The market by the product is further categorized into acrylic, polyurethane, polyvinyl acetate, epoxy, and others. On the basis of the technology, the market A report on adhesives segregated into the water, solvent, hot melt, and reactively based segments. This factor is a restraint for the market growth.
The packaging industry is growing rapidly in China.
Growing Demand in the Composites Segment The usage of adhesives for composites joints has been consistently increasing in numerous applications, such as consumer packaging, aerospace, and automotive. The North American region is growing significantly due to an increased consumption of water-proof sealants in packaging, furniture, and others.
Sealants on the other hand, are used to fill gaps and restrict corresponding movements of substrates. Request for Customization MarketResearch. Notable Developments December K, Italy, Germany, and France. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till Used car sales have also grown significantly.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research.
Emerging economies such as India and China are expected to be high potential markets for adhesives and sealants over the forecast period. Implementation of stringent government regulations related to environment concerns and VOC emissions, coupled with volatile raw material costs are some factors restraining growth of the target market currently.
Online retail shopping has increased at a higher rate with rising internet technologies and web applications, which has largely supported the growth of the packaging industry. Adhesives are versatile products that have various applications in different industrial sectors such as automotive, construction and packaging.
Among these, Asia Pacific holds a major share of the market due to the growing consumption of acrylic adhesives in pressure sensitive, construction, automotive, packaging, furniture, and others.
It is predicted that the polyurethane segment is set to grow at a higher CAGR due to its growing demand for the product in the packaging, construction, and automotive sectors.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
The acrylic segment holds the major portion of the market and is expected to continue its dominance on account of the extensive use of the product for caulking, grouting, jointing, and embedding in the construction sector.
Increasing demand from major end-use industries such as construction, packaging, and automotive is anticipated to drive growth of the target market to a significant extent over the next ten years. The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of composites and raising awareness of eco-friendly products in the industry.
The market by the application is further categorized into pressure sensitive, construction, automotive, packaging, furniture, and others. Adhesives have high tensile and shear strength, which makes this material superior for bonding-related applications. Therefore, they are used in various applications such as pressure sensitive, construction, automotive, packaging, furniture, and others.
The increasing population, growing GDP, and increasing purchasing power of middle-class population are driving the demand for new, lightweight, and fuel-efficient vehicles, and less or no VOC-emitting adhesives in the automotive sector, which is driving the adhesive market as well.Hybrid Structural Instant Adhesives: A Breakthrough in Adhesive Technologies Rising Demand and Product Innovation Boost Industrial Adhesives Market Overview of Automotive Adhesives Market.
The Chinese Adhesives & Sealants Market is expected to grow at a CAGR of % during the forecast period, to Growing consumers, hence growing demand from various end-user sectors of adhesives such as the building & construction sector, footwear industry, wood-working, and joinery industry is currently driving the Chinese adhesives.
Get latest Market Research Reports on Adhesives. Industry analysis and Market Report on Adhesives is a syndicated market report, published as Adhesives Market - Forecasts from to It is complete Research Study and Industry Analysis of Adhesives market, to understand, Market Demand, Growth, trends analysis and Factor.
The report "Adhesives & Sealants Market by Adhesive Technology (Water-based, Solvent-based, Hot-Melt, Reactive & Others), Sealant Resin (Silicone, Polyurethane, Plastisol, Emulsion, Butyl, Polysulfide), Application, and Region - Global Forecasts to " The adhesives & sealants market is estimated.
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