Adhesives and Sealants Market Growth: Movements by Key Findings, Industry Impact, Latest Trend Analysis to 2030

Asia-Pacific garnered more than two-fifths of the global market in 2020 and would maintain its leadership status during the forecast period. The same segment would witness the fastest CAGR of 5.6% during the forecast period. The other regions covered in the report include North America, Europe, and LAMEA.

Allied Market Research published a new report, titled, "Adhesives and Sealants Market by Product Type (Adhesive and Sealant) and Application (Paper Board & Packaging, Building & Construction, Woodworking & Joinery, Transportation, Footwear & Leather, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Technical advancements and rise in R&D activities which led to the increase in demand for a wide range electrical & electronic devices and increase in government spending on the building & construction sector act as the key drivers for the growth of the adhesives and sealants market. Based on region, Asia-Pacific would maintain its dominancy in terms of market share and CAGR during the forecast period.

This makes it important to understand the practical implications of the adhesives and sealants market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

According to the report published by Allied Market Research, the global adhesives and sealants market was estimated at $51.9 billion in 2020 and is expected to accrue a sum of $85.0 billion by 2030, registering a CAGR of 5.1% from 2021 to 2030.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players including Arkema S.A., BASF SE, Evonik Industries AG, H.B. Fuller, Henkel AG & Co. KGAA, Lord Corporation, Scott Bader Co., Sika AG, The 3M Company, Uniseal, Inc. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

The global adhesives and sealants market is analyzed across product type, application and region. Based on product type, the adhesive segment accounted for more than four-fifths of the total market share in 2020, and is projected to rule the roost by the end of 2030. The sealant segment, however, would cite the fastest CAGR of 5.4% throughout the forecast period.

NEED FOR THE REPORT:

The current situation of pandemic makes it very important for the stakeholders in the adhesives and sealants market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

The building and construction segment was the largest in 2020, grabbing nearly one-third of the global market and is expected to lead the trail through 2030. However, the medical segment would exhibit the fastest CAGR of 6.0% during the forecast period.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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