Adhesives and Sealants Market Sales, Share, Analysis, Industry Demand and Forecasts Report From 2021-2026
tusharJune 3, 2021 1
According to a new report published by Allied Market Research, titled, World Adhesives & Sealants Market -Opportunities and Forecasts, 2015 -2022, the adhesives & sealants market is expected to reach $66,876 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Water-based adhesives segment held about 40% share of the global adhesives market in 2015, owing to its viability as an alternative choice to conventional solvent-based adhesive products.
Factors driving the overall adhesives & sealants market are increasing automobile production and surging demand for packaging material. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives & sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Strong growth in infrastructure activity is also expected to drive the gro