New York, According to a new market research report published by Global Insight Services “Adhesives and Sealants Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Adhesives and sealants are materials that are used to join two or more surfaces together. Adhesives are typically used to bond two surfaces together, while sealants are used to fill in gaps and prevent leaks. Adhesives and sealants are available in a variety of formulations, including water-based, solvent-based, and hot-melt.
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Key Trends
There are three key trends in adhesives and sealants technology:
1. Adhesives and sealants are becoming more specialized. This is due to the increasing number of applications for these materials, as well as the need for more specific properties in certain applications.
2. Adhesives and sealants are becoming more durable. This is due to the development of new formulations and the use of stronger materials.
3. Adhesives and sealants are becoming more environmentally friendly. This is due to the development of new formulations that are less harmful to the environment.
Key Drivers
There are a few key drivers of the Adhesives and Sealants market.
Firstly, the ever-growing demand for packaged food and beverages is fuelling the need for Adhesives and Sealants.
Secondly, the increasing popularity of do-it-yourself (DIY) projects is also driving the market growth.
Thirdly, the rising construction activities around the globe are fuelling the demand for adhesives and sealants. Lastly, the growing automotive industry is also driving the market growth.
Market Segments
The adhesives and sealants market is segmented by application, resin type, and region. By application, the market is classified into building, automotive, consumer, and others. Based on resin type, it is bifurcated into silicone, emulsion, polysulfide, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global adhesives and sealants market includes players such as Arkema S.A., BASF SE, Evonik Industries AG, H.B. Fuller, Henkel AG & Co KGAA, Lord Corporation, Scott Bader Co, Sika AG, The 3M Company, Uniseal Inc, and others.
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Reasons to buy Adhesives and Sealants Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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