Technical advancements and rise in R&D activities which led to the increase in demand for a wide range electrical & electronic devices and increase in government spending on the building & construction sector act as the key drivers for the growth of the adhesives and sealants market. Based on region, Asia-Pacific would maintain its dominancy in terms of market share and CAGR during the forecast period. By product type, the adhesive segment is projected to rule the roost by the end of 2030.
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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The building and construction segment was the largest in 2020, grabbing nearly one-third of the global market and is expected to lead the trail through 2030. However, the medical segment would exhibit the fastest CAGR of 6.0% during the forecast period.
The Adhesives and sealants market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, tshe report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Region wise, Asia-Pacific garnered more than two-fifths of the global market in 2020 and would maintain its leadership status during the forecast period. The same segment would witness the fastest CAGR of 5.6% during the forecast period. The other regions covered in the report include North America, Europe, and LAMEA.
Adhesives and Sealants Companies Covered Market:- Arkema S.A., BASF SE, Evonik Industries AG, H.B. Fuller, Henkel AG & Co. KGAA, Lord Corporation, Scott Bader Co., Sika AG, The 3M Company and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Adhesives and sealants market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Adhesives and sealants market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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