Global Specialty Adhesives and Sealants Market: Overview
The demand for specialty adhesives and sealants has been progressively growing due to the rapid rise in industrialization. The growing industries of packaging, construction, and automotive have given the global market a significant fillip over the years. Increasing demand for various kinds of facades, flooring, lamination, and coating have raised the demand for specialty adhesives and sealants in the construction industry to a major extent. Increasing investment and research and development of bio-based products are expected to play a major role in shaping the trajectory of the global market in the coming few years.
The research report by Transparency Market Research presents a detailed understanding of the global specialty adhesives and sealants market. It highlights the strengths, weaknesses, opportunities, and threats impacting various segments of the global market. The document also contains an accurate description of the competitive landscape and the nature of competitive rivalry present amongst the leading players. The research report has been compiled using primary and secondary research methodologies to help the readers get a clear perspective of the overall market dynamics.
Global Specialty Adhesives and Sealants Market: Trends and Opportunities
The global specialty adhesives and sealants market is being driven by the exceptional product differentiation being introduced by manufacturing companies. Increased emphasis on environmental improvement, technology, and flexible formulations have allowed manufacturers to experiment with various raw materials and deliver an excellent range of products. The widening scope of applications is also fuelling the uptake of specialty adhesives and sealants in the recent years. The booming infrastructural development in emerging economies has also given the global market a significant boost.
The stringent regulatory framework pertaining to the conventional adhesives, end users are steadily adopting green adhesives, new VOC-compliant adhesives, and sealants. The user-friendliness of new adhesives and sealants as compared to pressure-sensitive tapes and the ease of assembling and disassembling, which fastens the process of repair and serviceability of components is expected to lend an impetus to the overall market in the coming years. The market is also being influenced by the changing manufacturing processes, especially in the automotive and aircraft industries. As plastics are being replaced by heavy materials, they have upped the consumption of adhesives. In the coming years, the majority of the industries are expected to avoid the usage of conventional materials and replace the same with plastics, which go a long way in reducing vibration damping and weight along with enhancing surface appearance. All of these factors are expected to propel the growth of the global market.
Global Specialty Adhesives and Sealants Market: Regional Outlook
In terms of geography, the global specialty adhesives and sealants market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The report suggests that Asia Pacific is likely to show robust growth in the overall market. This regional market is expected to account for a major share in the global market. The emerging economies of Asia Pacific are expected to make a significant contribution to the soaring revenue of the specialty adhesive and sealants market as the automotive, packaging, and construction industries pick up pace. Analysts anticipate that North America will also show a positive outlook toward demand for specialty adhesives and sealants as the expenditure on furniture and footwear grows steadily.
Key Players Mentioned in this Report are:
Some of the leading players operating in the global specialty adhesives and sealant industry are Franklin International Inc., Ashland, Inc., BASF, Dow Chemicals, Bayer, Henkel, H. B. Fuller, Beardow Adams (Adhesives) Ltd., Acucote Inc., and Creative Materials Inc., among others.
Major geographies analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World (RoW)
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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.