Press release
Adhesives and Sealants Market Current Trends, Future Prospects, and Competitive Landscape By 2030
Adhesives and Sealants Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1404
According to Allied Market Research, the global adhesives and sealants market, valued at $51.9 billion in 2020, is forecasted to reach $85.0 billion by 2030, with a compound annual growth rate (CAGR) of 5.1% from 2021 to 2030. This report offers a comprehensive analysis, detailing top investment opportunities, growth strategies, and evolving market trends.
Key Growth Drivers and Challenges:
The surge in demand for electronics and increased government investment in construction are pivotal to market growth. However, concerns over the harmful effects of volatile organic compounds (VOCs) in adhesives and sealants, alongside growing regulatory pressure, pose challenges. Heightened public awareness about health and environmental impacts may also curb market demand. On the upside, the development of non-hazardous and sustainable adhesive solutions presents promising growth opportunities.
Market Segmentation:
Product Type: The adhesive segment accounted for over 80% of the market share in 2020 and is projected to remain dominant through 2030. The sealant segment, however, is expected to grow at the fastest rate, with a CAGR of 5.4% during the forecast period.
Application: The building and construction sector held the largest share in 2020 and is projected to maintain its lead. Meanwhile, the medical segment is anticipated to grow at the fastest CAGR of 6.0%.
Regional Outlook: Asia-Pacific led the market in 2020, capturing over 40% of the global share, and is expected to continue growing at the fastest CAGR of 5.6% throughout the forecast period.
Key Players:
Major industry players include 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, and Uniseal, Inc.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/adhesives-sealants-market/purchase-options
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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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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