May 6, 2020   SOURCE: BusinessWire

COVID-19 Impact on Adhesives & Sealants Market by Resin Type, Application - Global Forecast to 2021 - ResearchAndMarkets.com

The "COVID-19 Impact on Adhesives & Sealants Market by Resin Type (Emulsion, Polyurethane, Epoxy, EVA, Silicone), Application (Paper & Packaging, Building & Construction, Woodworking, Medical & Hygiene, Automotive & Transportation) - Global Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

The adhesives & sealants market is projected to grow at a CAGR of 2.6% between 2019 and 2021, in terms of value.

The rising demand for adhesives and sealants across various applications, such as paper & packaging, medical & hygiene, consumer/DIY, and others, is expected to drive the growth of the adhesives & sealants industry. Impact on logistics & supply chain and shut down of manufacturing facilities due to the impact of COVID-19 are restraining the growth of the market.

Based on the application, the paper & packaging segment is expected to lead the adhesives market during the forecast period.

The paper & packaging application accounts for the largest share in the adhesives & sealants market and is expected to remain the largest market segment between 2019 and 2021. The growth of this segment is likely to be driven by the increased use of adhesives in a wide variety of paper bonding applications. These applications range from corrugated box construction and the lamination of printed sheets to packaging material used for all types of consumer products and the production of large industrial tubes and cores used by manufacturers of roll goods and other materials.

The EVA-based resin segment is expected to grow at the highest CAGR during the forecast period.

EVA adhesives market is expected to witness the highest growth during the forecast period. EVA adhesives have better adhesion to a wide variety of substrates and better retention of properties at a lower temperature than polyethylene adhesives. These copolymer systems set quickly, require no cure or fusing for water or solvent removal, and require relatively less equipment, operating, and material costs. These adhesives are more susceptible to cold flow and solvent attack than polyethylene or polyamide adhesives.

APAC is expected to lead the adhesives & sealants market during the forecast period.

The APAC adhesives & sealants industry is projected to grow at the highest CAGR during the forecast period, both in terms of value and volume. APAC is the largest consumer of adhesives & sealants. Increasing population and technological advancements in the medical & hygiene and packaging industries are expected to fuel the growth of the adhesives & sealants industry in the region. China, Japan, and India are the major countries in the APAC adhesives & sealants market. The market is witnessing high growth in the US and Europe owing to the increasing demand for medical infrastructure across the globe, which, in turn, is propelling the demand for adhesives & sealants.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Covid-19 Impact on Adhesives & Sealants Ecosystem

4.1 Value Chain of Adhesives & Sealants industry

4.2 Impact on Value Chain

4.3 Macroeconomic indicators

4.4 Market Dynamics

4.4.1 Drivers

4.4.1.1 Increasing Demand for Medical Supplies & Equipment

4.4.1.2 Growing Awareness & Concern About Health & Personal Hygiene

4.4.1.3 Increasing Packaging Demand for Healthcare and FMCG Products

4.4.1.4 Rising E-Commerce Sales

4.4.2 Restraints

4.4.2.1 Shutdown of Manufacturing Facilities

4.4.2.2 Shortage of Raw Materials

5 Customer Analysis

5.1 Shift in Building & Construction industry

5.2 Shift in Packaging industry

5.3 Shift in Automotive industry

5.4 Shift in Medical industry

5.5 Shift in Aerospace industry

6 Impact of Covid-19 on Adhesive & Sealants Companies

6.1 Biggest Gainers, By Top Application

6.2 Biggest Losers, By Top Applications

6.3 Biggest Gainers, By Top Materials

6.4 Biggest Losers, By Top Materials

6.5 Covid-19 Impact on Top Companies

7 Impact of Covid-19 on Short-Term Strategies of Adhesives & Sealants Companies

7.1 Impact on Adhesives & Sealants Companies Portfolio

7.2 Winning Strategies to Gain Market Share

8 Impact of Covid-19 on the Adhesives Market

8.1 By Adhesives & Sealants Type

8.2 By Application

8.3 By Geography

8.3.1 Apac

8.3.2 Europe

8.3.3 North America

8.3.4 Rest of the World (RoW)

Companies Mentioned

  • 3M Company
  • Arkema
  • Epoxy
  • Ethicon (J&J)
  • Henkel
  • Plastisol

For more information about this report visit https://www.researchandmarkets.com/r/fbbtae