Adhesives & Sealants Market 2018 – 2024
Adhesives are used to adhere different materials to form a single substance by binding them together and resisting their separation, whereas sealants are utilized to block the movement of fluids through openings or joints of a material. They offer excellent corrosion resistance at low cost, enhanced fatigue, and impact resistance to the product. Moreover, excellent flexibility, homogeneous distribution, and durable nature are the important trends and factors influencing the market confidently. Therefore, they are used in various applications such as pressure sensitive, construction, automotive, packaging, furniture, and others.
Among the various segments in the Adhesives & Sealants Market, the water-based segment is the leading technology used in the market owing to its extensive consumption in the end-user industries such as pressure sensitive, construction, automotive, and others. The acrylic segment holds the major portion of the market and is expected to continue its dominance on account of the extensive use of the product for caulking, grouting, jointing, and embedding in the construction sector. It is predicted that the polyurethane segment is set to grow at a higher CAGR due to its growing demand for the product in the packaging, construction, and automotive sectors. The market by application is segregated into pressure sensitive, construction, automotive, packaging, furniture, and others. Pressure sensitive is leading the market in application segment due to boundless use of adhesives in tapes or labels for non-structural applications. Moreover, the construction industry is set to grow at a rapid rate owing to the extensive use of adhesives in flooring underlayment, carpet laying, ceramic tile, countertop lamination, and others
Jan 2018 APF which is a Phoenix-based maker of systems for concrete coating in commercial, industrial and residential applications along with a flooring product line has been bought by the ICP Group who has the backing of Audax Private Equity, The financial terms of the deal were not made available. This move is expected to add scale to ICP Construction’s existing business for floor coatings and will provide the group a manufacturing facility on the west coast. The acquisition of APF is the group’s 8th deal under the ownership of Audax.
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Detailed Regional Analysis
The Adhesive and Sealant Market Around the world includes regions such as Europe, APAC, North America and Rest of the World. The North American market is the leading region for adhesives & sealants. The market in North America for the industry is expected to grow at an incomparable CAGR and is expected to reach double digit US$ Million in revenue by 2023. In terms of this industry, Europe is anticipated to be the second-largest market which will similarly to grow at an incremental CAGR rate.
Key Points from Table of Contents:
12. Company Profiles
12.1.3 Products & Services
12.2 H.B Fuller
12.2.3 Products & Services
12.3 Adco Global Inc
12.3.3 Products & Services
12.4 Ashland Inc
12.4.3 Products & Services
12.5 Avery Dennison Corporation
12.5.3 Products & Services
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