COVID-19 Impact on Adhesives & Sealants Market

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 Code: CH 7609 Apr, 2020, by marketsandmarkets.com

[101 Pages Report] The global adhesives & sealants market size is estimated to be USD 63.5 billion in 2019 and projected to reach USD 66.8 billion by 2021, at a CAGR of 2.6%, from 2019 to 2021. The increasing use of adhesives & sealants in various applications, such as paper & packaging, medical & hygiene, consumer/DIY, and building & construction, among others, is driving the growth of the adhesives & sealants industry.

COVID-19 Impact on Adhesives & Sealants Market

Emulsion resin is estimated to account for the largest share of the global adhesives & sealants market during the forecast period.

Emulsion adhesives are manufactured by the emulsification and polymerization of resins, such as PVA, VAE, and acrylic in water. They are generally free of solvents, and hence, are not flammable and non-toxic. These adhesives are used mainly for porous materials, such as paper, cloth, and wood.

As emulsion adhesives are free of solvents, they are considered to be environment-friendly. Emulsion adhesives are used in various applications that include paper & packaging, medical & hygiene, woodworking, building & construction, and automotive & transportation.

The acrylic polymer emulsion segment is projected to be the largest and the fastest-growing resin type segment of the emulsion adhesives market. Acrylic polymer emulsions are environment-friendly adhesives and provide an adequate balance among shear, tack, and peel strength of the bond. The increasingly stringent regulatory framework for environment-friendly norms is expected to augment market growth.

Medical & hygiene is expected to be the fastest-growing application of adhesives & sealants market.

Based on application, the adhesives & sealants industry has been segmented into paper & packaging, building & construction, woodworking, consumer/DIY, automotive & transportation, leather & footwear, assembly, and others. The medical & hygiene segment is expected to grow at the highest CAGR, in terms of value, during the forecast period, owing to an increase in the demand for PPE, medical supplies, masks, ventilators, filtration devices, and personal hygiene, & paper products.

COVID-19 Impact on Adhesives & Sealants Market

APAC is expected to account for the largest adhesives & sealants market share during the forecast period.

The APAC adhesives & sealants market is segmented into China, Japan, India, South Korea, and the Rest of APAC. The APAC region is a lucrative market for medical & hygiene adhesives and is projected to witness the highest growth in the next five years.

The region is expected to offer significant opportunities for medical device manufacturers as well as the medical adhesives manufacturers in the next two years. Many medical device manufacturers are setting up or expanding their manufacturing bases in this region to take advantage of the low manufacturing cost.

In addition, APAC has immense growth potential driven by the increasing demand for a better healthcare system. Across these economies, local governments are reforming regulations in fields such as IT integration, advanced materials, and others in the healthcare industry to increase the efficiency and efficacy of medical devices and related healthcare services in this crisis period.

Key Market Players

The key players operating in the adhesives & sealants market include Henkel (Germany), H. B. Fuller (US), Sika (Switzerland), Arkema (France), Huntsman Corporation (US), 3M Company (US), Ethicon, Inc (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), DowDuPont Inc. (US), and Wacker Chemie Ag (Germany).

Scope of the report

Report Metric

Details

Years considered for the study

2018–2021

Base year

2019

Forecast period

2020–2021

Units considered

Value (USD Million) and Volume (Kiloton)

Segments

Adhesive resin type, application, and region

Regions

North America, Europe, APAC, the RoW

Companies

Henkel (Germany), H B Fuller (US), Sika (Switzerland), Arkema (France), Huntsman Corporation (US), 3M Company (US), Ethicon Inc. (US), Illinois Tool Works Inc. (US), Avery Dennison Corporation (US), DowDuPont Inc. (US), Wacker Chemie Ag (Germany), RPM International Inc. (US), Akzo Nobel N. V. (Netherlands), PPG Industries (US). Lord Corporation (US), Adhesives Research Inc. (US), Delo Industrie Lebstoffe GMBH &Co. KGAA (Germany), DYMAX Corporation (US), Mapei Corporation (Italy), Meridian Adhesives Group (US), Master Bond Inc. (US), Soudal Group (Belgium), Pidilite Industries (India), Jowat SE (Germany), Franklin International (US), Ashland Inc. (US).

This research report categorizes the adhesives & sealants market based on adhesive formulating technology, sealant resin type, application, and region.

