Global Adhesives & Sealants market research report: by technology (water based, solvent based), product (acrylic, polyurethane, polyvinyl acetate, epoxy), application (pressure sensitive, construction, automotive) – forecast till 2023
Pune, India -- (SBWIRE) -- 03/05/2018 -- Global Market – Outlook
Adhesives and sealants are materials that attach or stick two or more surfaces. Adhesives are utilized to stick two surfaces in a robust & enduring manner. On the other hand, sealants are majorly adopted for filling the gaps, overlooked by adhesives. This ensures total protection of surfaces, preventing microorganisms & foreign particles from invading them. Sealants and adhesives are integral to the production & assembly of movable electronic devices (mobiles, laptops, tablets, etc.).
Adhesives are broadly adopted as a bonding agent during the assembly and manufacture of electronic parts. These parts include camera lenses, touch screens, connectors, and drives into handheld instruments. Likewise, sealants serve as a long-lasting enclosure or seal by filling the gaps. According to a recent industry study done by 'Market Research Future (MRFR),' wider acceptance of portable & gaming laptops and expanding user electronics, like tablets & smartphones are the key drivers of Adhesives Sealants Handheld Devices.
Moreover, burgeoning disposable earnings & leisure spending could propel industry demand. Demand for user electronics has undergone substantial growth across emerging economies. Hence, customers invest a lot in electronic devices; such as computers, mobiles, and tablets. Growing electronic assembly centers in Southeast Asia and Foreign Direct Investment (FDI) in ASEAN (The Association of Southeast Asian Nations) regions are said to generate market profits over the forecast period (2017 to 2023).
According to the analysis on global market, MRFR estimated its revenues at around USD 4, 883 million in 2016. The Adhesives Sealants Handheld Devices Market would attain a size of about USD 7, 947 million by 2023. It can witness a CAGR of nearly 7.3 percent till 2023.
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The industry is classified on account of adhesives, sealants, applications, and geographical regions. Pressure sensitive, hot melt, solvent-borne, and water-borne form the adhesives. The sealants consist of polyurethane, acrylic latex, silicone, butyl, epoxy, and others. By applications, the market is fragmented on the basis of laptops, healthcare devices, tablets & mobiles, and hard disk drives. Asia Pacific, North America, Europe, Middle East & Africa, and Latin America constitute the geographies.
Considering geographical presence, Asia Pacific is the biggest market. The region produces over 50 percent of the overall volumes. It is home to lucrative manufacturers coupled with expanding electronics. Additionally, its higher product spending & rapid industrialization can augment regional incomes. Southeast Asian nations also contribute to regional growth. With respect to regional sales, Europe is the second-biggest industry. Leading European manufacturers supplying high-quality products & services are responsible for its growth. Europe is followed by North America.
Further Insights and Worldwide Participants
Product advancements and growth of key players are the chief trends being witnessed in the worldwide industry. Targeted market audiences encompass suppliers & traders, prospective investors, manufacturers, feedstock distributors, and related organizations. Prominent companies in the Global Adhesives Sealants Handheld Devices Market encompass 3M, Henkel, Evonik Industries AG, Tangent Industries, and H.B. Fuller. Many of them participate in expanding their geographical presence by introducing novel products.
'Henkel Adhesive Technologies' is one of the leading suppliers of sealants, adhesives, and functional coatings. Its 'Loctite' solutions maintain competitiveness over competitors by producing quality handheld products & services. Made to satisfy customer requirements, these products are very reliable & cater to the needs of demanding end-users around the globe.
Henkel also focuses on better productivity and reduced costs. Some of its products include laptops & tablets, flat panel speakers, displays & monitors, mobiles, and hard disc drives. These devices are further split into manual handheld applicators, light curing equipment, accessories, handheld dispense systems, and semi-automated dispense systems. The said devices aim to deliver unique services.
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