Adhesives & Sealants Market by 2028 with Top Key Players –Ashland Inc, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd, 3M, B Fuller, Bolton Group B.V
Overview:
The global market report on the adhesives and sealants
market is showing substantial promise to register a strong CAGR during the
forecast period of 2018 to 2023. Market Research Future (MRFR) reveals that
there are factors that will help the market to surpass the predicted valuation
by 2023.
Among factors, rising urbanization and industrialization
are leading several industries ahead like the construction sector and
pressure-sensitive products, automotive industry, and others from which the
adhesives and sealants industry are expected to benefit substantially. With
emerging countries spending more on infrastructure, the chances of growth for
the market would be higher. On the other hand, the market may find obstruction
in growth due to the use of chemicals and stringent environmental laws. But
bio-friendly methods may trigger changes and bring back the market on the
track.
Segmentation:
The global market for adhesives & sealants has been
studied on the basis of technology, product, and application. These segments
have data that can be analyzed in the future to understand the momentum of the
market and plan strategies accordingly to increase the profit margin.
By technology, the global report on the adhesives and
sealants market has been segmented into solvent, hot melt, water, and
reactive-based segments. The water-based segment is gaining speed owing to the
rising need for eco-friendly products. The solvent segment has a substantial
market contribution.
Sample link
- https://www.marketresearchfuture.com/sample_request/3865
By product, the global report studying different segments
of the adhesives and sealants market includes polyurethane, polyvinyl acetate,
acrylic, epoxy, and others. The acrylic segment is getting good traction from
various end user industries. The polyurethane segment is also benefiting from
the growing interests shown by automobile and other industries.
By application, the global report discussing the
adhesives and sealants market has been segmented into construction,
pressure-sensitive, packaging, furniture, automotive, and others. The
construction sector is getting substantially backed by the changes in the
global economy and increasing urbanization. These reasons have created space
for the end users to promote scopes for the market to expand its
prospects.
Regional Analysis:
The Asia Pacific region would scale newer heights by
getting thrust from several end user industries like automotive and
construction. The region is supporting these industries a lot to revive the
economies. India, China, Japan, South Korea, and others are spending
substantially on the development of these products.
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@ https://www.marketresearchfuture.com/reports/adhesives-sealants-handheld-devices-market-3865
Competitive Landscape:
The global market report on the adhesives and sealants is
expected to benefit from contributions made by Ashland (U.S.), AVERY DENNISON
CORPORATION (U.S.), 3M (Germany), H.B. Fuller Company (U.S.), The Dow Chemical
Company (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), Ellsworth Adhesives
(U.S.), Eastman Chemical Company (U.S.), and Henkel AG & Co. KGaA
(Germany). Their strategic steps involving mergers, acquisitions, collaborations,
hike in research-related expenditure, innovations, launching, and others would
definitely create scope for the market to expand. MRFR registered all their
latest proceedings in the report to gauge how well the market can be in the
coming years.
Industry News:
The impact of COVID-19 across various manufacturing
industries are expected to trouble the adhesives and sealants market to some
extent. Industries like aerospace, automotive, and others are taking blows due
to the lack of business, which may hamper the adhesives and sealants market
growth. The global financial crisis due to this is bound to impact the
construction sector, which will deter the market growth. On the other hand, the
growing need for tools in the healthcare sector is expected to inspire the
market growth. Several companies have launched extensive measures to
manufacture various devices, which may create a need for the adhesives and
sealants.
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