Adhesives & Sealants Market Report 2022-2030: Prominent Players - Dow Corning Corporation, Henkel AG & Co. KGaA, Novachem Corporation
Overview:
The global market report containing details of the adhesives and sealants market for handheld devices is expected to score past valuation of USD 7946.8 million during the forecast period of 2018 to 2023 with a CAGR of 7.21%. Market Research Future (MRFR) revealed several growth factors that will be boosting the market.
The growth factors are the rising inclusion of the component in the ever-burgeoning electronics industry and the healthcare sector. Both these industries are registering better growth during the forecast period. In developing regions, the traction for these sectors is getting backed by hike investment to revamp various sectors.
Competitive Landscape:
The global market for adhesives and sealants for the handheld devices market is expected to profit from the strategic launching pf plans by companies like 3M, Dow Corning Corporation, Henkel AG & Co. KGaA, Novachem Corporation, H.B. Fuller, and Permabond, among others. These companies have made a name for themselves in the market by launching innovative products, increasing their research and development investments, improving marketing strategies, mergers, acquisitions, collaborations, and others. MRFR recorded their recent market moves as well to get a proper understanding of how the market is shaping up for the coming years. This will simplify the understanding of various strategic developments and help in increasing the profit margin.
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Segmentation:
The global adhesives & sealants market for handheld devices, as per the assessment of MRFR, has been segmented on the basis of adhesive types, sealant types, and application. Factors and dynamics revealed by this close assessment have revealed several insights that can help in charting the course in the coming years. In addition, these factors have been backed by various figures that increase their credibility.
By adhesive type, the global report on the adhesives & sealants market for handheld devices has been segmented into waterborne adhesives, pressure-sensitive adhesives, hot melt adhesives, solvent-borne adhesives, and others. The waterborne adhesives are gaining traction as they are more environment-friendly and compliant with regulations.
By sealant types, the study on the adhesives and sealants market for handheld devices can be segmented into polyurethane sealants, silicone sealants, epoxy sealants, acrylic latex sealants, butyl sealants, and others. The silicone sealants have substantial market coverage.
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By application, the global adhesives & sealants market for handheld devices has been segmented into laptops, hard disc drives, mobiles & tablets, medical devices, and others. The mobile and tablet segment is expected to make a significant profit due to the increased sale of these products. The medical devices segment is also expecting substantial support from the global healthcare industry as the rising expenditure in the sector to provide better services is creating opportunities for the market to grow.
Regional Analysis:
The Asia Pacific market is expected to control the global market as their revenues have surpassed all the other regions. One of the major reasons to back this is the relaxed laws that create scope for production and consumption of the products. Also, end user industries like the electronics sector have a huge market in the area, and countries like India, China, Japan, South Korea, Taiwan, and others are making significant progress. The region is making significant progress due to the heightened sale of smartphones and laptops. In Europe, the market is getting traction from the regional electronics sector. North America would witness progress due to the contributions made by the US and Canada.
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