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What drivers will boost adhesives and sealants market growth through 2027?

05-05-2021 08:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Adhesives and Sealants Market

Adhesives and Sealants Market

According to a recent study by Global Market Insights, Inc., the adhesive and sealants market valuation is anticipated to exceed USD 64.7 billion and USD 15 billion respectively by 2027. The industry is driven by an upsurge in acquisition and merger activities by major market participants.

Surging customer inclination towards modern lifestyle and the increasing social media influence for wearable products are expected to open up attractive opportunities for the expansion of the adhesives and sealants market size through the coming years.

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How will the North America sealant market fare through 2027?

North America sealant market is expected to record gains of more than 6.4% over the forecast time period. This is due to the expanding construction sector in the region. The product witnesses surface application in flooring, ceramics, and cement in the construction industry.

In addition, the rapid growth of residential construction projects in Canada is also estimated to foster market growth through the ensuing years.

What factors will propel the expansion of silicone sealants segment in the adhesives and sealants market?

Silicone sealants are deployed as plasticizers, coupling agents, catalysts, and fillers in the construction sector. When combined with water, these sealants solidify at room temperature for providing hardness and blocking the passage of air, dust, and water.

These sealants form elastic silicone rubber upon combining with water. The rubber is utilized for a wide range of applications in sportwear, footwear, baking food storage products, and cooking. This extensive application scope of the product would majorly foster business outlook for the segment.

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Which application avenues would make distinguished contributions to the overall adhesives and sealants market?

Water based adhesives segment is likely to escalate at a remarkable CAGR of more than 5.5% through the analysis timeframe. This growth is on account of the rising product application scope in the areas of wood working, packaging, and graphic art.

The adhesives and sealants market from polyvinyl acetate sealants application is expected to depict a substantial CAGR of more than 5.5% through the assessment period. This is accredited to the product’s widescale use for surface blocking in metals, bricks, ceramics, and concrete.

On the whole, the rising demand for acrylic and EVA products from automotive and construction industries will escalate the demand for adhesives and sealants over the forthcoming years.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/adhesives-and-sealants-market-report

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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