Scienza e Tecnologia
Adhesives and Sealants Market to Grow with 5% CAGR Through 2030, says P&S Intelligence
A significant trend in the adhesives and sealants market is the growing penetration of electric vehicles around the globe. As per the International Energy Agency, new registrations of electric cars reached 3 million in 2020. Furthermore, the global electric car stock hit the 10-million mark in 2020. With the rising need to reduce the vehicle weight further, traditional fasteners, such as nuts and bolts, are being replaced with adhesives & sealants.
The major players are progressively engaging in partnerships and launching new products to consolidate their position. For example, in September 2021 , Henkel AG & Co. KGaA and Pregis LLC publicized a partnership to develop advanced protective packaging, to achieve environmental goals. Other key players are The Dow Chemical Company, PPG Industries Inc., Sika AG, 3M Company, Arkema Group (Bostik SA), H.B. Fuller Company, and Avery Dennison Corporation.
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Prajneesh Kumar
P&S Intelligence
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