How big is the hybrid adhesives and sealants market?

According to a report published by Grand View Research, the growing preference for hybrid resins in end-use industries, such as building and construction, and automotive is expected to drive the global hybrid adhesives & sealants market.

According to a report, “Hybrid Adhesives & Sealants Market Size, Share & Trends Analysis Report By Resin Type (MS Polymer, Epoxy-Cyanoacrylate), By Application (Building & Construction, Automotive), And Segment Forecasts, 2019–2025” published by Grand View Research, Inc., the global hybrid adhesives and sealants market size is expected to reach USD 22.50 billion by 2025. It is anticipated to expand at a CAGR of 8.3% over the forecast period. The growing popularity of hybrid resins has led to their usage in adhesives and sealants. Increasing infrastructural developments and demand for lightweight vehicles are anticipated to augment the market during the forecast period.

The building and construction industry is witnessing considerable growth across the globe, especially in developing countries. Hybrid sealants are widely used in concrete sealing, joint filling, and cable sealing applications. Its ability to bond with different types of substrates, tolerate extreme weather conditions, compatibility with paints and coatings and availability in different colors is boosting the demand.

Growing concerns toward the environment and energy consumption have encouraged automotive manufacturers to increase the production of lightweight vehicles, where hybrid adhesives are of vital importance. Hybrid adhesives contribute significantly in reducing the weight of a vehicle. They offer strong adhesion and bonding for different types of materials that allow the usage of lightweight substrates in vehicle production and also eliminate the need for mechanical fasteners. This further leads to saving time and productivity along with the enhanced fuel efficiency and fewer VOC emissions post-production. The increasing production of lightweight vehicles is anticipated to propel the global market.

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Hybrid Adhesives & Sealants Market Report Highlights

1. Building and construction was the largest application segment in 2017 on account of the increasing propensity of builders towards hybrid adhesives and sealants and the growth of the global construction market

2. On the basis of resin type, MS polymer resins that are used in the production of both hybrid adhesives and hybrid sealants accounted for a market share of 58.1% in 2017.

3. The epoxy-cyanoacrylate segment is expected to experience substantial growth over the forecast period. The low market share of the segment is due to the high cost of epoxy-cyanoacrylate.

4. The Asia Pacific was the largest regional segment in 2017 with a market share of 44.5% and is expected to maintain its dominance in the global market over the forecast period. Infrastructural innovations expanded automotive production, and the rising growth of the manufacturing sector contributes to the growth of the market in the region.

5. Central and South America, the Middle East, and Africa regions are expected to witness significant growth during the forecast period owing to the considerable infrastructure developments taking place in the aforementioned regions.

6. In October 2020, Pettit launched a new line of adhesives and sealants built for manufacturers, boaters, and boatyards. The new adhesive and sealant named “AnchorTech” provide superior technology, ease of use to end-users.

Hybrid Adhesives & Sealants Market Segmentation

Grand View Research has segmented the global hybrid adhesives and sealants market on the basis of resin type, application, and region:

Hybrid Adhesives & Sealants Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014–2025)

1. MS Polymer
2. Epoxy-cyanoacrylate
3. Others

Hybrid Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014–2025)

1. Building & Construction
2. Automotive
3. Others

Hybrid Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014–2025)

1. North America

1.1. The U.S.

2. Europe

2.1. Germany

2.2. The U.K.

3. Asia Pacific

3.1. China

3.2. India

4. Central & South America

4.1. Brazil

5. Middle East & Africa

Key Players in the Hybrid Adhesives & Sealants Market

1. 3M
2. Bostik
3. H.B. Fuller Company
4. Henkel Corporation
5. The Sherwin-Williams Company (Geocel)
6. Sika
7. Wacker Chemie AG
8. DL Chemicals
9. Epoxy Technology, Inc.
10. Novachem Corporation Ltd
11. Tremco Illbruck