The adhesives & sealants market is expected to grow from USD 49.50 Billion in 2016 to USD 63.50 Billion by 2021, at a CAGR of 5.11% between 2016 and 2021. Adhesives & sealants are versatile products that find application in varied industrial sectors. Opportunities for these products continue to expand, as manufacturers seek new and high performance materials to bond dissimilar materials.
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Asia-Pacific region is the largest market for adhesives & sealants and is expected to witness the highest growth during the forecast period. Growing end use application markets and technological advancements are expected to fuel the growth of the market in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
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Key Target Audience:
- Manufacturers of Adhesives & Sealants
- Raw Material Suppliers
- Traders, Distributors, and Suppliers of Adhesives & Sealants
- Government & Regional Agencies and Research Organizations
- Investment Research Firms
Size of adhesives & sealants market, and estimate size of various other dependent submarkets. Research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, & Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the adhesives & sealants market.
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The North America and the Europe regions are the most active markets in terms of strategic initiatives by players operational in the market. However, stringent regulations may restrain the growth of the adhesives & sealants market in Europe.
With the increase in environmental concerns and various regulatory policies, manufacturers are focusing on the development of eco-friendly products.
2 Competitive Situation & Trends
3 Market Share Analysis of Key Players
4 Competitive Benchmarking Matrix
5 New Product Launches
6 Mergers & Acquisitions
7 Investments & Expansions
8 Partnerships, Contracts & Agreements
Key manufacturers of adhesives and sealants include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik Ltd. (France), H.B. Fuller (Netherlands), Illinois Tool Works Inc.
(U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), Franklin International (U.S.), RPM International Inc. (U.S.), and Royal Adhesives & Sealants, LLC (U.S.).
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Asia-Pacific is the largest consumer of adhesives & sealants and the market in the region is estimated to witness highest growth during the forecast period. Countries such as China, Japan, and India are major market in the Asia-Pacific adhesives & sealants market.
China is estimated to be the largest segment of the market in terms of consumption.
The break-up of the primary interviews is given below:
- By Company Type - Tier 1 - 27%, Tier 2 – 46%, and Others - 27%
- By Designation – C-level – 36%, Director-level - 28%, and Others - 36%
- By Region - Asia-Pacific - 46%, Europe - 27%, North America - 18%, South America, and Middle East & Africa – 9%
The report covers the adhesives & sealants market and its application across different industry verticals and regions. It aims at estimating the market size and future growth potential of the adhesives & sealants market across different formulating technologies, applications, resin types, chemistry, and regions.
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