Based on resin type:

  • Emulsion
  • Polyurethane
  • Epoxy
  • Silicone
  • Plastisol
  • EVA
  • Others [polypropylene, polysulfide, butyl, bituminous, and inorganic & rubber-based and Other adhesives & sealants]

Based on the application:

  • Paper & Packaging
  • Building & Construction
  • Woodworking
  • Medical & Hygiene
  • Automotive & Transportation
  • Consumer/DIY
  • Leather & Footwear
  • Sealants, Assembly and Others (Sandwich Panel Manufacturing, Sports Equipment, Toys, Abrasives, Filters, and Flexible Materials)

Based on the region:

  • North America
  • Europe
  • APAC
  • Rest of the World

The market is further analyzed for key countries impacted by COVID-19 in each of these regions.

Recent Developments

  • In March 2020, 3M almost doubled its global production of N95 respiratory masks, which was used earlier for industrial purposes, to a nearly 100 million per month or annual rate of 1.1 billion per year. 3M currently manufactures more than 400 million N95 respirators annually in the US alone; among these, more than 90% are assigned for healthcare workers, with the remaining being used in other industries, such as energy, food, and pharmaceutical companies. Moreover, 3M has increased its investments to expand its global capacity by over 30% in the coming near future. This increased production is being directed to help both public health authorities and government. Along with the US location, the company also manufactures respiratory masks at its sites in Europe, APAC, and Latin America. The company is also in the process of maximizing the production of various other medical products to be used to help tackle COVID-19. These products include disinfectants, hand sanitizers, and filtration solutions.
  • In March 2020, Johnson & Johnson has collaborated with Prisma Health to produce and distribute a ventilator expansion device called the VESper, which is a ventilator expansion splitter. This splitter is authorized for only emergency use only to allow a single ventilator to be fitted with the ventilator splitter and to be used for two rescuable patients for ventilatory support during the COVID-19 pandemic until individual ventilators are available.
  • In March 2019, Huntsman announced plans to produce approximately 50 tons of hand sanitizers to donate free of charge to hospitals and pharmacies free of charge, which are now facing increasing shortages of such products due to the COVID-19 pandemic and constrained supply of the products. In recent weeks, Huntsman has contributed its chemical products to the fight against the novel coronavirus COVID-19 in China. The company also donated methylene diphenyl diisocyanate (MDI) to enable the manufacture of prefabricated polyurethane insulation panels for hospital construction and other materials to manufacture personal protective equipment (PPE) for medical personnel fighting the coronavirus.

Key questions addressed by the report

  • What are the upcoming trends for the adhesives & sealants market during this period?
  • How are the market dynamics for different types of adhesives & sealants during this period?
  • What are the significant trends in applications influencing the market during this period?
  • What are the factors governing the adhesives & sealants market in each region during this period?
  • What are the strategies followed by various companies during this period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 13)
    1.1 OBJECTIVES OF THE STUDY
    1.2 COVID-19
    1.3 MARKET DEFINITION
    1.4 IMPACT OF COVID-19 ON ADHESIVES & SEALANTS MARKET
    1.5 MARKET SCOPE
           1.5.1 ADHESIVES & SEALANTS: MARKET SEGMENTATION
           1.5.2 YEARS CONSIDERED FOR THE STUDY
    1.6 CURRENCY
    1.7 UNIT CONSIDERED
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 18)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION

