Global Adhesives & Sealants Market is set to witness a stable CAGR in the forecast period of 2019-20

Global Adhesives & Sealants Market By Resin Type (Acrylics, Epoxy, Poly Vinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinly Acetate (EVA), Silicone), Technology (Water based, Solvent based, Hot Melt, UV Cured), Application (Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Consumer/DYI, Leather and Footwear, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Global adhesives & sealants market is expected to rise=, registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing trend of lightweight & low carbon emitting vehicles and shift in the preferences of consumers towards hot-melt adhesives.

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Market Definition: Global Adhesives & Sealants Market

Adhesives are those substances that help in binding two objects, making it firm and tough. On the other hand, sealants are used as a hard coating on a permeable surface or it can be used to block the passage of fluid. The use of adhesives and sealants can be seen in various applications such as transportation, consumer sealants, building & construction, paper & packaging, construction and others.

Market Drivers:

Increasing demand for adhesives & sealants from the building & construction industry; this factor will act as a driver for the market in the forecast period

Shifting in the preferences of consumers towards hot-melt adhesives will also drive the market in near future

High demand for adhesives & sealants in Asia-Pacific region; this factor will also propel the market

Development of hybrid resins for the manufacturing of high-performance adhesives & sealants will also help the market to grow in future

Market Restraints:

Environmental regulations in North American and European countries; this factor will hamper the market to grow in near future

Volatility in the prices of crude oils, will act as a restraint for the market growth

Shifting rules and changing standards will also restrain the market growth

Segmentation: Global Adhesives & Sealants Market

By Resin Type

• Acrylics
• Epoxy
• Poly Vinyl Acetate (PVA)
• Polyurethane (PU)
• Styrenic Block
• Ethyl Vinly Acetate (EVA)
• Silicone

By Technology

• Water Based
• Solvent Based
• Hot Melt
• UV Cured

By Application

• Paper and Packaging
• Building and Construction
• Woodworking
• Automotive and Transportation
• Consumer/DYI
• Leather and Footwear
• Others

By Geography

• North America
• U.S.
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Turkey
• Belgium

Key Developments in the Market:

In September 2017, HB Fuller, a manufacturer of U.S. sealants and adhesives, has acquired two companies namely, Wisdom Worldwide Adhesives, a U.S.-based packaging adhesives specialist and Adecol, a Brazilian polymer adhesives maker. The acquisition will help HB Fuller to make more products related to the market, in order to fulfil the requirements of customers.

In September 2017, H.B. Fuller has signed an agreement in order to acquire Royal Adhesives & Sealants, who is a manufacturer of high-value specialty sealants and adhesives. The acquisition will help the company to focus more on their adhesive segments. Also, it will help H.B. Fuller to expand their presence in China, Europe and North America.

Competitive Analysis:

Global adhesives & sealants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of adhesives & sealants market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the adhesives & sealants market are 3M, Henkel AG & Co. KGaA, Arkema, H.B. Fuller Company, Bostik, The Dow Chemical Company, Sika AG, Illinois Tool Works Inc., DAP Products Inc., AVERY DENNISON CORPORATION, Royal Adhesives & Sealants and Franklin International among others.

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Research Methodology: Global Adhesives & Sealants Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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