Global Adhesives and Sealants Market 2017-2021
About Adhesives and Sealants
An adhesive is a compound or a material that bonds two similar or different types of materials together to form a single unit. It is manufactured from synthetic and natural sources. A sealant is a compound used to stop the flow of fluids from the surface, joints, or openings in materials. Sealants are used for blocking dust, sound, and heat transmission. The global adhesives and sealants market is segmented based on technology (water-based, solvent-based, hot melt, and reactive); application (building and construction, paper and packaging, transportation, leather and footwear, furniture, and others).
Technavio’s analysts forecast the global adhesives and sealants market to grow at a CAGR of 5.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global adhesives and sealants market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Adhesives and Sealants Market 2017-2021
Technavio recognizes the following companies as the key players in the global adhesives and sealants market: 3M, Henkel, H.B. Fuller Company, Sika, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Avery Dennison Corporation, Covestro, DAP Products, Delo, Dow Corning Corporation, Dymax Corporation, Eastman Chemical Company, Evonik Industries, Franklin International, Huntsman International, Illinois Tool Works, Jowat, LORD Corporation, MACtac, MAPEI, Permatex, The Reynolds Company, Royal Adhesives & Sealant, RPM International, SABA, and Wacker Chemie.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of adhesives in medical devices. The growing demand for adhesives in the medical application is expected to foster the demand for adhesives and sealants during the forecast period. In the medical application, the adhesives often outperform the traditional fasteners.”
According to the report, one driver in the market is growing demand from construction and food packaging applications. The growing demand for adhesives and sealants in construction and packaging segment is expected to drive the demand for global adhesives and sealants market. Adhesives perform various functions in the building and construction industry. It is commonly used in fixing of resilient flooring, roof tiles, and roofing systems. It offers better stability, durability, and strength for the building components. It is commonly used as the bonding material for floor fixing between the substrate and the existing floor.
Further, the report states that one challenge in the market is volatility in raw material prices. The polymeric materials are commonly used for the production of adhesives and sealants. The acrylic, silicone, polyurethane, EVA, and others are some of the raw materials used in the production of adhesives and sealants. Most raw materials used for the production of adhesives and sealants are the downstream products of crude oil. The high crude oil price is expected to affect the raw material prices of adhesives and sealants. For instance, Dow Polyurethanes Europe, India, the Middle East, and Africa announced price increase of raw materials such as polyols, toluene diisocyanate (TDI), and methylene diphenyl diisocyanate (MDI) products on May 2016.
3M, Henkel, H.B. Fuller Company, Sika, The Dow Chemical Company, Avery Dennison Corporation, Covestro, DAP Products, Delo, Dow Corning Corporation, Dymax Corporation, Eastman Chemical Company, Evonik Industries, Franklin International, Huntsman International, Illinois Tool Works, Jowat, LORD Corporation, MACtac, MAPEI, Permatex, The Reynolds Company, Royal Adhesives & Sealant, RPM International, SABA, and Wacker Chemie.
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