3 EXECUTIVE SUMMARY (Page No. - 26)

4 COVID-19 IMPACT ON ADHESIVES & SEALANTS ECOSYSTEM (Page No. - 28)
    4.1 VALUE CHAIN OF ADHESIVES & SEALANTS INDUSTRY
    4.2 IMPACT ON VALUE CHAIN
           4.2.1 RAW MATERIALS SUPPLIERS
           4.2.2 ADHESIVES & SEALANTS MANUFACTURERS
           4.2.3 ADHESIVE EQUIPMENT MANUFACTURERS/SUPPLIERS
           4.2.4 END-PRODUCT MANUFACTURERS
    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 (Page No. - 34)
    5.1 SHIFT IN BUILDING & CONSTRUCTION INDUSTRY
           5.1.1 INTRODUCTION
           5.1.2 DISRUPTION IN BUILDING & CONSTRUCTION INDUSTRY
                    5.1.2.1 Disruption in the building & construction industry to impact the adhesives market
           5.1.3 IMPACT OF COVID-19 ON BUILDING & CONSTRUCTION ADHESIVES MARKET
                    5.1.3.1 Impact on customers revenues
                    5.1.3.2 Customer’s most impacted regions
                               5.1.3.2.1 North America
                               5.1.3.2.2 Europe
                               5.1.3.2.3 APAC
                    5.1.3.3 MnM view on growth outlook and opportunities
    5.2 SHIFT IN PACKAGING INDUSTRY
           5.2.1 INTRODUCTION
           5.2.2 DISRUPTION IN PACKAGING INDUSTRY
                    5.2.2.1 Disruption in the protective packaging industry to impact the packaging adhesives market
           5.2.3 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
                    5.2.3.1 Impact on customers revenues
                               5.2.3.1.1 Amcor
                               5.2.3.1.2 International Paper
                               5.2.3.1.3 Tetra Pak
                               5.2.3.1.4 Macfarlane Group PLC
                    5.2.3.2 Short-term strategies to manage cost structure and supply chains
    5.3 SHIFT IN AUTOMOTIVE INDUSTRY
           5.3.1 INTRODUCTION
           5.3.2 DISRUPTION IN AUTOMOTIVE INDUSTRY
           5.3.3 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
                    5.3.3.1 Impact on customers’ revenues
                    5.3.3.2 Customer’s most impacted regions
                               5.3.3.2.1 China
                               5.3.3.2.2 Europe
                               5.3.3.2.3 US
                    5.3.3.3 Short-term strategies to manage cost structure and supply chains
    5.4 SHIFT IN MEDICAL INDUSTRY
           5.4.1 INTRODUCTION
           5.4.2 DISRUPTION IN MEDICAL INDUSTRY
           5.4.3 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
                    5.4.3.1 Impact on customers’ revenues
                    5.4.3.2 Customer’s most impacted regions
                    5.4.3.3 Short-term strategies to manage cost structure and supply chains
                    5.4.3.4 MnM viewpoint on growth outlook and new market opportunities
    5.5 SHIFT IN AEROSPACE INDUSTRY
           5.5.1 INTRODUCTION
           5.5.2 DISRUPTION IN AEROSPACE INDUSTRY
           5.5.3 IMPACT ON OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
                    5.5.3.1 Impact on customers’ revenues
                    5.5.3.2 Customer’s most impacted regions
                               5.5.3.2.1 Impact on Passenger Airlines by region
                               5.5.3.2.2 Impact on Cargo airlines by region
                               5.5.3.2.3 Some of the economic impacts at national level include:
                    5.5.3.3 Short-term strategies to manage cost structure and supply chains
                    5.5.3.4 MnM viewpoint on growth outlook and new market opportunities

6 IMPACT OF COVID-19 ON ADHESIVE & SEALANTS COMPANIES (Page No. - 53)
    6.1 BIGGEST GAINERS, BY TOP APPLICATION
           6.1.1 MEDICAL DEVICES & HYGIENE
                    6.1.1.1 Respiratory Support Devices
                    6.1.1.2 Implantable Devices
                    6.1.1.3 Injectable Devices
                    6.1.1.4 Medical Adhesive Tapes
                    6.1.1.5 Masks
           6.1.2 PAPER & PACKAGING
    6.2 BIGGEST LOSERS, BY TOP APPLICATIONS
           6.2.1 AUTOMOTIVE
           6.2.2 ELECTRICAL & ELECTRONICS
    6.3 BIGGEST GAINERS, BY TOP MATERIALS
           6.3.1 EMULSION ADHESIVES & SEALANTS
           6.3.2 MEDICAL SILICONES
    6.4 BIGGEST LOSERS, BY TOP MATERIALS
           6.4.1 EPOXY
           6.4.2 PLASTISOL
    6.5 COVID-19 IMPACT ON TOP COMPANIES
           6.5.1 3M COMPANY
                    6.5.1.1 COVID-19-related developments/strategies
           6.5.2 ETHICON (J&J)
                    6.5.2.1 COVID-19-related developments/strategies
           6.5.3 HENKEL
                    6.5.3.1 Covid-19-related developments/strategies
           6.5.4 ARKEMA
                    6.5.4.1 COVID-19-related developments/strategies

7 IMPACT OF COVID-19 ON SHORT-TERM STRATEGIES OF ADHESIVES & SEALANTS COMPANIES (Page No. - 59)
    7.1 IMPACT ON ADHESIVES & SEALANTS COMPANIES PORTFOLIO
           7.1.1 PRODUCT
           7.1.2 APPLICATION
           7.1.3 REGION
    7.2 WINNING STRATEGIES TO GAIN MARKET SHARE
           7.2.1 SHORT-TERM STRATEGIES (TILL DEC 2020)
           7.2.2 MID-TERM STRATEGIES (2021-2022)
           7.2.3 LONG-TERM STRATEGIES (2022 ONWARDS)

