Waterproof Adhesive & Sealant Market to Be Dominated by Polyurethanes Segment Through 2027
Increasing demand Automobile
sector & construction projects are expected to drive the demand for the
Waterproof Adhesives & Sealants Market in the forecast period, 2023-2027.
According to TechSci Research
report, “Waterproof Adhesive & Sealant market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”, The Adhesive &
Sealant market is anticipated to grow at an impressive rate in the projected
period, 2023-2027. The adhesives & sealant market is expected to increase
due to the growing Automobile, construction, packaging, aerospace, woodwork,
and petroleum. According to Statista, the Global market value of adhesives in
2020 is 43.75 billion US dollars and is expected to reach 64.71 billion US
dollars in 2027. The above data indicate the uses of adhesive at globally and
the opportunity of increasing market share due to the growing population and
economic development. Thus, the Adhesives and sealant requirement will rise in
the anticipated period for the smother operation. Manufacturers are provided
guideline on the manufacturing of the product due to the presence of VOC (volatile
organic compound).
To confront the obstacle
due to VOC in the adhesives market, government and private organizations are
working together and doing R&D for better products. Additionally,
Government initiatives like FTA (Free Trade Agreement) such as commonwealth of
independent states, Eurasian economic union and others are helping
industrialists lower the cost of the product and the final cost of the goods.
Likewise, growing automobiles, construction, healthcare, aerospace, logistics, electronics,
and efforts by marketers to increase revenue are factors for the growth of the
market. Thus, the abovementioned factors will drive the growth and directly
impact the Global adhesives & sealant market growth. The annual average
spending on construction sector of the USA is 316 million in past ten
year. Thus, the United States adhesives &
sealant market will experience growth in the projected year due to their growing
demand and increasing population.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Adhesives & Sealant Market"
The global waterproof
adhesive & sealant market is segmented based resin type, and end -user type.
Based on the
end-user industry type, the market is divided electrical & electronics, construction,
healthcare, automotive, packaging, and others. As per estimates, the construction
segment is going to experience the highest market share during the forecast
period. On growing construction activities around the world for development and
fulfill the requirement of the people. During construction water proofing are
necessary for stronger output that can sustain extensive water without
providing harm to buildings.
Based on resin
type, the market is divided into epoxy, silicones, acrylics, polyurethanes, and others. Polyurethanes adhesives are
expected to account for a significant market share over the next projected
years. Polyurethanes adhesives allow ease and immediate water
proofing bond with others component compared to alternative adhesives. Due to
this, it is used for joint isolation, roofing, foundation, gutter, expansions
in construction segment.
Major
companies operating in global waterproof adhesive & sealant market are:
·
3M Company
·
Henkel AG
·
Avery Dennison
Corporation
·
Dow Chemical Company
·
H.B. Fuller Company
·
Huntsman Corporation
·
Sika AG
·
Mapei Spa
·
Bostik SA
·
RPM International,
Inc.
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The Asia-pacific
is expected to dominate the global market in the coming years due to its
government policy, availability of resources, manufacturing expertise, low-cost
workforce availability, and innovation capabilities. The Adhesives Market is
anticipated to increase due to the growing demand growing automobiles,
construction, healthcare, aerospace, logistics, packaging, and electronics.
According to Statista, the Global market value of adhesives in 2020 is
43.75 billion US dollars and is expected to reach 64.71 billion US dollars in
2027. Thus, the
adhesive & sealant requirement will increase in the forecasted year for
manufacturing and operation.
The demand for
Adhesives & sealant is anticipated to grow worldwide in the upcoming year
due to their diverse usage, result, and effectiveness. Technological
improvement, collaboration, merger, and acquisition are the various managerial
activities impacting the market's growth. On growing demand for automobiles
worldwide, infrastructural projects developing in the region, government
initiatives such as FTA between different countries, and others are market
propelling factors. All the factors as mentioned above are expected to impact
market growth and create favorable conditions to push the Canada adhesives
market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Waterproof Adhesives
& Sealants Market, 2027- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027, By Resin (Epoxy, Silicones, Acrylics, Polyurethanes,
Others), By End User Industry (Building & Construction, Electrical &
Electronics, Transportation, Others) By Company and By Region,
has
evaluated the future growth potential of global waterproof adhesive & sealant
market and provides statistics & information on market size, structure, and
future market growth. the report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global waterproof adhesive
& sealant market.”
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