New York, Aug. 13, 2019 (GLOBE NEWSWIRE) -- The increased demand from the automotive and construction industry is propelling the growth of the market.

The global adhesives & sealants market is forecast to reach USD 88.25 Billion by 2026, according to a new report by Reports and Data. The increased demand from the automotive and construction industry will fuel the growth of the market. The development of new materials has led to sophisticated processing technologies, which in turn increases the need for adhesives and sealants. Traditional thermal methods, such as welding and riveting, results in alterations in the specific properties of the material within the heat-affected zone.

The key players in the market are highly investing in research of development of these technologies to innovate their adhesive formulations to meet the stringent specifications of the end-use industry. Technologically advanced paste, liquid, or film adhesive and sealant systems facilitate improved durability, performance, weight savings, and fuel efficiency for vehicles. The wide range of resins used in the adhesives and sealants consists of epoxies, polyurethanes, silicones, and polysulfide, among others.     

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Further key findings from the report suggest

  • Among the product types, sealants account for a larger market share of ~56% in the year 2018. The adhesives segment is anticipated to witness a higher CAGR of 6.0% during the forecast period. The products are further classified into reactive and non-reactive adhesives & sealants, which indicates the reaction of the adhesive to certain chemicals.
  • The primary objective of a sealant is to seal joints and assemblies. Sealants have sufficient adhesion to the substrates and resistance to environmental conditions to remain bonded over the required life of the construction.
  • The polyurethane resins account for the largest market share of ~22% in the year 2018. The acrylic resins are anticipated to witness a higher CAGR of 5.8% during the forecast period.
  • The polyurethane adhesives are suitable for a wide range of substrates, including metals, wood, cured epoxy, rubbers, tile and glass, leather, concrete, plastics, and brick, among others. On the other hand, acrylic adhesives are reliable and effective at bonding multiple objects together. They are resistant to sunlight, water or humidity, and high temperatures.
  • North America held the largest market share of ~30% in the year 2018, owing to the substantial investments in automotive and construction activities. The rising investments in research and development of adhesive technologies are responsible for some of the significant developments in the market, which has positively impacted the overall market.
  • Key participants include Sika AG., Henkel AG & Co. KGaA, RPM International Inc., Bostik SA, H.B. Fuller Company, The 3M Company, KCC Corporation, Avery Dennison Corporation, Illinois Tool Works Inc., DowDuPont Inc., Huntsman International LLC., Ashland, and Akzo Nobel N.V., among others.
  • The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/global-adhesives-and-sealants-market

Segments covered in the report:

For this report, Reports and Data have segmented into the global Adhesives & Sealants market on the basis of product type, resin type, technology, industry vertical, and region:                     

Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Adhesive
    • Reactive
    • Non-reactive
  • Sealant
    • Reactive
    • Non-reactive

Resin Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Acrylic
  • PVA
  • Polyurethanes
  • Styrenic block
  • Epoxy
  • EVA
  • Others

Technology Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Solvent-based
  • Water-based
  • Others

Industry Vertical Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Building and Construction
  • Packaging
  • Transportation
  • Automotive
  • Aerospace & Defense
  • Healthcare & Life Science
  • Electrical & Electronics
  • Other

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Regional Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Latin America
  • Brazil

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