ADHESIVES & SEALANTS MARKET ANALYSIS

1. ADHESIVES & SEALANTS MARKET ANALYSIS Adhesives are substances that possess properties capable of holding materials together in a functional manner that resists separation. Adhesives include cement, glue, paste and mucilage, which are used to hold objects together. Sealants are materials with adhesive properties that are used to seal, fill, waterproof, gaps, and joints between two surfaces. Owing to these properties, sealants are widely used in dental care to fill cavities.  Moreover, due to high tensile and shear strength, adhesive are classified into two categories such as structural adhesive and nonstructural adhesives. The chemicals formulation and technology involved in adhesive and sealants are similar. Water-based adhesive and silicon-based sealants are expected to hold a dominant position in the global adhesives and sealants market over the forecast, owing to the significant expected growth in the construction, packaging, and automobiles industries, which widely employ sealants and adhesives Adhesives and Sealants Market Taxonomy On the basis of product type, the global adhesives market is classified into: •Solvent based •Water based •Hot melt •Reactive •Others On the basis of product type, the global sealants market is classified into: •Acrylic sealant •Polyurethane sealant •Silicon sealant •Butyl sealant •Others On the basis of application, the global adhesives and sealant market is classified into: •Packaging •Buildings and construction

2. •Wood works •Footwear •Medical •Others Key Developments 1. Key players in the market are involved in various business strategies such as business expansion, in order to enhance their market presence. For instance, in March 2017, Dow Corning, the subsidiary of The Dow Chemicals Company, expanded its India operations by opening SAHAYOG Building Solutions Center in Mumbai, India. SAHAYOG Building Solutions Center will provide project and technical support to their clients. 2. Major players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in September 2017, H.B. Fuller Company, a manufacturer of adhesives, acquired Royal Adhesives & Sealants, a provider of adhesive and sealants. The acquisition was valued at around US$ 1.75 billion. 3. Major players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in July 2019, Berry Global Group, Inc. acquired RPC Group Plc, manufacturer of plastic packaging for US$ 4.3 billion.