Published Date : Nov 14, 2016
Albany, NY, Nov 14, 2016: Adhesives constitute materials including mucilage, cement, glue, and others and are primarily differentiated by the bonding that is involved. Adhesives and sealants include polymers that assist in hardening owing to physical and chemical reactions. The demand for adhesives and solvents is the highest from the building and construction industry owing to their hardening properties. The application of adhesives and solvents is expected to increase in many industries. These are some of the crucial findings of a new report added by MarketResearchReports.biz to its repository of research reports.
The report, titled “Global Adhesives And Sealants Market 2016-2020,” states that the global market is expected to exhibit a 5.06% CAGR from 2016 to 2020. According to the report, the global adhesives and sealants market is driven by emerging technologies and the high growth of reactive technology-based products. However, the analysts say that the rising prices of adhesives are expected to challenge the growth of the global adhesives and sealants market.
The report segments the global adhesives and sealants market on the basis of application, region, and technology. By technology, the global adhesives and sealants market is classified into water-based technology, hot-melt technology, reactive technology, and solvent-based technology. Adhesives and sealants find application in the transport segment, the leather and footwear segment, the paper and packaging segment, building and construction, and the furniture segment. Based on region, the global adhesives and sealants market is divided into Europe, Asia Pacific, North America, and Rest of the World.
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3M, Arkema, Dow, H.B. Fuller, Henkel, Avery Dennison, ITW, Franklin International, Mapei, Royal Adhesives & Sealants, RPM International, and Wacker Chemie are some of the leading companies operating in the global adhesives and sealants market. By spreading their business in the untapped regions, key companies are willing to maintain their dominance in the global market. The market is expected to be highly competitive in nature owing to the rising contribution of the startup companies. However, by acquiring the new companies, key companies are planning to maintain their dominance throughout the forecast period.
As per the findings of the report, factors such as the recovering construction industry and the rising popularity of vinyl adhesives are two of the factors expected to propel the global market for adhesives and sealants. However, production constraints and the rising threat from VOC emissions are predicted to hamper the global market in the long run. Key companies are targeting to adopt changing technologies and introduce innovations in adhesives and sealants. The demand for bioadhesives is expected to increase in many emerging nations. In many developing nations, the demand for sealants and specialty adhesives is also expected to increase. These factors are expected to create new growth opportunities in the global adhesives and sealants market.
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