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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. 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. 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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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
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.
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 analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Adhesives and Sealants market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
Some Key Highlights From the Report
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The post Adhesives and Sealants Market Size, Industry Growth, Sales Revenue, Industry Expansion Strategies to 2030 appeared first on Market O Graphics.
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