Adhesives and Sealants Market Report, Share, Size, Trends, Demand, Growth and Forecast 2021 to 2026
October 13, 2021
The global adhesives and sealants market reached a value of US$ 65 Billion in 2020. IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026.SHERIDAN, WYOMING, UNITED STATES, October 13, 2021 /EINPresswire.com/ -- IMARC Group’s latest report, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the adhesives and sealants market size to grow at a CAGR of 5.6% during 2021-2026. Adhesives and sealants are sticking agents employed to attach, bind, and fasten two or more surfaces. They are manufactured using various organic and inorganic compounds, including acrylic-, polyurethane-, and silicone-based materials. Adhesives and sealants have high shear and tensile strength, due to which they are commonly used on metals, wood, glass, and plastics. They also fill the gaps between substrates, which act as a barrier or protective coating, thereby preventing fluid leakage.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Adhesives and Sealants Market Trends:
The global adhesives and sealants market is primarily driven by its extensive use in the construction industry for flooring, waterproofing, and plumbing applications. Adhesives and sealants also find diverse applications in both interior and exterior automotive applications. These binding agents are utilized to replace mechanical fasteners like welds, screws, rivets, gaskets and fasteners. As a result, product manufacturers are introducing lightweight and compact components for use in modern automobiles. Furthermore, with the rising environmental concerns, manufacturers are introducing environment-friendly alternatives, such as water-based adhesives and organic solvents, that exhibit high bonding strength. On account of these factors, the market is expected to grow at a CAGR of 5.6% during 2021-2026.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Ashland Global Specialty Chemicals Inc.
Avery Dennison Corporation
Beardow & Adams (Adhesives) Limited
Eastman Chemical Company
B. Fuller Company
Henkel AG & Co. KGaA
Wacker Chemie AG
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on region, adhesive type, sealant type, technology and application.
Breakup by Adhesive Type:
Styrenic Block Copolymers
Breakup by Sealant Type:
Breakup by Technology:
Breakup by Application:
Paperboard and Packaging
Building and Construction
Leather and Footwear
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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