Global Adhesives and Sealants Market

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Adhesives and Sealants Market 2026 by Global
Industry Outlook with Opportunities "Global
Adhesives and Sealants market was valued at USD
55.8 billion in 2018 and is expected to reach
USD 84.4 billion in 2026, growing at a CAGR of
5.3 during the forecast period." The growing
trend of lightweight vehicles is driving the
growth of the Adhesives and Sealants market The
automotive industry is striving to create
energy-efficient, eco-friendly, and quality
automobiles and its products. One of the easiest
and least expensive ways to reduce the energy
consumption and emissions of a vehicle is to
reduce the weight of the vehicle. It is
estimated that every 10 reduction in vehicle
weight results in 5-7 fuel saving. Thus, for
every 50 kilograms of vehicle weight reduction,
there is the potential to reduce carbon dioxide
emissions by 5 gm per kilometer. It has become a
necessity and common need for many manufacturers
to incorporate plastics as a material in
automotive products. Therefore, the deployment
of plastics in place of metal is increasing the
demand for adhesives and sealants for binding
automotive parts. Get Free Sample Report with
Tables and Figures_ https//www.alltheresearch.com
/sample-request/244 The market is growing at a
steady pace due to its increasing demand in a
wide range of industries, such as construction,
automotive, furniture, packaging, and consumer
products, among others. Growing automotive
industry due to the increasing demand for low
carbon- emitting and lightweight vehicles is
driving the growth of the adhesives and sealants
market. Moreover, the increasing adoption of
hot-melt adhesives in woodworking and packaging
industry is further propelling the market growth
across the globe. However, there are certain
environmental regulations posed by the European
countries on the usage of adhesives and
sealants, which is one of the major factor
hampering the growth of the global market. The
water-based adhesives segment contributes a major
share in the global market Based on formulating
technology, the global adhesives market has been
segmented into water-based, solvent-based,
hot-melt, and reactive and others. In 2018, the
water-based adhesives segment contributes a
major share of around 30 share in the global
market. Among these technologies, the
water-based adhesives segment registers a
remarkable share in the market, owing to its
eco-friendly nature. Moreover, it consists of
high water content and possesses low toxicity,
which marks its increased adoption as a less
flammable technology. Global sealants market to
be driven by silicone resins Based on sealants,
the market has been segmented into acrylic,
polyvinyl acetate (PVA), polyurethane (PU),
silicone, and others. The silicone segment
primarily contributes the major share in the
sealants market due to the several advantageous
properties, such as
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• high-temperature resistance. This increases its
  acceptance in a wide range of industries, such
  as construction sector.
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• Company Profiles and Competitive Intelligence
• The major players operating in the global
  adhesives and sealants market are 3M Company
  (US), Arkema Group (France), Avery Dennison
  Corporation (US), H.B. Fuller Company (US),
  Henkel Corporation (Germany), Johnson Johnson
  Services, Inc. (US), Huntsman Corporation (US),
  The Dow Chemical Company (US), Sika Corporation
  (Switzerland), and BASF SE (Germany), among
  others.
• Key Findings
• Based on formulating technology, the water-based
  adhesives segment is accounted for the largest
  share in the market and held for around 30 of
  the total market in 2018.
• Based on resins, the silicone segment accounted
  for major share in the global adhesives and
  sealants market in 2018.
• Based on application, the automotive
  transportation segment is expected to grow at
  the highest CAGR of around 7.5 during the
  forecast period.
• North America accounted for around 35 share of
  the global adhesives and sealants market in 2018
• Recent News
• In September 2019, H. B. Fuller Company launched
  a non-water whitening adhesive for a no-label
  look, Fulltak SE 8116, which provides superior
  non-water whitening performance and excellent
  film clarity.
• In July 2019, Arkema Group announced the
  acquisition of Prochimir, a France- based
  company specializing in high-performance
  thermobonding adhesive films.
• In June 2019, Henkel Corporation invested USD
  39.4 billion and opened a high- performing
  aerospace solution in Spain.
• In May 2019, H. B. Fuller Company launched
  adhesive solutions for woodworking, Rakoll 4933
  and Rakoll 5010, which assist in reducing
  hazardous emissions in finished goods,
  considering that wood naturally emits VOCs.

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