Global Adhesives and Sealants Market Industry Trends ReportPosted by anagha on August 4th, 2017 Adhesive is a material used to bind two surfaces together, while sealants are materials with adhesive properties that are used to seal, fill, waterproof, gaps, and joints between two surfaces. Moreover, due to high tensile and shear strength adhesive are classified into two categories such as structural adhesive and nonstructural adhesive. The chemicals formulation and technology involves in adhesive and sealants are similar. Water-based adhesive is expected to dominate the global adhesive market during the forecast period. Moreover, the silicon based sealants is also projected to be dominant segment in the market. Adhesives and sealants are expected to witness significant growth over the forecast period in the construction, packaging, and automobiles industries. Request Sample of Global Adhesives and Sealants Market: https://www.coherentmarketinsights.com/insight/request-sample/253 Adhesives and Sealants Market Taxonomy On the basis of product type, the global adhesives market is classified into:
On the basis of product type, the global sealants market is classified into:
On the basis of application, the global adhesives and sealant market is classified into:
On the basis of geography, the global adhesives and sealant market is classified into:
Adhesives and Sealants Market Outlook – Surging demand in Automobile and Construction Industry Augmenting Market Growth Asia Pacific is expected to be one the major revenue contributor due to its emerging economy and supportive government policies in the region. For instance, Make in India initiative by Government of India aims to raise the country’s passenger vehicle manufacturing to 9.4 million by 2026. Moreover, due to rampant economic growth in Asia Pacific and rapid urbanization, especially in India and China, the demand for adhesive and sealants is expected to witness tremendous growth over the forecast period from various end-use industries that are witnessing burgeoning growth. Demand for modern buildings and commercial complex with glass exteriors and interiors is increasing and in turn is expected to drive growth of the global adhesive and sealants market during the forecast period. Adhesives and Sealants Market Challenges – Environmental Impact Carbon dioxide (CO2) and Volatile Organic Compound emission are major environmental issues. Adhesive and sealants such as silver epoxy-based Electronic Conductive Adhesive (ECA) release CO2. Moreover, due to stringent government regulation on release of VOC emission to the atmosphere, end-use industries are actively opting for alternative to organic solvents and dispersing media. For instance, SIKA AG introduced new-generation adhesive SikaBond AT-75 for wood floor bonding, meeting highest EHS regulation. This is expected to be one of the key challenges for adhesive and sealants market during the forecast period. Bio-based based products such as soybean-derived polyols, vegetable-based polyamides, epoxies, and polyisoprenes are increasingly replacing the synthetic materials and additionally reduce the carbon footprints. Water based formulation contribute to a major share in adhesive whereas silicone-based sealant capture major share in sealants market. Adhesives and sealants market is highly dependent on the raw materials such as synthetic fibers, resins, and crude oil. The prices of these raw materials are highly volatile and hamper the growth of the adhesives and sealants market. Adhesives and Sealants Market – Regulatory Scenario:
Check the trending report of Global Adhesives and Sealants Market: https://www.coherentmarketinsights.com/ongoing-insight/adhesives-and-sealants-market-253 Some of the key companies dominating the market are 3M, The Dow Chemicals Company, Henkel AG & Co. KGaA, Avery Dennison, Royal Adhesives & Sealants LLC, Ashland Inc., Akzo Nobel NV, Arkema SA, BASF SE, Bemis Company Incorporated, Berry Plastics Corporation, RPM International, DuPont, and Evans Adhesive Corporation Limited, among others. Manufacturers are working closely with OEMs and R&D centers of the major automotive players to bridge the demand gap and offer tailor-made products About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Mr. Shah Coherent Market Insights #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com/ Visit Blog : http://globalresearchtrends.blogspot.in/ Like it? Share it!More by this author |