Adhesives and Sealants Market
Adhesives and Sealants Market Overview:
Adhesives and Sealants has been on an incremental growth pace. Market Research Future which deals with specialized market reports related to the chemicals and materials sector amongst others, lately published a report on this industry. The industry is expected to generate unparalleled revenues while evolving with a motivating CAGR percent.
Adhesives and Sealants incremental pace has been primarily due to the diversification in the number of application and the number of end users. Product development and R & D practices adopted by the industry have been beneficial to the progress of the market. Their applications in automobiles and waterproofing market have been the major sectors driving the growth of the market. Amplified usage of adhesives in the medical sector has added new growth prospects of the industry.
Adhesives and Sealants Market Key Players:
Adhesives and Sealants Market are: 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.
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Adhesives and Sealants Market Segmentation:
Adhesives and Sealants for handheld devices market is divided into sealants, adhesives, application, and region. On the basis of sealants, the adhesives and sealants for handheld devices market is segmented into silicone sealants, acrylic latex sealants, epoxy sealant, polyurethane sealant, butyl sealant, and others. Among all, silicone sealants give waterproof shield and suitable for internal and external applications in handheld devices. They also give excellent UV resistance and durability, color fastness, and clear grades to handheld devices. Butyl sealants are manufactured from rubber compound with selected fillers and plasticizers.
They used to provide excellent air-sealing and weatherproofing properties for lap sealing in handheld devices. This kind of sealant is the best choice in handheld application, where the combination of moisture and cold temperatures would cause the break-down of other sealants. These are permanently pliable, moisture resistant, non-paintable, non-skinning, and non-staining.
Adhesives and Sealants Market Industry Updates:
Jan 2018 APF which is a Phoenix-based maker of systems for concrete coating in commercial, industrial and residential applications along with a flooring product line has been bought by the ICP Group who has the backing of Audax Private Equity, the financial terms of the deal were not made available. This move is expected to add scale to ICP Construction’s existing business for floor coatings and will provide the group a manufacturing facility on the west coast. The acquisition of APF is the group’s 8th deal under the ownership of Audax.
Oct 2017 HB Fuller has confirmed its deal of acquisition of Royal Adhesives & Sealants from the associates of American Securities for the value of $1.575bn. HB Fuller which is a US-based manufacturer of adhesives company say the deal has come through after an agreement was reached and formalized between the parties in September. HB Fuller will gain enhanced expertise in specialty and high-value applications from this deal. Additionally, the unification of these two entities will enable expansion of their product range in construction adhesives, engineering and durable assembly.
Adhesives and Sealants Market Application:
Adhesives and Sealants are used to adhere different materials to form a single substance by binding them together and resisting their separation, whereas sealants are utilized to block the movement of fluids through openings or joints of a material. They offer excellent corrosion resistance at low cost, enhanced fatigue, and impact resistance to the product. Moreover, excellent flexibility, homogeneous distribution, and durable nature are the important trends and factors influencing the market confidently. Therefore, they are used in various applications such as pressure sensitive, construction, automotive, packaging, furniture, and others.
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Adhesives and Sealants Market, the water-based segment is the leading technology used in the market owing to its extensive consumption in the end-user industries such as pressure sensitive, construction, automotive, and others. The acrylic segment holds the major portion of the market and is expected to continue its dominance on account of the extensive use of the product for caulking, grouting, jointing, and embedding in the construction sector. It is predicted that the polyurethane segment is set to grow at a higher CAGR due to its growing demand for the product in the packaging, construction, and automotive sectors.
Adhesives and Sealants Market Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in adhesives and sealants for handheld devices market growth. North America holds the second position for adhesives and sealants for handheld devices market and is another profitable market in terms of value and volume after APAC. UK, Canada, and United Mexican States led the demand for adhesives and sealants for handheld devices in this region. Europe accounted for the third largest share in the global adhesives and sealants for handheld devices market. On the other hand, Latin America, Middle East & Africa is another growing market for adhesives and sealants for handheld devices and likely to show better growth rate over the forecast period.
Adhesives and Sealants Market Competitive Analysis:
The players in the segment are pursuing a substantial share of the market by effective application of their major resources to start long lasting growth changes. This has set off trends which are related to growth which are significantly volume driven. This has led to an increase in different ranges of product forms. The sector’s considerable transformation has enhanced the growth pace leading to experimentation with numerous advantage points. The industry’s long-term development can be capitalized upon by continual ongoing process improvements and maintaining financial fluidity to invest in the optimal strategies when they are decided.
The prominent players in this market are Ashland Inc, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd, 3M, B Fuller, Bolton Group B.V and Adco Global Inc to name a few of the competitors in the industry.
Adhesives and Sealants Market Table of Content to be Continue…….,
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