“The adhesives & sealants market is projected to grow at a CAGR of 5.11% from 2016 to 2021”
The adhesives & sealants market is expected to grow from USD 49.50 billion in 2016 to USD 63.50 billion by 2021, at a CAGR of 5.11% between 2016 and 2021. Growing demand from applications, such as paper & packaging and building & construction is expected to fuel the growth of the adhesives & sealants market.
“Paper & packaging is expected to be the largest segment of the market during the forecast period”
Paper & packaging is expected to be the largest application segment of the adhesives & sealants market during the forecast period. The growth of the segment is expected to be driven by increase in the demand from the consumer goods sector and the growing population resulting in a large end user base.
“Rising demand from Asia-Pacific is a key factor expected to drive the growth of the adhesives & sealants market”
Asia-Pacific region is the largest market for adhesives & sealants and is expected to witness the highest growth during the forecast period. Growing end use application markets and technological advancements are expected to fuel the growth of the market in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The break-up of the primary interviews is given below:
• By Company Type - Tier 1 - 27%, Tier 2 – 46%, and Others - 27%
• By Designation – C-level – 36%, Director-level - 28%, and Others - 36%
• By Region - Asia-Pacific - 46%, Europe - 27%, North America - 18%, South America, and Middle East & Africa – 9%
Key companies profiled in this market research report include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik Ltd. (France), H.B. Fuller (Netherlands), Illinois Tool Works Inc. (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), and Franklin International (U.S.), among others.
The report covers the adhesives & sealants market and its application across different industry verticals and regions. It aims at estimating the market size and future growth potential of the adhesives & sealants market across different formulating technologies, applications, resin types, chemistry, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Reasons to buy the Report
The report will help market leaders/new entrants by providing them the closest approximations of revenues of the adhesives & sealants market. This report will help stakeholders to better understand competitive landscape and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market, and acquire information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on adhesives & sealants offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the adhesives & sealants market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for adhesives & sealants across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the adhesives & sealants market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of the leading players in the adhesives & sealants market