Hybrid Adhesives & Hybrid Sealants Market - Forecast(2023 - 2028)

Report Code: CMR 15368 Report Format: PDF + Excel

Hybrid Adhesives & Hybrid Sealants Market Overview

The Hybrid Adhesives & Hybrid Sealants Market size is estimated to reach US$20.7 billion by 2027, after growing at a CAGR of 8.6% during the forecast period 2022-2027. The hybrid adhesives & hybrid sealants are a superior class of adhesives and sealants produced through hybrid technology and combining different classes of polymeric materials and resins such as epoxy cyanoacrylate, epoxy polyurethane, epoxy polysulfide, acrylics, polyvinyl acetate and others. The superior properties of hybrid adhesives & sealants such as good adhesion, mechanical endurance, temperature fluctuations resistance, excellent technical features and negligible VOC emissions are fueling its demand in the major end-use industries, majorly automotive. In addition, rapid advancement in construction & building activities and rapid development in infrastructural projects act as driving factors in the hybrid adhesives & hybrid sealants industry. Moreover, the environmental sustainability and demand for adhesives with negligible VOC emissions are propelling the demand in the market. The covid-19 outbreak resulted in major growth hamper in the hybrid adhesives & hybrid sealants market due to logistics restrictions, closure of building & construction sites, falling automotive production and other lockdown restrictions. However, significant recovery in major end-use sectors such as construction, transportation and other industries post-pandemic are boosting the demand for poly polycarboxylate polymer. Thus, the hybrid adhesives & hybrid sealants industry is anticipated to grow rapidly and contribute to the hybrid adhesives & hybrid sealants market size during the forecast period.

Hybrid Adhesives & Hybrid Sealants Market Report Coverage

The “Hybrid Adhesives & Hybrid Sealants Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Hybrid Adhesives & Hybrid Sealants Industry.

By Resin Type: MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate, Epoxy-Polysulfide and Others.
By Substrate: Plastics, Metal, Rubber, Composite and Others.
By Application: Flooring, Carpet Laying, Roofing, Façade, Wall Covering, Glazing, Structural Bonding and Others.
By End-Use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles [LCVs], Heavy Commercial Vehicles [HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructure), Aerospace (Commercial, Military and Others), Marine (Passenger Ships, Cargo Ships and Others), Metallurgy and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle-East (Saudi Arabia, UAE, Israel and Rest of the Middle-East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

  • The Asia-Pacific dominates the Hybrid Adhesives & Hybrid Sealants Market, owing to growth factors such as growing construction advancements, a flourishing base for transportation and urbanization, thereby boosting growth in this region.
  • The flourishing construction sector across the world is fueling the demand for hybrid adhesives & hybrid sealants for various applications such as roofing, flooring substrates, walls and others, thereby influencing the growth in the hybrid adhesives & hybrid sealants market size.
  • The demand for epoxy cyanoacrylate is significantly growing over other types such as epoxy polyurethane, epoxy-polysulfide, MS polymer, acrylics, polyvinyl acetate and others due to excellent adhesion, eco-friendliness, sustainability and corrosion resistance.
  • However, the limited opportunities due to a lack awareness of hybrid adhesives & sealants and the hike in raw material prices act as a challenging factor in the hybrid adhesives & hybrid sealants industry.

Figure: Asia-Pacific Hybrid Adhesives & Hybrid Sealants Market Revenue, 2021-2027 (US$ Billion)

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Hybrid Adhesives & Hybrid Sealants Market Segment Analysis – by Resin Type

The epoxy cyanoacrylate segment held a significant Hybrid Adhesives & Hybrid Sealants Market share in 2021 and is forecasted to grow at a CAGR of 8.5% during the forecast period 2022-2027. The demand for epoxy cyanoacrylate is comparatively high over types such as epoxy polyurethane, MS polymer hybrid, acrylics and others due to excellent bonding strength, robust curing and reduced assembly time. Moreover, the epoxy-cyanoacrylate provides fast-fixing and offers excellent bonding across various substrates such as plastics, metal, composites and others, thereby has flourished demand across major industries such as automotive, aerospace, construction and others. Thus, owing to excellent features and utilization in major industries, the epoxy-cyanoacrylate resin segment is expected to grow rapidly during the forecast period.

Hybrid Adhesives & Hybrid Sealants Market Segment Analysis – by End-use Industry

The building & construction segment held a significant Hybrid Adhesives & Hybrid Sealants Market share in 2021 and is forecasted to grow at a CAGR of 8.7% during the forecast period 2022-2027. The hybrid adhesives & hybrid sealants have fuelling demand in the construction sector for roofing, structural bonding, walls, flooring and others due to their environment-friendly features, excellent bonding, adhesion and water resistance. The building & construction industry is significantly flourishing owing to growth factors such as a rise in residential housing and accommodation projects, demand for modular construction projects, commercial building expansion and urbanization. For instance, according to the U.S. Census Bureau, residential construction spending in the US rose from US$797.728 in May 2021 to US$947,272 in May 2022. According to Statistics Canada, the investment in commercial construction rose by 1.7% in December 2021 compared to the previous year. With the increase in construction projects, the applicability of hybrid adhesives & hybrid sealants for roofs structures, glazing, flooring and others is rising, which, in turn, is anticipated to boost the growth prospects for the building & construction industry in the hybrid adhesives & hybrid sealants market during the forecast period.

