IMARC Group, a leading market research company, has recently releases report titled “Hybrid Adhesives & Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global hybrid adhesives & sealants market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the hybrid adhesives & sealants market?
The global hybrid adhesives & sealants market size reached US$ 10.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.75% during 2024-2032.
What are Hybrid Adhesives & Sealants?
Hybrid adhesives and sealants are advanced formulations that combine the properties of various adhesive and sealant technologies. They are versatile bonding solutions designed to provide superior performance in various applications. The characteristics of hybrid adhesives and sealants include excellent adhesion to a wide range of substrates, including metals, plastics, and composites. They also offer exceptional resistance to temperature variations, chemicals, and weathering, making them ideal for both indoor and outdoor use. Moreover, these adhesives and sealants exhibit minimal shrinkage, ensuring long-lasting, stable bonds and seals.
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What are the growth prospects and trends in the hybrid adhesives & sealants industry?
The expansion and evolution of the renewable energy sector, particularly solar and wind energy, have driven the demand for low voltage DC circuit breakers, these sources have similarly fueled the need for robust and efficient hybrid adhesives and sealants. Technological advancements have played a significant role in propelling the growth of both low voltage DC circuit breakers and hybrid adhesives and sealants. The global trend towards decarbonization and energy efficiency has led consumers and businesses to seek sustainable solutions that promote energy conservation. Hybrid adhesives and sealants, in addition to their role in electrical safety, also contribute to energy efficiency by providing effective insulation and preventing energy losses, aligning perfectly with the broader energy efficiency goals. The market expansion of hybrid adhesives and sealants is further bolstered by various influencing factors. Government regulations aimed at enhancing electrical safety standards have encouraged the adoption of these innovative solutions. Investment in research and development within the energy sector has driven progress in adhesive and sealant technologies, enabling manufacturers to meet the evolving needs of the market effectively. Furthermore, the rise of electric vehicle charging infrastructure has created a favourable market environment for hybrid adhesives and sealants. Hybrid adhesives and sealants provide a critical solution, supporting the expansion of the electric vehicle market while maintaining an unwavering focus on energy efficiency.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Resin Type:
- MS Polymer Hybrid
- Epoxy-Polyurethane
- Epoxy-Cyanoacrylate
- Others
Market Breakup by End-Use Industry:
- Building and Construction
- Transportation
- Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- American Sealants Inc. (Meridian Adhesives Group LLC)
- Bostik (Arkema S.A)
- DL Chemical Co. Ltd. (DL Holdings Co. Ltd.)
- Henkel AG & Co. KGaA
- Hermann Otto GmbH
- Mapei S.p.A.
- McCoy Soudal Sealants Adhesives & Foams Pvt. Ltd.
- Permabond LLC
- Sika Corporation (Sika AG)
- The Sherwin-Williams Company
- Tremco illbruck (RPM International Inc.)
- Wacker Chemie AG, etc.
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