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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Hybrid Adhesives & Sealants Market: By Resin, By Application, and By Geography
Hybrid Adhesives & Sealants Market: By Resin, By Application, and By Geography
Hybrid Adhesives & Sealants Market size was valued at US$ 6.49 billion in 2023 and is expected to reach US$ 11.33 billion by 2030, at a CAGR of 9.53% from 2024 - 2030. Chemically hardening adhesives, also known as polymer adhesives, are hybrid adhesives and sealants. These materials include high-strength, single-component sealants as well as elastomeric sealants that combine the qualities of two or more adhesive components. Hybrid sealants combine the most basic characteristics of silicone and polyurethane sealants to provide high technical capabilities, adhesion, mechanical endurance, and temperature resistance. Hybrid sealants provide consumers with long-term flexibility, ease and tidiness, as well as the safety benefits of silicone. Hybrid adhesives and sealants have no volatile organic compounds (VOCs), are waterproof, do not deteriorate when exposed to UV light, and are devoid of isocyanate, solvent, silicone, and PVC. Hybrid adhesives and sealants' environmentally friendly nature helps to drive up demand in the construction and automotive industries. this report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, The global report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
9.53%Largest Market
Asia-PacificFastest Growing Market
Europe
The building and construction industry is quickly growing all throughout the world, especially in emerging countries. Hybrid sealants are required for cable sealing, joint filling, and concrete sealing. Demand is increasing due to its ability to adhere to a range of surfaces, survive extreme weather conditions, be compatible with paints and varnishes, and come in a number of colours. Due to their increased popularity, hybrid resins are increasingly being employed in sealants and adhesives. The global market for hybrid adhesives and sealants is predicted to profit from increased demand for lightweight cars and improved infrastructure.
Asia Pacific accounted for larger revenue share in global hybrid adhesives & sealants market with considerable CAGR. Emerging Asian countries are showing fast growth. The growth in this region can be attributed to expansion of the construction & building sectors in emerging economies, rising automobile production and infrastructural developments. Also, there is a rising demand from developing countries such as India and China which will further enhance the market growth. For instance, for the financial year 2018-2019 the government of India has increased its infrastructure budget by around USD 14.3 billion.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6.49 billion |
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Market Size in 2030 |
US$ 11.33 billion |
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Market CAGR |
9.53% |
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By Resin |
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By Application |
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The hybrid adhesives sealants market size was valued at US$ 6.49 billion in 2023
The hybrid adhesives sealants market key players are: Henkel AG & Co. KGaA (Germany) Soudal Inc. (Belgium) B.Fuller (U.S.) Bostik S.A. (France) 3M (U.S.) Sika AG (Switzerland) Wacker Chemie AG (Germany) TREMCO ILLBRUCK (Germany) Kisling AG (Switzerland) Illinois Tool Works Inc.(U.S.)
The hybrid adhesives sealants market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.