The global hybrid adhesives & sealants market size was estimated at USD 11.86 billion
in 2017 and is projected to witness a CAGR of 8.3% from 2017 to 2025. Growing
preference for hybrid resins in end-use industries, such as building and
construction and automotive is expected to drive the global market.
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.
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.
Hybrid sealants and adhesives are a
combination of two resins that inherit the pros of both resins, but avoid most
of their cons. When compared to single resin-based adhesives and sealants they
offer a better and efficient performance, which is driving their increasing
application.
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.
Access Research Report of Hybrid Adhesives & Sealants
Market @ https://www.grandviewresearch.com/industry-analysis/hybrid-adhesives-sealants-market
Further key findings from the report suggest:
· 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
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
·
Epoxy-cyanoacrylate
·
Others
Hybrid Adhesives & Sealants Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Building & Construction
·
Automotive
·
Others
Hybrid Adhesives & Sealants Regional
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Hybrid Adhesives & Sealants Market@ https://www.grandviewresearch.com/press-release/global-hybrid-adhesives-sealants-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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