Hybrid Adhesive & Sealant Market Report Forecasts Healthy Growth by 2023Posted by Market Research Future on July 19th, 2018 Synopsis of Hybrid Adhesive & Sealant Market: Hybrid Adhesive and Sealants are modified adhesive & sealant which are produced by a combination of two different classes of polymeric resin to offer superior properties such as excellent flexibility & elongation, high thermal resistance, and peel strength. Moreover, they provide adhesion to various types of substrates including plastics, woods, ceramics, and metals. Hybrid Adhesive & Sealants find numerous application scope such as building & construction, automotive, and general industry due to various properties such as high tear & abrasion resistance, strong dynamic stress absorption, good shock & vibration resistance, chemical & UV resistance. As per our analysis, some of the important market factors and trends identified in the Global Hybrid Adhesive & Sealant Market include rising automotive production & sales, growing construction sector, and rapid industrialization. Additionally, increasing demand for air travel in developing countries is expected to raise the demand for Hybrid Adhesive & Sealant Market. Growth in demand for air travel can be attributed to the increasing disposable income coupled with affordable fares offered by various airlines. Increase in air traffic leads to the rising demand for newer aircraft and associated service, which in turn, drive the demand for hybrid adhesive & sealant. Furthermore, rising investment in the construction activities of hospitals, hotels, colleges, and universities are expected to fuel the demand for Hybrid Adhesive & Sealant Market. Though the Hybrid Adhesive & Sealant Market is growing at a significant rate, the lack of awareness regarding the benefit of Hybrid Adhesive & Sealant among potential Adhesive & Sealant manufacturers of the developing countries hinder the growth of the market. Key Players:Some of the prominent players operating in the Global Hybrid Adhesive & Sealant Market are Henkel AG & Co. KGaA (Germany), Soudal Inc. (Belgium), H.B.Fuller (U.S.), Bostik S.A. (France), 3M (U.S.), Sika AG (Switzerland), Wacker Chemie AG (Germany), TREMCO ILLBRUCK (Germany), Kisling AG (Switzerland), Illinois Tool Works Inc.(U.S.), and others. Geographical Analysis:The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Intended Audience
Industry/ Innovation/ Related News:May 2017- Den Braven, the Netherlands based company announced that the company has modified their polyurethane and silicone sealant through research and technological advancement in hybrid technology. The company launched a new range of new high performance sealants and adhesives. These products have very low VOC content and environment friendly. With this product launch the company enhance its product portfolio and improves its position in global market. September 2017- Henkel Adhesive Technologies India Ltd., a part of Henkel AG conducted a conference in Pune, in which company launched its Loctite Hybrid Adhesive. The launch of high performance adhesive strengthen Henkel’s position among the global hybrid adhesive & sealant manufacturers. August 2016- tremco illbruck announced to invest around USD 12.2 million at its Traunreut and Bodenwohr site. Traunreut manufacturing facility is one of the leading hybrid adhesive and sealant manufacturers in Germany and Europe. The company is set to double it’s capacities in this segment. With this capacity expansion, the company expand its global reach and its market position in Europe. Segmentation:The Global Hybrid Adhesive & Sealant Market is classified on the basis of resin type, application, and region. Based on resin type, hybrid adhesive & sealant market is segmented into MS polymer, epoxy-polysulfide, epoxy-polyurethane, epoxy-cyanoacrylate, and others. Based on application, the market is segmented into building & construction, automotive & aerospace, marine, general industry, and others. Based on regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Regional Analysis:The Global Hybrid Adhesive & Sealant Market is segmented into five regions namely - Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific is estimated to grow at the highest CAGR during the forecast period due to increasing demand from various applications such as building & construction, automotive, and general industry among others. The robust demand for Hybrid Adhesives & Sealants is predicted to surge in economies of Asia Pacific such as China, India, South Korea, Taiwan, Singapore, and Vietnam. The growth of the market is driven by the huge demand in building & infrastructure sector as well as growing automobile production and sales. Moreover, growing purchasing power, developing infrastructure, and implementation of new development strategies to fulfil the demand for Hybrid Adhesive & Sealant in the increasing applications are the important factors for the regional market growth. Asia Pacific has emerged as the largest market for Hybrid Adhesive & Sealant followed by North America and Europe. North America is estimated to witness a significant growth in Hybrid Adhesive & Sealant Market due to the recovery of automotive sector along with escalating investments to revitalize building & construction sector. In Europe, countries such as Spain, Russia, Germany, and UK have emerged as prominent consumer markets due to developed end use industries and technological advancements. Additionally, rising number of infrastructural & commercial projects in North America and Europe is expected to drive the growth of the market. Moreover, regional Adhesive & Sealant manufacturers are shifting their focus on improving the initial strength of adhesives & sealant. With such product improvements, Hybrid Adhesive & Sealant are predicted to gain prominence during the review period. Latin American countries such as Brazil, Argentina, and Mexico are predicted to drive the demand for hybrid adhesive & sealants in the growing automotive sector. Additionally, the Middle East & Africa is estimated to witness a strong growth over the forecast period. Increasing investments in institutional as well as commercial construction sector in Turkey, Oman, Kuwait, and Saudi Arabia is estimated to positively influence industry growth over the forecast period. Browse Full Report@ https://www.marketresearchfuture.com/reports/hybrid-adhesive-sealant-market-4325 Like it? Share it! More by this author |