CHICAGO, Feb. 11, 2021
CHICAGO, Feb. 11, 2021 /PRNewswire/ -- According to the new market research report "Adhesives & Sealants Market by Adhesive Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive), By Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Adhesives & Sealants Market size will grow to USD 80.0 billion by 2025 from USD 63.2 billion in 2020, at a CAGR of 4.8% during the 2020-2025 period. The growth of the market is supported by the increasing construction and automobile applications, advancements in formulating technologies, and growing demand in the APAC region.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=421
Browse in-depth TOC on "Adhesives & Sealants Market"
280 – Tables
69 – Figures
364 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/adhesive-sealants-market-421.html
Water-based is projected to be the largest formulating technology of the adhesives market
The adhesives market in the water-based segment is driven by the steady increase in demand from building & construction applications in North America and new infrastructure projects in India, Taiwan, and other developing countries across the world. Water-based adhesives provide excellent adhesion to different substrates and are used in a wide variety of packaging applications, such as bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding.
Medical is the fastest-growing application segment of the adhesives market
Medical is the fastest growing application in adhesives market, in terms of volume. Recently, with the outbreak of COVID-19, the governments, the private sector, and people throughout the world have been affected hugely due to the pandemic. Hence, the healthcare and medical devices sector has become the centerpiece for the recovery of patients. Medical devices are being used in large numbers due to the increased number of positive cases. This has increased the use of adhesives. Another driving factor is the aging population, driven by increasing life expectancy, which fuels the demand for medical devices, ultimately increasing the demand for adhesives.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=421
APAC is the largest adhesives & sealants market globally
APAC is projected to lead the adhesives & sealants market during the forecast period which is driven by high economic growth and heavy investments in packaging, automotive, building & construction, medical, and electronic industries. APAC is increasingly becoming an important global trade and commerce center. Various companies and other international players are setting up new plants or expanding their existing adhesives & sealants production units in this region because of the low cost of production and the ability to serve the local emerging market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=421
Browse Adjacent Markets: Chemical Market Research Reports & Consulting
1. FILM ADHESIVES MARKET - GLOBAL FORECAST TO 2023
Type (Epoxy, Acrylic, Cyanate Ester), End-Use Industry (Electrical & Electronics, Aerospace, Automotive & Transportation, Consumer), and Region (APAC, North America, Europe, South America, and MEA)
2. HYBRID ADHESIVES & HYBRID SEALANTS MARKET - GLOBAL FORECAST TO 2022
Type (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), Application (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/adhesive-sealants-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/adhesive-and-sealant.asp