Adhesives and Sealants Market
Adhesives and Sealants Market Key Players:
Adhesives and Sealants Market are: 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.
Adhesives and Sealants Market Overview:
Adhesives and Sealants has been on an incremental growth pace. Market Research Future which deals with specialized market reports related to the chemicals and materials sector amongst others, lately published a report on this industry. The industry is expected to generate unparalleled revenues while evolving with a motivating CAGR per cent.
The sealants and adhesives incremental pace has been primarily due to the diversification in the number of application and the number of end users. Product development and R & D practices adopted by the industry have been beneficial to the progress of the market. Their applications in automobiles and waterproofing market have been the major sectors driving the growth of the market. Amplified usage of adhesives in the medical sector has added new growth prospects of the industry.
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Adhesives and Sealants Market Synopsis:
The latest trend gaining momentum in the market is reportedly the rise in demand for structural adhesives from wind energy sector. The wind turbine composite materials market is predicted to grow rapidly, due to the increase in the number of wind power capacity additions globally. One of the major drivers for this market is increase in urbanization and infrastructure investment. It is suggested that the growth in urbanization and increase in infrastructure investment is driving the market for structural adhesives.
Adhesives and Sealants Market Segmentation:
Adhesives and Sealants for handheld devices market is divided into sealants, adhesives, application, and region. On the basis of sealants, the adhesives and sealants for handheld devices market is segmented into silicone sealants, acrylic latex sealants, epoxy sealant, polyurethane sealant, butyl sealant, and others. Among all, silicone sealants give waterproof shield and suitable for internal and external applications in handheld devices. They also give excellent UV resistance and durability, color fastness, and clear grades to handheld devices. Butyl sealants are manufactured from rubber compound with selected fillers and plasticizers. They used to provide excellent air-sealing and weatherproofing properties for lap sealing in handheld devices. This kind of sealant is the best choice in handheld application, where the combination of moisture and cold temperatures would cause the break-down of other sealants. These are permanently pliable, moisture resistant, non-paintable, non-skinning, and non-staining.
Adhesives and Sealants Market Geographical Analysis:
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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Adhesives and Sealants Market Application:
Adhesives and 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.
Adhesives and Sealants are those material which are used to hold two surfaces together. Adhesives are predominantly used to bond surfaces in permanent manner whereas sealants are used to fill the gap after application of adhesive. These are majorly utilized in end use application such as laptops, mobile phones & tablets, medical devices, hard disc drives, and others. Furthermore, electronics industry is predicted to witness significant growth due to numerous factors such as rising population, growing disposable income, and increasing popularity of gaming and detachable laptops. Hot melt adhesives are a kind of humidity resistance adhesive and find wide application scope in tablets, smart watches, smartphones, and tablets. With the above mentioned reason, hot melt adhesive is predicted to register healthy growth over the assessment period. Pressure sensitive adhesive is expected to register strong growth on account of its wide utilization in medical devices such as blood glucose monitoring strips.
Adhesives and Sealants Market Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in adhesives and sealants for handheld devices market growth. North America holds the second position for adhesives and sealants for handheld devices market and is another profitable market in terms of value and volume after APAC. UK, Canada, and United Mexican States led the demand for adhesives and sealants for handheld devices in this region. Europe accounted for the third largest share in the global adhesives and sealants for handheld devices market. On the other hand, Latin America, Middle East & Africa is another growing market for adhesives and sealants for handheld devices and likely to show better growth rate over the forecast period.
Adhesives and Sealants Market Table of Content to be Continue…….,
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