An adhesive is a compound blend that combines two surfaces to frame a solitary unit, though a sealant is a semisolid material used to forestall liquid spillage. Adhesive have high shear and rigidity that makes them the most appropriate for holding-and holding related applications. Then again, sealants are utilized to fill holes and oppose relative development of substrates.
ChemIntel360’s global Adhesives and Sealants Market study is a 200+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and application industry perspective. The industry is expected to grow at a CAGR of 3.5% mainly due to growing demand for adhesives and sealants from construction industry which is expected to bolster the market over the forecast period.
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Adhesive and sealants are planned with comparable synthetic substances and advancements, and are utilized in a wide scope of areas, for example, paper bundling, carpentry, footwear producing, building and development, electrical and gadgets, car, and others.
Scope
This study contains global and regional market size data. The numbers are broken down by application (Pressure sensitive applications, Packaging, Furniture, Footwear, Automotive, Pulp and Paper and Others), by Type (Silicone, Acrylic, Polyvinyl Acetate, Polyurethane, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Adhesives and Sealants market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$63.1 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Expansion in specialized progressions and R&D exercises has flooded the interest for a wide reach electrical and electronic gadgets like tablets, cell phones, PCs, and others where glues and sealants are generally utilized for holding different parts.
The major players covered in the adhesives & sealants market report are 3M, Huntsman International LLC, Dow, H.B. Fuller Company., Henkel Adhesives Technologies India Private Limited, MAPEI S.p.A, H.B. Fuller Company, Bostik, Baxter., Eastman Chemical Company, Exxon Mobil Corporation., among other domestic and global players.
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