Scienza e Tecnologia
Adhesives & Sealants Market Size to Reach Revenues of USD 70,575.75 Million by 2026 - Arizton
https://www.arizton.com/market-reports/adhesives-and-sealants-market-size-analysis
Adhesives and sealants are used to assemble and add value to finished products in numerous industries, such as aerospace and defense, paper and packaging, construction, manufacturing, and transportation. Different types of adhesives and sealants such as polyurethane (PU), polyamides (PA), epoxies (EP), ethylene-vinyl acetate-copolymers (EVA), and silicones are used for daily or industrial applications. Silicone-derived adhesives and sealants have a major market share due to several favorable properties, such as good adhesion and UV resistance, durability, elasticity, and versatility. However, attributes such as poor biodegradability and scarce availability have accelerated the demand for bio-based substitutes. The production of adhesives and sealants has involved the use of fossil fuels as a key raw material for a long time now. The growing demand for adhesives, sealants, and fossil fuel derivatives will impact the environment in terms of sustainability and a green future.
In 2020, the global adhesives and sealants market was valued at
USD 61.44 billion . The market is projected to grow at a CAGR of 5.69% during the forecast period. In the same year, the paper and packaging end-use segment had the highest consumption of adhesives and sealants and accounted for a revenue share of around
USD 22.24 billion . APAC has emerged as the leading consumer of adhesives and sealants owing to the rising population, developing economies, and increasing pace of urbanization. Countries such as
China and India are prominent markets in this region. The rising frequency of construction activities and growing demand from industries such as healthcare and electronics will drive the growth of the regional market. The National Bureau of Statistics of
China reported that China had emerged as the largest construction market in the world in 2020. Also, in 2020, the construction industry in
China was valued at USD 1.05 trillion and is expected to maintain a steady CAGR of 5%. By 2021,
China's construction industry will be valued at
USD 1.18 trillion , ensuring tremendous growth for the adhesives and sealants market in APAC.
https://www.arizton.com/market-reports/adhesives-and-sealants-market-size-analysis
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