Adhesives & Sealants Market to Grow Steady at 4.93% CAGR to 2023, Led by North American and European Countries

PUNE, India, September 3, 2018 /PRNewswire/ --

The adhesives & sealants market is projected to grow from USD 56.59 billion in 2018 to USD 71.99 billion by 2023, at a CAGR of 4.93% between 2018 and 2023 report added in ReportsnReports.com. The rising demand for adhesives and sealants across various applications, such as paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others, is expected to drive the growth of the adhesives & sealants market.

Browse 133 Market Data Tables and 49 Figures spread through 188 Pages and in-depth TOC on "Adhesives & Sealants Market by Adhesive Technology (Water-based, Solvent-based, Hot-Melt, Reactive & Others), Sealant Resin (Silicone, Polyurethane, Plastisol, Emulsion, Butyl, Polysulfide), Application, and Region - Global Forecasts to 2023" https://www.reportsnreports.com/reports/266052-adhesives-sealants-market-by-chemical-type-by-technology-by-applications-pressure-sensitive-adhesive-packaging-construction-automotive-woodwork-others-by-geography-global-trends-forecasts-to-2018.html .

The paper & packaging application accounts for the largest share in the adhesives & sealants market and is expected to remain the largest market segment between 2018 and 2023.

The growth of this segment is expected to be driven by increased use of adhesives in a wide variety of paper bonding applications. These applications range from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials.

Asia Pacific region is projected to lead the adhesives & sealants market from 2018 to 2023, in terms of value. Asia Pacific has emerged as one of the leading producers as well as consumers of adhesives & sealants due to the increasing domestic demand, rising income levels, and easy access to resources.

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Report provides detailed segmentation of adhesives & sealants market on the basis of adhesive formulating technology, sealant resin, application, and region. Based on adhesive formulating technology, the adhesives & sealants market has been segmented into water-based, solvent-based, hot-melt, and reactive & others.

Key Target Audience 

• Adhesives & Sealants Manufacturers
• Raw Material Suppliers
• Formulation Technology Providers
• Industry Associations
• Automotive Companies
• Traders, Distributors, and Suppliers of Adhesives & Sealants
• Government & Regional Agencies and Research Organizations
• NGOs, Government, and Regional Agencies
• Research Organizations and Associations

Report aims at estimating size & growth potential of adhesives & sealants market across different segments, such as adhesive formulating technology, sealant resin, application, and region. Factors such as drivers, restraints, opportunities, & challenges influencing growth of adhesives & sealants market have also been studied in this report. Report analyzes opportunities in adhesives & sealants market for stakeholders and presents a competitive landscape of market.

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The adhesives & sealants market has been segmented into silicone, polyurethane, plastisol, emulsion, polysulfide, butyl, and others. The polyurethane segment is expected to grow at the highest CAGR during the forecast period. Polyurethane sealants provide better tintability, adhesion, and abrasion resistance than silicone sealants.

Adhesives & sealants market in Asia Pacific region is expected to grow at highest CAGR during forecast period. Rising demand for adhesives & sealants from building & construction, automotive & transportation, & leather & footwear applications from countries like India, China, South Korea, Malaysia, Vietnam, Taiwan, & Indonesia is projected to drive growth of adhesives & sealants market in region. China is expected to lead the demand for adhesives & sealants in Asia Pacific region.

Another research titled the film adhesives market is projected to grow from USD 1.24 billion in 2018 to USD 1.62 billion by 2023, at a CAGR of 5.5% between 2018 and 2023. This growth can be attributed to the preference for film adhesives over conventional adhesives in high-end aerospace applications as film adhesives aid in the manufacturing of large parts, providing easy shop handling, which is crucial for high-end aerospace applications. Key companies profiled in this market research report include H.B. Fuller (US), Henkel (Germany), Arkema (Bostik) (France), 3M (US), and Cytec Solvay Group (Belgium) have been profiled in this 14 pages research report available at https://www.reportsnreports.com/reports/1561209-film-adhesives-market-by-resin-type-epoxy-acrylic-cyanate-ester-end-use-industry-electrical-electronics-aerospace-automotive-transportation-consumer-and-region-apac-north-america-europe-south-amer-st-to-2023.html .

Explore More Research Reports on Chemicals and Advances Materials Market at https://www.reportsnreports.com/market-research/chemicals/ .

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