Global Hybrid Adhesives and Hybrid Sealants Market, By Resin (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate, Others), Application (Building and Construction, Automotive and Transportation, Industrial Assembly, Others) – Industry Trends and Forecast to 2029.
Hybrid adhesives and Hybrid Sealants Market Analysis and Size
The global hybrid adhesives and hybrid sealants market is mainly driven by the rising adoption of green, sustainable and non-hazardous adhesives. Growing use of hybrid adhesives and hybrid sealants to replace the traditional adhering and binding methods such as clasping, mechanical screwing and welding in the end-user industries are expected to boost the growth of hybrid adhesives and hybrid sealants market. The “epoxy cyanoacrylate” is the highest growing type segment of the market owing to robust curing, excellent bonding strength and reduced assembly time, it also provides fast-fixing across several substrates such as metal, plastics, composites and others over the forecast period, Also, increasing demand of hybrid adhesives and hybrid sealantss bonding in various plastics, composites, and many lightweight materials in the construction, automotive, and aviation industries will drive the market in the forecast period.
Data Bridge Market Research analyses that the hybrid adhesives and hybrid sealants market is expected to undergo a CAGR of 8.65% during the forecast period. This indicates that the market value, which was USD 6.41 billion in 2021, would rocket up to USD 12.45 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hybrid adhesives and Hybrid Sealants Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Resin (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate, Others), Application (Building and Construction, Automotive and Transportation, Industrial Assembly, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DuPont (U.S.), SOLVAY (Belgium), Dow (U.S.), Henkel AG and Co. KgaA (Germany), 3M (U.S.), Bostik (France), Sika AG (Switzerland), H.B. Fuller (U.S.), BASF SE (Germany), DAP Global Inc. (U.S.), Owens Corning (U.S.), The Chemours Company (U.S.), Paroc Group (Finland), Kingspan Group (Ireland), DAIKIN (Japan), GAF (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Franklin International (U.S.), Illinois Tool Works Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.) Three Bond Holdings Co., Ltd. (Japan), Dymax (U.S.), Ashland (U.S.), Shell (U.K.)
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Market Opportunities
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Market Definition
The hybrid adhesives and hybrid sealants are produced through hybrid technology and combining different classes of polymeric resins and materials such as epoxy polysulfide, acrylics, epoxy cyanoacrylate, epoxy polyurethane polyvinyl acetate and among others. The excellent properties of hybrid adhesives and hybrid sealants such as temperature fluctuations resistance, excellent technical features, good adhesion, mechanical endurance and negligible VOC emissions are boosting its demand in the major end-use industries.
Global Hybrid adhesives and Hybrid Sealants Market Dynamics
Drivers
- Growing demand of hybrid adhesives and hybrid sealants
Hybrid adhesives and sealants is used in several end user industries such automotive, construction, electronics, aerospace and others. The demand of these hybrid adhesive and hybrid sealants increase due to their excellent bonding strength. This is the major factor which is expected to drive the growth rate of the hybrid adhesives and hybrid sealants market.
- High demand of hybrid adhesives and hybrid sealants in transportation
Transportation is another major application for hybrid adhesives and hybrid sealants products because they are used to ensure the water resistance when exposed to rainwater or during the marine transportation. Hybrid sealants are also being progressively used for bonding railway sleepers together during the installations of flooring which are expected to drive the growth rate of the hybrid adhesives and hybrid sealants market.
- High usage of epoxy cyanoacrylate
The demand of the epoxy cyanoacrylate is growing because it offers excellent bonding and fast-fixing across several substrates such as composites, plastics, metal and others. The increasing demand of epoxy cyanoacrylate across major industries such as construction, automotive, aerospace, and others due to excellent features is expected to boost the growth of the market during the forecast period.
Opportunities
- Growing demand in construction industry
The hybrid adhesives and hybrid sealants have increasing the demand in the construction and building sector for walls, roofing, structural bonding, flooring and others because of their excellent bonding, environment-friendly features, adhesion and water resistance. The building and construction industry is considerably booming due to several growth factors such as an increase in accommodation projects, residential housing and demand for modular construction projects, growth of commercial building and urbanization.
