The global acrylate market is segmented based on product types into butyl acrylate, ethyl acrylate, methyl acrylate and 2- ethyl hexyl acrylate. Butyl acrylate is widely used in the production of acrylic polymers, paints, inks, polyethylene, textiles, adhesive and papers. Adhesives, coatings and textile are the major contributor for the growing demand of butyl acrylate across the globe.
Adhesives & Sealants market was valued at USD 51,745.3 million in 2017 to USD 79,450.8 million by 2026, expected to grow at a CAGR of 4.9% between 2018 and 2026. Adhesives & Sealants find its applications in varied end-use industries such as paperboard & packaging, building & construction, woodworking, transportation, footwear & leather, healthcare, electronics, and others.
The global adhesives and sealants market is anticipated to reach $90 by 2030. A sealant is a semisolid substance used to prevent fluid leakage, whereas an adhesive is a chemical compound that adheres two surfaces together to form a single unit. Due to their strong shear and tensile strengths, adhesives are ideally suited for holding and bonding applications. In contrast, sealants are used to fill gaps and resist relative substrate movement. Adhesives and sealants are formulated with similar chemicals and technology and are utilized in a variety of industries, including paper packaging, woodworking, footwear manufacturing, building & construction, electrical & electronics, and automotive, among others.
Due to its rapid working time, adaptability, and quick adhesion, adhesive tape has become the latest market trend. These tapes are gaining popularity among engineers in industries ranging from automotive to aviation. Adhesives serve as an alternative to mechanical fasteners for all types of assemblies and can be manufactured with a variety of viscosities and drawn into films and tapes according to the application's needs. In addition, these are becoming increasingly popular because of the low labor and production costs.
In electrical and electronic gadgets such as tablets, smartphones, laptops, and others, adhesives, and sealants are frequently utilized to attach various components due to an increase in technological breakthroughs and research and development efforts. This is one of the primary growth drivers for the adhesives and sealants market. In addition, factors such as a growing population, a rise in urbanization, and an increase in government spending have led to a major expansion in the building and construction industry, where adhesives and sealants are frequently utilized to fill cracks, gaps, and seal joints. This has resulted in an increase in demand for adhesives and sealants in the building and construction industry, hence driving market expansion.
Acute Market Reports provides companies in the adhesives and sealants market with in-depth market research and expert consulting services. Our clients are able to make well-informed business decisions at the optimal time because of the forward-looking perspective offered by Acute Market Reports. To ensure that our clients all around the world receive the highest quality strategic research solutions, we work with a comprehensive range of industry stakeholders.
