According to the report published by the Market Research Store, global demand for the adhesives sealant additives market was estimated at approximately USD 8,000.6 Million in 2020 and is expected to generate revenue of around USD 9,520.6 Million by end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.
An additive type used in adhesives sealants involves organofunctional silane adhesion promoters, defoamers, wetting agents, light stabilizers, pigments, dispersing agents, rheology additives, fillers, surface additives, and dispersants. The combination of multiple components has been an essential part of modern industry sectors such as automotive and electrical. Common methods of joining such as welding, riveting, and screwing are being replaced with modern bonding systems such as adhesives and sealants. Several types of adhesive systems are easily accessible in the market ranging from solvent-free reactive systems or solvent-borne systems to aqueous dispersion adhesive goods. Different types of adhesives are employed in this system to pass on characteristics throughout their production.
Additives impart particular characteristics and are usually utilized in different concentrations and combinations for the production of adhesives and sealants. Moreover, wetting and dispersing agents help in the spreading of fillers and pigments and also help to get a higher filling level by reducing viscosity, preventing sedimentation. To gradually adjust the pseudoplastic or thixotropic activities of the final product, rheology additives are added.
| REPORT SNAPSHOT & REPORTING DATA TIMEFRAME | |
|---|---|
| Parameter | Details |
| Historical Date ( Actual Data) | 2016 - 2020 |
| Base Year Data | 2020 |
| Current Year Data | 2021 |
| Projected Data | 2021 - 2026 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | product type, application, region |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Country Scope | U.S.; Canada; Mexico; Germany; France; U.K.; China; Japan; South Korea; Singapore; Malaysia; Brazil; Saudi Arabia |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
The adhesive sealant additives market is expected to gain sturdy growth during the forecast period due to the rising demand from different end-user industries. Sealants are known to offer great elongation and lesser power than adhesives, making them helpful in the sealing application of joints and assemblies. Moreover, developing construction activities, especially in BRIC countries, is expected to offer abundant growth and opportunities to the adhesives sealant additives market during the forecast period. In terms of technology, the water-based segment is accounted for the largest share of the market in 2016. This development is anticipated to continue in the future. In 2016, the water-based segment was followed by the solvent-based and hot-melt. In terms of end-user industry, the building & construction considered for the highest share of the market in 2016 which is about to continue its dominance during the forecast period.
Increasing population and growing dispensable income amongst the middle-class are the major factors driving the construction industry in developing economies. Also, expansion in the building & construction segment is likely to gain advantageous opportunities for adhesive sealants additives markets. This, in turn, is expected to boost up the market for adhesive sealant additives. The advancement of bio-based adhesives sealants additives can hinder the market during the forecast period.
On the basis of technology, the market for adhesives sealant additives is divided into reactive technology, solvent-based technology, hot-melt technology, and water-based technology. Based on the end-user industry, the adhesive sealant additives market is segmented into building & construction, automotive, paper & packaging, furniture, leather & footwear, and others.
In terms of revenue, Asia Pacific is accounted for the largest market share in 2016. The market in this region is expected to gain major growth in the forthcoming future. In 2016, China is the leading region of the adhesive sealant additives market in the Asia Pacific. This growth is due to the development in building & construction, automotive, and other industries in the country. In addition, the adhesive’s sealant additives market in the Asia Pacific region is anticipated to grow at a moderate speed in other applications such as furniture, paper & packaging, leather & footwear. Also, North America and Europe accounted for a significant share of the adhesive sealant additives market in 2016.
Major significant players in the adhesive’s sealant additives market cover Cabot Corporation, Henkel AG, IMCD, H.B. Fuller, Sika AG, Wacker Chemie AG, Arkema (Bostik SA), 3M Company, ALTANA, Avery Dennison Corporation, Dow Inc., Illinois Tool Works Inc., and Huntsman Corporation.
For example, in November 2020, Cabot Corporation announced the launch of a new elastomer composite for tires that is designed to deliver “noteworthy performance” in terms of heat, chip, and abrasion resistance.
The adhesive sealant additives market is expected to gain sturdy growth during the forecast period due to the rising demand from different end-user industry. Moreover, developing construction activities, especially in BRIC countries, is expected to offer abundant growth and opportunities to adhesives sealant additives market during the forecast period. Increasing population and growth in dispensable income amongst middle-class are the major factors driving the construction industry in developing economies. Also, expansion in the building & construction segment is likely to gain advantageous opportunities for adhesive sealants additives markets.
The global demand for the adhesives sealant additives market was estimated at approximately USD 8,000.6 Million in 2020 and is expected to generate revenue of around USD 9,520.6 Million by end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.
In terms of revenue, Asia Pacific is accounted for the largest market share in 2016. The market in the region is expected to gain major growth in the forthcoming future. In 2016, China is the leading region of the adhesive sealant additives market in Asia Pacific. This growth is due to the development in building & construction, automotive, and other industries in the country.
Major significant players in the adhesives sealant additives market covers Cabot Corporation, Henkel AG, IMCD, H.B. Fuller, Sika AG, Wacker Chemie AG, Arkema (Bostik SA), 3M Company, ALTANA, Avery Dennison Corporation, Dow Inc., Illinois Tool Works Inc., and Huntsman Corporation.
Adhesives Sealant Additives
Adhesives Sealant Additives
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