San
Francisco, 27 March, Hybrid Adhesives & Sealants Market Size, Share &
Trends Analysis Report By Resin Type (MS Polymer, Epoxy-Cyanoacrylate), By
Application (Building & Construction, Automotive), And Segment Forecasts,
2019 – 2025.
The global hybrid adhesives and sealants market size is expected to reach USD 22.50 billion by 2025
according to a new report by Grand View Research, Inc. It is anticipated to
expand at a CAGR of 8.3% over the forecast period. Growing popularity of hybrid
resins has led to its usage in adhesives and sealants. Increasing
infrastructural developments and demand for lightweight vehicles are
anticipated to augment the market during the forecast period.
The
building and construction industry is witnessing considerable growth across the
globe, especially in developing countries. Hybrid sealants are widely used in
concrete sealing, joint filling, and cable sealing applications. Its ability to
bond with different types of substrates, tolerate extreme weather conditions,
compatibility with paints and coatings, and availability in different colors is
boosting the demand.
Growing
concerns toward environment and energy consumption have encouraged automotive
manufacturers to increase the production for lightweight vehicles, where hybrid
adhesives are of vital importance. Hybrid adhesives contribute significantly in
reducing the weight of a vehicle. They offer strong adhesion and bonding for
different types of materials that allows the usage of lightweight substrates in
vehicle production and also eliminate the need for mechanical fasteners. This
further leads to saving time and productivity along with enhanced fuel
efficiency and less VOC emissions post-production. The increasing production of
lightweight vehicles is anticipated to propel the global market.
Hybrid
adhesives and sealants combine the superlative properties of both the resins,
but seldom inculcate their disadvantages. This is a major factor driving the popularity
and adoption of the product. MS polymer and epoxy-cyanoacrylate are the two
hybrid resins, which are majorly used in their production.
MS
polymer holds a significant market share owing to cost effectiveness and usage
in the production of both hybrid adhesives and sealants. In terms of volume,
the segment accounted for 69.8% market share in 2017 and this share is expected
to increase over the forecast period.
The
market witnesses competitive rivalry due to the presence of major industry
players, such as Henkel Corporation, 3M, Wacker Chemie AG, H.B. Fuller, and
others. The players are introducing new products and engaging major
acquisitions for strengthening their market position.
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Research Report On Hybrid Adhesives & Sealants Market Analysis:
Further key findings from the report
suggest:
·
Building and construction was
the largest application segment in 2017 on account of increasing propensity of
builders towards hybrid adhesives and sealants and growth of the global
construction market
·
In terms of revenue,
epoxy-cyanoacrylate segment is expected to register a CAGR of 8.4% during the
forecast period
·
In terms of revenue, Asia
Pacific is likely to witness the fastest growth of 9.5% from 2017 to 2025 owing
to rapid infrastructural developments especially in India and Southeast Asian
countries
·
In Middle East and Africa
hybrid adhesives and sealants market, the demand from automotive application is
expected to expand at a CAGR of 13.2%, in terms of revenue, due to the
increasing automotive production in Iran
·
In 2017, Sika launched two new
products and acquired Turkey based ABC sealants, for strengthening its market
position in the adhesives & sealants industry
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global hybrid adhesives and sealants market on the basis of resin
type, application, and region:
Hybrid
Adhesives & Sealants Resin Type Outlook (Volume, Kilotons; Revenue, USD
Million, 2014 - 2025)
·
MS Polymer
·
Epoxy-cyanoacrylate
·
Others
Hybrid
Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD
Million, 2014 - 2025)
·
Building & Construction
·
Automotive
·
Others
Hybrid
Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD
Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-hybrid-adhesives-sealants-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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