Adhesives and Sealants Market - Industry Trends, Outlook and Key Market Players


Posted August 28, 2019 by Pallavicoh

Adhesives and Sealants Market report categorizes global market by product type, application, and geography - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players

 
Adhesives are substances that possess properties capable of holding materials together in a functional manner that resists separation. Adhesives include cement, glue, paste and mucilage, which are used to hold objects together. Sealants are materials with adhesive properties that are used to seal, fill, waterproof, gaps, and joints between two surfaces. Owing to these properties, sealants are widely used in dental care to fill cavities. Moreover, due to high tensile and shear strength, adhesive are classified into two categories such as structural adhesive and nonstructural adhesives.
The chemicals formulation and technology involved in adhesive and sealants are similar. Water-based adhesive and silicon-based sealants are expected to hold a dominant position in the global adhesives and sealants market over the forecast, owing to the significant expected growth in the construction, packaging, and automobiles industries, which widely employ sealants and adhesives

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Adhesives and Sealants Market Outlook – Surging demand in Automobile and Construction Industry Augmenting Market Growth

Asia Pacific is expected to be one the major revenue contributors due to the presence of emerging economies and supportive government policies in the region. For instance, Make in India initiative by Government of India aims to boost the manufacturing of passenger vehicles to 9.4 million in the country, by 2026. Moreover, due to rampant economic growth and rapid urbanization in in India and China, the demand for adhesive and sealants in Asia Pacific, is expected to witness tremendous growth over the forecast period. The growth of the market is also fueled by burgeoning growth experienced in various end-use industries in the region. Demand for modern buildings and commercial complexes with glass exteriors is increasing, in turn driving growth of the global adhesive and sealants market.

Some of the key companies leading the market are 3M, The Dow Chemicals Company, Henkel AG & Co. KGaA, Avery Dennison, Royal Adhesives & Sealants LLC, Ashland Inc., Akzo Nobel NV, Arkema SA, BASF SE, Bemis Company Incorporated, Berry Plastics Corporation, RPM International, DuPont, and Evans Adhesive Corporation Limited, among others. Manufacturers are working closely with OEMs and R&D centers of major automotive players, to bridge the demand gap and offer tailored- products.

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Issued By Mr. Shah
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Business Address Coherent Market Insights 1001 4th Ave,
#3200
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Categories Advertising , Business , Marketing
Tags adhesives and sealants market
Last Updated August 28, 2019