Market Reports Center One Stop Market Reaserch Shop World Adhesives and Sealants Market - Opportunities and Forecasts, 2015 – 2022 Summary World Adhesives & Sealants Market is Expected to Reach $66,876 Million by 2022 - Allied Market Research According to a new report published by Allied Market Research, titled, Adhesives & Sealants Market, the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive products. Factors driving the overall adhesives & sealants market are increasing automobile production and surging demand for packaging material. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Strong growth in infrastructure activity is also expected to drive the growth of adhesives & sealants market. Rapid urbanization and population growth in developing countries combined with rebounding construction activities in developed markets of Europe and the U.S. is fueling the demand for adhesives & sealants products. Stringent regulations on volatile organic chemical (VOC) emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate, resins, rubber and others) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems. The increasing popularity of environmentfriendly adhesives over traditional solvent-based and water-based adhesives acts as an opportunity for the market growth. Market Reports Center One Stop Market Reaserch Shop Browse full report with TOC@ https://marketreportscenter.com/reports/319304/world-adhesives-andsealants-market-opportunities-and-forecasts-2015-2022 Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is owing to inkling of major end-user industries namely packaging and construction toward water-based adhesive products; as solvent-based adhesive products are highly prone to volatile organic compound (VOC) emissions. Other factors attributing to its growth are its user-friendly nature and safety in the working environment. Water-based adhesives are free of toxic elements and hazardous organic elements, thus fulfilling the regulations. In the year 2015, the silicone-based sealants segment occupied more than 40% of the world Sealants market revenue due to compatibility, strength, stability, and durability. Compatibility of silicone sealants in construction applications has made it the most commendable type in the market. The demand from footwear and medical applications is increasing at the higher CAGRs of 5.6% and 4.8%, respectively, during the forecast period. This is due to reasons such as, increasing global footwear production, especially in China & other emerging countries, and growing Adhesives usage in several medical areas, such as implant, tissue bonding, dental and wound closure. Key findings of the study Asia-Pacific is expected to continue to lead the market throughout 2022, followed by Europe. Silicone sealants are expected to dominate the sealants market until 2022. Paperboard & packaging and building & construction together accounted more than half of the global Adhesives & sealants demand in 2015. Hot melt adhesives market volume is projected to grow with a higher CAGR of 6.1% during the forecast period. China alone contributed to around 20% of the world adhesives & sealants revenue in 2015. Asia-Pacific and Europe dominate the adhesives & sealants market, together contributing two-thirds of the worlds revenue. Globally, Asia-Pacific dominates the building & construction, packaging, and automotive production, where adhesives & sealants are majorly applicable. Hence, this region was the major consumer of adhesives & sealants in 2015, and is expected to maintain this position throughout the forecast period. Most of the companies in this market are investing significantly in R&D to develop environment-friendly products. The prominent players profiled in this report include Henkel AG & Co. KGaA, Sika AG, H.B. Fuller, 3M Corporation, Bostik SA, Huntsman International LLC, Avery Dennison Corporation, Dow Corning Corporation, Wacker Chemie AG, and RPM International Inc. An adhesive is a chemical mixture that joins two surfaces together to frame a single unit, whereas a sealant is a semi-solid material which is used for prevention of fluid leakage. Adhesives & sealants are Market Reports Center One Stop Market Reaserch Shop formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding- and bonding-related applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have better flexibility. The global adhesives & sealants market is projected to reach $66,876 million by 2022, with a CAGR of 3.7% from 2016 to 2022. The adhesives & sealants market is driven by multiple factors such as the growing demand for lightweight products, rapid infrastructure development, and commercial renovation activities. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building constructions, especially for commercial space, are growing at a faster pace globally; large glass sheets installed in these giant structures require considerable amount of sealants in the panel to make the structure weathertight. In addition to the growth aspect, there are some challenges the industry has to overcome, such as availability and volatile cost of raw material for the manufacture of adhesive & sealant products. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/319304 The global adhesives & sealants market is segmented on the basis of various parameters such as adhesive type, sealant type, application, and geography. Based on adhesive type, the market is classified into water-based, solvent-based, hot melt, pressure-sensitive, and Others, where others include reactive adhesives & formaldehyde adhesives. Acrylic, silicone, polyurethane, butyl, polysulfide, latex, and silyl modified polymer-based sealants are considered under the sealant type segmentation, where each type is further classified to give an elaborative idea on the market. Water-based adhesives dominate the overall adhesives market, whereas the sealants market is dominated by silicone-based sealants, in 2015. Adhesives & sealants have a wide range of applications such as from paperboard & packaging, building & construction, woodworking & joinery, transportation, footwear & leather, medical, and others. Paperboard & packaging and building & construction are the major applications for adhesives & sealants, which together contributed more than half of the total revenue in 2015. The adhesives & sealants market, with its demand in end applications, has witnessed considerable growth over the past few years, and this growth is estimated to increase in the coming years. Top players in the market are investing huge capital in R&D activities to develop enhanced products, which helps to meet current demand. Some of the major players in the adhesive & sealant market are Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), 3M Corporation (U.S.), and Bostik SA (France). Geographically, the global adhesives & sealants market is segmented into North America, Europe, AsiaPacific, and LAMEA. Asia-Pacific is the largest region for the market, with a revenue share of one-third in Market Reports Center One Stop Market Reaserch Shop 2015, followed by Europe and North-America, each occupying a one-fourth revenue share. ADHESIVES & SEALANTS MARKET KEY BENEFITS The report provides an in-depth analysis of the global adhesives & sealants market and future estimations from 2015 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence. The factors that drive and impede the growth of the global market are comprehensively analyzed in this study. SWOT analysis highlights the internal environment of leading companies for effective strategy formulation. The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market. Micro-level analysis is conducted based on type, application, and region. To Get Discount On The Report @ https://marketreportscenter.com/request-discount/319304 Connect for more details: Sam Collins Market Reports Center 1-646-883-3044 (US) [email protected]

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