Industry Forecast

Adhesives and Sealants Market by Application, Product Growth over 2016-2023

Press Release   •   Aug 10, 2017 07:17 EDT

The global Adhesives and Sealants Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Global Adhesives and Sealants Market is projected to surpass USD 40 billion and USD 9.5 billion from 2015 to 2023, respectively. Global Market Insights Inc. has published a new study based report on Adhesives and Sealants industry. The report talks about the market in terms of definition, classification, estimations in terms of value and volume.

It features the current and future forecasts as per the parallel industrial and financial outlook. Furthermore, it covers current events and trends of leading global companies including important developments, mergers and acquisitions, partnerships and agreements, investments and expansions, etc. It also discusses about the key aspects like drivers, impediments, opportunities and challenges that influence the market.

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Reasons to Buy This Report:

1. Adhesives and Sealants Market size & share forecast by product & application 2016-2023

2. Growth drivers, pitfalls & industry challenges

3. Key Adhesives and Sealants Market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Adhesives and Sealants Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

The need of higher performance characteristics has lead the adhesives market gradually to shift from the conventional solvent based adhesives towards the application of superior -performance products including pressure sensitive and reactive hot melts adhesives.

This gradual and steady shift in segment is furthering the overall demand growth of hot melt adhesives. Waterborne adhesive market size is estimated to dominate the technology segment in adhesives and sealants market during the forecast period.

Growth in automobile production, infrastructure development is likely to have a positive impact on the demand growth. Growing use of polymer and plastic in light weight automobiles to improve efficiency is anticipated to impel market size, with expected growth of 4.9% and 5.9% during the expected timeframe.

The report also covers the in-depth analysis of the industry segmented on the basis of key regions. Advent of technology focused on sustainable and smart products is driving demand for sealants in various regions including Europe and North America attributed to various innovations including reduced cure time, superior performance benefits including resistance to gas and chemicals, improved seals, superior adhesion to a range of substrates, etc.

Escalation in construction expenses in Indonesia, China and India is poised to boost demand. European silicone sealants market demand is forecast to observe a substantial growth in next few years.

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China adhesives market size, was over USD 5 billion in 2015. Favorable regulation promoting growth along with FDI schemes to promote end-use industries growth should drive regional product demand. Asia Pacific formed a major share in global pressure sensitive adhesive market in 2015.

North America, dominated by U.S. adhesives market size, should surpass USD 8.5 billion by 2023. Growth in construction spending along with growth in automobiles sales in the region should boost product demand.

Europe sealants market size should exceed 700 kilo tons by 2023. Presence of major automotive industries in Germany and France should drive regional industry growth. China sealants market size should surpass USD 2 billion by 2023. Silicones and PU were the major products used for numerous applications.

Global adhesives and sealants market share is moderately fragmented as top four companies constitute over 40% of the overall share. Some companies operating in this industry are Dow Chemical, 3M, HB Fuller, Henkel, Sika AG, BASF, Ashland, Uniseal, Bayer, N.D. Industries, Eastman Chemical, Bostik, Avery Dennison, Acucote, Creative Materials and Franklin International. Some companies are present across the value chain which benefit better production output.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.