Global Adhesives and Sealants Market: Industry Analysis & Outlook (2018-2022)
Adhesion, bonding and sealing have become essential proficiencies for joining/sealing two or more substrates with each other. This technique is not just required for industrial purpose, but also in day to day life. Adhesion/Bonding expedites the production of laminated materials, facilitates mobility and communications, absolutely molds the management of food industry, and supports health and hygiene sector, thereby meliorating the quality of lives. Moreover, several novel and innovative products could not be manufactured without employing adhesion techniques. On the other hand, the sealing technique allows filling of spaces or holes existing between two or more substrates and is a crucial element in building and construction industry.
Adhesive is a common umbrella term incorporating cement, glue, mucilage, and paste among other adhesives. The key function of an adhesive as a composite is to adhere to an object or bond two substances together. Sealants fall between the higher-strength adhesives and extremely low-strength putties and caulks. A sealant is a soft, pliable material that is mainly used to seal cracks of joints where structural strength is not required.
Asia-Pacific is a major contributor to the global adhesives and sealants market supported by increased construction spending, automobile sales and demand for adhesives from countries like India and China. North America and Europe also supported the global adhesives and sealants market with their growing transportation and construction sectors.
The global adhesives and sealants market is expected to grow in future due to increasing construction expenditure, rising urbanization, growing automobile production and improving economic growth. Key trends of this market include growing end markets, increasing demand for adhesives in emerging countries, growing consumption of adhesives in different regions, development of eco-friendly adhesives and sealants and growing demand for thermal and noise insulation. However, there are some factors which can hinder the market growth including stringent legal norms.
The report “Global Adhesives and Sealants Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Asia-Pacific, North America and Europe along with the global market. The report profiles the key players of the market including 3M, Henkel, Arkema and H.B. Fuller.