Adhesives and Sealants Market Sees Significant Growth Opportunities | here’s why
The global adhesives and sealants market is estimated to reach over US$92.4 billion by 2030 and is expected to grow at a CAGR of 5.5% from 2022 to 2030.
Pune, April 05, 2022 (GLOBE NEWSWIRE) – Adhesives and Sealants Market by Type/Solution, Service, Organization Size, End-Use Verticals, and Region – Global Adhesives and Sealants Market Forecast to 2030, Released by Market Data Center, The Adhesives and Sealants Market is expected to grow at a steady rate during the forecast period. The presence of key players in the ecosystem has led to a competitive and diverse market. Advancement in digital transformation initiatives across multiple industries is expected to drive the global adhesives and sealants market during the study period.
This report COVID-19 analysis includes IMPACT COVID-19 on production and demand, supply chain. This report provides detailed historical analysis of the global adhesives and sealants market from 2017 to 2021 and provides detailed market forecast from 2022 to 2030 by region/country and sub-sectors. The report covers the revenue, sales volume, price, historical growth and future prospects in the Adhesives and Sealants market.
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Adhesives and Sealants Market by Applications
The adhesives market by application is segmented into paper and packaging, construction, furniture, automotive, footwear and others. The automotive segment is expected to experience the fastest growth rate over the forecast period owing to the increase in demand for increased fuel efficiency by reducing the weight of vehicles. Additionally, growing demand for automobiles from emerging economies is another factor propelling the growth of the market.
Sealants market by application is segmented into construction, automotive, packaging and others. In 2018, the market was dominated by packaging applications. Sealants are used to maintain product packaging throughout the value chain. The market is driven by the growth of the flexible packaging market.
Adhesives and Sealants Market by Region
By region, Asia-Pacific has emerged as the undisputed leader in the adhesives and sealants market and is expected to maintain its position throughout the forecast period. Rapid industrialization, development of infrastructure, growth in automotive and electronics industries, increase in consumer purchasing power are the factors driving the growth of the adhesives and sealants market in the Asia-Pacific region. North America is another important market for sealants. The market is primarily driven by growth in infrastructure business in the United States and rising demand from various end-use industries. Moreover, easy availability of raw materials is another factor propelling the growth of the market.
Market leader in adhesives and sealants
To increase their market share and geographic reach, market leaders are adopting a strategy of mergers and acquisitions. A handful of top players account for the major share of the market while the remaining market is highly fragmented. Consolidation is expected to continue over the next seven years. Some of the major players present in this market are Henkel AG & Co. KGaA, Sika AG, Arkema (Bostik), HB Fuller, Huntsman International LLC, 3M Company, Ashland Inc., and Akzo Nobel NV, among others.
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In the deep ToC includes
233 – Tables
45 – Numbers
253 – Pages
The sealants market by product type is segmented into silicone, polyurethane, acrylic sealants, polyvinyl acetate and others. In 2021, the market was dominated by the silicone segment. This segment is gaining popularity due to its high flexibility and resistance to high temperatures. The growth is expected to be the fastest in the acrylic sealants segment during the forecast period. Due to its excellent adhesion properties, it is widely used in construction, automotive and consumer applications.
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1.1. Market definition
1.2. Market segmentation
1.3. Geographic scope
1.4. Years considered: historical years – 2017 and 2020; Base year – 2021; Forecast Years – 2022 to 2030
1.5. Currency used
2. RESEARCH METHODOLOGY
2.1. Research framework
2.2. Data collection technique
2.3. Data sources
2.3.1. Secondary sources
2.3.2. Primary sources
2.4. Market estimation methodology
2.4.1. An in-depth approach
2.4.2. Top-down approach
2.5. Data validation and triangulation
2.5.1. Market Forecast Model
2.5.2. Study limitations/assumptions
3. SUMMARY OF THE STUDY
4. ASSESSMENT OF MARKET DYNAMICS
5. VALUE CHAIN ANALYSIS
6. PRICE ANALYSIS
7. SUPPLY CHAIN ANALYSIS
8. MARKET SIZE AND FORECAST
8.1. Global – Adhesives and Sealants Market Analysis and Forecast, by Region
8.2. Global – Adhesives and Sealants Market Analysis and Forecast, by Segment
8.2.1. North America Adhesives and Sealants Market, By Segment
8.2.2. North America Adhesives and Sealants Market, by Country
8.2.3. European adhesives and sealants market, by segment
8.2.4. European adhesives and sealants market, by country
220.127.116.11. Rest of Europe (ROE)
8.2.5. Asia-Pacific Adhesives and Sealants Market, By Segment
8.2.6. Asia-Pacific Adhesives and Sealants Market, By Country
18.104.22.168. Rest of Asia-Pacific (RoAPAC)
8.2.7. Rest of the World (ROW) Adhesives and Sealants Market, By Segment
8.2.8. Rest of the World (ROW) Adhesives and Sealants Market, by Country
22.214.171.124. Latin America
126.96.36.199. Middle East and Africa
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Answers to key questions
What is the Adhesives and Sealants Market ecosystem?
Who are the main/new players?
What is the growth strategy of the Adhesives and Sealants market players?
What are the end user applications?
The vendor assessment includes an in-depth analysis of how the vendors meet demand in the Adhesives and Sealants market. The MDC CompetetiveScape model was used to assess the qualitative and quantitative information for this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and describing their strengths, relevant characteristics and outreach strategy. MDC’s CompetitiveScape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.
Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.
Business ecosystem analysis
Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.
Regions and countries covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the world (Line).
Adhesives and Sealants Market Dynamics, Impact of Covid-19 on the Adhesives and Sealants Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Analysis Segmental, Adhesives & Sealants Market Sizing, Analysis Charts.
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