Adhesive And Sealant Market Overview | Industry Analysis, Application, Size, Share, Trends, Analysis, Growth, and Forecast 2020 – 2027
Market – Overview
The market for Adhesives
And Sealant Market Overview has been on an incremental growth pace. Market
Research Future which deals with specialized market reports related to the
chemicals and materials sector amongst others, lately published a report on
this industry. The industry is expected to generate unparalleled revenues while
evolving with a motivating CAGR per cent.
The sealants and adhesives
incremental pace has been primarily due to the diversification in the number of
application and the number of end users. Product development and R & D
practices adopted by the industry have been beneficial to the progress of the
market. Their applications in automobiles and waterproofing market have been
the major sectors driving the growth of the market. Amplified usage of adhesives
in the medical sector has added new growth prospects of the industry.
Industry
Segments
The industry for adhesives
& sealants worldwide has been divided initially on types which includes
acrylic adhesives, cyanoacrylates adhesives, anaerobic acrylic adhesives,
acrylic sealants, polyurethanes and silicone. The segmentation of the market on
application includes construction, packaging, pressure sensitive tapes, air
craft, automotive and transportation among others. The technology category of
the adhesives market consists of hot melt, solvent-borne, and water-borne.
Detailed Regional Analysis
The Hybrid
Sealant around the world includes regions such as Europe, APAC, North
America and Rest of the World. The North American market is the leading region
for adhesives & sealants. The market in North America for the industry is
expected to grow at an incomparable CAGR and is expected to reach double digit
US$ Million in revenue by 2023. In terms of this industry, Europe is
anticipated to be the second-largest market which will similarly to grow at an
incremental CAGR rate.
Global Competitive Analysis
The players in the segment
are pursuing a substantial share of the market by effective application of
their major resources to start long lasting growth changes. This has set
off trends which are related to growth which are significantly volume driven.
This has led to an increase in different ranges of product forms. The sector’s
considerable transformation has enhanced the growth pace leading to
experimentation with numerous advantage points. The industry’s long term
development can be capitalized upon by continual ongoing process improvements
and maintaining financial fluidity to invest in the optimal strategies when
they are decided.
The
prominent players in this market are Ashland Inc, Avery Dennison Corporation, Beardow
& Adams (Adhesives) Ltd, 3M, B Fuller, Bolton Group B.V and Adco Global Inc
to name a few of the competitors in the industry.
Industry
Updates:
Jan
2018 APF which is a Phoenix-based maker of systems
for concrete coating in commercial, industrial and residential applications
along with a flooring product line has been bought by the ICP Group who has the
backing of Audax Private Equity, The financial terms of the deal were not made
available. This move is expected to add scale to ICP Construction’s existing
business for floor coatings and will provide the group a manufacturing facility
on the west coast. The acquisition of APF is the group’s 8th deal under the
ownership of Audax.
Oct
2017 HB Fuller has confirmed its deal of acquisition of
Royal Adhesives & Sealants from the associates of American Securities for
the value of $1.575bn. HB Fuller which is a US-based manufacturer of
adhesives company say the deal has come through after an agreement was
reached and formalized between the parties in September. HB Fuller will
gain enhanced expertise in specialty and high-value applications from this
deal. Additionally, the unification of these two entities will enable expansion
of their product range in construction adhesives, engineering and durable assembly.
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