Additives, Adhesives, and Sealants
Overview of the global medical adhesives and sealants market
Technavio’s market research analyst predicts the global medical adhesives and sealants market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the growing importance of adhesive dentistry. Technological advances have led to the emergence of better dental care procedures. These advanced dental care procedures are replacing traditional dental care procedures at an exponential rate. As a result, it has also been noted that there has been a substantial increase in the use of medical adhesives and sealants in the fields of dental implants, periodontics, and prosthodontics. This is primarily due to the increasing awareness of the importance of oral health among patients. Also, advances in dental technologies are making dental treatment less painful and leading to lower blood loss and healing time. As a result, such advances are increasing consumers' interest in availing dental treatment and consequently inducing growth in the medical adhesives and sealants market.
In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The high demand for technically advances products, due to the high awareness levels of healthcare among customers is the key contributor to the dominance of this segment in the market. Moreover, higher healthcare spending and better government support will propel the market growth in this region in the coming years.
Competitive landscape and key vendors
The global market for medical adhesives
Overview of the global defoaming coating additives market
Market research analysts at Technavio predict that the global defoaming coating additives market will grow steadily during the next four years and post a CAGR of more than 6% by 2021. This market research analysis identifies the increasing demand for defoaming coating additives from the construction industry as one of the primary growth factors for the defoamers market. With the increase in the per capita income and the rise in urbanization, the recent years witnessed a rapid growth of the construction industry across the globe, especially in the developing countries such as China, India, South Africa, Brazil, India, and Indonesia. The continuous growth of the world’s urban population, will, in turn, increase the demand for infrastructural development in residential and non-residential projects. With builders increasingly investing in high-quality products to increase the lifetime of buildings, such construction activities will drive the demand for high-quality defoaming agents, consequently driving market growth.
This market research and analysis estimates that in terms of geographical regions, APAC will be the market’s major revenue contributor throughout the predicted period. The growth of the major end-user industries such as end-use industries like paints and coatings, food and beverages, water treatment, paper pulp, and textile in China
Overview of the global roofing insulation adhesives market
Technavio’s market research analyst predicts the global roofing insulation adhesives market to witness impressive growth at a CAGR of around 8% by 2021. One of the major factors responsible for the growth of this market is the exponential growth in the construction industry. In the construction and infrastructure industry, roofing insulation adhesives are primarily used for insulation purposes. These insulation adhesives are made of polyurethane, bitumen, and other materials. Roofing insulation adhesives provide high-energy efficiency, thermal insulation, and are chemical resistant. These properties make them ideal for use in both external and internal insulation applications. Moreover, properties such as, high mechanical strength, light weight, long shelf life, ability to perform in all temperatures, lower curing time make the roofing insulation adhesives a preferential choice for their use in flooring and roofing of building.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. North America is the major revenue contributor, and this is attributed to the significant growth in the residential and non-residential sectors. Also, government initiatives toward sustainability of energy-efficient buildings are propelling the demand for insulated roofing. For instance, according to the New York State Green Building Construction Act, all buildings (including retrofits and new construction) that adhere to the green building standards will be eligible for a tax credit. The increasing
Overview of the global electronic adhesives market
The global electronic adhesives market is anticipated to grow at a steady rate and will post a CAGR of close to 10% during the forecast period. The decreasing overall cost of electronic components will drive the growth prospects for the global electronic adhesives market until the end of 2021. Since the latest generation of electronic adhesives cost less in comparison with traditional coating technologies, the manufacturers save 30%-50% in overall component manufacturing cost and attain a reduction in several rejects. For instance, in a highly filled epoxy resin, 1%-2% of the entire component cost goes to putting wires into a board connector. It has been observed that with the reducing number of rejects and minimization in overall component costs, the global electronic adhesives market will continue to grow during the forecast period.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market’s growth in the region includes the shift of manufacturing bases to APAC by the key vendors, availability of cheap labor, low land prices, and low manufacturing costs.
Competitive landscape and key vendors
The global electronic adhesives market is extremely competitive due to the presence of a large number of regional and international players operating in the market. These vendors are increasingly investing in research and developmental activities to increase their market penetration and expand their product portfolio.
Key vendors in this market are -
- Dow Corning
- Evonik Industries
- H.B. Fuller
Other prominent vendors in the market include Dymax, Hitachi Chemical, Indium, KYOCERA
Overview of the global grease additives market
The ability to perform well at high temperatures is extremely crucial for grease additives to be used for different end-user applications. This requirement has augmented the demand for complex soap-based greases as they perform well in different temperature ranges compared to simple soap-based greases. Grease additives influence energy efficiency by reducing the energy losses in engines due to friction in hydrodynamic, lubrication regimes, and elasto-hydrodynamics. The increased adoption of energy-efficient measures through friction modification and viscosity optimization are acting as an effective driver of the global grease additives market. The market is witnessing the use of high-performing biodegradable greases and their additives, which are either vegetable oil-based or based on synthetic esters. These greases do not release harmful residues after use and degrade sooner than the mineral-based alternatives. Moreover, the manufacture of biodegradable greases complies with the regulatory and environmental guidelines and also help in improved profit margins on account of the sales of value-added products. Technavio’s market research analyst predicts the global grease additives market to grow at a sluggish CAGR of 2% by 2020.
APAC is the largest revenue contributing region in the grease additives market and is likely to occupy more than 51% of the total market share by 2020. The automotive industry is the major contributor to the market in the region due to the growing population as well as the demand for automobiles in the region. The improvement in engine technologies and growing demand for fuel-efficient cars with reduced emissions are some of the major factors boosting the demand for
Global market overview for adhesives and sealants
According to Technavio’s market research analysts, the global market for adhesives and sealants will grow steadily at a CAGR of over 5% by 2020. A major factor spurring the growth prospects for this market is the high growth of reactive technology-based products. During the forecast period, dispersion and emulsion adhesives and sealants are anticipated to hold significant shares in the global market as water-based reactive formulations are being encouraged over solvent-based formulations to support and meet regulations imposed by various government agencies. As a result, the market for reactive adhesives and sealants is projected to exhibit the highest growth rate owing to the rising demand for construction, leather, automotive, and manufacturing applications.
In terms of geography, APAC was the largest market for adhesives and sealants during 2015 due to the high demand for adhesives and sealants from the growing construction industry and the automotive industry in many developing countries. In this region, it is estimated that the building and construction sector will experience the highest demand for adhesives and sealants and will be closely followed by the automotive sector. Furthermore, the market in this region will also experience huge gains because of the increased production from new players that are investing in developing new products and application areas for adhesives and sealants.
Competitive landscape and key vendors
The global market for
Additives, adhesives, and sealants are indispensable manufacturing substances because of the role they play in supplementing, reinforcing, and binding various materials.
Adhesives are used to bind two substrates together and are usually segmented on the basis of their adhesion method and application. The most common types of adhesives are plastic, rubber, silicone, tile, and vinyl. Sealants are used to prevent the flow of fluids through openings and joints and are usually segmented based on material type, application, and substrate.