The growth of the market is driven by the increased environmental regulations in North American Europe and rise in economic growth in emerging countries such as China and India
Hybrid Adhesives and Sealants Market Size – USD 6.44 Billion in 2020, Growth - CAGR of 7.22%, Trends – Growing demand for hybrid resins in adhesives and sealants manufacturing industry
The Hybrid Adhesives and Sealants Market is estimated to grow from USD 6.44 Billion in 2020 to USD 11.22 Billion by 2026, at a CAGR of 7.22%, during the forecast period. The market is driven by increased environmental regulations in North American and European developed counties and economic growth in emerging countries such as China and India.
Asia Pacific is likely to rise over the forecast timeline at the leading CAGR. This is mainly due to the increasing production of automobiles and the expansion of the construction and building sector in developing economies such as South Korea, China, India and Vietnam, which for myriad applications depend significantly on hybrid adhesives and sealants.
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Key Companies in the market include: Wacker Chemie AG (Germany), Sika AG (Switzerland), Bostik (France), Henkel AG Co. KGaA (Germany), Tremco illbruck GmbH Co. KG. (Germany), 3M Company (US),Illinois Tool Works Incorporation (US), Soudal (Belgium), Kisling AG (Switzerland) and H.B. Fuller (US).
Further Key Finding from the Report Suggestion:
The market is estimated to grow from USD 6.44 Billion in 2020 to USD 11.22 Billion by 2026, at a CAGR of 7.22%, during the forecast period. The market is driven by increased environmental regulations in North American and European developed counties and economic growth in developing countries such as China and India.
The market for epoxy - cyanoacrylate resin is expected to reach USD 3.39 Billion in 2026, at a CAGR of 6.84%. Epoxy - cyanoacrylate resin provides exceptional bonding strength to various substrates including plastic, metal, composite, rubber, and other substrate. Epoxy - cyanoacrylate resin provides fast fixation, which reduces assembly time, and a robust cure is quickly achieved even at low temperatures.
The automotive and transportation segment is expected to grow the highest at a CAGR of 8.30% during the forecast period. Sealant is a substance used to block the passage of fluids in materials, a type of mechanical seal, through the surface or joints or openings. Sealant is sometimes synonymous with caulking in construction and also serves the purposes of blocking the transmission of dust, sound and heat.
The building construction segment is estimated to reach at USD 4.28 Billion, in 2026, at a CAGR of 7.87%. Hybrid adhesives hybrid sealants are used in a wide range of building and construction industry sub - applications such as flooring, tiling, waterproofing, carpet laying, wall covering, insulation, roofing, civil work, façade, parquet, and others.
Asia-Pacific is expected to grow the largest and is expected to reach USD 2.93 Billion in 2026, at a CAGR of 8.15%. This can be attributed to rising demand from economies in the Asia Pacific region for hybrid adhesives hybrid sealants, including countries like India, China, South Korea, Vietnam, Taiwan, and Singapore.
Europe is expected to reach USD 2.79 Billion in 2026, at a CAGR of 6.76%. Europe is a vital market for hybrid adhesives and sealants, powered by countries like Germany, Spain, and the United Kingdom.
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Market Segmentation:
Resin (Thousand Units: 2018-2028 and Revenue, USD Million; 2018-2028)
- MS Polymer Hybrid
- Epoxy-Polyurethane
- Epoxy-Cyanoacrylate
Applications (Thousand Units: 2018-2028 and Revenue, USD Million; 2018-2028)
- Building Construction
- Automotive Transportation
- Industrial Assembly
Product Type (Thousand Units: 2018-2028 and Revenue, USD Million; 2018-2028)
- Threadlockers
- Instant Adhesives
- Structural Adhesives
- Retaining Compounds
- Electrically Conductive Adhesives
- Film Adhesives
- Thread Sealants
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Key questions covered in the global Hybrid Adhesives and Sealants market report:
- What is the expected market size of the global Hybrid Adhesives and Sealants market during the forecast period?
- What factors are expected to hamper global Hybrid Adhesives and Sealants market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Hybrid Adhesives and Sealants market?
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