Rise in Demand for Adhesives & Sealants Market from Building & Construction Industry to Drive Market

The global adhesives & sealants market was valued at US$ 58,153.1 Mn in 2017 and is anticipated to expand at a CAGR of 5.1% from 2018 to 2026, according to a new report titled 'Adhesives & Sealants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR). The global adhesives & sealants market is driven by the rise in building and construction activities across the globe. 

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Rise in Demand for Adhesives & Sealants from Building & Construction Industry to Drive Market

The global adhesives & sealants market is primarily driven by advancements in the building & construction industry. Rise in the number of upcoming commercial building projects, especially in Asia Pacific and Middle East & Africa, is anticipated to propel the adhesives & sealants market in these regions.

The residential and non-residential construction sectors in the U.S. has been expanding in the last few years. This trend is likely to continue during the forecast period. The residential construction sector in the U.S. experienced year-on-year growth of 10.52% in 2016 and 10.58% in 2017. The non-residential construction sector expanded by 7.71% from 2015 to 2016. Construction of health care, commercial, and office buildings have increased in the country. The housing industry in the U.S. is estimated to expand at a rapid pace in the near future. New York, Houston, Los Angeles, and Chicago are projected to represent 20% of total construction output in the U.S. by 2026. India is expected to become the third leading construction industry in the world by 2026. 

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Rise in Demand for Adhesives & Sealants from Building & Construction Industry to Drive Market

The global adhesives & sealants market is primarily driven by advancements in the building & construction industry. Rise in the number of upcoming commercial building projects, especially in Asia Pacific and Middle East & Africa, is anticipated to propel the adhesives & sealants market in these regions. The residential and non-residential construction sectors in the U.S. has been expanding in the last few years. This trend is likely to continue during the forecast period. The residential construction sector in the U.S. experienced year-on-year growth of 10.52% in 2016 and 10.58% in 2017. The non-residential construction sector expanded by 7.71% from 2015 to 2016. Construction of health care, commercial, and office buildings have increased in the country. The housing industry in the U.S. is estimated to expand at a rapid pace in the near future. New York, Houston, Los Angeles, and Chicago are projected to represent 20% of total construction output in the U.S. by 2026. India is expected to become the third leading construction industry in the world by 2026. 

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High Degree of Competition among Market Players

High degree of competition exists among market players operating in the adhesives & sealants market. The market is dominated by a few major players and is moderately consolidated. Key players operating in the adhesives & sealants market include Henkel AG and Co. KGaA, Sika AG., Bostik SA, RPM International Inc., KCC Corporation, H.B. Fuller Company, The 3M Company, Illinois Tool Works Inc., Avery Dennison Corporation, Huntsman International LLC., DowDuPont Inc., Ashland, and Akzo Nobel N.V.

Global Adhesives Market, by Resin

Acrylics
Epoxy
Poly Vinyl Acetate (PVA)
Polyurethane (PU)
Styrenic Block
Ethyl Vinly Acetate (EVA)
Others (including Silicone, Polyester, and Fluropolymer)

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