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Adhesives and Sealants Market Key Growth Analysis on Industries, Eastman Chemical, Bostik, Avery Dennison, Acucote, Creative Materials and Franklin International

08-22-2018 08:30 PM CET | Industry, Real Estate & Construction

Press release from: Market Study Report

Adhesives and Sealants Market, Adhesives and Sealants Market Study, Adhesives and Sealants Market Size, Adhesives and Sealants Mar

Adhesives and Sealants Market, Adhesives and Sealants Market Study, Adhesives and Sealants Market Size, Adhesives and Sealants Mar

The Global Adhesives and Sealants Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Adhesives and Sealants Market by companies, region, type and end-use industry.

Global adhesives and Sealants market size is set to attain grow at 4.9% CAGR, whereas sealants market size is estimated to reach 2.7 million tons by 2023. Pressure sensitive adhesive (PSA) applications dominate demand and accounted for over 29% of the total demand in 2015, followed by packaging, with overall consumption of close to 2.1 million tons.

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Report Mainly focuses on the top Manufacturers in global market are given bellow
Dow Chemical, 3M, HB Fuller, Henkel, Sika AG, BASF, Ashland, Uniseal, Bayer, N.D. Industries, Eastman Chemical, Bostik, Avery Dennison, Acucote, Creative Materials and Franklin International.

Global adhesives and sealants market size was estimated at 9.8 million tons and 1.9 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Construction, automotive and packaging were key revenue generating applications for the industry.

By Application

• Construction
• Pressure Sensitive
• Furniture
• Packaging
• Automotive

By Technology

• Solvent
• Water-based
• Reactive
• Hot Melt

By Product

• Polyurethane [PU]
• Acrylic
• Epoxy
• EVA
• Polyvinyl Acetate [PVA]

Adhesives and sealants market size analysis is set to exceed USD 50 billion by 2023. Strong infrastructure development indicators and focus on vehicle weight reduction for better fuel performance will play a key role in demand development.

Waterborne adhesives market size dominated the technology landscape, with 47% global share 2015. This technology is preferred over solvent borne technology owing to low VoC emissions to curb environmental toxicity.

Hot melt adhesives market size is forecast to gain significantly, with 5.3% CAGR up to 2023. On product basis, acrylic products witnessed most usage, with overall consumption close to 3.6 million tons in 2015, whereas silicone sealants consumption was over 580 kilo tons.

Stringent norms by the EPA and REACH to address environment concerns over VoC emissions may challenge industry growth. Strong focus on developing renewable materials as an alternative to fossil fuel products is likely to support growth. Bio adhesive market size already accounts for over 1% of the total demand and could witness sizable gains over the coming seven years.

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The above information is provided on a regional and country basis for the following:

U.S., Germany, UK, China, India, Brazil, Saudi Arabia

China polyurethane (PU) glue demand was estimated at close to 280 kilo tons in 2015, whereas PU sealants demand in China was calculated at close to 135 kilo tons in the same year.

North America, driven by stringent norms in the U.S., accounted for over 22% of the total volume in 2015. North America construction glues market was close to 345 kilo tons in 2015.

Global market share is moderately consolidated with multinationals such as Dow, HB Fuller, 3M and Henkel catering to over 47% of the industry demand. Other notable companies include Eastman Chemical, BASF, Avery Dennison, Ashland and Bostik.

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