Bulkchemicals Market Reports Adhesive and Sealant Market | Page 3
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Automotive adhesives would grow at about 5% CAGR from 2016 to 2024. Their key
applications comprise carpeting, sealing doors & windows, and bonding decorative trims,
side moldings, & vinyl roofs.
North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East &
Africa (MEA) are geographies in the adhesive and sealant market. APAC reigned over the
global market in 2015, earning above USD 11 billion. Increased budgets for development
projects in India, China, & Indonesia may boost regional demand.
North America captured over 20% shares with respect to demand in 2015. It is expected to
witness slow growth in the forecast period. The demand for silicone sealants in Europe
exceeded 150 KT in 2015. It will expand significantly. LATAM is led by Brazil and followed
by Argentina & Mexico.
Major players operating in the worldwide adhesive and sealant market include the 3M
Company, The Dow Chemical Company, Henkel AG & Co. KGaA, and H. B. Fuller. Together,
they hold more than 45% of the industry.
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