COVID19 Impact on Adhesives & Sealants Market Size and Growth Forecast till 2026 | Top Players: BASF, Ashland Industries, Inc., 3M, Sika, PPG Industries, etc

The Global Adhesives & Sealants Market Size is expected to reach USD 66.76 billion by 2026, exhibiting a CAGR of 5.05% during the forecast period. Promising growth of the global building and construction industry is touted to be the top factor driving this market in the foreseeable future. According to the French credit insurance company, Euler Hermes, the global construction industry grew by 3.5% in 2018 from 2017 levels, making 2018 the best-performing year for the industry in a decade.

List of Top Players Covered in the Adhesives & Sealants Market Research Report are;

• Sika AG
• PPG Industries
• H.B. Fuller Company
• Avery Dennison
• Arkema S.A.
• RPM International Inc.
• Huntsman Corporation
• BASF SE
• Ashland Inc.
• 3M

Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/adhesives-and-sealants-market-101715

Key Industry Developments:

• April 2019: 3M Japan Ltd. added its new 3M™ Extended Wear Medical Transfer Adhesive in a bid to broaden its adhesive offerings for medical wearables. The new offering sports an adhesive sensitive to wear pressure and acts as an efficient initial adhesive to skin.
• April 2019: Henkel Corporation partnered with TerraCycle to offer additive manufacturers effective recycling choices on its Loctite ® brands under the Recycle Program. The collaboration developed the world's first recycling solution for anaerobic adhesive packaging.

Market Report Overview

Furthermore, a joint report produced and published by Global Construction Perspectives and Oxford Economics predicts that the value of this industry will hit $15.5 trillion by 2030, with an 85% rise in volume. India, China, and the US will account for nearly 57% of this rise, the report states. Adhesives and sealants are some of the most vital components in buildings as they hold join two distinctive materials together and keep them in place for prolonged periods of time. Thus, escalating demand for housing and commercial spaces would leverage the adhesives and sealants market growth in the coming years.

Fortune Business Insights™ provides the above information in its new report, titled "Adhesives & Sealants Market Size, Share & Industry Analysis, By Adhesive Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive And Others), By Adhesive Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear And Others), By Resin (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl And Others), By Sealant Application (Building & Construction, Automotive & Transportation, Consumer And Others), and Regional Forecast, 2019-2026". As per the findings of the report, the market value stood at USD 45.02 billion in 2018.

The other highlights of the report are:

• Thorough research into the drivers, trends, and restraints shaping the growth of the market;
• 360-degree analysis of the market segments and their influence on the overall market outlook;
• Meticulous study of the competitive landscape of the market through profiling of key players, their strategies, and other industry developments; and
• Comprehensive evaluation of the regional dynamics of the market.

Browse a detailed summary of adhesives and sealants market research report enabled with TOC, list of tables and figures: https://www.fortunebusinessinsights.com/industry-reports/adhesives-and-sealants-market-101715

Optimistic Projections for Electric Vehicles to Aid Market Growth

One of the top emerging Adhesives & Sealants Market trends is the encouraging outlook for electric vehicles for the next couple of decades. According to the International Energy Agency (IEA), in 2017, over 3 million hybrid cars were running on roads across the globe. Moreover, the IEA's New Policies Scenario projects that the number of electric cars on the road could reach 220 million by 2030. Adhesives and sealants are expected to play a crucial role in the manufacturing of electric vehicles as they make possible the bonding of dissimilar materials. Adhesives are already widely applied in automotive manufacturers such as for thermal conductivity and management and corrosion protection. The emergence of electric vehicles would open a new avenue for these materials.

Rapid Industrial Development to Drive the Market in Asia-Pacific

Asia-Pacific is foreseen to lead the Adhesives & Sealants Market share owing to the speedy development of industries in the region. In addition to that, the rapid expansion of the middle class in India and China is generating tremendous demand for building and construction activities, which is auguring well for the market in the region.

North America boasted of the market size of USD 11.32 billion in 2018 and will remain a key region in this market during the forecast period. The primary factor driving the market here is the growing preference among consumers for flexible packaging solutions. In Europe, strong environmental regulations are firing up the demand for green adhesives and boosting the market in the region.

Introduction of Innovative Offerings to Make Competition Fierce

The adhesives and sealants market forecast predict a period of fierce competition in the market as companies develop and launch interesting solutions. "These measures are aiding players to diversify their portfolio and entrench their position in the market", says one of our lead analysts.

Order a Single User License Copy: https://www.fortunebusinessinsights.com/checkout-page/101715

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

This release was published on openPR.