New York, According to a new market research report published by Global Insight Services “Adhesives & 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 are substances that are used to bind two surfaces together. Sealants are used to fill gaps and prevent leaks. Adhesives and sealants are used in a variety of applications, including construction, automotive, and aerospace.
Adhesives are typically made from synthetic polymers, such as epoxy, polyurethane, or acrylic. Sealants are usually made from silicone, latex, or urethane. Adhesives and sealants can be applied manually or with automated equipment.
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Key Trends
Some of the key trends in adhesives and sealants technology include:
1. Development of new and improved formulations: Formulations are constantly being improved in order to provide better performance, lower costs, and/or reduced environmental impact.
2. Increased use of renewable and sustainable raw materials: There is an increasing focus on using renewable and sustainable raw materials in adhesives and sealants formulations in order to reduce the environmental impact of these products.
3. Greater use of nanotechnology: Nanotechnology is being used increasingly in adhesives and sealants formulations in order to improve performance and/or reduce costs.
4. Improved testing and characterization methods: Improved testing and characterization methods are being developed in order to better understand the properties and performance of adhesives and sealants.
Key Drivers
The adhesives and sealants market is driven by various factors, such as the growing construction industry, the increasing demand for adhesives and sealants from the automotive industry, and the growing demand for adhesives and sealants from the packaging industry. Other factors that are driving the growth of the adhesives and sealants market include the increasing use of adhesives and sealants in the electronics industry and the growing demand for adhesives and sealants from the medical sector.
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Market Segmentation
By Product Type
- Adhesive
- Sealant
By Application
- Paper Board & Packaging
- Building & Construction
- Woodworking & Joinery
- Transportation
- Others
Key Players
The key players in the Adhesives & Sealants market are 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 and Uniseal, Inc.
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Reasons to buy Adhesives & 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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