Adhesives and Sealants Market Research 2018 | Top Key Players - 3M, Ashland, AVERY DENNISON CORPORATION, Beardow Adams, BOSTIK SA, The Dow Chemical Company, Eastman Chemical Company, Ellsworth Adhesives, H.B. Fuller Company and Henkel AG & Co. KGaA

Market Insights

Market Research Future has disclosed that the global market for Adhesives and Sealants is expected to grow with a consistent CAGR over the forecast period of 2017 to 2023. The report contains detailed insights on market drivers, trends, challenges, and opportunities during the review period. The Adhesives and Sealants Market is expected to grow at a steady yet significant pace due to their versatility and capability for application in various industries such as construction, aerospace, packaging, and automotive.

Adhesives have been finding growing applications. The automotive industry has been replacing welding of parts with the use of adhesives due to their lightweight nature and indirect ability to affect fuel efficiency. Although sealants have less strength than adhesives, they are more flexible and have increasing adopting in end-use applications such as insulation, coatings, and lamination, thus driving strong demand and as a result market growth.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/792

Market Segmentation

MRFR's report segments the market to provide a comprehensive analysis of accurately identified factors that affect market growth. The Global Adhesives and Sealants Market has been segmented by Technology, Product, Application and Region.

By Technology, the market has been segmented into water, solvent, hot-melt, and reactively based segments. Water-based technology holds the most significant market share due to its growing popularity in various end-user industries. This lead is owing to the harmful volatile organic compound (VOC) emission associated with solvent-based adhesives.

By Product, the market has been segmented into acrylic adhesives, acrylic sealants, silicone, polyurethane, polyvinyl acetate, epoxy, and others. The acrylic segment, which presently dominates the market, is expected to continue to do so over the forecast period owing to its thriving use in the construction industry for caulking, embedding and joining. MRFR's report also predicts the highest CAGR for the polyurethane segment for its increasing use for applications in packaging, automotive and construction industries. Meanwhile, silicone-based sealants are widely used in electronics, automobiles, and machinery.

By Application, the market has been segmented into pressure sensitivity tapes, textiles, appliances, HVAC & refrigeration, construction, automotive, packaging, and others. The pressure sensitivity tapes segment holds the over a quarter of the total market share. This is primarily due to its abundant use for non-structural applications such as in tapes or labels.

By Region, the market has been segmented into the Americas, Europe, Asia-Pacific and the Middle East & Africa.

Regional Analysis

The Asia-Pacific leads the global market with the most significant share which can be attributed to the flourishing consumption of acrylic adhesives, pressure sensitivity tapes and silicone sealants across various industries in the manufacturing sector. Emerging economies such as India, China, and Japan are expected to lead market growth for this region due to the booming demand for adhesives and sealants in end-use industries.

The Americas are a growing segment, and North America is expected to contribute significantly due to the high demand for water-based adhesives. The strong presence of market players in the region further facilitates market growth. Moreover, the environmental concerns have encouraged investment in research and development for eco-friendly options. Meanwhile, Latin America is expected to contribute to global market growth due to rising consumption of composites.

Europe is expected to witness a steady CAGR during the forecast period 2017 to 2023. Research and development of eco-friendly option is a prominent effort in developed economies of this region which fuels the consistent growth of the market.

The Middle East & Africa is expected to drive modest growth due to a significant demand for silicone sealants in end-use industries in that region. Rapid construction in the Middle East is also likely to foster market growth for the Adhesives and Sealants Market.

Latest Industry News

3M's Industrial Adhesives and Tapes division recently conducted its inaugural Disruptive Design Challenge (DDC) which was created with an aim to educate and introduce budding engineers at a collegiate level, to the varied uses and design capabilities of chemical bonding and adhesive solution. The challenge is designed to be creative and encourage creative use of adhesives which could allow future engineers to discover various new applications for adhesives. Students from North Dakota State University won the competition; their task was to develop an emergency relief container using 3M adhesives and tapes instead of mechanical fasteners.

Scientists at the Indian Institute of Technology (IIT), Roorkee have developed a proprietary sealant that has innovative applications in road safety. The sealant has strong adhesive properties which allow it to line the tire and effectively seal punctures. The material has a considerably high operating temperature which makes it well suited for extreme weather conditions and poor roads.

Access Sample Report @ https://www.marketresearchfuture.com/reports/adhesives-sealants-market-792

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our 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 to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.