Market Scope
The Adhesives and Sealant Market is expected to surge at decent pace to acquire considerable revenue by 2027. As per MRFR assessment, the adhesives and sealant market is expected to earn revenue by 2027.
Market Drivers and Restrains
The growing utility of adhesives and sealants in construction applications can support expansion of the market in the years to come. Excellent resistance to corrosion, low cost, and enhanced fatigue are benefits offered by adhesives and sealants that are observed to meet the increasing demand for construction solutions that offer homogeneous distribution, excellent flexibility, and high durability. The large-scale application of adhesives and sealant across construction, packaging, automotive, and furniture industry can also benefit the market.
Segmental Analysis
The segment assessment of the global adhesives and sealants market is based on application, technology, and product.
The technology-based segments of the global adhesive and sealant market are hot melt, water, solvent, and reactively based segments. The growing popularity of water-based adhesives and sealants and the introduction of advanced technologies contributing to their production can support the market rise in the year to come. The rise in pressure sensitive applications of water-based adhesives and sealants can prompt the market rise in the years to come.
The product-based segments of the adhesive and sealant market are acrylic, polyvinyl acetate, polyurethane, and epoxy among others. The acrylic segment can secure decent share of the worldwide adhesives and sealant market. The extensive utility of acrylic adhesive and sealants for grouting, caulking, embedding, and jointing in the construction sector can underpin the market augmentation. The polyurethane segment is set to surge at high CAGR through the review period as the upscaling demand for adhesive and sealant in automotive, packaging, and construction sectors.
The application-based segments of the adhesive and sealant market are automotive, pressure sensitive, packaging, construction, and furniture among others. The pressure sensitive segment is expected to lead the adhesive and sealant market in the near future. The growing application of adhesives in tapes or labels for increase in non-structural applications can benefit the market in the near future. In the construction industry, the increase in the utility of adhesive and sealants in flooring carpet laying, underlayment, countertop lamination, and ceramic tile among others, is expected to generate considerable revenue for the market.
Regional Analysis
In Asia Pacific, the adhesives and sealants market is expected to secure decent share of the global market owing to the increasing consumption of acrylic adhesives in construction, pressure sensitive, furniture, automotive, and packaging among others. The surge in the application of adhesives and sealants by end-user industries in Japan, and India can support expansion of the market in the years to come.
In North America, the adhesives and sealants market is expected to grow significantly over the review period. The rise in consumption of water-proof sealants for furniture and packaging sectors in the region can benefit the market in the years to come. The surge in investments by top-notch companies in to improve their product line as the end-consumers base is noted to expand, is likely to drive North America adhesive and sealant market during the forecast tenure. The upscaling consumption of high-temperature adhesives in automobile sector can prompt the market uprise in North America. The U.S., Canada, and Mexico are identified to contribute significantly to the market upsurge due to the growing awareness about excellent chemical resistance and flexibility offered by adhesives and sealants.
In the Latin American region, the adhesive and sealant market is estimated to rise at a gradual pace. The market expansion can be attributed to the increase in the consumption of composites and the surge in sales of eco-friendly products among people. In addition, the increase in the demand for silicone sealants by high end-use industries can favor MEA market rise.
Key Players
MRFR listed some eminent players that are operating in the global list of adhesives and sealants companies. They are
AVERY DENNISON CORPORATION (U.S.)
3M (Germany)
Ashland (U.S.)
BOSTIK SA (France.)
Beardow Adams (U.K.)
Eastman Chemical Company (U.S.)
The Dow Chemical Company (U.S.)
H.B. Fuller Company (U.S.)
Henkel AG & Co. KGaA (Germany)
and Ellsworth Adhesives (U.S.) among others.
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