Hybrid Adhesives & Sealants Market Size, Share - Segmented by Resin (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), End-user Industry (Building & Construction, Transportation, Industrial Assembly), and Geography - Growth, Trends, and Forecast (2019 - 2024).

Hybrid Adhesives & Sealants Market Size, Share - Segmented by Resin (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), End-user Industry (Building & Construction, Transportation, Industrial Assembly), and Geography - Growth, Trends, and Forecast (2019 - 2024).

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Hybrid Adhesives & Sealants Market 

The global hybrid adhesives & sealants market is expected to register a moderate CAGR during the forecast period, 2018 to 2023. Europe region is estimated to be the fastest growing market owing to its rapid increase demand from the transportation and construction sectors. Building & Construction segment is expected to be the fastest growing by end-user industry.

Rapidly Increasing Demand from the Various End-user Industries

Hybrid adhesives & sealants are widely used in various end-user industries due to their superior properties. Some of the advantages of using hybrid adhesives are they possess improved peel strength, flexibility/elongation, impact/thermal cycling resistance, and long-term durability. Hybrid adhesives & sealants are the new generation adhesives & sealants which are developed on basis of combining best properties within two or more families of polymeric resins. The Chinese government has projected the capital expenditure in construction of HK$ 23,923 million in its proposed budget for 2018-19, i.e. 7% higher than the budget allotted for the FY2017, in order to the construct more affordable flats. The automotive sector in China has witnessed a growth of 3.19% in 2017 Y-o-Y over 2016 and reached a total of 29,015,434 vehicles. Government of India has announced allotment of about INR 50,000 crore (USD 7.34 billion) for the construction of smart cities, across the country. According to the European Construction Industry Federation (FIEC), construction activity in the whole EU grew by 2.2%, in 2016 when compared to 2015, reaching a total of EUR 1,278 billion. Construction activities in all 19 EUROCONSTRUCT countries has increased by 3.23% in 2017, owing to growing demand in construction in these countries. Furthermore, the market is further expected to rise by around 6% through 2020. FIFA World-Cup in Qatar (2022) is anticipated to provide significant demand for hybrid adhesives & sealants in construction activities.

Building & Construction - The Fastest Growing End-user Industry

Hybrid adhesives & sealants are widely used in wide range of sub-applications in the building & construction industry, such as waterproofing, carpet layment, wall covering, civil operations, insulation, roofing, tiling, facade, parquet, flooring, and others. Hybrid adhesives & sealants are fast gaining importance in the construction industry for use in renovation, bonding, maintenance and repair of both residential & commercial buildings. Some of the other advantages of hybrid adhesives & sealants which are driving its usage in building & construction sector are: they are water resistant, contain no VOCs, and do not degrade when exposed to UV rays. Hence, with the increase in demand for new construction, the demand for hybrid adhesives & sealants is expected to rapidly increase in the forecast period (2018-2023).

Asia-Pacific Region to Lead the Hybrid Adhesives & Sealants Market 

China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in the recent years. China’s transport ministry and National Development and Reform Commission (NDRC) has planned to invest USD 724 billion during the period 2016-2018 to construct 303 key transportation projects, including railways, highways, waterways, airports, and urban rail. The automotive sector in India has witnessed a growth of 5.83% in 2017 Y-o-Y over 2016 and reached a total of 4,782,896 vehicles. The Indian government has declared a target of USD 376.5 billion investment in infrastructure over a period of 3 years, including USD 120.5 billion for developing 27 industrial groups, and USD 75.3 billion for road, railway, and port connectivity projects. The Japanese construction sector is growing rapidly, due to the increasing demand, triggered by a sudden rise in residential construction and projects related to the Tokyo Olympics 2020. The major long-term projects that the country is expected to witness, are the Maglev railway, upgrading highway networks, and a new rail link to Haneda Airport in Tokyo. Singapore government has announced investment of USD 700 million for construction of public amenities projects over the next two years (2018-2020). Hence, with the increase demand from the construction and transportation industries, the demand for hybrid adhesives & sealants is expected to rapidly increase in the forecast period (2018-2023).

                                               Hybrid Adhesives & Sealants Market

Hybrid Adhesives & Sealants Market Major Players:

  • 3M.
  • Arkema group.
  • Henkel AG.
  • Sika AG.

Reasons to Purchase Hybrid Adhesives & Sealants Market Report

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction

                1.1 Scope of the Report

                1.2 Market Definition

                1.3 Study Assumptions

                1.4 Study Deliverables

                1.5 Research Phases

2. Executive Summary

3. Hybrid Adhesives & Sealants Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Hybrid Adhesives & Sealants Market Drivers

     4.1.1 Rapidly Increasing Demand from the Automotive and Construction Sectors

     4.1.2 Increasing Environmental Regulations in North America and Europe

                4.2 Hybrid Adhesives & Sealants Market Restraints

     4.2.1 High Cost of Products

     4.2.2 Lack of Acceptance from End-user Industries

                4.3 Hybrid Adhesives & Sealants Market Opportunities

     4.3.1 Increasing Demand for Sustainable Adhesives and Sealants

     4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 Hybrid Adhesives & Sealants Market By Resin

                                5.1.1 MS Polymer Hybrid

                                5.1.2 Epoxy-Polyurethane 

                                5.1.3 Epoxy-Cyanoacrylate 

                                5.1.4 Silicone-polyurethane

                                5.2.5 Others (Epoxy-polysulfide, etc.)

                5.2 Hybrid Adhesives & Sealants Market By End-user Industry

                                5.2.1 Building & Construction

                                5.2.2 Transportation

                                5.2.3 Industrial Assembly 

                                5.2.4 Other End-user Industries

6. Hybrid Adhesives & Sealants Market Regional Analysis

                6.1 Asia-Pacific Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.1 China Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.2 India Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.3 Japan Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.4 South Korea Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.5 ASEAN Countries Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.1.6 Rest of Asia-Pacific

                6.2 North America Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.2.1 United States Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.2.2 Canada Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.2.3 Mexico Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.2.4 Rest of North America

                6.3 Europe Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.1 Germany Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.2 United Kingdom Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.3 Italy Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.4 France Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.5 Spain Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.3.6 Rest of Europe

                6.4 South America Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.4.1 Brazil Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.4.2 Argentina Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.4.3 Rest of South America

                6.5 Middle East and Africa Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.5.1 Saudi Arabia Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.5.2 South Africa Hybrid Adhesives & Sealants Market Size (2018-2023)

                                6.5.3 Rest of Middle East and Africa

7. Comparison with other Adhesives Systems

                7.1 Epoxy

                7.2 Polyurethane

                7.3 Cyanoacrylate

                7.4 Silicone

8. Hybrid Adhesives & Sealants Market Competitive Landscape

                8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Hybrid Adhesives & Sealants Market Company Profiles (Overview, Financials**, Products & Services and Recent Developments)

                9.1 3M

                9.2 American Sealants, Inc.

                9.3 Arkema Group (Bostik SA)

                9.4 Dymax Corporation 

                9.5 Forgeway Limited

                9.6 H.B.Fuller

                9.7 Henkel AG & Co. KGaA

                9.8 Hermann Otto GmbH

                9.9 Hodgson Sealants (Holdings) Ltd.

                9.10 Kisling AG

                9.11 Permabond LLC

                9.12 Sika AG

                9.13 TREMCO ILLBRUCK

                9.14 Wacker Chemie AG

                *list not exhaustive

10. Disclaimer

**Subject to availability on public domain

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