databridgemarketresearch.com new report Global Adhesives and Sealants Market accounted for USD 49.52 billion in 2016 and is projected to grow at a CAGR of 5.12% during the forecast period of 2017 to 2024.
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Market Definition: Global Adhesives & Sealants Market
Adhesives is a substance that bond the surfaces together or makes thing stick firmly whereas sealants is used to block the passage of fluid or can be used as a hard coating on a permeable surface. This can be applied to construction, paper & packaging, building & construction, consumer sealants, transportation and others.
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The Global Adhesives and Sealants Market accounted for USD 49.52 billion in 2016 and is projected to grow at a CAGR of 5.12% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Adhesives & Sealants Market By Type (Mineral Oil, Synthetic Lubricants) Equipment Function (Engine, Transmission, Gear, Hydraulic) Mining Technique (Surface, Underground) End Use (Coal Mining, Iron Ore Mining, Rare Earth Mineral Mining, Precious Metals Mining, Bauxite Mining) Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East & Africa) – Industry Trends and Forecast to 2024
Major Market Drivers: Global Adhesives & Sealants Market
- Rising demand of adhesives and sealants
- More of technological advancement
- Increasing preference towards hot melt adhesives
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- Variability in raw material prices
Major Market Competitors
Some of the major players in global adhesives and sealants markets are 3M, Henkel AG & Co. KGaA, Arkema, H.B. Fuller Company, Bostik, The Dow Chemical Company, Sika AG, Illinois Tool Works Inc., DAP Products Inc., AVERY DENNISON CORPORATION, Royal Adhesives & Sealants and Franklin International among others.
Market Segmentation: Global Adhesives & Sealants Market
On the basis of formulating technology, the global adhesives market is segmented into water based, solvent based, hot melt, reactive and others.
On the basis of chemistry, the global adhesives market is segmented into water based, solvent based, hot melt, reactive and others. Water based adhesives is sub segmented into Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion, PAE Emulsion and others.
Other types of water based adhesives are polyurethane dispersion and water-based rubber. Solvent based adhesives are sub segmented into Styrene Butadiene, Styrene Rubber (SBSR), Polyvinyl Acetate (PVA), Polyamide and Chloroprene Rubber (CR) and other.
Hot melt adhesives is sub segmented into Ethylene-vinyl acetate (EVA), Copolyamides (COPAS), Styrenic Block Copolymers (SBC), Polyurethanes and Amorphous Poly Alpha Olefins (APAOS). Other types of chemistry related to adhesives are Copolyesters (COPES) adhesives, Metallocene Pe & Metallocene PP and Reactive Hot-Melts (RHMS) adhesives.
On the basis of application, the global adhesives market is paper & packaging, woodworking, building & construction, leather & footwear, transportation, consumer adhesives and others.
On the basis of resin type, the global sealants market is segmented into silicone, plastisol, emulsion, polyurethane, polysulfide, butyl and other synthetic & semi-synthetic resins.
On the basis of application, the global sealants market is segmented into construction, consumer sealants, transportation and others.
On the basis of geography, the global adhesives and sealants market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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