Adhesives and Sealants Market Global Trends 2016 to 2023, Future Growth & Industry Drivers

Adhesives and Sealants Market is projected to surpass USD 40 billion and USD 9.5 billion from 2015 to 2023, respectively. Global Market Insights Inc. has published a new study based report on Adhesives and Sealants industry. The report talks about the market in terms of definition, classification, estimations in terms of value and volume. It features the current and future forecasts as per the parallel industrial and financial outlook. Furthermore, it covers current events and trends of leading global companies including important developments, mergers and acquisitions, partnerships and agreements, investments and expansions, etc. It also discusses about the key aspects like drivers, impediments, opportunities and challenges that influence the market.

Global Market Insights has a new study based report titled " Adhesives and Sealants Market Size By Application (Construction, Pressure Sensitive, Furniture, Packaging, Automotive), By Technology (Solvent, Water-based, Reactive, Hot Melt), By Product (Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023".

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Growth in automobile production, infrastructure development is likely to have a positive impact on the demand growth. Growing use of polymer and plastic in light weight automobiles to improve efficiency is anticipated to impel market size, with expected growth of 4.9% and 5.9% during the expected timeframe.

The report also covers the in-depth analysis of the industry segmented on the basis of key regions. Advent of technology focused on sustainable and smart products is driving demand for sealants in various regions including Europe and North America attributed to various innovations including reduced cure time, superior performance benefits including resistance to gas and chemicals, improved seals, superior adhesion to a range of substrates, etc.

Escalation in construction expenses in Indonesia, China and India is poised to boost demand. European silicone sealants market demand is forecast to observe a substantial growth in next few years.

The Adhesives and Sealants Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Adhesives and Sealants Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Adhesives and Sealants Market Product Insights

Acrylic adhesives market size should witness growth at above USD 8.5 billion by 2023. The product has quick setting time along and excellent bonding characteristics. These materials are used in the production of UV light and waterborne curing technology.

PVA adhesives market size was over 2.5 million tons in 2015. It is made by polymerization of vinyl acetate monomer and is used as adhesives for porous materials including paper, wood, cloth and as a consolidant for permeable building stone. EVA adhesives market size holds a small portion of the share and expects consumption to surpass 700 kilo tons by 2023. Epoxy adhesives market size should grow significantly at over 4.5% by 2023.

5. Adhesives and Sealants Market Application Insights

Adhesives market size from pressure sensitive applications should register over USD 9.5 billion by 2023. These are mainly used in heat treatment and are mainly used in automobile and labels applications. Adhesives market size from packaging application should witness gains at above 5% by 2023. These are mostly used in flexible packaging, envelopes and disposables.

Sealants market size from construction application should generate over USD 2 billion by 2023. Rise in construction expenditure especially in India and China would drive product demand.

6. Adhesives and Sealants Market Regional Insights

China adhesives market size, was over USD 5 billion in 2015. Favorable regulation promoting growth along with FDI schemes to promote end-use industries growth should drive regional product demand. Asia Pacific formed a major share in global pressure sensitive adhesive market in 2015.

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North America, dominated by U.S. adhesives market size, should surpass USD 8.5 billion by 2023. Growth in construction spending along with growth in automobiles sales in the region should boost product demand.

Europe sealants market size should exceed 700 kilo tons by 2023. Presence of major automotive industries in Germany and France should drive regional industry growth. China sealants market size should surpass USD 2 billion by 2023. Silicones and PU were the major products used for numerous applications.

7. Competitor Profiles

Global adhesives and sealants market share is moderately fragmented as top four companies constitute over 40% of the overall share. Some companies operating in this industry are Dow Chemical, 3M, HB Fuller, Henkel, Sika AG, BASF, Ashland, Uniseal, Bayer, N.D. Industries, Eastman Chemical, Bostik, Avery Dennison, Acucote, Creative Materials and Franklin International. Some companies are present across the value chain which benefit better production output.

About Global Market Insights, Inc.:
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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