LOS ANGELES, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The global adhesive and sealants market is expected to reach the market value of around $83 billion by 2026 and is expected to grow at a CAGR of around 5% in terms of revenue during the period 2018 - 2026.
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Adhesive is a mixture of blend that combines two surfaces to frame a solitary unit, although a sealant is a semisolid material used to avoid liquid spillage. Adhesives and sealants are designed to compare chemicals and advancements, and these are used as a part of a related scope of utilizations. Even though they are considered as a solitary industry, their implementation is particular across over the end-user. Adhesives are ideal for holding related applications and their properties such as high shear and rigidity makes the adhesives capable for this applications. Again sealants are used to fill holes and oppose relative development of substrates.
The major key role to drive sales of high performance adhesives across the global automotive industry is the increasing penetration of lightweight passengers cars with lower emissions and higher fuel economy. Also, adhesive finds its usage in both interior and exterior automotive applications. For instance, they are alternatives for nuts and bolts which results in reducing weight and thereby increases the fuel economy of vehicles. Furthermore, enhanced adhesive with superior bonding capabilities are the substitute for the traditional welding and other mechanical fastening methods.
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Adhesive And Sealants Based On Polyurethanes Drives The Construction Industry
Adhesives and sealants provide unique solutions and alternatives to conventional fasteners and joining materials for the construction industry. Mainly polyurethane adhesives and sealants are used to simplify construction processes and reduce their overall cost by providing rapidly cured, durable yet flexible bonds that are resistant to chemicals, heat and water. In addition, increasing in adoption of adhesive and sealants in the construction industry drives the market growth due to durable, stable and resistant to weather, moisture, and chemicals. Moreover, the application of sealants and adhesives are ideally suited for the flooring, the sealing of movement joints and earthquake mitigation projects.
There are wide number of applications such as:
Drywall Lamination
Carpet Layment
Countertop Lamination
Concrete
Joint Cements
Ceramic Tile
Heating, Ventilation, Air Conditioning
Pre-finished Panels
Roofing
Manufactured Housing
Wall Covering
Flooring Underlayment
Resilient Flooring
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Adhesive Technology Water Based Is Dominating The Acrylic Adhesives Market
Water-based technology is increasingly becoming an integral part of various end-user industries, due to their low-toxic nature and eco-friendly, high solid content, and high initial adhesion properties. In addition, the vital reason for the rising adoption of water-based technology over others due to absence of volatile organic compounds in water-based adhesives. There are wide applications of water-based adhesives in the automotive, shoe, mattress, construction, wood work & furniture, and paper & packaging industries, among others. For instance, automotive production registered a growth rate with maximum growth in Asia-Pacific and Europe region. Furthermore, the market is estimated to grow in the upcoming years owing to rising investments in the automotive market. As these industries maintain to grow, the market for water based acrylic adhesives too is projected to rise during the forecast period.
Key Players
Attracted by this expanding adhesive and sealants market and crucial latent requirement, several vendors are expanding their business through new product development and strategic mergers and acquisitions and partnerships with several vendors. Some of the key players operating in the global adhesive and sealants market, profiled in the report include BASF SE, 3M Company, The Dow Chemical Company, Ashland Inc., Ashland Inc., Avery Denison Corporation, Arkema, Beardow & Adams Limited, Eastman Chemical Company, Ellsworth Adhesives, H.B Fuller Company, Henkel AG & Co., Momentive Specialty Chemical Industries, N.D. Industries Inc., Sika AG, Uniseal Inc. and among others.
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