Adhesives and Sealants for Handheld Devices Market Size, Growth, Opportunity and Forecast 2022-2030
Market Scope
The adhesives and sealant market is expected to surge at decent pace to acquire considerable revenue by 2027. As per MRFR assessment, the adhesives and sealant market is expected to earn revenue by 2027.
Market Drivers and Restrains
The growing utility of adhesives and
sealants in construction applications can support expansion of the market in
the years to come. Excellent resistance to corrosion, low cost, and enhanced
fatigue are benefits offered by adhesives and sealants that are observed to
meet the increasing demand for construction solutions that offer homogeneous
distribution, excellent flexibility, and high durability. The large-scale
application of adhesives and sealant across construction, packaging,
automotive, and furniture industry can also benefit the market.
Key Players
MRFR listed some eminent players that are
operating in the global adhesives and sealants market. They are; AVERY DENNISON
CORPORATION (U.S.), 3M (Germany), Ashland (U.S.), BOSTIK SA (France.), Beardow
Adams (U.K.), Eastman Chemical Company (U.S.), The Dow Chemical Company (U.S.),
H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), and Ellsworth
Adhesives (U.S.) among others.
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Segmental Analysis
The segment assessment of the global adhesives
and sealants market is based on application, technology, and product.
The technology-based segments of the global
adhesive and sealant market are hot melt, water, solvent, and reactively based
segments. The growing popularity of water-based adhesives and sealants and the
introduction of advanced technologies contributing to their production can
support the market rise in the year to come. The rise in pressure sensitive
applications of water-based adhesives and sealants can prompt the market rise in
the years to come.
The product-based segments of the adhesive
and sealant market are acrylic, polyvinyl acetate, polyurethane, and epoxy
among others. The acrylic segment can secure decent share of the worldwide
adhesives and sealant market. The extensive utility of acrylic adhesive and
sealants for grouting, caulking, embedding, and jointing in the construction
sector can underpin the market augmentation. The polyurethane segment is set to
surge at high CAGR through the review period as the upscaling demand for
adhesive and sealant in automotive, packaging, and construction sectors.
The application-based segments of the
adhesive and sealant market are automotive, pressure sensitive, packaging,
construction, and furniture among others. The pressure sensitive segment is
expected to lead the adhesive and sealant market in the near future. The
growing application of adhesives in tapes or labels for increase in
non-structural applications can benefit the market in the near future. In the
construction industry, the increase in the utility of adhesive and sealants in
flooring carpet laying, underlayment, countertop lamination, and ceramic tile
among others, is expected to generate considerable revenue for the market.
Regional Analysis
In Asia Pacific, the adhesives and sealants
market is expected to secure decent share of the global market owing to the
increasing consumption of acrylic adhesives in construction, pressure
sensitive, furniture, automotive, and packaging among others. The surge in the
application of adhesives and sealants by end-user industries in Japan, and
India can support expansion of the market in the years to come.
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In North America, the adhesives and
sealants market is expected to grow significantly over the review period. The
rise in consumption of water-proof sealants for furniture and packaging sectors
in the region can benefit the market in the years to come. The surge in
investments by top-notch companies in to improve their product line as the
end-consumers base is noted to expand, is likely to drive North America
adhesive and sealant market during the forecast tenure. The upscaling
consumption of high-temperature adhesives in automobile sector can prompt the
market uprise in North America. The U.S., Canada, and Mexico are identified to
contribute significantly to the market upsurge due to the growing awareness
about excellent chemical resistance and flexibility offered by adhesives and
sealants.
In the Latin American region, the adhesive
and sealant market is estimated to rise at a gradual pace. The market expansion
can be attributed to the increase in the consumption of composites and the
surge in sales of eco-friendly products among people. In addition, the increase
in the demand for silicone sealants by high end-use industries can favor MEA
market rise.
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