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Adhesives & Sealants Market by Adhesive Technology, Sealant Resin, Application And Region - Global Forecasts to 2023

Adhesives & Sealants Market: Global Forecasts until 2023

  • August 2018
  • 189 pages
  • ID: 5026073
In this report:
The production of passenger vehicles, commercial vehicles, three wheelers, and two-wheelers has increased by ##.##% between April 2017 and February 2018 in the country.
According to OICA 2017, vehicle production was ##.## million units in 2017, with a growth of ##.##% in comparison to 2016.
According to OICA, the automotive production in Europe increased by ##.##% in 2017 in comparison to that in 2016.

Summary

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The adhesives & sealants market is estimated to rise at a compound annual growth rate of ~4.9 percent between 2018 and 2023, in terms of value significance.

The adhesives & sealants market is forecasted to grow from ~$56.6B in 2018 to ~$72.0B by 2023, at a compound annual growth rate (CAGR) of ~4.9 percent between 2018 and 2023. The increasing demand for adhesives and sealants across different applications, including paper & packaging, building & construction, woodworking, client/DIY, automotive & transportation, leather & footwear, assembly, and others, is predicted to push the increase of the adhesives & sealants market. The environmental regulations in North American and European countries concerning the production of chemical- and petro-based products are selecting the rise of the adhesives & sealants market.

Established on application, the paper & packaging segment is anticipated to lead the adhesives & sealants market during the estimate period.

The paper & packaging application accounts for the biggest share in the adhesives & sealants market and is anticipated to remain the biggest market segment between 2018 and 2023.

The increase of this segment is anticipated 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 big industrial tubes and cores used by manufacturers of roll goods and other materials.

The Asia Pacific area is forecast to lead the adhesives & sealants market during the outlook period.

The Asia Pacific area is forecasted to dominate the adhesives & sealants market from 2018 to 2023, in terms of value importance.APAC has emerged as one of the leading producers as well as consumers of adhesives & sealants due to the growing domestic demand, increasing income levels, and easy access to resources.

According to OICA, Asia-Pac led the vehicle production market in 2017.Automotive & transportation sector is one of the main applications of adhesives & sealants in this area.

The economic increase in the Asia-Pacific regions, particularly in emerging markets including India, Taiwan, Indonesia (ID), Malaysia (MY), Thailand (TH), and Vietnam (VN), is helping to the growth in the number of infrastructure projects, which is predicted to push the demand for adhesives & sealants in the building & construction application.

Breakup of Primary Interviews:

• By Company category: Tier 1 - 30.0 percent, Tier 2 - 42.0 percent, and Tier 3 - 28.0 percent

• By Description: C-suite executives - 32.0 percent, Directors - 38.0 percent, and Others - 30.0 percent

• By Area: Asia Pacific (APAC) - 55.0 percent, North America (NA) - 17.0 percent, EU - 15.0 percent, South America area - 9.0 percent, and Middle East (ME) & African continent - 4.0 percent

Henkel, Sika, Arkema, H.B. Fuller, Huntsman, 3M, and Illinois Tool Works.re the top players operating in the adhesives & sealants market.

Segment Research

This industry report offers in-depth segmentation of the adhesives & sealants market based on adhesive formulating technology, sealant resin, application, and area.Established on adhesive formulating technology, the adhesives & sealants market has been divided into water-based, solvent-based, hot-melt, and reactive & others.

Established on application, the adhesives & sealants market has been broken down into paper & packaging, building & construction, woodworking, customer/DIY, automotive & transportation, leather & footwear, assembly, and others.Established on sealant resin, the adhesives & sealants market has been split into silicone, polyurethane, plastisol, emulsion, polysulfide, butyl, and others.

Established on application, the adhesives & sealants market has been divided into building & construction, automotive & transportation, client, and others. Established on area, the adhesives & sealants market has been broken down into Asia Pacific, Europe (EU), North America continent, South America region, and the Middle East (ME) & African continent.

Reasons to Buy the Report

From an insight prospect, this market research has emphasized several levels of analyses - industry, top players in the adhesives & sealants market, and company descriptions. These insights together comprise and discuss basic views on the competitive landscape; coming out and high-growth segments of the adhesives & sealants market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on adhesives & sealants provided by key players in the adhesives & sealants market

• Product Development/Modernizations: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the adhesives & sealants market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the sector for adhesives & sealants across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the adhesives & sealants market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the adhesives & sealants market

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