DUBLIN--(BUSINESS WIRE)--The "Global Adhesives and Sealants Market - Segmented by Technology, Product Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
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 5.1% and 6.1% respectively, during the forecast period (2018-2023).
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 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.
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.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- 3M Co.
- Adhesive Technologies Corp.
- American Biltrite Inc.
- American Chemical Inc.
- Arkema Group (Bostik SA)
- Ashland Inc.
- Beardow & Adams (Adhesives) Ltd
- Benson Polymers Ltd.
- Franklin International
- H.B. Fuller Co.
- Henkel AG & Co. KGaA
- Huntsman Corp.
- ITW Performance Polymers (Illinois Tool Works Inc.)
- Jowat AG
- LORD Corp.
- Mapei Spa
- Master Bond
- Ninghai Dingcheng Adhesive Co. Ltd.
- Permabond Engineering Adhesives Ltd.
- Pidilite Industries Ltd.
- Sika AG
- The Reynolds Co.
- Wacker Chemie AG
- Yokohama Industries
For more information about this report visit https://www.researchandmarkets.com/research/6q4kd9/global_adhesives?w=4