
Report ID: UCMIG15E2332
Report ID:
UCMIG15E2332 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the global market for adhesives and sealants for insulated glass was estimated at USD 4.92 billion in 2017; from 2018 to 2025, it is anticipated to grow at a CAGR of 6.7%. The main driver of product demand is the world's expanding construction and automotive and transportation industries. When building cars and other things, adhesives and sealants are used to join together glass, metal, rubber, plastic, and other goods. When it comes to joining, high-performance sealants offer an advantage over methods like welding, stitching, bolting, and screwing. Adhesive bonding thereby helps automakers create lightweight automobiles, which further helps to improve fuel efficiency and lessen the use of resources like traditional metals and plastics.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2332