Introduction and high growth prospects of
high-performance polymers in the construction sector have worked to the
advantage of the global adhesives and sealants market. While the building and construction industry has been
the mainstay of adhesives and sealants sales worldwide, furniture, paper and
pulp, packaging, automotive and transportation, electronics, and footwear also
represent some of the other key consumer segments that generate measurable
demand for adhesives and sealants. Applications in packaging and paper in fact
accounted for nearly a fourth of total sales of adhesives and sealants recorded
in 2018, indicates a new upcoming intelligence study of Fairfield Market
Research. The report also suggests that the rampant expansion of packaged food
sector will provide a magnificent impetus to the sales of innovative sealants
and adhesives in the near future.
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Evolving Automotive Industry Looks at Adhesives and
Sealants as Preferred Fastening Materials
With the massive consumption volume of over 19 MT
every year, adhesives and sealants continue to garner a majority of traction
within the building and construction industry. However, the demand for
automotive and transportation applications has been growing exponentially over
the recent past. The industry’s move to the e-mobility of the future and the
consecutive rise in demand for fuel-efficient, lightweight automobiles are
giving a strong push to the sales of adhesives and sealants in global market. OEMs
associated with the automotive industry are especially seeking innovative and
highly effective materials that would promote excellent bonding of components that
are lighter in weight when compared to their conventional fastening
alternatives. The role of sealants and adhesives in reducing noise, vibration, and
harshness (NVH application) is also gathering significance, thereby bolstering
sales further.
Packaging Application Underpins Sales of Adhesives
and Sealants in Multiple Sectors
While the construction industry’s rebound in Europe
and North America contribute significantly to the rising demand, robust
infrastructural progress of developing Asian economies and some other countries
such as Brazil are expected to register heavy consumption of adhesives and
sealants. However, given the impact of COVID-19 impact on the building and
construction industry, the sales of sealants will most likely remain dampened
for a while. On the other hand, adhesives continue to sell out steadfast as the
consumption by medical, packaging, and paper industries is thriving incessantly.
With ecommerce and packaged food sectors growing in leaps and bounds, innovative
and cost-effective adhesive products with low-odour high-adhesion attributes
will gain ground faster. Emerging packaging application in the beauty and
cosmetics landscape is also expected to be a major booster to the adhesives and
sealants market. Solid growth in sales of labels and tapes will further
supplement demand.
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Sustainable Solutions Garner Interest of Adhesive
and Sealant Manufacturers
While the US and western European countries
represent maturing markets, manufacturers of sealants and adhesives will highly
likely discover new opportunities in eastern European economies, Turkey, and
Russia. The trend in these countries is however inclining towards
environmentally sustainable adhesive and sealant materials. In terms of consumption,
Asia Pacific was the top consumer region in 2018, led by China. The rise of
green building standards their rapidly growing expanse will be among the
important contributors in fostering the demand for adhesive and sealants. Although
water-based adhesives remain the most sought-after, hot melt adhesives are also
likely to witness decent growth in demand in the near future. In an effort to
achieve versatile applicability, companies are investing in speciality
adhesives and reactive adhesives that mark some of the recent industry trends.
In 2018, the 10 leading players in the global adhesives and sealants market
captured more than half the total market valuation. Some of the most prominent
companies include H.B. Fuller, Sika, 3M, Bostik, Henkel, and Dow.
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