SAN FRANCISCO, March 13, 2019 /PRNewswire/ -- 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.
Key suggestions from the report:
- 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
Read 110 page research report with TOC on "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" at: https://www.grandviewresearch.com/industry-analysis/hybrid-adhesives-sealants-market
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.
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
- Hybrid Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Building & Construction
- Hybrid Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:
- Silicone Sealants Market - Silicone sealants market size was USD 2.20 billion in 2015. Growing demand for silicone sealants in multiple end-use industries, on account of superior characteristics including high bonding qualities, thermal and chemical resistance and non-corrosion is expected to propel market growth.
- High Heat Foam Market - The global High Heat Foam Market size was USD 7.40 billion in 2015. Growing demand in industrial and automotive applications particularly in developing countries including India and Brazil is expected to be a key factor contributing to the market growth.
- Automotive Adhesive Tapes Market - The global automotive adhesive tapes market size was USD 6.19 billion in 2015 and is expected to witness significant growth over the next eight years owing to rising vehicle production in China, India, Mexico, and Brazil.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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