Bulkchemicals Market Reports Adhesive and Sealant Market | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Bio-based adhesives are gaining prominence due to their low manufacturing costs and eco friendliness. The adhesive and sealant industry is divided on the basis of technologies, products, applications, and regions. Solvent-based, water-based, reactive & others, and hot melt are the technologies. Water-based led with over 40% shares in 2015. It exceeded USD 8 billion that year. This segment is predicted to dominate over the next eight years. The same can be credited to its ability to lower VoC (volatile organic content) emissions. Adhesive products include acrylic, polyvinyl acetate (PVA), polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate (EVA), and others. Sealant products encompass polyurethanes, silicones, acrylic, PVA, and others. Acrylic adhesives generated almost USD 5 billion in 2015. They are used to develop UV light curing and waterborne & heat resistant technologies. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/bulk-chemicals-industry EVA adhesives accounted for over 400 kilotons (KT) in 2015. They should regain their shares in the near future. Silicone sealants reportedly surpassed USD 2 billion in 2015. They will grow further due to expanding automotives and construction industries. Pressure sensitive, automotives, footwear, furniture, construction, medical, packaging, and others constitute the adhesive applications. Pressure sensitive tapes, assemblies, packaging, automotives, construction, and others are the sealant applications. Pressure sensitive adhesive applications were valued over USD 6 billion in 2015. They are expected to generate over 4 KT by 2024, at 4.8% CAGR. Packaging accounted for over 20% demand in 2015. Automotive sealants generated more than 18% demand the same year. They can exhibit 5.4% CAGR till 2024. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/