. Moreover, the emergence of hybrid resins for the production of adhesives and sealants coupled with increased demand for eco-friendly products are some of the key opportunities for the global adhesives and sealants market over the upcoming years. Besides, the strict environmental regulations is one of key factors estimated to hamper the global adhesives and sealants market growth in the years to come.
Global Adhesives and Sealants Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global adhesives and sealants market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global adhesives and sealants market, the demand for adhesives and sealants has decreased due to haltin the manufacturing industry worldwide along with the decreased travelling during the COVID-19 period.
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Global Adhesives and Sealants Market: Report Highlights
- Based on the adhesives product type, the acrylic category had a substantial share in 2020 is estimated to witness growth at a high CAGR over the forecast period. This is ascribed to the increased demand for acrylic-based sealants used in the production of waterborne, heat resistant, and others.
- On the basis of sealants product type, the silicone category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. Besides, the acrylic category is estimated to witness high growth during the forecast period due to its favorable physical properties including good peal, tensile lap sheer strengths, and others.
- Based on the regional analysis, North America dominated the market in 2020 and is projected to at the substantial rate during the forecast period. This is majorly due to the presence of large number of players in the region along with the increased spending on construction activities. Besides, the Asia Pacific region is estimated to witness huge growth during the forecast period owing to rapid industrialization along with the growing manufacturing industry in the region.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global adhesives and sealants market.
- As per the research by Constancy Researchers Private Limited, the global adhesives and sealants market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Adhesives and Sealants Market
- Dow Chemical Company
- BASF SE
- Uniseal Inc.
- 3M Company
- Ashland Inc.
- Sika AG
- Avery Denison Corporation
- D. Industries Inc.
- Arkema
- Momentive Specialty Chemical Industries
- Beardow and Adams Limited
- Henkel AG & Co.
- Eastman Chemical Company
- B Fuller Company
- Others
Global Adhesives and Sealants Market: Segmentation
Constancy Researchers Private Limited has segmented the global adhesives and sealants market on the basis of technology,product type, application, and regional analysis-
Global Adhesives and Sealants Market:By Adhesives Technology
- Hot Melt
- Water-based
- Solvent-based
- Reactive & others
Global Adhesives and Sealants Market: By Adhesives Product Type
- Acrylic
- Polyurethanes
- PVA
- Epoxy
- Styrenic block
- EVA
- Other
Global Adhesives and Sealants Market: By Adhesives Application
- Pressure-sensitive applications
- Construction
- Packaging
- Furniture
- Automotive
- Footwear
- Others
Global Adhesives and Sealants Market: By Sealants Product Type
- Acrylic
- Silicones
- Polyvinyl acetate
- Polyurethanes
- Other
Global Adhesives and Sealants Market: By Sealants Application
- Pressure-sensitive Tapes
- Construction
- Packaging
- Assembly
- Automotive
- Consumer
- Others
Global Adhesives and Sealants Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
