Market Insights:

The adhesives and sealants market is poised to expand due to its widening range of applications in different industry verticals. Market Research Future (MRFR) has asserted in its latest report that the global adhesives and sealants market will witness intense competition and will grow significantly throughout the forecast period 2016 to 2024.

Adhesives and sealants have become an indispensable part of industries such as construction, packaging, automotive, etc. and the bullish trend demonstrated by these industries is fueling market growth for adhesives and sealants globally. Other factors that are influencing the growth of the market are its characteristics such as extensive flexibility, durability, resistance, corrosion, enhanced fatigue, homogenous distribution, etc.

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Market Segmentation:

By technology, the global adhesives and sealant market has been segmented into water based, solvent based, hot melt, and, reactively based. The water-based segment generates the highest amount of revenue and is projected to perpetuate its supremacy over the next couple of years.

By product, the global market for adhesives and sealant is segmented into acrylic, polyurethane, polyvinyl acetate, epoxy, and, others. The steep rise of the growth of the acrylic segment can be ascribed to its excessive consumption in the construction sector. The polyurethane segment will witness an upswing in the market expansion at a comparatively higher CAGR due to its growing demand in different industry verticals such as packaging, construction, automotive, etc.

Regional Analysis:

By region, the global adhesives and sealants market has been segmented into Asia Pacific, North America, Europe, Latin America, and, Middle East & Africa. Asia Pacific market will witness intensified demand for acrylic adhesives across different industry verticals such as automotive, construction, packaging, furniture, etc. which will multiply the market revenue generation of adhesives and sealants market in the region. Furthermore, the dominance of pressure sensitive segment will enable the market expansion at a faster pace over the projection period. The primary contributors of revenue in the market will be China, India, and, Japan.

North America market will exhibit significant growth rate which can be ascribed to the elevated demand for waterproof sealants across different industries. The booming automotive sector has propelled the demand for high-temperature adhesives in the region which is one of the most significant factors contributing towards market growth in the region. The U.S., and, Canada will steer growth in the market through significant revenue generation.

Competitive Dashboard:

The key players profiled by MRFR in its report for drawing a conclusive and comprehensive insight into the market include 3M (Germany), AVERY DENNISON CORPORATION (U.S.), BOSTIK SA (France.), Eastman Chemical Company (U.S.), H.B. Fuller Company (U.S.), Ashland (U.S.), Beardow Adams (U.K.), The Dow Chemical Company (U.S.), Ellsworth Adhesives (U.S.), and, Henkel AG & Co. KGaA (Germany) among others. The market tactics implemented by the prominent players of the market for multiplying their revenue generation include expansion of product portfolio, innovation, mergers & acquisitions, agreements, research & development activities, etc.

Industry Developments:

Ames Research, which is a leading manufacturer and supplier of waterproof coatings and sealants, has launched Ames® Barn Roof Sealer™.

India’s paramount flexible packaging materials and solution company Uflex Ltd has launched FLEXBON 00512 which is a general performance and single component solvent-less PU adhesive.

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