October 03, 2023 09:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Construction Sealant
Wilmington, Delaware, United States, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The adhesives & sealants market is expected to reach US$ 33.3 billion by 2030. Adhesives and sealants market sales are expected to increase at a CAGR of 8% until 2030. With the growing demand for adhesives and sealants from industries like construction, footwear, doors and beverage, medical, automotive, and leather, demand for these products has grown.
The use of smartphones and the advancement of technology are expected to fuel demand for these products in the market. Sustainable products are increasingly in demand due to consumer awareness of green construction and eco-friendly buildings.
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Advanced sealants and adhesives are likely to benefit greatly from nanotechnology. Incorporating nanomaterials may improve properties like adhesion, barrier, and resistance to the environment. Smart technologies and the Internet of Things (IoT) will increase the need for adhesives and sealants for sensors and electronic components. Besides conducting electricity, these smart adhesives may be capable of controlling temperatures or protecting electronic devices against electrical surges.
3D printing technology processes may affect adhesives and sealants for additive manufacturing. Material used in 3D printing must be able to adhere well to a variety of substrates and provide structural integrity to the parts that are being printed. Sealants and adhesives will be manufactured and applied more digitally and automatically, improving the quality control and precision of application.
Customized adhesive and sealant formulations will become more common in the near future. As a result, manufacturers may be able to tailor products to fit specific applications more easily. The industry will continue to evolve as a result of stricter regulations regarding waste disposal, emissions, and toxicity. For manufacturers to create products that meet these regulations, research and development will be essential.
Key Findings of the Market Report
Global Adhesives & Sealants Market: Growth Drivers
Global Adhesives & Sealants Market: Regional Landscape
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Global Adhesives & Sealants Market: Key Players
Companies are focusing on customer acquisition, mergers and collaborations, and launching new products in the future. Several other key developments are outlined below:
The global adhesives and sealants industry is dominated by several notable companies, including Illinois Tool Works Inc., KGaA, Sika AG, RPM International Inc., The 3M Company, Dow Inc., Huntsman International LLC, Henkel AG and Co., H.B. Fuller Company, Ashland, Avery Dennison Corporation, KCC Corporation, Bostik SA, and others.
Global Adhesives & Sealants Market: Segmentation
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