Hybrid Adhesives and Hybrid Sealants Market to Reach USD 11.22 Billion at a CAGR of 7.22% by 2028 | Reports and Data
Growing demand for hybrid resins in adhesives and sealants manufacturing industry
The Hybrid Adhesives and Hybrid Sealants Market is estimated to grow from USD 6.44 Billion in 2020 to USD 11.22 Billion by 2028, 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.
Market Analysis and Size: The Global Hybrid Adhesives and Hybrid Sealants Market is projected to grow at a CAGR of 7.2% from USD 6.44 Billion in 2020 to USD 11.22 Billion in 2028. The market is driven by increased environmental regulations in North American and European developing counties and economic growth in emerging countries such as China and India. Additionally, the expansion of end-use industries such as construction, automotive & transportation, and industrial assembly in developing nations has contributed to hybrid adhesives and hybrid sealants market growth.
Due to their increased adhesion and sealing capacity, exceptional mechanical and electrical insulating properties, and chemical & heat resistance, hybrid adhesives and hybrid sealants are preferred over conventional adhesives & sealants. Manufacturers invest heavily in R&D, combining different technologies for adhesive bonding. The hybrid adhesives and hybrid sealants developed with this combination will have the characteristics of the resins used in their production.
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Top Key Players: 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).
Key Players Covered:
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.
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)
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Hybrid Adhesives and Hybrid Sealant Market Report Scope And Segmentation: By Resin (Revenue: USD Billion; 2018-2028)
- MS Polymer Hybrid
By Application (Revenue: USD Billion; 2018-2028)
- Building & Construction
- Automotive & Transportation
- Industrial Assembly
By Product Type (Revenue: USD Billion; 2018-2028)
- Instant Adhesives
- Structural Adhesives
- Retaining Compounds
- Electrically Conductive Adhesives
- Film Adhesives
- Thread Sealants
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