Adhesion, bonding and sealing have become essential proficiencies for joining/sealing two or more substrates with each other. Moreover, several novel and innovative products could not be manufactured without employing adhesion techniques. On the other hand, the technique allows the filling of spaces between two or more substrates and is a crucial element in the building & construction industry.
Adhesive is a common umbrella term incorporating cement, glue, mucilage, and paste among other adhesives. The key function of an adhesive as a composite is to adhere to an object or bond two substances together. Sealants fall between the higher-strength adhesives and extremely low-strength putties and caulks. A sealant is a soft, pliable material that is mainly used to seal cracks of joints where structural strength is not required.
Asia-Pacific is a major contributor to the global adhesives and sealants market supported by increased construction spending, automobile sales and demand for adhesives from countries like India and China.
The global adhesives and sealants market is expected to grow due to rising urban population, increasing construction expenditure, growing light-weight vehicle market and accelerating personal disposable income. Key trends of this market include growing adhesive and sealants end-markets, rising nonwoven adhesives market, developing demand of adhesives from emerging economies and adhesive consumption in different regions. However, there are some factors which can hinder the market growth including stringent regulation and intense competition.
“Global Adhesives & Sealants Market: Industry Analysis & Outlook (2019-2023)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. Key players i.e. Henkel AG & Company, KGaA, 3M Company, H.B. Fuller Company and Arkema S.A. are being profiled along with their respective financials and growth strategies.