Press Release

Waterproof Adhesive & Sealant Market to Be Dominated by Polyurethanes Segment Through 2027

Increasing demand Automobile sector & construction projects are expected to drive the demand for the Waterproof Adhesives & Sealants Market in the forecast period, 2023-2027.


According to TechSci Research report,
Waterproof Adhesive & Sealant market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, The Adhesive & Sealant market is anticipated to grow at an impressive rate in the projected period, 2023-2027. The adhesives & sealant market is expected to increase due to the growing Automobile, construction, packaging, aerospace, woodwork, and petroleum. According to Statista, the Global market value of adhesives in 2020 is 43.75 billion US dollars and is expected to reach 64.71 billion US dollars in 2027. The above data indicate the uses of adhesive at globally and the opportunity of increasing market share due to the growing population and economic development. Thus, the Adhesives and sealant requirement will rise in the anticipated period for the smother operation. Manufacturers are provided guideline on the manufacturing of the product due to the presence of VOC (volatile organic compound). 


To confront the obstacle due to VOC in the adhesives market, government and private organizations are working together and doing R&D for better products. Additionally, Government initiatives like FTA (Free Trade Agreement) such as commonwealth of independent states, Eurasian economic union and others are helping industrialists lower the cost of the product and the final cost of the goods. Likewise, growing automobiles, construction, healthcare, aerospace, logistics, electronics, and efforts by marketers to increase revenue are factors for the growth of the market. Thus, the abovementioned factors will drive the growth and directly impact the Global adhesives & sealant market growth. The annual average spending on construction sector of the USA is 316 million in past ten year.   Thus, the United States adhesives & sealant market will experience growth in the projected year due to their growing demand and increasing population.  


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 110 Pages and an in-depth TOC on "Global Adhesives & Sealant Market"


The global waterproof adhesive & sealant market is segmented based resin type, and end -user type.

Based on the end-user industry type, the market is divided electrical & electronics, construction, healthcare, automotive, packaging, and others. As per estimates, the construction segment is going to experience the highest market share during the forecast period. On growing construction activities around the world for development and fulfill the requirement of the people. During construction water proofing are necessary for stronger output that can sustain extensive water without providing harm to buildings.


Based on resin type, the market is divided into epoxy, silicones, acrylics, polyurethanes, and others. Polyurethanes adhesives are expected to account for a significant market share over the next projected years.
Polyurethanes adhesives allow ease and immediate water proofing bond with others component compared to alternative adhesives. Due to this, it is used for joint isolation, roofing, foundation, gutter, expansions in construction segment.


Major companies operating in global waterproof adhesive & sealant market are:

·         3M Company

·         Henkel AG

·         Avery Dennison Corporation

·         Dow Chemical Company

·         H.B. Fuller Company

·         Huntsman Corporation

·         Sika AG

·         Mapei Spa

·         Bostik SA

·         RPM International, Inc.

 

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The Asia-pacific is expected to dominate the global market in the coming years due to its government policy, availability of resources, manufacturing expertise, low-cost workforce availability, and innovation capabilities. The Adhesives Market is anticipated to increase due to the growing demand growing automobiles, construction, healthcare, aerospace, logistics, packaging, and electronics. According to Statista
, the Global market value of adhesives in 2020 is 43.75 billion US dollars and is expected to reach 64.71 billion US dollars in 2027. Thus, the adhesive & sealant requirement will increase in the forecasted year for manufacturing and operation.


The demand for Adhesives & sealant is anticipated to grow worldwide in the upcoming year due to their diverse usage, result, and effectiveness. Technological improvement, collaboration, merger, and acquisition are the various managerial activities impacting the market's growth. On growing demand for automobiles worldwide, infrastructural projects developing in the region, government initiatives such as FTA between different countries, and others are market propelling factors. All the factors as mentioned above are expected to impact market growth and create favorable conditions to push the Canada adhesives market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


Waterproof Adhesives & Sealants Market, 2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Resin (Epoxy, Silicones, Acrylics, Polyurethanes, Others), By End User Industry (Building & Construction, Electrical & Electronics, Transportation, Others) By Company and By Region, has evaluated the future growth potential of global waterproof adhesive & sealant market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global waterproof adhesive & sealant market.”


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