Pune, India -- (SBWire) -- 04/29/2019 --The Infinium Global Research analyses the Adhesives and Sealants Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in global adhesives and sealants market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of adhesives and sealants.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the adhesives and sealants market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively.
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Adhesives and sealants market: Industry Insights
An adhesive is a substance which binds two different surfaces. Adhesives play an important role in the fabric industry, Hot Melt Adhesives for a mattress, carpentry, ceramic and leather industry, packaging, paint industry, and others. While sealant is a substance used to block the openings in joints to provide a protective coating. Based on type sealants are divided into chemically reactive, physically reactive, and non-reactive sealants. Sealants have a functional role in the automotive industry, Aerospace industry, HVAC systems, Casting, Aquariums, Hydraulic systems, and others.
Adhesives and sealants market: Drivers and Restraints
vast applications in growing industries like automobile, aerospace, infrastructures are pushing the demand of Adhesive and Sealants, to achieve a lightweight of vehicle engineers are replacing welding part with adhesives to increase efficiency and economic benefits also sealants are used to support large glass panels into big infrastructures for better attachment and durability. Moreover, rising demand for sealants and adhesive in packaging and woodworking industries which holds the largest share for the consumption of adhesive and sealants are influencing the market growth. However stringent government regulation related to environment safety can hinder the growth of the market.
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Adhesives and sealants market: segmentation
Adhesive and sealant market segmented based on product type, technology and application. Product segment further sub-segmented into Acrylic polyurethane, polyvinyl acetate (PVA), Epoxy, and EVA. PVA and epoxy are dominating the segment owing to their large use in infrastructure and wood industries. The technology segment comprises of Water Based, Solvent Bases, Hot Melt & Reactive and others. Water-based segment further sub-segmented into polyacrylic ester emulsion, vinyl acetate ethylene emulsion, polyvinyl acetate emulsion and others, whereas the solvent-based segment is bifurcated into polyamide, styrene butadiene and styrene rubber resin, chloroprene rubber, and others. Similarly, the hot-melt-based segment is categorised into polyurethane, styrene block copolymers, polyolefin, ethylene vinyl acetate resin and others. Application segment compromises of Pressure Sensitive, Construction, Automotive, Packaging, Transportation, Footwear, Furniture and Others.
Adhesives and sealants market: Regional insights
Geographically, Global adhesive and sealant market segmented by North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is anticipated to grow with soaring CAGR during the forecast period. Factors like growing industrialisation, increasing demand in automobile, infrastructure and leather & footwear industries augmenting the growth of the market in this region. The North American and Europe markets are expected to grow with a steady rate in the forecast year.
Adhesives and sealants market: competitive analysis
Some of the market players with a large share in the market are Henkel AG & Co., KGaA, 3M, H.B., Fuller, Arkema Group (Bostik), ITW Performance Polymers (Illinois Tools Works), Sika, Mapei, RPM, Dow Chemicals and others.
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