The global ms polymer hybrid adhesives and sealants market size is anticipated to reach USD 12.87 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 8.1% over the forecast period. The growth can be attributed to rapid infrastructure development and increased automotive production across the globe. Low Volatile Organic Compounds (VOC) emissions, compatibility with paints & coatings, and bonding ability with a variety of substrates of these products will drive their demand in various applications. Rise in the construction output, especially in the developing nations, is also a key growth-driving factor for the market.
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High demand for electric and lightweight vehicles is anticipated to propel the market growth further. Expanding manufacturing sector in APAC owing to government initiatives and increased FDIs in emerging economies is expected to augment the market growth in the region. For instance, India is a lucrative market due to growth in the infrastructural and manufacturing sectors. Under the Union Budget of 2018-2019, the Indian government allocated USD 92.2 billion for the infrastructure sector. According to OICA, India produced 5.2 million units of cars and commercial vehicles in 2018, which is 8% higher than in 2017. These statistics indicate the growth of the construction and automotive industries in the country, which is anticipated to propel the demand for modified-silane (MS) polymer hybrid adhesives and sealants.
Further key findings from the study suggest:
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The building & construction application segment is anticipated to register the highest CAGR of 8.8%, in terms of volume, over the forecast period owing to increasing construction activities in developing countries
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Adhesives held more than 40% of the global volume share in 2018 due to their increasing demand in transportation sector
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Central & South America is estimated to expand at a CAGR of 8.6%, in terms of volume, over the forecast period due to growth in the construction output of the key countries in the region
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Growing competition is compelling the manufacturers to expand their global footprints through strategies, such as acquisitions and new product development
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In October 2017, H.B. Fuller acquired Royal Adhesives and Sealants for USD 1.62 billion for expanding its business in North America, Europe, and China
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In February 2018, Novagard Solutions introduced NovaBond, a paintable hybrid sealant, which can bond to various construction materials, such as metals, vinyl, concrete, windows, and door substrates, in all types of weather
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Sealants are expected to witness promising growth over the forecast period owing to their wide range of applications in building & construction industry. These are made using both polyurethane and silicone and were developed to address the staining issues associated with highly plasticized sealants. However, with on-going advancements, these have started replacing both silicone and polyurethane sealants. The MS polymer hybrid adhesives and sealants market is highly competitive and is expected to witness moderately high threat of new entrants over the forecast period.
Access complete MS Polymer Hybrid Adhesives & Sealants Market Report By Grand View Research, Inc.
Grand View Research has segmented the global MS polymer hybrid adhesives and sealants market on the basis of product, application, and region:
MS Polymer Hybrid Adhesives & Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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Adhesives
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Sealants
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Transparent
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Colored
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MS Polymer Hybrid Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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Building & Construction
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Transportation
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Others
MS Polymer Hybrid Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Europe
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Germany
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U.K.
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Asia Pacific
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China
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India
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Central & South America
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Brazil
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Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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