Adhesives and Sealants Market Is Booming Across the Globe and Witness Huge Growth by Key Players to 2028

Posted by Pearl Smith on October 17th, 2022

Adhesives are substances that have properties that make it possible for them to hold things together in a way that prevents separation. Things are held together with the help of adhesives, such as cement, glue, paste, and mucilage. Sealants are substances with adhesive properties that are used to fill, waterproof, and seal gaps and seams between two surfaces. Because of these characteristics, sealants are widely used in dental treatment to fill cavities. Additionally, depending on their high tensile and shear strengths, adhesives are separated into two groups, structural and nonstructural adhesives. In both sealants and adhesives, the method and chemical formulation are similar. Silicon-based and water-based adhesives are anticipated to play a significant role in the market due to the significant anticipated market growth in the upcoming years. Due to the large predicted market growth in the coming years, silicon-based and water-based adhesives are anticipated to have a prominent position in the worldwide adhesives and sealants market.

Asia Pacific is expected to be one of the major sources of income because of the region's expanding economies and favourable governmental policies. For instance, the government of India's Make in India initiative aims to raise the country's manufacturing of passenger cars to 9.4 million by 2026. Additionally, due to China and India's rapid economic growth and urbanisation, it is estimated that the demand for adhesives and sealants in the Asia Pacific area will increase significantly over the projected period. The market is growing because a number of the end-use industries in the area are growing rapidly. The demand for modern buildings and commercial complexes with glass exteriors is expanding, which is driving up demand for adhesives and sealants globally.

Evans Adhesive Corporation Limited, The Dow Chemicals Company, Arkema SA, Henkel AG & Co. KGaA, DuPont, Avery Dennison, RPM International, Royal Adhesives & Sealants LLC, Berry Plastics Corporation, Ashland Inc., Bemis Company Incorporated, Akzo Nobel NV, and BASF SE, are just a few of the major market players.

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