Global Adhesives & Sealants Market Information by Application (Packaging, construction, automotive, aircraft others) By Product type (Acrylic adhesives, Silicone, polyurethanes, others) by Technology (Solvent-borne, hot melt, reactive) - Forecast to 2027
Pune, India -- (SBWIRE) -- 01/17/2018 -- Market Research Future Published a Half Cooked Research Report on "Global Adhesives & Sealants Market Research Report - Forecast to 2027"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
3M, Henkel, H. B. Fuller, Adco Global Inc, Ashland Inc, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd, Bolton Group B.V, Cyberbond Llc, Dynea Oy, Basf Se. among others are some of the prominent players at the forefront of competition in the Global Adhesive & Sealants Market and are profiled in MRFR Analysis.
Adhesives & Sealants Market – Overview
Adhesives & Sealants are increasingly used in construction and transportation sectors. In construction sector, improved building standards are among the demand drivers. Adhesives in general have been gaining at the expense of metal fasteners, due in part to the light-weighting trend. Additionally, it also offers desired traits as flexibility, ease of repair, and strength. Using industrial adhesives, Adhesives & Sealants Market business are able achieve optimized manufacturing processes & design options. Owing to the efficacy, industrial adhesives demonstrates, it is widely used across a diverse range of industrial sectors. Based on the industries and its use, adhesives have been bifurcated such as Automotive Adhesives, Medical Device Adhesives, and Packaging Adhesives etc.
The increasing use of Adhesives and Sealants in the transportation industry is driven in part by fuel efficiency. Research and Development division of manufacturers continue to replace metals with plastics, composites, and lighter metals as these products cannot be put together with traditional mechanical fastening, as a result require adhesives to assemble require design. Adhesives provide heat shielding and have enough strength to replace mechanical fasteners, etc. According to DOW, adhesives make up 15% of the market for vehicle assembly with its BETAMATE continues to be an exemplary adhesives product.
Growing demand from construction sector defines the growth of Adhesives & Sealants Industry. Moreover growing industries such as automotive and aircraft provide impetus to the Adhesives & Sealants Market growth.
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Industry/ Innovation/ Related News:
August 2016 – Henkel Adhesive Technologies has opened its first production facility in Georgia, near the capital of Tbilisi. Within the next three years, the plant will produce more than 40 cement based products for tiling, waterproofing, flooring and external thermal insulation under the Ceresit brand. The capacity expansion by Henkel Adhesive Technologies would help to fulfill the demand of the adhesives in the region.
June 2016 – Henkel Adhesive Technologies has expanded its portfolio of liquid-applied sound deadeners (LASD) for the automobile industry. Newly added to the portfolio are Teroson LASD grades based on renewable oils (renewable thermosets) for use in the paint shop and body shop department. Also new is a water-based acrylic system offering excellent interaction between the polymers employed and the special fillers introduced to achieve maximum vibration damping combined with controlled, minimized abrasiveness. In a joint project with the BMW Group and ABB, the waterborne technology and the associated application technique have been specifically developed for future use worldwide in the new BMW 3 series. This expansion and joint agreement strategy would drive the Adhesives & Sealants market and would have positive impact on annual growth of the market.
October 2017 – PPG Industries announced the completion of the first phase of an expansion project at its facility in Tepotzotlan, Mexico. The completed expansion, which adds production and distribution capacity for automotive adhesive and sealant products, is part of a two-phase project that will help PPG meet increasing demand in the growing Mexican automotive manufacturing industry. The expansion would help PPG Industries to increase the business in Mexico region.
February 2017 – BASF launched MasterTile® Adhesives & Sealentss production in Russia. The range of MasterTile® products includes five adhesives: MasterTile 404, MasterTile 414, MasterTile 415, MasterTile FLX 23, MasterTile FLX 24. The adhesives' formulations have been developed in line with GOST R 56387-2015 Russian national standard, and EN 12004 European regulations, which regulate the adhesion strength.
December 2017 – Sika launches low-density adhesives and sealants for significant weight reduction. The innovative solution in adhesives & sealents sector by Sika would attract the consumer in market.
March 2017 – Saint-Gobain, through the mortars activity (Saint-Gobain Weber), acquired 100% of Buildezee Adhesives Botswana (PTY) Ltd, a leading manufacturer of Adhesives & Sealants and grouts in Botswana. The acquisition would help to increase the market share of the Saint-Gobain in the region.
Adhesives & Sealants Market - Regional Analysis
Geographically, North America region accounted largest market share in the Global Adhesives & Sealants Market and expected to dominate during the forecast period due growing packaging, construction and automotive in the region. U.S. being largest consumer and manufacturer of Adhesives & Sealants. Growing demand in building & construction segment which includes residential, non-residential and institutional activities automotive sector have boosted the Adhesives & Sealants Market in U.S. In addition to this, Asia Pacific & Europe have witnessed healthy growth inn global market owing to heavy nonresidential new construction and renovation activities in the region.
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In competitive landscape, the MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the Global Adhesive & Sealant Market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to rising building and construction new as well as repair and renovation work in the U.S., China, Germany and other developing countries manufacturers in the region are mostly using the expansion strategy in the Global Adhesives & Sealants Market.