Furthermore, modernization and technological advancements in hybrid adhesives and hybrid sealants industries will further create immense opportunities for the growth of the hybrid adhesives and hybrid sealants market during the forecast period of 2022- 2029.
Restraints/Challenges
- High cost of raw materials
The demand for hybrid adhesives and hybrid sealants may be restrained by increasing raw materials prices. They are more expensive than other traditional adhesive, which is restraining the demand from the consumer’s perspective.
Furthermore, availability of product substitute along with lack of awareness among the people will hinder the growth of the hybrid adhesives and hybrid sealants market during the forecast period of 2022-2029.
This hybrid adhesives and hybrid sealants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hybrid adhesives and hybrid sealants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Hybrid Adhesives and Hybrid Sealants Market
The outbreak of COVID-19 pandemic has adversely adverse affected the growth of the several industries including hybrid adhesives and hybrid sealants worldwide. It has also posed unprecedented challenges on the sales, demand and production of hybrid adhesives and hybrid sealants, considering the delayed activities across the electronics, automotive and many other sectors. This is on account of the advent of unfavourable situations, including the scarcity of labour and raw materials caused by the imposition of the social distancing and lockdown norms.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- October 2021- DAP launched the latest line of four hybrid sealants. These sealants has developed to mix the best attributes of silicone and polyurethane with expert formulas for a range of applications. The advanced modified polymer sealants AMP provide a similar weatherproof seal on both exterior and interior applications. It prevents mildew and mold growth throughout its lifetime and may be used on damp and wet surfaces
- February 2021 - Bostik strengthens its presence in the rapidly growing Brazilian construction adhesives market with an acquisition of a major market player Poliplas in hybrid-technology sealants and hybrid adhesives. With speedy sales growth, over €10 million in 2020, and a facility in in the state of São Paulo, Popilas has more than 2,000 consumers and they provide superior quality sealing and bonding solutions in this deal along with several technologies. This firm is the major player in rapidly rising hybrid sealants and hybrid adhesives market locally.
Global Hybrid Adhesives and Hybrid Sealants Market Scope
The hybrid adhesives and hybrid sealants market is segmented on the basis of resin and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Resin
- MS Polymer Hybrid
- Epoxy-Polyurethane
- Epoxy-Cyanoacrylate
- Others
Application
- Building and Construction
- Automotive and Transportation
- Industrial Assembly
- Others
Hybrid Adhesives and Hybrid Sealants Market Regional Analysis/Insights
The hybrid adhesives and hybrid sealants market is analysed and market size insights and trends are provided by country, resin and application as referenced above.
The countries covered in the hybrid adhesives and hybrid sealants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hybrid adhesives and hybrid sealants market in terms of revenue and market share due to the growing manufacturing industries and prevalence of improved infrastructure in this region.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the growing end user industries in this region, such as construction and building.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hybrid Adhesives and Hybrid Sealants Market Share Analysis
The hybrid adhesives and hybrid sealants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hybrid adhesives and hybrid sealants market.
Some of the major players operating in the hybrid adhesives and hybrid sealants market are:
- DuPont (U.S.)
- SOLVAY (Belgium)
- Dow (U.S.)
- Henkel AG and Co. KgaA (Germany)
- 3M (U.S.)
- Bostik (France)
- Sika AG (Switzerland)
- H.B. Fuller (U.S.)
- BASF SE (Germany)
- DAP Global Inc.(U.S.)
- Owens Corning (U.S.)
- The Chemours Company (U.S.)
- Paroc Group (Finland)
- Kingspan Group (Ireland)
- DAIKIN (Japan)
- GAF (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Franklin International (U.S.)
- Illinois Tool Works Inc. (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- Three Bond Holdings Co., Ltd. (Japan)
- Dymax (U.S.)
- Ashland (U.S.)
- Shell (U.K.)
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