The global adhesives and sealants market size is expected to reach USD 99.48 Billion in 2030 and register a revenue CAGR of 4.6% over the forecast period, according to the latest report by Reports and Data. An increase in demand for the product from end-use industries is the key factor driving market revenue growth. Adhesives are substances that help to bind two items together to make them solid and tough, and sealants are used as a hard coating on a permeable surface or to block the flow of fluid. Adhesives and sealants are utilized in a variety of applications, including building & construction, paper & packaging, transportation, and others. Increased demand for high-performance adhesives in the automotive, pressure-sensitive, construction, furniture, packaging, and footwear industries, as well as the increased penetration of lightweight passenger cars with high fuel efficiency and lower emissions, are driving the market revenue growth. The rise in demand for drywall, bathroom flooring, fixtures for walls, ceiling applications, tiling applications, and molding applications in the construction industry, as well as the increased use of adhesives in both interior and exterior vehicle applications, all further drive the market revenue growth. In addition, rapid urbanization and industrialization, R&D activities, an increase in investments, and the expansion of end-user industries provide profitable opportunities for market players during the forecast period.
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Top Companies Operating in the Global Adhesives and Sealants Market:
Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, Arkema S.A., 3M Company, Huntsman Corporation, Illinois Tool Works Inc., Avery Dennison Corporation, Wacker Chemie AG, and RPM International Inc.
Some Key Highlights From the Report
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Adhesives and Sealants Market Segmentation
Adhesives Formulating Technology Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Sealants Resin Type Outlook (Revenue, USD Billion; 2019-2030)
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Regional Outlook (Revenue, USD Billion; 2019-2030)
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