Industry Background:
The increasing use of adhesives & sealants in numerous applications including woodworking, automotive & transportation, consumer/DIY, building & construction, paper & packaging, leather & footwear, and others fueling the growth of adhesives & sealants market. Moreover, market players are focusing on advancement and the new product launch in the market. For instance, H.B. Fuller launched next Generation more sustainable Adhesive solutions for Woodworking at Ligna 2019 trade fair.
This growth is primarily driven by Increasing Demand for Low Carbon-Emitting and Lightweight Vehicles and Growing Demand from the Building & Construction Industry.
Globally, a noticeable market trend is evident Rising Demand of Green, Non-Hazardous, and Sustainable Adhesives. Major Vendors, such as Henkel (Germany), H B Fuller (United States), Sika (Switzerland), Arkema (France), Huntsman Corporation (United States), 3M Company (United States), Illinois Tool Works Inc. (United States), Avery Dennison Corporation (United States), DowDuPont Inc. (United States), Wacher Chemie Ag (Germany), RPM International Inc. (United States), Akzo Nobel N. V. (Netherlands), PPG Industries (United States), Lord Corporation (United States), Adhesives Research Inc. (United States), Delo Industrie Lebstoffe GMBH &Co. KGAA (Germany) and DYMAX Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
July 2019, Arkema acquired Prochimir advanced materials and specialty Chemicals Company acquired Prochimir engaged in high-performance thermobonding adhesive film manufacturing. With this acquisition, the company is aiming at expanding its product portfolio in solvent-free thermobonding solutions.
In July 2019, H. B. Fuller a leading adhesives manufacturing company launched a new non-water whitening adhesive for a no-label look, Fulltak SE 8116. It offers superior non-water whitening performance and excellent film clarity.
Regulatory Insights:
According to the South Coast Air Quality Management District, Rule 1168 was adopted in April 1989 to reduce VOC emissions from adhesive and sealant applications. The rule has been amended 14 times, the last amendment was in October 2017 and included VOC limit reductions for 18 categories and new reporting requirements. The rule applies to products used during manufacturing and to products used by consumers that are not regulated by the California Air Resources Board (CARB) Consumer Products Regulation.
Market Drivers
- Increasing Demand for Low Carbon-Emitting and Lightweight Vehicles
- Growing Demand from the Building & Construction Industry
Market Trend
- Rising Demand of Green, Non-Hazardous, and Sustainable Adhesives
Restraints
- Stringent Environmental Regulations Regarding Adhesives & Sealants
Opportunities
Increasing Demand from the Developing Economies and Emphasizing on Development of High-Performance Adhesives and Sealants
Challenges
Sluggish Economic Growth Globally
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Adhesives and Sealants Study Sheds Light on
The Adhesives and Sealants Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Adhesives and Sealants industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Adhesives and Sealants industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.