Global Adhesives and Sealants Market: Key Highlights
Global Adhesives and Sealants Market: Key Market Dynamics
Global Adhesives and Sealants Market: Regional Overview
The Asia-Pacific adhesives and sealants market is growing owing to the growing construction projects in the region. Increasing demand for residential projects owing to presence of highly populated countries such as China, India, among others, is driving the market demand in the Asia Pacific region. Ongoing urbanization, favorable government support to boost infrastructure is another factor pushing the regional market growth. In addition to this, rise in automotive industry in the emerging market of Asia Pacific is further pushing the market growth higher in the region.
In Europe, the market is experiencing boom owing to increasing demand for automotive and transportation, and construction sector. The European market is growing at remarkable pace owing to higher demand from Germany, followed by UK and France. As per the data shared by the FEICA report, the demand for adhesives and sealants is over 15% in Germany and over 8% in UK and France, which is likely to boost the market growth in the Europe.
Global Adhesives and Sealants Market: Key Players Overview
H.B. Fuller Company is the US based company operates globally through manufacturing adhesives. The company provides the adhesives used in the electronics, automotive and transportation, medical and other industries. The company is actively involved in boosting its specialty and high value application of the adhesive, sealants and specialty chemicals. In 2017, H.B. Fuller acquired Royal Adhesives & Sealants for USD 1.575 Billion in order to expand the existing product range engaged in engineering, durable assembly and construction.
Switzerland based Sika AG offers range of products used in the construction and automotive sector. The company offers architectural sealants, roadway joint sealants, control joint sealants, multipurpose construction adhesives, anchoring adhesives, flooring adhesives, etc. The company focuses on expanding its geographic presence through collaboration and merger activities. In 2019, the company Sika AG acquired Crevo-Hengxin, a China based company in an undisclosed amount to expand its foothold in China and rest of Asia-Pacific region, along with gaining silicone technology and production capabilities.
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