Healthcare Adhesives & Sealants Market Analysis and Demand wi | Page 4

Adhesives & Sealants Market Strategic
Growth Insights 2030
Market Industry Reports (MIR) has published a new report titled “Adhesives &
Sealants Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2019–2030.” According to the report, the global adhesives & sealants
market was valued at over US$ 50.0 Bn in 2018 and is anticipated to grow at a
substantial CAGR during the forecast period of 2019-2030.
Growing demand for light weight vehicles is the prime factor driving the market
growth. Moreover, growing construction industry is another factor driving the market
growth. However, due to volatility in the prices of crude oil and stringent regulation
reading emission of volatile organic compounds (VOC) are the factors hampering the
market growth.
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Rising Demand for Lightweight Vehicles
Rise in demand for increased fuel efficiency by reducing the weight of the vehicle is
the major factor driving the demand for adhesives and sealants from automotive
industry.