—
According to the newest report issued by Credence Research, Inc. “Global Adhesives & Sealants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Adhesives & Sealants market was estimated at US$ 51,745.3 Mn in 2017, supposed to grow at the CAGR of 4.9% from 2018 to 2026.Market Insights
Adhesives & Sealants market size was estimated at US$ 51,745.3 Mn in 2017, expanding with a CAGR of 4.9% throughout the projection period from 2018 to 2026. Adhesives hold at least two substrates together in a strong and permanent manner, whereas, sealants perform the same function but also fills the gap between two substrates to block the passage of air, water and/or chemicals. Adhesives and sealants are often made of similar materials and sometimes used in similar applications in end-use industries such as paperboard & packaging, building & construction, woodworking & joinery, automotive & transportation, etc. Water-based adhesives is the largest segment because of their versatility and reasonable price, followed by solvent-based adhesives. Consumption of solvent-based adhesives is declining in developed countries owing to strict VOC emission regulations. However, the increase in the shoe manufacturing industry particularly in China holding the segment growth throughout the projection period. Silicone dominated the Sealants market by resin type followed by polyurethane resin-based sealants. Polysulfide sealants are losing market share to polyurethane-based sealants.
Browse the full report Global Adhesives & Sealants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/adhesives-and-sealants-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/59190
Paperboard & Packaging continues the largest share of Adhesives & Sealants market by end-use industries throughout 2017-2018. In paperboard & packaging industry, adhesives & sealants find its application in the extended variety of paper bonding ranging from corrugated box making and the lamination of printed sheets to packaging material used for all types of consumer products to the production of large industrial tubes and cores used by manufacturers of role goods and other materials. Factors such as rising population and disposable income, increasing demand for quality products, high economic growth mainly in growing economies fuelling the growth of this segment.
Based on the geography, Asia-Pacific held the largest share in the global Adhesives & Sealants market in 2017 in terms of value and volume. Asia-Pacific is recognized as the fastest growing region owing to growing population and disposable income joined with growth in the end-use industries, driving Asia-Pacific Adhesives & Sealants market. North America with the highest number of new product developments in the world closely follows Asia-Pacific in terms of value & volume consumption. Water-borne & Hot-melt adhesives are getting high popularity in North American owing to ongoing replacement of solvent-borne adhesives in developed regions.
Although growing regulations against the use of high VOC compounds linked with high cost associated with compliance and raw materials required, the manufacturers are continuously addressing the condition by heavily investing in R&D and new technology development.
Key manufacturers of adhesives and sealants include 3M Company (U.S.), Illinois Tool Works Inc. (U.S.), H.B. Fuller (Netherlands), Bostik Ltd. (France), Henkel AG & Company (Germany), Sika AG (Switzerland), Avery Dennison (U.S.), RPM and International Inc. (U.S.) among others.
Browse the full report Global Adhesives & Sealants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/adhesives-and-sealants-market
Market Synopsis
Increasing Demand for Low VOC, Green & Sustainable Adhesives makes Water-borne Adhesives Dominant Sub-segment by Formulation Type
In 2017, water-based segment considered for the major market share and supposed to continue its dominance over the projection period. This is connected to its viability as an alternative to conventional solvent-based adhesive products. Moreover, the growing market for environment-friendly adhesives acts as an opportunity for the market water-borne segment growth. Water-based adhesives are free of toxic elements and hazardous organic elements, thus fulfilling the regulations.
Reactive & Other adhesives is predicted to rise with the fastest CAGR throughout the projection period. The market of this segment is driven by various factors, such as growing demand for light-weight vehicles, the rapid growth of solar electricity market, and global construction sector.
Silicone Segment is Supposed to Dominate the Sealants Market by Resin Type throughout the Forecast Period
Silicone-based sealants segment considered for over 40% market share of global Sealants market in terms of market value owing to its high compatibility, strength, stability, and durability, which gives it an ideal solution for bonding in production applications. Silicone sealants essentially find its applications in building and construction end-use industries for structural glazing, sealing metal-to-glass joints on windows and doors, and for bathroom and kitchen appliances. Other demanding applications cover expansion joints between dissimilar materials, and for weather sealing in high-rise buildings, airport runways, and highways. Other major end-use industries include electrical/electronic, automotive, appliance, etc.
Silicone-based sealants are followed by polyurethane-based sealants, as these sealants are replacing polysulfide sealants in many applications. Polyurethane-based sealants estimated to register the highest CAGR during the forecast period.
ToC:
Chapter 4. Global Adhesives Market, by Formulation Type, 2016 – 2026 (Kilo Ton, US$ Mn)
4.1. Overview
4.1.1. Global Adhesives Market Share Analysis, by Formulation Type, 2017 vs. 2026 (Value, %)
4.1.2. Global Adhesives Market, by Formulation Type, 2016-2026 (Kilo Ton, US$ Mn)
4.2. Water-based Adhesives
4.3. Solvent-based Adhesives
4.4. Hot-melt Adhesives
4.5. Reactive & Other Adhesives
Chapter 5. Global Sealants Market, by Resin Type, 2016 – 2026 (Kilo Ton, US$ Mn)
5.1. Overview
5.1.1. Global Sealants Market Share Analysis, by Resin Type, 2017 vs. 2026 (Value, %)
5.1.2. Global Sealants Market, by Resin Type, 2016-2026 (Kilo Ton, US$ Mn)
5.2. Silicone
5.3. Polyurethane
5.4. Plastisol
5.5. Emulsion
5.6. Polysulfide
5.7. Other Synthetic & Semi-Synthetic Resins
Chapter 6. Global Adhesives & Sealants Market, by End-use Industry, 2016 – 2026 (Kilo Ton, US$ Mn)
6.1. Overview
6.1.1. Adhesives & Sealants Market Share Analysis (Value, %), by End-use Industry, 2017 vs. 2026
6.1.2. Global Adhesives & Sealants Market, by End-use Industry, 2016-2026 (Kilo Ton, US$ Mn)
6.2. Paperboard & Packaging
6.3. Automotive & Transportation
6.4. Building & Construction
6.5. Woodworking & Joinery
6.6. Footwear & Leather
6.7. Consumer Goods
6.8. Others (medical, assembly operations, decorative films, etc.)
.........................toc continued
Browse the full report Global Adhesives & Sealants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/adhesives-and-sealants-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/59190
Contact Info:
Name: Chris Smith
Email: Send Email
Organization: Credence Research
Address: 105 N 1st ST #429, SAN JOSE,, CA 95103, United States
Phone: 18003618290
Website: https://www.credenceresearch.com
Release ID: 475174