Hybrid Adhesive & Sealant - Rising Demand from Building & Construction as well as Automotive Industries will boost the growth of the Global Market

(EstateNewsWire.com, October 12, 2017 ) Market Segmentation:

The Global Hybrid Adhesive & Sealant Market is categorized on the basis of resin type, application, and region. On the basis of resin type, Hybrid Adhesive & Sealant Market is segmented into MS polymer, epoxy-polysulfide, epoxy-polyurethane, epoxy-cyanoacrylate, and others. On the basis of application, the market is segmented into building & construction, automotive & aerospace, marine, general industry, and others. MS polymer resin segment in the Global Hybrid Adhesive & Sealant Market is predicted to dominate the market during the assessment period. The growth is mainly attributed due to the improved properties and high performance of MS polymer Hybrid Adhesive & Sealants which do not demand the use of any primers or adhesion before application.

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Among resins, the epoxy-cyanoacrylate segment is predicted to grow with the highest CAGR over the forecast period. The Hybrid Adhesive & Sealant based on epoxy-cyanoacrylate resin provide various advantages as they exhibit excellent properties of both, the epoxy & cyanoacrylate resins. Moreover, they offer superior adhesion for a wide range of substrates such as wood, glass, and plastic owing to their flexibility and other structural properties. Among the application segment, building & construction segment is predicted to dominate the market over the forecast period. The building & construction segment has accounted for the largest market share of Hybrid Adhesive & Sealants. These are gaining prominence in construction sector for application in maintenance & renovation work in commercial & residential buildings, as well as for onsite application.

Asia Pacific is predicted to dominate the market during the forecast period due to increasing consumption of Hybrid Adhesive & Sealant in various applications such as building & construction, automotive & aerospace, general industry, and others. Strong economic growth in Southeast Asia combined with increasing automotive sales is predicted to boost demand during the review period. Government initiatives such as “Housing for All” and lower interest rate on housing loan is predicted to create further uplift regional market growth at a rapid pace. Moreover, rising investments by foreign companies, improving production facilities and robust industrial base for aerospace, automotive, wind energy, marine, and bus & truck application among others are some of the prominent factors driving the demand for Hybrid Adhesive & Sealant Market over the forecast period.

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The Middle East & Africa is predicted to witness a significant growth on account of increasing investment specifically, in Turkey, Saudi Arabia, United Arab Emirates (UAE), and Qatar. Turkey’s construction industry is estimated to expand at a healthy rate mainly driven by public and private sector investments in energy, infrastructure, residential, and industrial construction projects. Moreover, Qatar is all set to host the FIFA World Cup in 2022, thus organizing such large scale international event along with development in transport and tourism sector is likely to encourage the demand for hybrid adhesive & sealants from numerous end use industries such as construction, packaging & furniture. In Latin America, market growth is primarily driven by growing automotive sector specifically in Brazil and Argentina. Brazil has emerged as the largest contributor in regional market growth and is expected to dominate in near future owing to increasing consumer’s spending on furniture and light motor vehicles. Growth in furniture and automotive sector is predicted to propel the Hybrid Adhesive & Sealant Market in this region.

North America and Europe is expected to witness substantial growth over the forecast period. The recovering repair construction industry in countries such as U.S., Canada, Germany, France, and, UK as well as accelerating demand for fuel-efficient and lightweight vehicles is expected to provide numerous opportunities for the growth of regional hybrid adhesive and sealant market. Moreover, the growing packaged food industry is predicted to generate demand and drive the hybrid adhesive & sealant market during the forecast period.

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