The global hybrid adhesives & sealants market size was estimated at USD 11.86 billion in 2017 and is projected to witness a CAGR of 8.3% from 2017 to 2025. Growing preference for hybrid resins in end-use industries, such as building and construction and automotive is expected to drive the global market.
Hybrid sealants and adhesives are a combination of two resins that inherit the pros of both resins, but avoid most of their cons. When compared to single resin-based adhesives and sealants they offer a better and efficient performance, which is driving their increasing application.
Gather more insights about the market drivers, restraints and growth of the Hybrid Adhesives & Sealants Market
The growth of the global market is attributed to increasing infrastructural developments and automotive production across the globe. The global construction industry is expected to progress at a growth rate of 6% over the forecast period. Asia Pacific is expected to remain the largest market while Middle East and Africa are expected to witness the fastest growth over the coming years. Developing Asian countries are showing rapid progress. For instance, the government of India has increased its infrastructure budget by approximately USD 14.3 billion (₹ 1 lakh crore) for the financial year 2018-2019.
The global automotive production has also witnessed a growth of 2.04% from 2014 to 2017. The growing population, technological developments, and increasing disposable income are all contributing to the growth of the automotive industry. The global hybrid adhesives & sealants market is mainly driven by the increasing demand for lightweight vehicles, as the products contribute significantly towards the weight reduction of vehicles. The global lightweight vehicle production is expected to expand at a CAGR of 2% over the forecast period.
The prices of individual resins have been witnessing a gradual increase over the past years. For instance, Hexion Inc. increased prices for its liquid epoxy resins more than six times over the past four years. Owing to the increasing raw material prices, the cost of the final product becomes higher than the single resin-based adhesives and sealants, which is likely to hamper the market growth.
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Key Companies profiled:
• 3M
• Bostik
• Wacker Chemie AG
• Henkel Corporation
• Sika
Key Hybrid Adhesives & Sealants Company Insights
The market is dominated by major players such as 3M, Bostik, Wacker Chemie AG, Henkel Corporation, and Sika. Acquisitions and new products introduction are the key strategies adopted by the major players. For instance, in 2017-2018, Bostik acquired Den Braven in 2016 in order to enhance its hybrid adhesives & sealants business.
In September 2014, Henkel Corporation launched its first hybrid adhesive product. Later in May 2017, the company added two new products to its product portfolio on account of increasing competition in the adhesives industry.
The new research framework of Global Hybrid Adhesives and Hybrid Sealants Market report details an in-depth study on the present state of the Hybrid Adhesives and Hybrid Sealants market across the globe, including reliable facts and figures.
The study provides historical data and future forecast (i.e.
The report presents a forecast based on factors expected to witness market growth in upcoming years.Hybrid adhesives & hybrid sealants market will reach an estimated valuation of USD 11.48 Billion by 2027, while registering this growth at a rate of 8.70% for the forecast period of 2020 to 2027.The Hybrid Adhesives and Hybrid Sealants Market report provides comprehensive, efficient and thorough analysis information about the Hybrid Adhesives and Hybrid Sealants market in an orderly manner based on actual conditions.
The Hybrid Adhesives and Hybrid Sealants market report covers industry chain analysis, the latest market trends and dynamics, and cost-profit analysis of major players, focusing on market leaders’ expansion rate, price, competition, size, share, price and value chain analysis.Global Hybrid Adhesives and Hybrid Sealants Market: Manufacturers Segment Analysis (Company and Product introduction, Hybrid Adhesives and Hybrid Sealants Sales Volume, Revenue, Price and Gross Margin):Sika AG, 3M, Wacker Chemie AG, Bostik Canada, H.B.
Fuller Australia Pty Ltd, McCoy Soudal, TREMCO ILLBRUCK, Hermann Otto GmbH, Permabond LLC., DYMAX Corp., Weiss Chemie + Technik GmbH & Co. KG, Kisling AG, WEICON GmbH & Co. KG, Parker Hannifin Corp, merz+benteli agMarket Segmentation: The report has been prepared after extensive qualitative & quantitative research on major industry segments and further divides it into sub-segments.
The study sheds light on the segment that will dominate the Hybrid Adhesives and Hybrid Sealants market during the forecast period to help clients gain a competitive advantageBy Resin (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate, Others), Application (Building & Construction, Automotive & Transportation, Industrial Assembly, Others)The following are the regions covered by this reportThe Middle East and Africa (GCC Countries and Egypt)North America (The United States, Mexico, and Canada)South America (Brazil etc.
The newly added Hybrid Adhesives and Hybrid Sealants market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the hybrid adhesives and hybrid sealants market include 3M Company, Bostik SA, Sika AG, B. Fuller Company, WackerChemie AG, Tremcoillbruck Limited, Henkel Corporation, DL Chemicals, Kisling AG, Epoxy Technology, Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Hybrid Adhesives And Hybrid Sealants Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/hybrid-adhesives-and-hybrid-sealants-market/download-sampleMarket DynamicsThe prime factors that are driving the global hybrid adhesives and hybrid sealant market include growing demand from the construction industry and rising applications in automotive vehicles.
The other factors that are contributing to the market include increased demand for sustainable adhesives and sealants, and stringent environmental regulations.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
