Rapid Growth in the Construction Industry is Escalating Growth of the Adhesives and Sealants Market

 


Adhesives and sealants provide the best kind of seal protection and performance for both the sealing process and the objects being sealed. It consists of primary material, usually epoxy, and secondary material, such as thermoset polyimide, which have properties that help it adhere to a wide range of surfaces without causing any damage. This kind of product is commonly found in use in a number of different industries, including shipping and transportation, electronics, medicine, and foodservice, automotive, and aerospace.

Growing demand for adhesives and sealants from various different industrial sectors is fueling the growth of the adhesives and sealants market. Adhesives have excellent tensile and sheer strength which makes them ideal for holding and bonding application whereas sealants provide compressibility, elongation, modulus of elasticity, and fatigue & tear resistance properties which makes them ideal for filling up gaps. Such an advantage associated with the adhesives and sealants is projected to foster the growth of the adhesives and sealants market. Moreover, the growing demand for bio-based adhesives & sealants due to increasing environmental concer is further anticipated to augment the growth of the adhesives and sealants market over the forecast timeframe.

The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the expansion of the construction sector in the region which is driving demand for the adhesives and sealants market. For instance, in 2019, the infrastructure sector witnessed seven mergers and acquisition (M&A) deals worth US$ 1,461 million. Moreover, in November 2020, Warburg Pincus-backed logistics real estate firm, ESR India signed an agreement with the Maharashtra government to invest Rs. 4,310 crore (US$ 578.88 million) to set up 11 industrial and logistics parks around Mumbai and Pune.

Key Developments:

1.      In October 2020, H.B. Fuller has launched a new range of Professional Grade MRO — maintenance, repair, and operations — industrial adhesives, sealants, and lubricants.

2.      In January 2020, GE sealants & adhesives has launched a new nine-product line of Siliconized Acrylic Latex caulks and sealants to protect painting projects in the three most common categories of inside and outside home renovation – kitchen and bath, windows and doors, and painting and sealing.

3.      In October 2020, Pettit has launched AnchorTech™ sealants and adhesives for boaters, manufacturers, and boatyards 

4.      In August 2019, Bostik, an adhesive specialist for industrial, construction, and consumer markets announced that it has launched an innovative, modified silicone sealant for backbedding applications during its exhibit with the parent company, Arkema, Inc. at GlassBuild America, in Atlanta, GA


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