Adhesives and Sealants Market Overview
The adhesives and sealants market is projected to register a CAGR of over 4.5% during the forecast period (2021-2026). The packaging segment dominated the adhesives and sealants market, and it is likely to grow during the forecast period, owing to the robust growth in demand for packaging materials from the food and beverage and e-retail companies. The paper, board, and packaging segment are the largest consumer of the adhesives and sealants market. The packaging industry has been witnessing strong demand from end-user industries, such as food and beverages, cosmetics, consumer goods, stationery, and other end-user industries. The report also covers the market size and forecasts for the adhesives and sealants market in 17 countries across major regions.
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Adhesives and Sealants Market – Geographical Overview
Asia Pacific region to dominate the adhesives and sealants market
Asia-Pacific is expected to witness the strongest growth in the demand for packaging materials due to the robust economic performance of the developing countries, promising robust market demand, and the growing population, which is adding new demand to the market. The flexible packaging market in the Asia-Pacific region is expected to reach USD 131 billion by 2023 at an estimated CAGR of over 4.5% during the period 2018-2023. The Asia-Pacific region dominated the global market share of more than 40%. The increasing demand from industries, such as packaging, construction, and electronics in the countries such as China, India, and Japan are boosting the demand.
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Key Highlights of the Adhesives and Sealants Market
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List of Key Players in the Adhesives and Sealants Market
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Mordor Intelligence has segmented the global adhesives and sealants market on the basis of adhesives technology, sealant product type, end-user industry, and geography:
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