Press release
Global Hybrid Adhesives Sealants Market Analysis, Trends, and Forecasts (2023-2025) - (CAGR) of 4.2% Expected
Hybrid Adhesives Sealants Market
Hybrid adhesives and sealants are a type of adhesive and sealant material that combines the properties of different types of adhesives and sealants. They are a versatile and multi-functional solution that can be used for bonding, sealing, and filling various substrates such as metals, plastics, wood, and composites. Hybrid adhesives and sealants are known for their high strength, durability, flexibility, and resistance to weather, chemicals, and temperature variations. They are widely used in construction, automotive, marine, and aerospace industries, among others.
Market Size and Growth:
The global hybrid adhesives and sealants market size was valued at USD 4.2 billion in 2017 and is projected to reach USD 5.9 billion by 2025, growing at a CAGR of 4.2% during the forecast period (2017-2025). The growth of the market is primarily driven by the increasing demand for hybrid adhesives and sealants in various end-use industries such as construction, automotive, marine, and aerospace.
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The environment friendly nature of hybrid adhesives and sealants helps increase their demand in construction and automotive industries. Apart from this, the use of hybrid adhesives and sealants is affected by the temperature and load bearing capacity of adhesion, owing to which they cannot be used in too high or too low temperature applications.
Hybrid Adhesives & Sealants Market: Market Dynamics
Growing demand for adhesives and sealants from construction and automotive industries is a major driving factor for the growth of the market. Increasing use of hybrid adhesives and sealants in the construction industry, owing to frequent repair & maintenance activity, coupled with growing infrastructure development across the globe, helps drive the market.
Significant growth of the automotive industry and increasing vehicle parc across the globe help boost the demand for hybrid adhesives and sealants as they are prevalently used in applications, such as floor sealing, chassis sealing, body sealing, external & internal sealing and windscreen bonding, among others. Moreover, stringent regulations on the use of several adhesives and sealants in the construction industry have engendered growth opportunities for the hybrid adhesives and sealants market.
The unique characteristic properties of hybrid adhesives and sealants that comply with the requirement of end use applications and increasing demand for sustainable adhesives and sealants across the globe boost the hybrid adhesives and sealants market. Apart from this, lack of awareness and acceptance from various end use industries may hamper growth of the hybrid adhesives and sealants market.
Hybrid Adhesives & Sealants Market: Segmentation
Basis of compound
• MS Polymer
• Epoxy based
• SPUR polymers
• Others
Basis of application
• Building & Construction
• Automotive
• Marine
• Electrical Appliances
• Others
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Hybrid Adhesives & Sealants Market: Regional outlook
The global hybrid adhesives & sealants market is mainly dominated by the APAC region. Growing interest of investors in developing countries, such as China, India and Japan, is the major factor responsible for significant penetration of hybrid adhesives & sealants in the APAC market. The growing automotive industry and increasing infrastructure development in the APAC region are expected to result in a noteworthy increase in the demand for hybrid adhesives & sealants over the forecast period.
North America is the second largest market for hybrid adhesives & sealants in terms of consumption. Given the high demand for repair and maintenance activities in old buildings in North America, the demand for hybrid adhesives & sealants is expected to increase over the forecast period. In Europe, strict government regulations regarding industrial usage will spur the demand for hybrid adhesives & sealants. Middle East and Latin America will experience steady demand and are expected to register steady growth over the forecast period.
Hybrid Adhesives & Sealants Market: Market Participants
Examples of some of the market participants in the global hybrid adhesives & sealants market identified across the value chain include Henkel AG & Co. KGaA, 3M Company, Bostik, Wacker Chemie AG, Den Braven, H.B. Fuller, Tremco Illbruck GmbH & Co. Kg., Dymax Corporation, Hermann Otto GmbH, Dymax Corporation, Novachem Corporation Ltd, 2k Adhesive Systems Limited, Weiss Chemie + Technik GmbH & Co. Kg, Hermann Otto GmbH, Hodgson Sealants (Holdings) Ltd. and American Sealants, Inc., among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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