Growing demand from end-use industries is projected to drive the expansion of adhesives & sealants in the market the during the forecast period, 2023-2032

Pune, India, February 06, 2018 /MRFR Press Release/- Market research future published a Half cooked research report on Global Spinal Needles Market. Market Overview:Adhesives & sealants are used in various applications, which are capable of offering excellent flexibility, cost-effective nature along with abrasion and corrosion resistance to the final product. Due to these factors, they are used in various applications such as pressure sensitive, construction, automotive, packaging, furniture, and others. The global adhesives & sealants market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of acrylic adhesives in the automotive, furniture, pressure sensitive, and construction sectors. It is estimated that the construction segment is set to observe the highest CAGR in the market due to the growing use of polyurethane adhesives to improve the features and structural properties of the product. Moreover, the increasing demand for lightweight materials for cables, tapes, and seat heating in the automotive sector have propelled the market to witness a rapid growth during the forecast period. These factors have triggered the China, India, and Japan to be the major players in this region.

The North American market is expected to grow at a higher CAGR due to extensive consumption of high-temperature adhesives in packaging, construction, healthcare, and others. The U.S., Canada, and Mexico have achieved a substantial place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for waterproof materials in the automotive and pressure sensitive sectors is estimated to drive the market growth during the forecast period.

A steady development is achieved in Europe due to stringent rules imposed by the regional governments in end-use industries. The growing innovation and technological advancement in water-based adhesives have propelled the market to witness a positive growth. Owing to these factors, countries such as Germany, the U.K, and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of composites rather than heavy metals in the automobiles, industrial and construction sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for eco-friendly adhesives in major industries.

The global adhesives & sealants market share, by region

 Source: MRFR analysis

Segmentation

The global adhesives & sealants market is segmented into the technology, product, and application. On the basis of technology, the market is further classified into water-based, solvent, hot melt, and reactively based segments. On the basis of the product, the market is segregated into acrylic, polyurethane, polyvinyl acetate, epoxy, and other segments. On the basis of the application, the market is subdivided into pressure sensitive, construction, automotive, packaging, furniture, and others.

Competitive Analysis

Some of the well-known players operating in the global adhesives & sealants market are 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.

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