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Global Adhesives and Sealants Market - Segmented by Technology, Product Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)

Global Adhesives and Sealants Market - Segmented by Technology, Product Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)

As of 2017, in the adhesives & sealants market, adhesives segment was valued at USD 46,104.45 million and sealants at USD 9,530.5 million, which are expected to register CAGR of 5.10% and 6.1% respectively, during the forecast period (2018-2023). Asia-Pacific is likely to lead the market, due to the rapid economic growth.

Growing Demand in the Composites Segment

The usage of adhesives for composites joints has been consistently increasing in numerous applications, such as consumer packaging, aerospace, and automotive. The demand for and usage of composites, owing to their properties (like, reduced weight, improved aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness) has been growing. Therefore, an increase in the composite segment of the market is expected boost the adhesives & sealants market.

The recovering construction industry in Europe and growing demand for electric vehicles across the world are expected to offer a number of opportunities to the adhesives & sealants market. The volatility in the raw material prices affects and increases the pressure on the profit margins of the adhesives & sealants manufacturers. This factor is a restraint for the market growth.

The Packaging Industry Leads the Market

The packaging industry generates the highest revenue in the market whereas the transportation industry records the highest CAGR. The demand for adhesives in the packaging industry is growing, with higher end-user applications. Online retail shopping has increased at a higher rate with rising internet technologies and web applications, which has largely supported the growth of the packaging industry. Moreover, the demand for cosmetics and food & beverage products is expected to grow, due to the growing population and demand for quality products, urbanization, and consumers inclining toward technology, hence increasing the demand for packaging industry. Therefore driving the demand for adhesive & sealant market.

Asia-Pacific to Lead the Market

In Asia-Pacific adhesives & sealants market, adhesives generated over USD 26.5 billion and sealants about USD 5.5 billion, based on revenue, in 2017. Increase in the number of female workers, rise in dual income nuclear families, growth in disposable income, and higher per capita expenditure on social and cultural factors are a few factors fueling up the demand in the Asia-Pacific market. Also, there is a rise in the government funding for public welfare in the region.

The construction sector in countries, such as China and India, is growing at a higher rate with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, and others, which, in turn, is propelling the demand for adhesives & sealants market in the region.

Notable Developments in the Market

December 2017: Henkel acquired Darex Packaging Technologies business, supplier of high-performance sealants and coatings for USD 1.05 billion.

Major Players: Henkel AG & Co. KGaA, 3M, H.B. Fuller, Arkema Group (Bostik), ITW Performance Polymers (Illinois Tool Works Inc.), Sika AG, Mapei, RPM, and DowDuPont, amongst others.

Reasons to Purchase the Report

The impact of end-user applications on the market
Various perspectives of the market with the help of Porter’s five forces analysis
The dominating technology in the market
Countries that are expected to witness the fastest growth during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Economic Growth in Asia-Pacific
4.1.2 Advancement in the Automotive Industry
4.1.3 Revolution in the Packaging Industry
4.1.4 Shifting Focus Toward Composites
4.2 Restraints
4.2.1 Volatility in Raw Material Prices
4.2.2 Emission of VOC
4.3 Opportunities
4.3.1 Development of Electric Vehicles
4.3.2 Advancement in the Packaging Industry
4.3.3 Infrastructral Development in the Middle East & Europe
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Technology
5.1.1 Water-borne Acrylics Polyvinyl Acetate (PVA) Emulsion Ethylene Vinyl Acetate (EVA) Emulsion Polyurethane Dispersions (PU) CR (Chloroprene Rubber) Latex Others
5.1.2 Solvent-borne Styrene-butadiene Rubber Chloroprene Rubber Poly Acrylate (PA) Polyurethane Others
5.1.3 Reactive Epoxy Modified Acrylics & Cyanoacrylates Silicone Polyurethane Anaerobic Others
5.1.4 Hot-melts Ethylene Vinyl Acetate Synthetic Rubbers Others
5.1.5 Others
5.2 Sealants by Product Type
5.2.1 Silicone
5.2.2 Polyurerthane
5.2.3 Acrylic
5.2.4 Polyvinyl Acetate
5.2.5 Others
5.3 By End-user Industry
5.3.1 Building & Construction
5.3.2 Paper, Board, & Packaging
5.3.3 Woodworking & Joinery
5.3.4 Transportation
5.3.5 Footwear & leather
5.3.6 Healthcare
5.3.7 Electronics
5.3.8 Others (Textile, Consumer Goods, etc.)
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 Malaysia
6.1.3 India
6.1.4 Japan
6.1.5 South Korea
6.1.6 Indonesia
6.1.7 Australia & New Zealand
6.1.8 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 UAE
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 3M
8.2 Adhesive Technologies Corp.
8.3 American Biltrite Inc.
8.4 American Chemical Inc.
8.5 Arkema Group (Bostik SA)
8.6 Ashland Inc.
8.7 Beardow & Adams (Adhesives) Ltd
8.8 Benson Polymers Ltd
8.9 DowDuPont
8.10 Dymax
8.11 Franklin International
8.12 H.B. Fuller Co.
8.13 Henkel AG & Co. KGaA
8.14 Huntsman Corp.
8.15 ITW Performance Polymers (Illinois Tool Works Inc.)
8.16 Jowat AG
8.17 LORD Corp.
8.18 Mapei Spa
8.19 Master Bond
8.20 Ninghai Dingcheng Adhesive Co. Ltd
8.21 Permabond Engineering Adhesives Ltd
8.22 Pidilite Industries Ltd
8.23 Sika AG
8.24 The Reynolds Co.
8.25 Wacker Chemie AG
8.26 Yokohama Industries
*List Not Exhaustive
9. Disclaimer
**Subject to availability on public domain

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