World Adhesives and Sealants Market Opportunities and Forecasts, 2015 2022 [Report Updated: 15052016] Prices from USD $5370

08:50 EDT 2 Aug 2017 | BioPortfolio Reports

An adhesive is a chemical mixture that joins two surfaces together to frame a single unit, whereas a sealant is a semisolid material which is used for prevention of fluid leakage. Adhesives amp; sealants are formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding and bondingrelated applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have better flexibility. The global adhesives amp; sealants market is projected to reach $66,876 million by 2022, with a CAGR of 3.7% from 2016 to 2022.nnThe adhesives amp; sealants market is driven by multiple factors such as the growing demand for lightweight products, rapid infrastructure development, and commercial renovation activities. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives amp; sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building constructions, especially for commercial space, are growing at a faster pace globally; large glass sheets installed in these giant structures require considerable amount of sealants in the panel to make the structure weathertight. In addition to the growth aspect, there are some challenges the industry has to overcome, such as availability and volatile cost of raw material for the manufacture of adhesive amp; sealant products.nnThe global adhesives amp; sealants market is segmented on the basis of various parameters such as adhesive type, sealant type, application, and geography. Based on adhesive type, the market is classified into waterbased, solventbased, hot melt, pressuresensitive, and Others, where others include reactive adhesives amp; formaldehyde adhesives. Acrylic, silicone, polyurethane, butyl, polysulfide, latex, and silyl modified polymerbased sealants are considered under the sealant type segmentation, where each type is further classified to give an elaborative idea on the market. Waterbased adhesives dominate the overall adhesives market, whereas the sealants market is dominated by siliconebased sealants, in 2015. Adhesives amp; sealants have a wide range of applications such as from paperboard amp; packaging, building amp; construction, woodworking amp; joinery, transportation, footwear amp; leather, medical, and others. Paperboard amp; packaging and building amp; construction are the major applications for adhesives amp; sealants, which together contributed more than half of the total revenue in 2015.nnThe adhesives amp; sealants market, with its demand in end applications, has witnessed considerable growth over the past few years, and this growth is estimated to increase in the coming years. Top players in the market are investing huge capital in Ramp;D activities to develop enhanced products, which helps to meet current demand. Some of the major players in the adhesive amp; sealant market are Henkel AG amp; Co. KGaA Germany, Sika AG Switzerland, H.B. Fuller U.S., 3M Corporation U.S., and Bostik SA France.nnGeographically, the global adhesives amp; sealants market is segmented into North America, Europe, AsiaPacific, and LAMEA. AsiaPacific is the largest region for the market, with a revenue share of onethird in 2015, followed by Europe and NorthAmerica, each occupying a onefourth revenue share.nnADHESIVES amp; SEALANTS MARKET KEY BENEFITSnnnnThe report provides an indepth analysis of the global adhesives amp; sealants market and future estimations from 2015 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.nnThe factors that drive and impede the growth of the global market are comprehensively analyzed in this study.nnSWOT analysis highlights the internal environment of leading companies for effective strategy formulation.nnThe report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.nnMicrolevel analysis is conducted based on type, application, and region.nnnADHESIVES amp; SEALANTS MARKET KEY SEGMENTSnnThe adhesives amp; sealants market is segmented on the basis of adhesive type, sealant type, application, and geography.nnWORLD ADHESIVES MARKET, BY TYPEnnnnWaterBased AdhesivesnnnnnnVinyl AcetatennnVinyl Acetate CopolymernnnAcryl EmulsionnnnOthersnnnnnnSolventBased AdhesivesnnnnnVinyl AcetatennnResinsnnnRubbernnnOthersnnnnnnHot Melt AdhesivesnnnnnEthylene Vinyl Acetate EVAnnnRubbernnnOthersnnnnnnPressureSensitive AdhesivesnnnnnAcrylnnnRubbernnnOthersnnnnnnOthers Reactive Adhesives, Formaldehyde AdhesivesnnnWORLD SEALANTS MARKET, BY TYPEnnnnAcrylic SealantnnSilicone SealantnnPolyurethane SealantnnButyl SealantnnOthers Polysulfide, Latex, and Silyl Modified PolymersnnnWORLD ADHESIVES amp; SEALANTS MARKET BY APPLICATIONnnnnPaperboard amp; PackagingnnBuilding amp; ConstructionnnWoodworking amp; JoinerynnTransportationnnFootwear amp; LeathernnMedicalnnOthers Assembly Operations, Decorative FilmsnnnWORLD ADHESIVES amp; SEALANTS MARKET BY GEOGRAPHYnnnnNorth AmericannnnnnU.S.nnnMexiconnnCanadannnnnnEuropennnnnUKnnnGermanynnnFrancennnItalynnnRest of EuropennnnnnAsiaPacificnnnnnChinannnJapannnnIndiannnRest of AsiaPacificnnnnnnLAMEAnnnnnBrazilnnnAfricannnMiddle EastnnnOthersnnnnn

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