Adhesives Sealants Handheld Devices Market To Huge Surge In Demand And Growth In The Forecast Period 2022-2030

The Adhesive and Sealant for the Handheld Devices Market witnessed USD 4,882.6 million in 2016; the market is predicted to grow to the value of USD 7946.8 million by 2023, which is the estimated period. This Adhesive and Sealant for the Handheld Devices Market is estimated to have a CAGR of 7.21% rate.

The materials applied among the two surfaces to bind them together are called adhesives or sealants. To be more accurate, adhesives are used to make sure that the surfaces get linked permanently, whereas the work of sealants is to take care of the space between them after application of the adhesives. The Adhesive and Sealant for the Handheld Devices Market utilizes primary end-use industries such as hard disc drives, mobile phones, laptops, etc. It has been expected that the Adhesive and Sealant for the Handheld Devices Market will develop at a very advanced rate in the estimated period. The main role of the sealant is to ensure that there should be no entry of foreign particles among the two surfaces secured with the help of adhesives. Adhesives have extended their usage in building products such as PCBs, camera lenses, and others. The hot melt adhesive is the most widely used adhesive, which has better rephrase capacity and reliability features. 

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Market segmentation

• Adhesive 

Based on formulating technology:

• Water-based
• Solvent-based
• Hot-melt
• Reactive & Others

Based on application:

• Paper & packaging
• Building & construction
• Woodworking
• Consumer & DIY
• Automotive & Transportation
• Leather & Footwear
• Assembly
• Medical
• Electronics
• Others

• Sealant 

Based on resin type:

• Silicone
• Polyurethane
• Plastisol
• Emulsion
• Polysulfide
• Butyl
• Others

Based on application:

• Building & construction
• Automotive & Transportation
• Consumer
• Others

Based on the region:

• Asia Pacific
• Europe
• North America
• South America
• Middle East & Africa

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Regional analysis

The market is segregated into the regions such as North America, Asia Pacific, Europe and all other countries.

The region which leads the market in the Asia Pacific region gets considered to have nearly 50% of the market share. Some factors make this region have a great share in the Adhesive and Sealant for the Handheld Devices Market, such as rising urbanization in most regions.

The Europe region, which has the second position in the market, is entirely based on income share. It has rising Adhesive and Sealant for the Handheld Devices Market trends due to most of the main creators being spotted in this region and providing high-quality products. This region is right next to North America.

Key Players

3M, Henkel AG, and Co. KGaA, Tangent Industries, Evonik Industries AG, Novachem Corporation, H.B. Fuller, and Dow Corning Corporation.

Recent development

• In 2020, Henkel officially launched its new construction factory in Kurkumbh, which is in India, near Pune. It had a total investment of nearly USD 57 million, this business piece intended to help in the gaining demand of Indian industries for its performance in sealants, adhesives and surface treatment goods. It was built as a smart factory; the new plant ensures a wide range of Industry 4.0 operations and fulfills the high standards for sustainability.
• In the year 2020, H.B. Fuller declared Full-Care 5885 to fulfill the industry’s rising demand for natural-based hygiene training. This adhesive provides a good value by linking high-performance cotton bonding at a very low price.

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