Dublin, Dec. 30, 2019 (GLOBE NEWSWIRE) -- The "Adhesives & Sealants Market by Adhesive Formulating Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive), Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Butyl, Polysulfide), Application, Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The adhesives & sealants market is projected to grow from USD 58.9 billion in 2019 to USD 73.8 billion by 2024, at a CAGR of 4.6% between 2019 and 2024.

The rising demand for adhesives and sealants across various applications, such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others, is expected to drive the growth of the adhesives & sealants market. The environmental regulations in the North American and European countries regarding the production of chemical- and petro-based products are restraining the growth of the adhesives & sealants market.

Based on application, the paper & packaging segment is expected to lead the adhesives market during the forecast period

The paper & packaging application accounts for the largest share in the adhesives & sealants market and is expected to remain the largest market segment between 2019 and 2024. The growth of this segment is expected to be driven by increased use of adhesives in a wide variety of paper bonding applications. These applications range from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials.

The silicone-based resin segment is expected to grow at the highest CAGR during the forecast period

Silicone sealants are very versatile products that have excellent resistance to UV radiation, ozone, and most chemicals. They offer good thermal stability, low-temperature flexibility, and long-term aging properties. The formulations typically include adhesion promoters and fillers to increase flexibility and tensile strength. The use of these sealants in high-growth applications, including expansion joints between dissimilar materials, and for weather sealing in high-rise buildings, airport runways, and highways has also increased their demand.

APAC is expected to lead the adhesives & sealants market during the forecast period

The APAC region is projected to lead the adhesives & sealants market from 2019 to 2024, in terms of value. APAC has emerged as one of the leading producers as well as consumers of adhesives & sealants due to the increasing domestic demand, rising income levels, and easy access to resources. According to OICA, APAC led the vehicle production market in 2018. Automotive & transportation is one of the major application of adhesives & sealants in this region. The economic growth in the APAC region, particularly in emerging markets, such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is contributing to the increase in the number of infrastructure projects, which is expected to drive the demand for adhesives & sealants in the building & construction application.

Reasons to Buy the Report

From an insight perspective, this research report has focused on various levels of analysis - industry analysis (industry trends), key players in the adhesives & sealants market, and company profiles. These insights together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the adhesives & sealants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on adhesives & sealants offered by top players in the adhesives & sealants market
• Product Development/Innovations: Detailed insights on upcoming technologies, research & development activities, and new product launches in the adhesives & sealants market
• Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the market for adhesives & sealants across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the adhesives & sealants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the adhesives & sealants market

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Scope
1.3 Currency
1.4 Unit Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Adhesives & Sealants Market
4.2 Adhesives Market, By Formulating Technology
4.3 Adhesives Market, By Application
4.4 Sealants Market, By Resin Type
4.5 Sealants Market, By Application
4.6 Adhesives & Sealants Market, Developed vs. Developing Countries
4.7 APAC: Adhesives Market, By Formulating Technology and Application
4.8 Adhesives & Sealants Market Share, By Country

5 Market Overview
5.1 Introduction
5.2 Porter's Five Forces Analysis
5.3 Macroeconomic Indicators

6 Emerging Technology: Hybrid Adhesives & Sealants
6.1 Overview
6.1.1 Market Definition
6.1.2 Historical Development
6.1.3 Current Prospect
6.1.4 Future Growth Potential

7 Industry Megatrends
7.1 Effects of Future Trends and Technology Disruption on Adhesives & Sealants Manufacturers
7.2 Automotive & Transportation
7.3 Aerospace
7.4 Healthcare
7.5 Electronics

8 Adhesives Market, By Formulating Technology
8.1 Introduction
8.2 Water-Based
8.3 Solvent-Based
8.4 Hot-Melt
8.5 Reactive & Others

9 Adhesives Market, By Application
9.1 Introduction
9.2 Paper & Packaging
9.3 Building & Construction
9.4 Woodworking
9.5 Automotive & Transportation
9.6 Consumer & DIY
9.7 Leather & Footwear
9.8 Assembly
9.9 Others

10 Sealants Market, By Resin Type
10.1 Introduction
10.2 Silicone
10.3 Polyurethane
10.4 Plastisol
10.5 Emulsion
10.6 Polysulfide
10.7 Butyl
10.8 Others

11 Sealants Market, By Application
11.1 Introduction
11.2 Building & Construction
11.3 Automotive & Transportation
11.4 Consumer
11.5 Others

12 Adhesives & Sealants Market, By Region
12.1 Introduction
12.2 APAC
12.3 North America
12.4 Europe
12.5 South America
12.6 Middle East and Africa

13 Competitive Landscape
13.1 Overview
13.2 Competitive Leadership Mapping
13.3 Strength of Product Portfolio
13.4 Business Strategy Excellence
13.5 Market Ranking Analysis
13.6 Competitive Scenario

14 Company Profiles
14.1 Henkel AG
14.2 H.B. Fuller
14.3 Sika AG
14.4 Arkema (Bostik)
14.5 Huntsman Corporation
14.6 3M Company
14.7 Illinois Tool Works Inc.
14.8 Avery Dennison Corporation
14.9 DowDuPont Inc.
14.1 Wacker Chemie AG
14.11 Other Key Companies
14.11.1 Rpm International Inc.
14.11.2 Akzo Nobel N.V.
14.11.3 PPG Industries
14.11.4 Lord Corporation
14.11.5 Adhesives Research Inc.
14.11.6 Delo Industrie Klebstoffe GmbH & Co. KGaA
14.11.7 DYMAX Corporation
14.11.8 Mapei Corporation
14.11.9 Meridian Adhesives Group
14.11.10 Master Bond Inc.
14.11.11 Soudal Group
14.11.12 Pidilite Industries
14.11.13 Jowat SE
14.11.14 Franklin International
14.11.15 Ashland Inc.

For more information about this report visit https://www.researchandmarkets.com/r/jbmldh

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