Adhesives and Sealants Market Growth, Trends, Analysis and Forecast
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- Date Submitted: 07/19/2016 02:16 AM
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Summary
World Adhesives & Sealants Market is Expected to Reach $66,876 Million by 2022 - Allied Market Research
According to a new report published by Allied Market Research, titled, Adhesives & Sealants Market, the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive products.
Factors driving the overall adhesives & sealants market are increasing automobile production and surging demand for packaging material. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Strong growth in infrastructure activity is also expected to drive the growth of adhesives & sealants market. Rapid urbanization and population growth in developing countries combined with rebounding construction activities in developed markets of Europe and the U.S. is fueling the demand for adhesives & sealants products. Stringent regulations on volatile organic chemical (VOC) emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate, resins, rubber and others) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems. The increasing popularity of environment-friendly adhesives over traditional solvent-based and water-based adhesives acts as an opportunity for the market growth.
Browse full report with TOC@ https://marketreportscenter.com/reports/319304/world-adhesives-and-sealants-market-opportunities-and-forecasts-2015-2022
Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is owing to inkling of major end-user industries namely packaging and...
World Adhesives & Sealants Market is Expected to Reach $66,876 Million by 2022 - Allied Market Research
According to a new report published by Allied Market Research, titled, Adhesives & Sealants Market, the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive products.
Factors driving the overall adhesives & sealants market are increasing automobile production and surging demand for packaging material. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Strong growth in infrastructure activity is also expected to drive the growth of adhesives & sealants market. Rapid urbanization and population growth in developing countries combined with rebounding construction activities in developed markets of Europe and the U.S. is fueling the demand for adhesives & sealants products. Stringent regulations on volatile organic chemical (VOC) emission is likely to restrain the market, as solvent-based adhesives (vinyl acetate, resins, rubber and others) have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems. The increasing popularity of environment-friendly adhesives over traditional solvent-based and water-based adhesives acts as an opportunity for the market growth.
Browse full report with TOC@ https://marketreportscenter.com/reports/319304/world-adhesives-and-sealants-market-opportunities-and-forecasts-2015-2022
Water-based adhesives segment is expected to continue its lead throughout the analysis period. This is owing to inkling of major end-user industries namely packaging and...