Adhesives and Sealants Market by Manufacturers | 3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation
Adhesives and Sealants Market
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 Market 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.
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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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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.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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