01-Sep-2021 | Market Research Store
The MRS report titled “Adhesives Sealant Additives Market By Technology (Reactive Technology, Solvent-based Technology, Hot-melt Technology and Water-based Technology), By End-User (Building & Construction, Automotive, Paper & Packaging, Furniture, Leather & Footwear, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the adhesives sealant additives market in 2020 was approximately USD 8,000.6 Million. The market is projected to grow at a CAGR of 4.8% and is projected to reach around USD 9,520.6 Million by 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 joining of multiple components has been an essential part of modern industry sectors such as automotive and electrical. Multiple 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. Common methods of joining like welding, riveting, and screwing are being replaced with new bonding systems such as adhesives and sealants. Numerous 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. 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.
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. Furthermore, 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. In 2020, the water-based segment was followed by the solvent-based and hot-melt. In terms of technology, the water-based segment is accounted for the largest share of the market in 2020. This development is anticipated to continue during the forecast period. In terms of end-user industry, the building & construction considered for the highest share of the market in 2020 which is about to continue its dominance during the forecast period.
Ever-increasing population and increase in dispensable income among the middle-class are the most important factors driving the construction industry in developing economies. The advancement of bio-based adhesives sealants additives can hinder the market during the forecast period.
The Asia Pacific is accounted for the largest market share in 2020, in terms of revenue. The market in this region is expected to gain major growth in the forthcoming future. China is the leading country in 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. Additionally, 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, Europe and North America accounted for a significant share of the adhesive sealant additives market in 2020.
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, Wacker Chemie AG is a universal company driven by in detail research. Offering impetus for innovative applications and products, they are a technological driving force in many industrial segments.
Browse the full “Adhesives Sealant Additives Market By Technology (Reactive Technology, Solvent-based Technology, Hot-melt Technology and Water-based Technology), By End-User (Building & Construction, Automotive, Paper & Packaging, Furniture, Leather & Footwear, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026.” Report at https://www.marketresearchstore.com/market-insights/adhesives-sealant-additives-market-828625
This report segments the adhesives sealant additives market as follows:
Global Adhesives Sealant Additives Market: By Technology
Global Adhesives Sealant Additives Market: By End-User
Global Adhesives Sealant Additives Market: Regional Segmentation Analysis
About Us:
Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.
Contact Us:
Market Research Store
244 Fifth Avenue, Suite N202
New York, 10001, United States
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@MarketResearchStore.com
Website: https://www.marketresearchstore.com