Global Hybrid Adhesives & Sealants Market by Application (Automotive, Building & Construction), by Resin Type (MS Polymer, Epoxy-cyanoacrylate) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global hybrid adhesives and sealants market was valued at USD 11.86 million. It is expected to grow 8.3% between 2017-2025. The global market is expected to grow due to growing demand for hybrid resins in the end-use sectors such as automotive and building and construction.

Hybrid sealants or adhesives combine two resins to offer the best of both. However, they also avoid many of their drawbacks. They offer superior performance and efficiency to single-resin-based adhesives and sealants, which is why they are becoming more popular.

Global infrastructural development and global automotive production are the key factors behind the market's growth. Over the forecast period, the global construction industry will grow at a rate of 6%. Asia Pacific will continue to be the largest market, while the Middle East and Africa are expected see the most rapid growth in the next few years. The development of developing Asian countries is making rapid progress. The government of India, for example, has increased its infrastructure budget by USD 14.3 billion (or?). 1 lakh crore) in the fiscal year 2018-2019.

Global automotive production also saw a 2.4% increase between 2014 and 2017. The automotive industry is growing due to technological advances, increasing disposable income, and a growing population. Hybrid adhesives and sealants are primarily driven by increasing demand for lightweight cars. These products significantly reduce vehicle weight. Over the forecast period, the global production of lightweight vehicles is expected to grow at a rate of 2%.

Over the last few years, individual resin prices have seen a steady rise. Hexion Inc. has increased the prices of its liquid epoxy resins by more than sixfold in the last four years. The market growth is likely to be impeded by the rising cost of raw materials.

Application Insights

In 2017, 56.4% of market revenue was attributed to building and construction. These products are used extensively in waterproofing and sealing applications, including cable sealing, through wall pipe, expansion joint filling and concrete sealing. Facades are an integral part of the construction industry. This will increase the demand for them. Global facades demand is expected to grow at 7.3% CAGR between 2016 and 2025.

Automotive was the second-largest application in terms of revenue in 2017. In the production of lightweight vehicles, hybrid adhesives are a key component. They offer strong adhesion, bonding and a quicker time to cure. This allows for increased use of lightweight material and decreases the need for mechanical fasteners. Hybrid adhesives are cost-effective, more efficient, and ultimately increase productivity. Hybrid adhesives are in high demand due to the growth of lightweight vehicles.

Other uses include heavy equipment pulling, industrial assembly, and marine production. Industrial assembly uses hybrid adhesives and sealants as an alternative to traditional mechanical fasteners. The use of rivets and screws can make components weaker due to the drilling and welding processes. These products are not subject to such processes, which results in strong bonding between the components. These products are used to build boats, yachts, or ships. Sika's hybrid adhesives and sealants were used for the exterior and interior structures of La Vue, a floating restaurant located at Durban Harbor in July 2015.

Resin Type Insights

The market can be divided into MS polymer and epoxy-cyanoacrylate depending on the resin type. The market share for MS polymer was 58.1% in 2017, according to revenue. The production of hybrid adhesives as well as hybrid sealants is possible using MS polymer resins. They are made up of silicone and urethane . These final products have the strength and weather resistance of silicone, but also offer the strength of polyurethane. They are mainly used in the construction and building industry.

Over the forecast period, epoxy-cyanoacrylate is expected to experience significant growth. This is due to the high price of epoxy-cyanoacrylate, which accounts for the low market share. The product is superior in performance to other hybrid adhesives.

Because they overcome the limitations of individual epoxy and single cyanoacrylate, epoxy-cyanoacrylate-based products are highly efficient. Epoxy-cyanoacrylate is able to fill larger gaps and prevent blooming, which is a significant advantage over cyanoacrylate. The product is faster than epoxy and has a better bonding capability with different substrates.

Regional Insights

Asia Pacific was the largest region in terms of volume in 2017, with a market share 44.5%. It is expected to continue dominating the market during the forecast period. Asia Pacific's demand is a result of several factors: the infrastructural development, the increasing production of automobiles, and the growth in the manufacturing sector.

China is the most important country in the region. It is also a key contributor to the Asia Pacific construction industry as well as the production of lightweight vehicles. China's automotive industry is very dependent on lightweight vehicles because of its growing concern for energy efficiency and emission reductions.

Europe was second in revenue in 2017. Due to slow building and construction industry growth, the region will experience slower growth than other regions. From 2014 to 2017, Europe's automobile production increased by 2.05%. Germany contributed the most in 2017, contributing 25.5% to total European cars and commercial vehicles.

Due to the significant infrastructure developments in both countries, demand from Central and South America, Middle East and Africa will grow rapidly over the forecast period. Brazil saw a 3.6% increase in its automotive production. The country's construction industry will also see steady growth, compared to the previous falls. The main contributor to Brazil's construction industry is the residential sector.

Market Share Insights & Key Companies

Major players like 3M, Bostik and Wacker Chemie AG, Henkel Corporation and Sika dominate the market. The major players are focusing on acquisitions and the introduction of new products. Bostik, for example, acquired Den Braven, a 2016 acquisition, to expand its hybrid adhesives and sealants business.

Henkel Corporation introduced its first hybrid adhesive product in September 2014. Due to increasing competition in adhesives, Henkel Corporation added two products to its product line in May 2017.

Hybrid Adhesives and Sealants Market Report Scope

The Report Covers Certain Segments

This report forecasts volume and revenue growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014-2025. Grand View Research has divided the hybrid adhesives and sealants market by resin type, region, and application.

• Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • MS Polymer

  • Epoxy-cyanoacrylate

  • Other

• Application Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)

  • Building & Construction

  • Automotive

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global hybrid adhesives market was valued at USD 14.2 Billion in 2019, and will reach USD 15.2 Billion by 2020.

b. Global hybrid adhesives and sealants markets are expected to expand at 8.3% compound annual growth rate between 2019-2025, to reach USD 22.25 billion by 2025.

b. With a 60% share in 2019, MS Polymer Hybrid was the dominant hybrid adhesives market. This is due to the high strength and weathering resistance of silicon that MS Polymer Hybrid has achieved.

b. 3M, Bostik and Wacker Chemie AG are some of the key players in hybrid adhesives and sealants. Henkel Corporation and Sika are also important.

b. The market is growing due to a preference for hybrid resins in the end-use industries like building and construction.

Up Market Research published a new report titled “Hybrid Adhesives & Sealants Market research report which is segmented by Application (Automotive, Building & Construction), by Resin Type (MS Polymer, Epoxy-cyanoacrylate), By Players/Companies Wacker Chemie AG, Henkel Corporation, Sika, 3M, Bostik”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Hybrid Adhesives & Sealants Market Report Segments:

The market is segmented by Application (Automotive, Building & Construction), by Resin Type (MS Polymer, Epoxy-cyanoacrylate).

Hybrid Adhesives & Sealants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Hybrid Adhesives & Sealants Market

Overview of the regional outlook of the Hybrid Adhesives & Sealants Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Hybrid Adhesives & Sealants Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Hybrid Adhesives & Sealants Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Automotive

                2. Building & Construction

                1. MS Polymer

                2. Epoxy-cyanoacrylate

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hybrid Adhesives & Sealants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Hybrid Adhesives & Sealants Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.