8 IMPACT OF COVID-19 ON THE ADHESIVES MARKET (Page No. - 64)
    8.1 BY ADHESIVES & SEALANTS TYPE
           8.1.1 EMULSION ADHESIVES & SEALANTS
           8.1.2 POLYURETHANE ADHESIVES & SEALANTS
           8.1.3 EPOXY ADHESIVES & SEALANTS
           8.1.4 ETHYLENE VINYL ACETATE (EVA) ADHESIVES & SEALANTS
           8.1.5 SILICONE ADHESIVES & SEALANTS
           8.1.6 PLASTISOL ADHESIVES & SEALANTS
           8.1.7 OTHER ADHESIVES & SEALANTS
    8.2 BY APPLICATION
           8.2.1 PAPER & PACKAGING
           8.2.2 BUILDING & CONSTRUCTION
           8.2.3 WOODWORKING
           8.2.4 AUTOMOTIVE & TRANSPORTATION
           8.2.5 MEDICAL & HYGIENE
           8.2.6 CONSUMER & DIY
           8.2.7 LEATHER & FOOTWEAR
           8.2.8 SEALANTS, ASSEMBLY & OTHERS
                    8.2.8.1 Sealants
                    8.2.8.2 Assembly
                    8.2.8.3 Others
    8.3 BY GEOGRAPHY
           8.3.1 APAC
                    8.3.1.1 CHINA
                    8.3.1.2 REST OF APAC
           8.3.2 EUROPE
                    8.3.2.1 GERMANY
                    8.3.2.2 FRANCE
                    8.3.2.3 ITALY
                    8.3.2.4 UK
                    8.3.2.5 REST OF EUROPE
           8.3.3 NORTH AMERICA
                    8.3.3.1 US
                    8.3.3.2 REST OF NORTH AMERICA
           8.3.4 REST OF THE WORLD (ROW)


LIST OF TABLES (71 Tables)

TABLE 1 ADHESIVES MARKET SNAPSHOT, 2019 VS. 2021
TABLE 2 CONSTRUCTION COMPANIES: ANNOUNCEMENTS AND STRATEGIES TO RESUME/IMPROVE THEIR PRODUCTION
TABLE 3 CUSTOMERS’ SHORT-TERM STRATEGIES IN PACKAGING INDUSTRY
TABLE 4 AUTOMOTIVE COMPANIES’ ANNOUNCEMENTS
TABLE 5 PASSENGER REVENUE LOSS, 2020 VS 2019
TABLE 6 INTERNATIONAL PASSENGER MARKET, FEBRUARY 2020 VS FEBRUARY 2019
TABLE 7 COVID-19 MRO GLOBAL IMPACT
TABLE 8 GROWTH INDICATORS OF AEROSPACE INDUSTRY, BY REGION, 2015–2033
TABLE 9 AIRCRAFT COMPANIES’ ANNOUNCEMENTS
TABLE 10 JOBS IN AVIATION AND RELATED SECTORS
TABLE 11 IMPACT ON EUROPEAN COUNTRIES
TABLE 12 IMPACT ON APAC COUNTRIES
TABLE 13 GLOBAL FLEXIBLE PACKAGING PRODUCTION (VOLUME), BY REGION
TABLE 14 EMULSION ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 15 EMULSION ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 024 (KILOTON)
TABLE 16 POLYURETHANE ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 17 POLYURETHANE ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 18 EPOXY ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 19 EPOXY ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 20 EVA ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 21 EVA ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 22 SILICONE ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 23 SILICONE ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 24 PLASTISOL ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 PLASTISOL ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 26 OTHER ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 27 OTHER ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 28 ADHESIVES & SEALANTS MARKET SIZE IN PAPER & PACKAGING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 29 ADHESIVES & SEALANTS MARKET SIZE IN PAPER & PACKAGING APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 30 ADHESIVES & SEALANTS MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 ADHESIVES & SEALANTS MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 32 ADHESIVES & SEALANTS MARKET SIZE IN WOODWORKING APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 33 ADHESIVES MARKET SIZE IN WOODWORKING APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 34 ADHESIVES & SEALANTS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 ADHESIVES & SEALANTS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 36 ADHESIVES & SEALANTS MARKET SIZE IN MEDICAL & HYGIENE APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 ADHESIVES & SEALANTS MARKET SIZE IN MEDICAL & HYGIENE APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 38 ADHESIVES & SEALANTS MARKET SIZE IN CONSUMER & DIY APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 39 ADHESIVES & SEALANTS MARKET SIZE IN CONSUMER & DIY APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 40 ADHESIVES & SEALANTS MARKET SIZE IN LEATHER & FOOTWEAR APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 41 ADHESIVES & SEALANTS MARKET SIZE IN LEATHER & FOOTWEAR APPLICATION, BY REGION, 2018–2021 (KILOTON)
TABLE 42 ADHESIVES & SEALANTS MARKET SIZE IN SEALANTS, ASSEMBLY & OTHERS APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 ADHESIVES & SEALANTS MARKET SIZE IN SEALANTS, ASSEMBLY & OTHER APPLICATIONS, BY REGION, 2018–2021 (KILOTON)
TABLE 44 ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 45 ADHESIVES & SEALANTS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
TABLE 46 APAC: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 APAC: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 48 CHINA: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 49 CHINA: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 50 REST OF APAC: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 51 REST OF APAC: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 52 EUROPE: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 53 EUROPE: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 54 GERMANY: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 55 GERMANY: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 56 FRANCE: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 57 FRANCE: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 58 ITALY: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 59 ITALY: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 60 UK: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 61 UK: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 62 REST OF EUROPE: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 63 REST OF EUROPE: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 64 NORTH AMERICA: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 65 NORTH AMERICA: ADHESIVES & SEALANTS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 66 US: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 67 US: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 68 REST OF NORTH AMERICA: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 69 REST OF NORTH AMERICA: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 70 ROW: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 71 ROW: ADHESIVES & SEALANTS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
 
