Reports and Data have recently published a novel report on the global Adhesives and Sealants market to provide details about ongoing and upcoming activities in the Adhesives and Sealants industry. The global market is expected to reach USD 81.2 Billion by the year 2027 from USD 55.7 Billion in 2019 with a CAGR of 5.13%. The research report offers in-depth information about market share, market size, revenue growth, drivers, restraints, limitations, growth opportunities, and top companies in the market.
Glass building construction requires the use of sealants in the panels, for a stable structure. The main challenge the industry faces are the volatile cost of the raw material used for the production of adhesive and sealant products. The market is mainly driven by the robust growth and demand in the packaging industry due to the enormous demand and rise of the food and package industry. The market can be hindered by stringent regulations regarding VOC emissions.
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Market Overview:
The materials and the chemical market is rapidly expanding in terms of revenue in recent years and over the forecast period owing to increasing demand for raw materials and chemicals for various industrial applications such as paper and paint, food and beverages, healthcare and pharmaceutical, manufacturing, construction, and agriculture. Revenue growth of the global Adhesives and Sealants market is attributed to factors such as rapid industrialization and urbanization, increasing awareness about green energy, rising inclination towards eco-friendly and biodegradable products, and rising presence for packaged food. In addition, increasing investments in research and development activities, rising disposable income, and increasing demand for products such as soaps, detergents, perfumes for daily usage are fueling the market growth.
Competitive Landscape:
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Adhesives and Sealants market is extremely competitive and comprises of key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
The top 10 leading companies profiled in the report include 3M Company, Arkema, Dow Chemical Company, H.B. Fuller, Henkel, Bostik, RPM International Inc., Sika AG, Ashland Inc., BASF AG, among others.
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What is the expected market size of the global Adhesives and Sealants market during the forecast period?
Which key factors are expected to fuel market growth throughout the forecast period?
Which factors are expected to hamper the growth of the global Adhesives and Sealants market between 2021 and 2028?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
Which region is expected to register the fastest revenue CAGR over the forecast period?
Which leading players are operating in the global Adhesives and Sealants market?
What are the key outcomes of SWOT analysis and Porter’s Five Force model?
For the purpose of this report, Reports and Data have been segmented into the global Adhesives and sealants market on the basis of Adhesive Technology, Resin type, end-use industry, and Region:
Adhesive Technology Outlook (Revenue, USD Billion; Volume, Kilo Ton); 2017-2027)
Water-Based
Solvent-Based
Hot-Melt
Reactive
Others
Resin Type Outlook (Revenue, USD Billion; Volume, Kilo Ton); 2017-2027)
Silicone
Acrylic
Polyvinyl Acetate
Polyurethane
Others
End-Use Industry Outlook (Revenue, USD Billion; Volume, Kilo Ton); 2017-2027)
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
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Adhesives and Sealants Market Segmentation Based on Regions:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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