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Market Size – USD 59.19 Billion in 2019, Market Growth – at a CAGR of 4.5%, Market Trends – High demand from the APAC region

VANCOUVER, BC, CANADA, May 12, 2022 /EINPresswire.com/ -- The global adhesives & sealants market is projected to reach value of USD 84.74 Billion by 2027, according to a current analysis by Emergen Research. Advancements in technology and rise in the demand for bio-based adhesives and sealants are driving the market. Adhesives and sealants are multi-faceted products and are used in industrial sectors ranging from packaging to textile, due to their superior bonding strength. A shift in consumer preference toward bio-based adhesives and sealants led by rise in environmental concerns along with the reduction in fossil fuel use for product manufacture are propelling the market for adhesives & sealants. Glass building construction requires use of sealants in panels for a stable structure. A major challenge faced by the market is the volatile cost of raw materials used in production of adhesive and sealants.

The adhesives & sealants market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches.The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

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Another driving factor is robust growth of and high demand in the packaging sector led by growth of the food & beverages industry. However, regulations regarding VOC emissions are likely to hinder the market in the next few years. Companies are investing in the latest technologies and the launch of new bio-based products to develop cost-effective products.

Leading Companies of the Adhesives & Sealants Industry and Profiled in the Report are:

H. B. Fuller, Henkel AG, 3M Company, Huntsman Corporation, DowDuPont Dowdupont Inc., Avery Dennison Corporation, Arkema, Sika AG, Illinois Tool Works Inc., and Wacker Chemie AG.

Key Highlights of Report

The paper & packaging industry is witnessing significant growth, owing to growth of cosmetics, food & beverages, and consumer goods industries. The growing trend of online shopping is expected to further propel the market during the forecast period. Adhesives and sealants are used in more than 80% of food packaging.

Silicon resins are low-molecular-weight polymers with excellent thermal stability. Their property makes them suitable for usage as binders in paints, impregnating products, and varnishes. They are odor free, easy to use, and they offer excellent adherence to the surface of molds.

The Asia Pacific market is estimated to witness significant growth during the forecast period, due to massive population and shifting of manufacturing sites from developed regions toward developing countries in APAC. The automotive as well as the packaging industry has witnessed significant growth over the last few years, with contribution from the ASEAN countries.

Water-based adhesives are obtained from natural polymers and it is an ultimate choice for quick set application in bookbinding. Water-based adhesives are free from solvents and they are safe to use in areas with very little ventilation.

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For the purpose of this report, Emergen Research has segmented the global adhesives & sealants market in terms of adhesive formulating technology, adhesive application, resin type, resin application, and region:

Adhesive Formulating Technology Outlook (Revenue, USD Billion; 2017–2027)

Water-based

Solvent-based

Hot melt

Reactive & Others

Adhesive Application Outlook (Revenue, USD Billion; 2017–2027)

Paper & Packaging

Building & Construction

Woodworking

Consumer/DIY

Automotive & Transportation

Leather & Footwear

Assembly

Others

Resin Type Outlook (Revenue, USD Billion; 2017–2027)

Silicone

Polyurethane

Plastisol

Emulsion

Polysulfide

Butyl

Others

Resin Application Outlook (Revenue, USD Billion; 2017–2027)

Building & Construction

Automotive & Transportation

Consumer

Others

Regional Analysis:

The report sheds light on the region expected to dominate the Adhesives & Sealants market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Adhesives & Sealants market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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This report on the global adhesives & sealants market gives a thorough study that is primarily focused on top players and their business stratagem, geographical extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is explicitly prepared to explore crucial fragments of the global adhesives & sealants market. For instance, the market dynamics section in the report gives an in-depth analysis of the drivers, restraints, trends, and opportunities in the global adhesives & sealants market. With both qualitative and quantitative analysis, we provide you with thorough and comprehensive information on the global adhesives & sealants market. The study also entails SWOT, PESTLE, and Porter’s Five Forces analyses of the global adhesives & sealants market.

Key Points of Adhesives & Sealants Market:

Extensive coverage of the analysis of the Adhesives & Sealants market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Adhesives & Sealants market

Complete data about the key manufacturers and vendors in the Adhesives & Sealants market

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

Read similar reports by Emergen Research:

Industrial Fabric Market https://marketographics.com/industrial-fabric-market-segmentation-business-opportunities-top-manufacturers-and-future-demand-analysis-by-2028/

Adhesives & Sealants Market https://marketographics.com/?p=10316

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Adhesives & Sealants Market Size Worth USD 84.74 Billion by 2027