 
LIST OF FIGURES (14 Figures)
 
FIGURE 1 CONFIRMED CASES AND DEATHS, BY COUNTRY
FIGURE 2 ILLUSTRATIVE CORONAVIRUS SCENARIOS HIGHLIGHT THE ADVERSE IMPACT ON GROWTH
FIGURE 3 ADHESIVES & SEALANTS MARKET: IMPACT OF COVID-19 ON APPLICATION INDUSTRIES
FIGURE 4 ADHESIVES & SEALANTS MARKET: RESEARCH DESIGN
FIGURE 5 ADHESIVES & SEALANTS MARKET SIZE ESTIMATION
FIGURE 6 ADHESIVES & SEALANTS MARKET, BY REGION
FIGURE 7 ADHESIVES & SEALANTS MARKET, BY APPLICATION
FIGURE 8 ADHESIVES & SEALANTS MARKET: BOTTOM-UP APPROACH
FIGURE 9 ADHESIVES & SEALANTS MARKET: TOP-DOWN APPROACH
FIGURE 10 ADHESIVES & SEALANTS MARKET: DATA TRIANGULATION
FIGURE 11 VALUE CHAIN OF ADHESIVES & SEALANTS INDUSTRY
FIGURE 12 DRIVERS AND RESTRAINTS IN THE ADHESIVES & SEALANTS MARKET
FIGURE 13 IMPACT OF COVID-19 ON ADHESIVES & SEALANTS COMPANIES PORTFOLIO
FIGURE 14 SEALANTS MARKET, BY END-USE APPLICATION (2019)

The study involved four major activities in estimating the current size of the global adhesives & sealants market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involved the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the impact of COVID-19 on adhesives & sealants market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The adhesives & sealants market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the adhesives & sealants market.

Following is the breakdown of primary respondents:

COVID-19 Impact on Adhesives & Sealants Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the adhesives & sealants market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze the impact of COVID-19 on the adhesives & sealants market by type, application, and region
  • To provide detailed information about the major factors (drivers and challenges) influencing the trends in the adhesives & sealants market during the COVID-19 phase
  • To analyze the impact of a prolonged pandemic on the supply-demand scenario of adhesives & sealants
  • To study the health and economic impact of COVID-19 on various industries
  • To analyze the shift in the expenditure of critical end-use applications of the adhesives & sealants such as paper & packaging, medical & hygiene, building & construction, and others
  • To examine the shift in revenue patterns of adhesives & sealants manufacturers in 2020 and their capabilities to address emerging demand during this global COVID-19 pandemic
  • To analyze the change in short-term strategies of manufacturers and end-users in the adhesives & sealants market
  • To track key developments, such as new product launches; partnerships, agreements, and collaborations, in context to the COVID-19 in the global adhesives & sealants market

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the adhesives & sealants market, by category

Company Information:

  • Detailed analysis and profiles of additional market players
Report Code
CH 7609
Published ON
Apr, 2020
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