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Adhesives & Sealants Market by Adhesive Formulating Technology, Sealant Resin Type, Application, Region - Global Forecast to 2024

Adhesives & Sealants Market by Adhesive Formulating Technology, Sealant Resin Type, Application, Region - Global Forecast to 2024

  • September 2019
  • 221 pages
  • ID: 5026073
  • Format: PDF
  • By MarketsandMarkets

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The adhesives & sealants market is projected to grow at a CAGR of 4.6% between 2019 and 2024, in terms of value.

The adhesives & sealants market is projected to grow from USD 58.9 billion in 2019 to USD 73.8 billion by 2024, at a CAGR of 4.6% between 2019 and 2024. The rising demand for adhesives and sealants across various applications, such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others, is expected to drive the growth of the adhesives & sealants market. The environmental regulations in the North American and European countries regarding the production of chemical- and petro-based products are restraining the growth of the adhesives & sealants market.

Based on application, the paper & packaging segment is expected to lead the adhesives market during the forecast period.
The paper & packaging application accounts for the largest share in the adhesives & sealants market and is expected to remain the largest market segment between 2019 and 2024.The growth of this segment is expected to be driven by increased use of adhesives in a wide variety of paper bonding applications.

These applications range from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials.

The silicone-based resin segment is expected to grow at the highest CAGR during the forecast period.
Silicone sealants are very versatile products that have excellent resistance to UV radiation, ozone, and most chemicals.They offer good thermal stability, low-temperature flexibility, and long-term aging properties.

The formulations typically include adhesion promoters and fillers to increase flexibility and tensile strength. The use of these sealants in high-growth applications, including expansion joints between dissimilar materials, and for weather sealing in high-rise buildings, airport runways, and highways has also increased their demand.

APAC is expected to lead the adhesives & sealants market during the forecast period.
The APAC region is projected to lead the adhesives & sealants market from 2019 to 2024, in terms of value.APAC has emerged as one of the leading producers as well as consumers of adhesives & sealants due to the increasing domestic demand, rising income levels, and easy access to resources.

According to OICA, APAC led the vehicle production market in 2018.Automotive & transportation is one of the major application of adhesives & sealants in this region.

The economic growth in the APAC region, particularly in emerging markets, such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is contributing to the increase in the number of infrastructure projects, which is expected to drive the demand for adhesives & sealants in the building & construction application.

Breakup of Primary Interviews:
• By Company Type: Tier 1 – 60%, Tier 2 – 30%, and Tier 3 – 10%
• By Designation: C-Level Executives – 30%, Directors – 60%, and Others – 10%
• By Region: North America – 35%, Europe – 20%, APAC – 30%, South America – 5%, Middle East & Africa – 10%

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), Wacher Chemie Ag (Germany) are the key players operating in the adhesives & sealants market.

Research Coverage
This report provides detailed segmentation of the adhesives & sealants market on the basis of the adhesive formulating technology, sealant resin, application, and region.Based on formulating technology, the adhesives market has been segmented into water-based, solvent-based, hot-melt, and reactive & others.

Based on application, the adhesives market has been segmented into paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others.Based on resin type, the sealants market has been segmented into silicone, polyurethane, plastisol, emulsion, polysulfide, butyl, and others.

Based on application, the sealants market has been segmented into building & construction, automotive & transportation, consumer, and others. Based on region, the adhesives & sealants market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.

Reasons to Buy the Report
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), key players in the adhesives & sealants market, and company profiles. These insights together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the adhesives & sealants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on adhesives & sealants offered by top players in the adhesives & sealants market
• Product Development/Innovations: Detailed insights on upcoming technologies, research & development activities, and new product launches in the adhesives & sealants market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for adhesives & sealants across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the adhesives & sealants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the adhesives & sealants market

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