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Global Adhesive And Sealants Market

Summary

The market of adhesives and sealants projected a market size of USD 43.6 Billion in 2015 and is likely to reach USD 62.8 Billion by the end of 2024.

Market Overview

On the back of increasing demand from construction and automotive industries, global adhesives and sealant market revenue is increasing at an average rate of 4% annually. Rapid urbanization in developing nation has created a strong demand of adhesives and sealants, with wining opportunity from construction and automotive industries global adhesives and sealants market is likely to witness a tremendous growth over the forecast period.

The market is showing favorable movements for the market players as the increased demand can be easily met by increasing the supply as fall in prices of crude oil has reduced cost of raw materials that are used for the production of adhesives and sealants. On the other hand rising demand for bio based product and environmental friendly adhesives are replacing the demand synthetic adhesives. However, some of the raw materials can experience hike in their prices by the end of 2017 which can hamper the growth of global adhesives and sealant market.

Market Segmentation

  • By Adhesive Type
    • Water-Based Adhesives
    • Solvent-Based Adhesives
    • Hot Melt Adhesives
    • Pressure-Sensitive Adhesives
  • By Sealants Type
    • Acrylic Sealant
    • Silicone Sealant
    • Polyurethane Sealant
    • Butyl Sealant
    • Others (Polysulfide, Latex etc.)
  • By Application
    • Joinery Operations
    • Construction
    • Packaging
    • Others (Assembly Operations, Decorative Films)

By Geography

  • North America (US, Canada)
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
  • Rest of the World

Market Size and Forecast

The market of adhesives and sealants projected a market size of USD 43.6 Billion in 2015 and is likely to reach USD 62.8 Billion by the end of 2024. On the back of increasing consumption of water based adhesives, the global adhesives and sealant market is anticipated to expand with a CAGR of 4.6% over the forecast period i.e. 2016-2024. Silicon based adhesives covered 30% of the market share in 2015, the market share of silicon based adhesives is expected to reach 38.6% by the end of 2024. Asia Pacific region is open for new market entrants, as the region is anticipated to reflect strong growth in the upcoming future. 32.5% of the revenue share is captured by Asia Pacific region due to presence of number of automotive and construction industry in the region.

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Key Players

  • 3M Company
  • Synopsis
  • Financial Analysis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • Arkema
  • Dow Chemical Company
  • H.B. Fuller
  • Henkel
  • Bostik
  • RPM International Inc.
  • Illinois Tools Works Inc.

Scope Background

Market Synopsis

Market Segmentation

The global adhesive and sealants market is segmented as follows:

  • By Adhesive Type (Market Size, Demand Analysis and Growth Analysis)
  • By Sealants Type (Market Size, Demand Analysis and Growth Analysis)
  • By Adhesive & Sealants Application Type (Market Size, Demand Analysis and Growth Analysis)

Market Dynamics: Growth Drivers, Restraints and Opportunities

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Risk Factors

  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

Steve Blade is the authors of this article and global sales head in Goldstein Research. Know more information about adhesive and sealants market trends.

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