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Adhesives and Sealants Market To Exhibit Huge Demand Due To Rising Growth Of Automotive Packaging And Construction Industries Till 2020: Grand View Research, Inc.

Adhesives and Sealants Market To Exhibit Huge Demand Due To Rising Growth Of Automotive Packaging And Construction Industries Till 2020: Grand View Research, Inc.

January 24
13:24 2018

Grand View Research, Inc. – Market Research And Consulting.
According to new report published by Grand View Research, the global market for adhesives and sealants will reach USD 43,195.5 million by 2020. Rising adoption of facades, insulation, lamination, flooring, coatings, and panel lamenting are projected to further boost the product demand.

According to a report by Grand View Research, Inc.; the worldwide adhesives and sealants market is projected to reach a valuation of USD 43,195.5 million by 2020. Adhesives are extensively used to attach two objects together. Sealants, on the other handcan fill the space between two objects. Growth of automotive packaging, furniture, and construction industries in developing countries can drive the market during the forecast period (2014 to 2020). Rising adoption of facades, insulation, lamination, flooring, coatings, and panel lamenting are projected to further boost the product demand.

Sealants are available in a viscous form and utilized in many applications that require corrosion resistance, material insolubility, and easy substrate penetration. High demand for adhesives in pressure sensitive and automotive applications is expected to drive the market in near future. Automotive adhesives and sealants are helpful for bonding dissimilar materials, light weighting, and reducing noise vibration and harshness (NVH), and others. They can be utilized in many vehicle applications including exterior, interior, electronics, powertrain, and others. In addition, rising research and development (R&D) activities to develop bio based adhesives and sealants may impel market expansion through 2020. Bio-based products can help decrease carbon footprints, therefore, are increasingly preferred over synthetic products. Key bio-based products comprise vegetable-based polyamides, soybean-derived polyols, polyisoprenes, and epoxies.

Full Research Report On Adhesives and Sealants Market Analysis: https://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market

China adhesives market volume by technology, 2012-2020 (Kilo Tons)

China adhesives market volume by technology, 2012-2020 (Kilo Tons)

However, instability in prices of key feedstock is likely to be a key challenge for the manufacturers in adhesives and sealants market. Additionally, strict regulatory policies, especially in U.S. and Europe due to increasing environmental concerns may further restrain the market over the forecast period.

The global adhesives and sealants market can be segmented on the basis of adhesive technology, adhesive product, adhesive application, sealant product, and sealant application. Adhesives technology can be fragmented into water-based, hot melt, solvent-based, reactive, and others. Adhesives product can be segmented into polyvinyl alcohol (PVA), acrylic, styrenic block, polyurethane, ethylene-vinyl acetate (EVA), epoxy, and others. Adhesive applications can be classified into packaging, pressure sensitive applications, construction, furniture, automotive, footwear, and others. Sealant products are divided into polyurethane, silicones, PVA, Acrylic, and others. Sealant application segments are automotive, construction, packaging, pressure sensitive tapes, assembly, consumer, and others.

Geographically, the market for adhesives and sealants can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In 2014, Asia Pacific dominated the global market and is estimated to hold over 40% market share in terms of overall demand followed by Europe and North America. Europe accounted for over 28% of total market volume in 2013. Asia Pacific is likely to grow rapidly with CAGR of 5.9% and 5.3% from 2014 to 2020. This growth can be attributed to high demand from construction, packaging, and automotive, among other end-use industries. Growing residential as well as industrial construction, mainly in India and China may drive demand for these products.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/bulk-chemicals

North America is expected to drive the market for adhesives and sealants due to technological developments and demand for water-based adhesives. High demand from footwear, furniture, and pressure sensitive applications may impel regional growth over the forecast period. Water based adhesives are likely to replace with solvent based adhesives in United States in the near future.

Leading players operating in the adhesives and sealants market include Ashland Inc.; BASF; Avery Dennison; Ellsworth Adhesives; and Eastman Chemical Company. Most market players have shifted their focus on development of renewable substitutes to petroleum based products. Renewable adhesives and sealants manufactured using vegetable oils are eco-friendly and less expensive compared to synthetic products. Manufacturers are keen on developing green additives like non-hazardous plasticizers, vegetable-based waxes, and bio-solvents to replace synthetic raw materials.

Sealants were traditionally formulated with silicone or acrylic-based materials. Now, they can be manufactured with renewable feedstock and new technologies for improving product properties. Advanced technologies such as anchoring and multipurpose sealants developed by Sika AG have waterproof properties designed for automotive applications. Recently, the company has developed the SikaFast 3300 and SikaFast 3500 Structural methyl methacrylate (MMA) adhesives. These adhesives can be applicable for industrial assembly operation and transportation applications. These SikaFast lines are based on toughened-MMA technology. Both products can provide fast setting and long open time systems, suitable for assembly processes.

Access Full Press Release Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/global-adhesives-and-sealants-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market

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