Adhesives and Sealants Market Demand, Application, COVID-19 Analysis, Share, Forecast 2027
Adhesives and Sealants Market Overview
The global
adhesives and sealants market is profiled in great detail in the research
report, providing readers with a comprehensive overview of the market through
its historical growth trajectory, present conditions, and future growth
prospects. The historical stats of the adhesives and sealants market are
detailed in the report, in order to provide readers with a complete overview of
the market’s historical growth trajectory. The historical stats provided in the
report also give analysts a solid platform to base future projections about the
market. Based on this platform, future projections for the adhesives and
sealants market’s growth trajectory over the forecast period are provided in
the report. The leading players in the global adhesives and sealants market are
also profiled in the report in order to give readers a comprehensive analysis
of the leading players in the global adhesives and sealants market. The major
drivers and restraints affecting the global adhesives and sealants market are
also profiled in the report to provide readers a comprehensive overview of
what’s making the market tick and what is holding the market back.
Adhesives
and sealants are used in a wide range of industries to bind two substances
together. Sealants are mainly used to block the movement of fluids through
surface interfaces, whereas adhesives are mainly used to hold two surfaces
together. The growing automotive and construction industries are likely to be a
major driver for the global adhesives and sealants market over the forecast
period. The construction industry uses adhesives and sealants in numerous
applications, including carpet laying, flooring underlayment, countertop
lamination, and ceramic tiles, among others. The growing residential
construction industry in emerging economies is likely to be a major driver for
the global adhesives and sealants market over the forecast period. Countries
such as India and China are likely to remain at the forefront of the adhesives
and sealants market over the forecast period due to the growing residential
construction industry in the two countries. The automotive industry is also a
major consumer of adhesives and sealants in order to provide a foolproof
product to consumers.
Competitive Leaderboard:
Leading
players in the global adhesives and sealants market include Henkel AG & Co.
KGaA, H. B. Fuller Company, Ellsworth Adhesives, Eastman Chemical Company, The
Dow Chemical Company, BOSTIK SA, Beardow Adams, Avery Dennison Corporation,
Ashland, and 3M.
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Adhesives and Sealants Market Segmentation:
The global
adhesives and sealants market is segmented on the basis of technology, product
type, application, and region.
By
technology, the global adhesives and sealants market is segmented into
water-based, solvent-based, hot melt, and reactively based.
By product
type, the global adhesives and sealants market is segmented into acrylic,
polyurethane, polyvinyl acetate, epoxy, and others.
By
application, the global adhesives and sealants market is segmented into
pressure sensitive, construction, automotive, packaging, furniture, and others.
The pressure sensitive segment holds a dominant 25% share in the global
adhesives and sealants market and is likely to be a major consumer of adhesives
and sealants over the forecast period, closely followed by the construction
industry.
Regional Analysis:
Asia
Pacific holds a dominant share in the global adhesives and sealants market due
to the growing consumption of acrylic adhesives in pressure sensitive,
construction, automotive, and other applications. The growing construction and
automotive industries in Asia Pacific are likely to remain a major driver for
the global adhesives and sealants market over the forecast period.
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NOTE: Our team of researchers are studying Covid19 and
its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
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