Adhesives are employed in wide variety applications, owing to their ability to join substrates, distribute stresses, and prevent vibrations. Sealants are different from adhesives, and are primarily used for filling gaps between the surfaces to prevent the passage for air, water, and chemicals.
Global adhesives & sealants market has been classified into packaging, building & construction, automotive, transportation, and others on the basis of applications. Increasing infrastructure development in emerging countries is a key factor anticipated to fuel growth of the global adhesives & sealants market in the next ten years. In packaging, adhesives and sealants are widely used for the manufacturing of cases and cartons, which is another factor driving growth of the global adhesives & sealants market.
The global adhesives & sealants market has been segmented into water-based, solvent-based, hot melt, and others on the basis of technology. Water-based technology dominating with over 33% of total revenue share in 2016. The major factor contributing towards higher demand for water–based adhesives is their zero VOC emission property with eco-friendly nature. The end user preference for water-based adhesives are expected to increase over solvent-based adhesives during the forecast period owing to stringent environmental regulations regarding raw material used for manufacturing of adhesives and sealants.
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The global adhesives & sealants market report has been segmented on the basis of product, technology, application, and region. On the basis of region, the global adhesives & sealants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The North America region is foreseen to be the highest revenue generating region for adhesives & sealants market, owing to high adoption rate for this products among the end user industries. The Asia Pacific region is expected to expand at a highest rate in terms of revenue over the next ten years.
Key players operational in the global market include H.B. Fuller, 3M Company, The DOW Chemical Company, Sika AG, Bostik SA (Arkema Group), Henkel AG & Company, KGaA, Illinois Tool Works Inc., Avery Dennison Corporation, Jowat SE, and Royal Adhesives & Sealants, LLC.