Global Hybrid Adhesives and Sealants Market: Overview
Hybrid sealants combine the best properties of silicone and polyurethane sealant to offer excellent technical properties, good adhesion, mechanical endurance, and resistance to temperature fluctuations. Hybrid sealants offer permanent flexibility and convenience and tidiness for users, along with eco-friendliness and safety attributes of silicone.
The report’s authors appropriately segregate the worldwide hybrid adhesives and sealants market on the basis of resin, application, and region. Building and construction application segment held the leading market share in the recent past due to numerous applications of hybrid adhesives and sealants for construction undertakings.
Compiled using standard analytical tools, the report offers a quantitative and qualitative analysis of the global hybrid adhesives and sealants market. The report studies vital market indicators along with key market segments to present a satisfactory growth trajectory of the market.
Global Hybrid Adhesives and Sealants Market: Trends and Opportunities
Increasing production of automotive components, growth of the construction sector, and rapid industrialization globally are some key factors driving the global hybrid adhesives and sealants market.
Hybrid adhesives and sealants such as epoxy-cyanoacrylate resin provide exceptional bonding to various substrates such as metal, composite, plastic, rubber, and others. Epoxy-cyanoacrylate resin displays virtue of fast bonding, thereby helping to reduce assembly time and to attain robust adhesiveness even at low temperatures. Substantial R&D undertaken by adhesive and sealants manufacturers to develop novel products that overcome the limitations of conventional products is also serving to boost the market’s growth.
In the recent past, demand for air travel has been rising due to affordable air fares and expansion of airline networks. The expansion of air fleet is displaying demand for hybrid adhesives and sealants for manufacture of new aircrafts. Growth of the hospitality sector leading to construction of hotels, construction of modern healthcare centers, and growth of the education sector leading to construction of colleges, universities is indirectly benefitting the hybrid adhesives and sealants market.
Global Hybrid Adhesives and Sealants Market: Geographical Analysis
The report takes stock of the global hybrid adhesives and sealants market across North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Of them, Asia Pacific is likely to rise at the leading CAGR over the forecast timeframe. This is mainly because of rising automobile production and expansion of the building and construction sector in developing economies such as China, South Korea, India, Taiwan, and Vietnam that significantly depend on hybrid adhesives and sealants for myriad applications. Japan is anticipated to emerge as a leading domestic market owing to the early adoption of MS polymer based hybrid products.
North America is likely to display substantial demand for hybrid adhesives and sealants due to continual infrastructural development and construction of new buildings and recovery of the automotive sector. Powered by countries such as Germany, Spain, and the U.K., Europe is a key market for hybrid adhesives and sealants.
Latin America is likely to emerge as a lucrative market for hybrid adhesives and sealants driven by the growth of the automotive sector in Brazil and Mexico. The Middle East and Africa hybrid adhesives and sealants market is display strong growth due to increasing investments for commercial construction undertakings in the GCC sub-region.
Global Hybrid Adhesives and Sealants Market: Companies Mentioned
Key companies operating in the global adhesive and sealants market include Bostik, Sika AG, Wacker Chemie AG, 3M Company, TREMCO ILLBRUCK, Soudal Inc., Henkel AG & Co. KGaA, Kisling AG, and H.B. Fuller Company.
The global hybrid adhesives and sealants market is segmented as follows:
Global Hybrid Adhesives and Sealants Market, by resin
- MS polymer hybrid
Global Hybrid Adhesives and Sealants Market, by application
- Building & Construction
- Automotive & aerospace
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.