Adhesives are substances used to join two different substrates together. It is available in solid and liquid forms and can efficiently distribute stress throughout the materials uniformly. Sealants, on the other hand, are used in joining substrates of different coefficients of elongation and resistance to environmental conditions. The global adhesives and sealants market report by Market Research Future (MRFR) takes a look at the developments in curing methods and the inclination towards these chemicals derived from organic sources. It contains predictions and estimations for the period of 2016 to 2024 (forecast period).

Market Scope

The global adhesives and sealants market is driven by the need for fast curing agents, government regulations, and use of non-volatile adhesives. Applications in the healthcare industry are expected to spike its demand significantly. For instance, the dentistry sector uses adhesives to assemble thousands of medical devices or during surgeries. The pharmaceutical industry also uses adhesives for sealing active pharmaceutical ingredients in capsules. This can ensure safe delivery of the drug to the intended target. Massive demand for lightweight vehicles amid regulations of lowering emission levels can fuel the demand for adhesives and sealants extensively.

Segmentation

The global adhesives sealants market is segmented by technology, product, and application.

By technology, the market is segmented into the hot melt, water, solvent, and reactively based adhesives and sealants. The water based technology is expected to lead due to its application in automotive and construction sectors.

Products in the global adhesives and sealants market include epoxy, polyvinyl acetate, acrylic, polyurethane, and others. The acrylic segment is expected to dominate the market till 2023 owing to applications in grouting, jointing, embedding, and caulking. But the polyurethane segment is projected to exhibit a strong CAGR during the forecast period owing to its demand in automotive, construction, and packaging sectors. This is evident with its use for bonding concrete with sheet metal. They are characterized by their water resistance, high flexibility, and durability at low temperatures.

Sample link - https://www.marketresearchfuture.com/sample_request/3865

Key applications include automotive, pressure sensitive, construction, furniture, packaging, and others. The pressure sensitive application is deemed to lead in the market due to applications of adhesives in non-structural applications. The growth of the construction industry is likely to kickstart the demand for tapes in countertop lamination, ceramic tiles, carpet laying, and flooring underlayment.

Regional Analysis

The adhesives sealants market report touches on North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East Africa (MEA).

APAC is expected to hold a major share of the market due to the utilization of acrylic adhesives in furniture, packaging, automotive, and construction sectors. Pressure-sensitive adhesives and sealants will find maximum demand in countries of China, India, and Japan.

North America is expected to show a relentless growth rate due to demand for water-proof sealants. Consumption of high-temperature adhesives in Mexico, Canada, and the U.S. due to its chemical resistance and flexibility can propel the global adhesives and sealants market growth.

Access Complete Report @ 

https://www.marketresearchfuture.com/reports/adhesives-sealants-handheld-devices-market-3865

Europe can display a steady growth rate during the assessment period due to mass consumption of water-based adhesives to tackle the effects of solvent-based adhesives. Lastly, the Latin America adhesives and sealants market can expand due to development of composites and awareness of eco-friendly alternatives.

Competitive Outlook

H.B. Fuller Company, The Dow Chemical Company, Ashland, Eastman Chemical Company, Ellsworth Adhesives, 3M, Beardow Adams, BOSTIK SA, Henkel AG Co. KGaA, and AVERY DENNISON CORPORATION are key players of the global adhesives and sealants market. Mergers and acquisitions, product development, and investments in research and development are to be witnessed in the coming years by players to sustain their hold in the market.