Hybrid Adhesive & Sealant: Rising Demand from Building & Construction as well as Automotive Industries will boost the growth of the global market

Pune, India, September 20, 2017 /MRFR Press Release/- Market Research Future published a Half Cooked Research Report on Global Hybrid Adhesive & Sealant Market.

Hybrid Adhesive and Sealants are a special class of Adhesive & Sealants, they can be formulated to provide unique properties of two or more types of polymeric materials while restricting their individual weaknesses. For instance, a polyurethane polymer or a polyether can be terminated with silyl groups to produce a superior performance sealant, possess beneficial characteristics of both polyurethanes and silicones. They are paintable and exhibit excellent properties such as faster skin time and weather resistance. Other advantages include broader adhesion to a variety of substrates with less need of primer, greater short term heat resistance, and ease of application. With the aforementioned reasons Hybrid Adhesive & Sealant find wide application scope in automotive & aerospace, marine, and building & construction.

Some of the prominent factors that positively influence the growth of Hybrid Adhesive & Sealant Market are increasing urbanization, booming construction sector, and improving standard of living. Additionally, increasing automotive production & sales and the trend of making lightweight and fuel efficient vehicles is expected to boost the growth of market over the forecast period. Moreover, growth in building & construction sector in developed as well as developing countries are predicted to fuel the market growth during the forecast period, 2017-2023.  However, the growth of hybrid adhesive & sealant market might be hindered by the lack of awareness among end users.

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Key Players:

The major players operating in the Global Hybrid Adhesive & Sealant Market are Henkel AG & Co. KGaA (Germany), Soudal Inc. (Belgium), H.B.Fuller (U.S.), Bostik S.A. (France), 3M (U.S.), Sika AG (Switzerland), Wacker Chemie AG (Germany), TREMCO ILLBRUCK (Germany), Kisling AG (Switzerland), Illinois Tool Works Inc.(U.S.), and others.

Market Segmentation:

The Global Hybrid Adhesive & Sealant Market is categorized on the basis of resin type, application, and region. On the basis of resin type, Hybrid Adhesive & Sealant Market is segmented into MS polymer, epoxy-polysulfide, epoxy-polyurethane, epoxy-cyanoacrylate, and others. On the basis of application, the market is segmented into building & construction, automotive & aerospace, marine, general industry, and others. MS polymer resin segment in the Global Hybrid Adhesive & Sealant Market is predicted to dominate the market during the assessment period. The growth is mainly attributed due to the improved properties and high performance of MS polymer Hybrid Adhesive & Sealants which do not demand the use of any primers or adhesion before application. Among resins, the epoxy-cyanoacrylate segment is predicted to grow with the highest CAGR over the forecast period. The Hybrid Adhesive & Sealant based on epoxy-cyanoacrylate resin provide various advantages as they exhibit excellent properties of both, the epoxy & cyanoacrylate resins. Moreover, they offer superior adhesion for a wide range of substrates such as wood, glass, and plastic owing to their flexibility and other structural properties. Among the application segment, building & construction segment is predicted to dominate the market over the forecast period. The building & construction segment has accounted for the largest market share of Hybrid Adhesive & Sealants. These are gaining prominence in construction sector for application in maintenance & renovation work in commercial & residential buildings, as well as for onsite application.

Regional Analysis

Asia Pacific is predicted to be the largest market for Hybrid Adhesive & Sealant followed by North America and Europe on account of increasing demand from automotive, aerospace, and building & construction among others. Developing countries such as China, India, and South Korea are the fastest growing market for Hybrid Adhesive & Sealant, and is predicted to grow with the same pace in the near future.

Europe Hybrid Adhesive & Sealant Market is expected to witness a significant growth with Germany, UK, and Spain, being the major contributors due to the presence of stringent regulations and the major market players which govern the industry dynamics of Hybrid Adhesive & Sealant over the assessment period. North America hybrid adhesive & sealant market is estimated to witness a moderate growth over the forecast period owing to increasing demand from automotive & aerospace industry.

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