âAdhesives and sealants are increasingly preferred over mechanical fastening, welding and other conventional joining methods in a variety of industrial applications because these products provide a seamless bond between surfaces and help to reduce labor and manufacturing costs, âsaid Ganesh Dabholkar, Chemicals, Materials and Nutrition Research Analyst at Frost & Sullivan. âThe development of breakthrough chemicals and application methods will be key to achieving customer satisfaction from manufacturers of industrial adhesives and sealants. “
Dabholkar added: “The increasing demand for premium products in end use industries that demonstrate superior bonding and sealing performance, biodegradability, end product longevity, ease and higher application speeds. and reduced equipment maintenance is expected to contribute to higher product prices and propel the market growth.Moreover, as the major adhesives and sealants end-use industries are dominant in the market. Americas and Asia Pacific (APAC), the two regions will simultaneously dominate in terms of volume consumption and revenue contribution over the forecast period, with annual volumes and revenue expected to exceed 2 million tons and $ 7.45 billion for each of the two regions.
The growing demand for adhesives and sealants from various end-use industries presents lucrative growth prospects. Market participants should consider:
- The growing popularity of sustainable packaging is expected to fuel demand for biodegradable adhesives: Packaging adhesive manufacturers must focus on developing chemicals that meet high bonding standards and are compostable to develop sustainable packaging.
- High performance elastic adhesives for electrical and electronic applications are creating a new demand for adhesives: Electronic adhesive manufacturers must focus on developing adhesive product portfolios that demonstrate multiple and high levels of elasticity and flexibility.
- Strategic acquisition of key companies: Adhesives and sealants manufacturers must focus on harnessing their inorganic growth capabilities to effectively expand and compete in new markets.
Global growth opportunities for industrial adhesives and sealants is the latest addition to Frost & Sullivan’s Chemicals, materials and nutrition research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities for success in the unpredictable future.
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Global growth opportunities for industrial adhesives and sealants
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SOURCE Frost & Sullivan