Market Research Report
Adhesives and Sealants Market Size By Technology, Product, Application, Sealants Market Size, Product, Application Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026
|Published by||Global Market Insights Inc.||Product code||930180|
|Published||Content info||210 Pages
Delivery time: 2-3 business days
|Adhesives and Sealants Market Size By Technology, Product, Application, Sealants Market Size, Product, Application Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026|
|Published: March 23, 2020||Content info: 210 Pages||
Adhesives and Sealants Market Size By Technology (Water based, Solvent based, Hot melt, Reactive & other), By Product (Acrylic, PVA, Polyurethanes, Styrenic block, Epoxy and EVA), By Application (Pressure sensitive applications, Packaging, Construction, Furniture, Footwear and Automotive), Sealants Market Size By Product (Silicone, Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), By Application (Construction, Automotive, Packaging, Assembly, Pressure Sensitive Tapes, Consumers) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
With the increasing use of adhesives & sealants in various applications across the packaging, construction, and automotive sectors, the adhesives and sealants market is expected to witness a lucrative rate of growth over the forthcoming time period. Adhesive is a substance which is capable of holding two surfaces together in a permanent and strong manner. Sealant is a substance which is capable of attaching to two surfaces, thereby filling the space between them to give a protective coating.
They are often considered together since they adhere and seal and are resistant to their respective operating environments. The two also share numerous common characteristics.
The adhesives market is bifurcated in terms of technology, product, application, and regional landscape.
Based on technology, the market is classified into hot melt, solvent based, water based, reactive, and other. Solvent based segment will witness around 2.5% CAGR owing to its superior binding attributes with different materials. Reactive & other segment will witness around 4.5% CAGR and will exhibit substantial growth throughout the estimated timeframe.
With respect to product, the market is divided into EVA, acrylic, epoxy, PVA, polyurethanes, styrenic block, and others which includes polyisobutylene, silicones. Among these, the PVA segment will witness around 4.0% CAGR owing to beneficial features including good smoothness, property of protective colloid, air barrier properties, oil and solvent resistance, and abrasion resistance.
Polyurethanes held a share of over 12% market share in 2019. Epoxy will witness around 3.7% CAGR over the projected time period. EVA will witness around 5.5% CAGR owing to rising demand in packaging industry.
Based on application, the market is segmented into footwear, packaging, automotive, construction, furniture, pressure sensitive applications, and other. Packaging applications will witness around 4.2% CAGR over the projected time period. Construction held a share of over 15.0% in 2019 owing to rising infrastructure development across the world.
Footwear held a share of over 6.0% in 2019 and is likely to show appreciative growth. Automotive sector will witness around 5.7% CAGR owing to rising demand for shared mobility services. Other segment holds over 12% share in global market.
From a regional frame of reference, the North America adhesives market will witness over 3.5% CAGR through the projected time period. Asia Pacific region will witness around 6.0% CAGR owing to rising automotive industry. LATAM will witness around 5.9% CAGR. MEA has a share of over 1% owing to growing construction sector in overall adhesives market.
The sealants market is segmented in terms of product, application, and regional landscape.
Based on product, the market is classified into acrylic, silicones, polyvinyl acetate, polyurethanes, and others which includes EVA, polysulphide, etc. Silicones will witness around 5.4% CAGR owing to persuading characteristics including low thermal conductivity, chemical reactivity, toxicity and superior thermal stability.
Polyurethanes holds a share of over 2% and is anticipated to rise appreciatively over the projected time. Polyvinyl acetate will witness around 4.5% CAGR over the projected time period. Others segment holds a share of over 2%.
With respect to application, the market is categorized into consumers, construction, automotive, packaging, assembly, pressure sensitive tapes, and others. Among these, automotive will witness around 3.9% CAGR and is expected to drive the growth at a steady rate. Packaging holds a share of over 2% owing to rising demand from FMCG sector. Assembly will witness around 3.9% CAGR over the coming years.
The pressure sensitive tapes hold a share of over 2% owing to rising demand from the packaging industry. Consumers segment will witness around 3.9% CAGR. Other segment represents a share of over 1.5% and will continue to show appreciative growth.
From a regional frame of reference, Europe sealants market will witness around 3.5% CAGR during the forecast period. LATAM will witness around 5.4% CAGR owing to rising packaging industry. Middle East & Africa holds share of over 5.5% and is likely to show appreciative growth.