Industry Background:
Rapid technological advancements and growing demand for bio-based adhesives and sealants will foster overall market growth. An adhesive is a chemical mixture that joins two surfaces together to form a single unit, whereas a sealant is a semisolid material used to prevent fluid leakage. Adhesives and sealants are formulated with similar chemicals and technologies and are used in a related range of applications. Increasing demand from automotive, construction, packaging, furniture, footwear, and pressure-sensitive applications is the primary factor driving growth. The outbreak of the novel COVID-19 pandemic has severely impacted the overall growth of the global adhesives & sealants market for manufacturing industry during 2020. The economic toll of the COVID-19 crisis on stakeholders, suppliers, manufacturers, and end-users, especially in 2020, is expected to put forward several barriers for the players involved in the adhesives & sealants market for the manufacturing industry, including manufacturing, pricing, and transportation.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Huntsman Corporation (United States), 3M Company (United States), Illinois Tool Works Inc. (United States), Avery Dennison Corporation (United States), Henkel (Germany), H B Fuller (United States), Sika (Switzerland), Arkema (France), DowDuPont Inc. (United States) and Wacher Chemie Ag (Germany) |
This growth is primarily driven by Rising Popularity of Lightweight and Low Carbon-Emitting Vehicles and High Demand for Adhesives and Sealants in APAC.
Globally, a noticeable market trend is evident High Adoption for Adhesives and Sealants From the Building & Construction
The Chemicals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Huntsman Corporation (United States), 3M Company (United States), Illinois Tool Works Inc. (United States), Avery Dennison Corporation (United States), Henkel (Germany), H B Fuller (United States), Sika (Switzerland), Arkema (France), DowDuPont Inc. (United States) and Wacher Chemie Ag (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
High Adoption for Adhesives and Sealants From the Building & Construction and The shift in Preference to Hot-Melt Adhesives
Market Growth Drivers:
Rising Popularity of Lightweight and Low Carbon-Emitting Vehicles and High Demand for Adhesives and Sealants in APAC
Challenges:
The COVID 19 Outbreak has Disrupted Most of the Supply Chain around the World and Shifting Rules and Changing Standards
Restraints:
Environmental Regulations in North America and Europe
Opportunities:
Industrial Globalization Acting as A Potential Change for Market Growth and Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Adhesive Sealants Market
- Analysis about New Entrants in Adhesive Sealants Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Adhesive Sealants Study Sheds Light on
The Adhesive Sealants Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Adhesive Sealants industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Adhesive Sealants industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.