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Adhesives & Sealants MarketSize, Opportunities, Share, Top Suppliers, Growth, Regional Trends, Key Segments, Graph and Forecast to 2029

04-18-2024 04:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Browse 350 market data Tables and 60 Figures spread through 300 Pages and in-depth TOC on "Adhesives & Sealants Market"

Browse 350 market data Tables and 60 Figures spread through 300 Pages and in-depth TOC on "Adhesives & Sealants Market"

Adhesives & Sealants Market by Adhesive Technology (Water-based, Solvent-based, Hot-melt, Reactive), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, & Region - Global Forecast to 2029
The global adhesives & sealants market [https://www.marketsandmarkets.com/Market-Reports/adhesive-sealants-market-421.html] size was USD 76.1 billion in 2024 and is projected to reach USD 86.6 billion by 2029, at a CAGR of 2.6% between 2024 and 2029. The demand for adhesives & sealants is increasing due to various factors, such as the need to bond dissimilar materials and the substitution of synthetic substrates for traditional materials.

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The key players following the strategies between 2020 to 2023, Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Sika AG (Switzerland), Arkema (Bostik) (France), and 3M (US). The companies are majorly following product development, investment & expansion, and innovation as the strategy to grow and expand the market.

Henkel has a globally expansive presence with a diversified portfolio spanning homecare, laundry, cosmetics, and adhesive products. Its operations are organized into four key business segments: adhesive technologies, laundry & home care, beauty care, and corporate. Within the adhesive technologies segment, Henkel leads the global market in adhesives, sealants, and functional coatings, offering a comprehensive range of solutions under five technology cluster brands: LOCTITE, BONDERITE, TECHNOMELT, TEROSON, and AQUENCE, serving consumers, craftsmen, and industrial businesses worldwide.

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BASF SE is a versatile chemical enterprise organized into six distinct business segments: chemicals, materials, Industrial Solutions, surface technologies, Nutrition & Care, Agricultural Solutions, and Others. BASF's products include a wide range of plastics, fibers, and pigments, used in various industries such as automotive, construction, and consumer goods. The company has a strong presence in Asia and North America, and its Global Business Services division further supports its operations worldwide. BASF is committed to sustainability and innovation, and has set ambitious goals to reduce its carbon footprint and increase its renewable energy usage. The company has a strong customer base and operates in Europe, North America, APAC, South America, Africa, and the Middle East.

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The Asia Pacific region emerges as a key center for adhesives and sealants production and consumption, propelled by increasing domestic demand, rising incomes, and ample resource availability. Notably, the automotive and transportation industry leads in adhesive and sealant consumption. Economic growth, especially in emerging markets such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, drives infrastructure development, further boosting demand in the building and construction sector.

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MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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