Adhesives and Sealants Market size is worth over $69.7 billion for adhesives and $15.2 billion for sealants by 2026

According to a new research report by Global Market Insights, Inc., the adhesives and sealants market size is set to surpass $69.7 Billion for adhesives and $15.2 billion for sealants by 2026.  Rising furniture demand due to growing urbanization trends will fuel the market growth.
 

Adhesives are increasingly accepted over conventional joining techniques owing to their greater design flexibility, wide distribution of loads, reduction in stress concentration, and increasing resistance to fatigue. Increasing infrastructure and automotive industries globally will grow adhesives and sealants market demand due to their utilization to bond plastics and other materials hence, enhancing market size.

 

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Adhesives and sealants owing to their adhesive properties are used in wide applications including construction, packaging, furniture, and automotive. These helps in weight reduction thus substituting bolts and nuts. Rising demand of light-weight materials and products in automotive and construction sector will have a positive impact on adhesives and sealants market.
 

Growing demand of acrylic adhesive for bonding plastics will stimulate adhesives and sealants market growth

Acrylic based adhesives segment is anticipated to grow over 5.5% through 2026 owing to its wide availability in market. Acrylic adhesives offer clean adhesion, high curing speed and easy surface preparation driving product demand. These products will bond to low surface energy (LSE) plastics such as polyethylene, polypropylene and PTFE. Increasing demand for plastic bonding and joining technologies owing to their utilization in multiple applications will foster the adhesives and sealants market growth.
 

Browse key industry insights spread across 210 pages with 373 market data tables and 21 figures & charts from the report, “Adhesives and Sealants Market Size By Technology (Water based, Solvent based, Hot melt, Reactive & other), By Product (Acrylic, PVA, Polyurethanes, Styrenic block, Epoxy and EVA), By Application (Pressure sensitive applications, Packaging, Construction, Furniture, Footwear and Automotive), Sealants Market Size By Product (Silicone, Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), By Application (Construction, Automotive, Packaging, Assembly, Pressure Senstitive Tapes, Consumers) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/adhesives-and-sealants-market-report
 

“According to market analysis and trends, adhesives market for furniture application is expected to register a CAGR of 5.5% from 2020 to 2026.”
 

Adhesives are used for several applications in the furniture manufacturing industry which includes panel bonding, edge wrap, and seating. These provide optimal adhesion in a convenient manner. Global furniture market is anticipated to grow over 5% through 2026 owing to increasing furniture demand for offices and homes. These factors will have a positive impact on the adhesives and sealants market share.
 

“As per industry forecasts, Asia Pacific sealants market is forecast to record a CAGR of over 5.5% through 2026 due to growing construction activities in the region”
 

Sealants are used in the construction sector for attaching tiles, fixtures, and moldings. As per industry reports, China’s construction spending accounted for more than 45% of the total APAC construction spending in 2016. In APAC, public infrastructure accounted for more than 35% share of construction spending in 2016. Rising construction activities in the region owing to increasing demand of commercial spaces and industries will propel product utilization.
 

Key product manufacturers in adhesives and sealants industry are BASF SE, ND Industries Inc, Dow Chemical Company, Ashland Inc, 3M Company, Avery Dennison, Bostik SA, Sika AG, and Uniseal Inc.
 

Companies are involved in several strategical initiatives including partnerships, acquisitions & mergers, collaborations, and innovations to improve market share and regional presence. For example, In October 2018, Bostik launched hot melt adhesive innovation in kizen product family. This will help the company to expand its product portfolio.
 

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