Hybrid Adhesives & Hybrid Sealants Market Segment Analysis – by Geography

The Asia-Pacific held the largest Hybrid Adhesives & Hybrid Sealants Market share in 2021 up to 45%. The robust demand and lucrative growth scope for hybrid adhesives & hybrid sealants in this region are influenced by the growing construction sector, flourished manufacturing base and fast-paced infrastructural development and urbanization. The construction industry is significantly growing in APAC due to the rise in residential housing and development of commercial spaces, investments in various infrastructural projects and public transportation. For instance, according to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by 2025. According to World Bank data, the growth of the construction sector in the South Asia region is 6.6% in 2022. According to International Trade Administration (ITA), the construction sector in China is projected to grow by an annual average of 8.6% between 2022 and 2030. With the fast-paced development and production in the construction sector, the applicability of hybrid adhesives & hybrid sealants for carpet layment, wall covering, roofing, façade and others is growing, which, in turn, is projected to boost the growth scope for the Asia-Pacific region in the hybrid adhesives & hybrid sealants market and contribute majorly in the hybrid adhesives & hybrid sealants market size during the forecast period.

Hybrid Adhesives & Hybrid Sealants Market Drivers

Rapid Growth of the Automotive  Sector

Hybrid Adhesives & Hybrid Sealants have major applicability in the automotive sector for others due to their superior features such as negligible volatile organic compounds, adhesion, excellent bonding and corrosion resistance. The lucrative growth in the automotive sector is due to growth factors such as a rise in vehicle production, flourishing vehicle electrification and expansion of automotive manufacturing units. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), the production of passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles increased from 22,655,69 units in 2020-21 to 22,933,230 units in 2021-22 in India. According to the International Organization of Motor Vehicles Manufacturers (OICA), the total automotive vehicle global production increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. With the robust growth of automotive production, the demand for hybrid adhesives & sealants based on polysulfide, elastic adhesives, acrylics, epoxy-polyurethane and others for applicability in glazing, bonding, glass fiber, metal and other substrates and others is rising, thereby propelling the demand and driving the hybrid adhesives & hybrid sealants industry.

Flourishing Growth of the Aerospace Industry

Hybrid Adhesives & Hybrid Sealants have major demand in the aerospace sector for a wide range of applications involving engines, the interior & exterior of aircraft, coatings and others. The aerospace industry is enormously growing owing to growth factors such as rising air traffic, spiking aircraft production and rising income levels. For instance, according to the Federation Aviation Administration (FAA), the US aviation aircraft fleet is expected to grow from 205,870 aircraft in 2021 to 208,790 aircraft by 2041. According to Boeing Market Outlook (BMO), the aerospace sector increased from US$8.5 trillion in the year 2020 to US$9 trillion in 2021. With the rapid increase in aircraft production and demand in aerospace deliverables, the applications for hybrid adhesives & hybrid sealants in aircraft, helicopters and others are rising, which, in turn, is providing major growth scope and driving the hybrid adhesives & hybrid sealants industry.

Hybrid Adhesives & Hybrid Sealants Market Challenges

Limited Industrial Opportunities and Rise in Raw Material Price:

The hybrid adhesives & hybrid sealants have comparatively low acceptance from various end-users. The lack of awareness of product availability and applicability range across various industries is a challenging factor. In addition, the preference for conventional adhesives and sealants is still high owing to the negligence of the benefits offered by hybrid technology. The applicability is limited due to limited market opportunities in developed economies and comparatively low utilization as a a result of lack of awareness of the product. Moreover, the rise in price for raw materials such as polyurethane resin, silicone resin and others is hindering the growth scope and applicability. For instance, Shin-Etsu raised the silicone prices by a 10% increase in April 2022. Thus, owing to high prices for raw materials and poor awareness of the product, the hybrid adhesives & hybrid sealants industry anticipates a major challenge and slowdown.

Hybrid Adhesives & Hybrid Sealants Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hybrid Adhesives & Hybrid Sealants Market. The top 10 companies in the Hybrid Adhesives & Hybrid Sealants Market are:

1. Wacker Chemie AG
2. Sika AG
3. 3M Company
4. Hermann Otto GmbH
5. Kisling AG
6. American Sealants, Inc.
7. Novachem Corporation
8. Bostik
9. Tremco Illbruck GmbH & Co. KG.
10. Soudal

Recent Developments

  • In January 2022, DAP announced the launch of the latest advanced hybrid sealants that outperform the silicone type, combining the best features of polyurethane and silicone, with superior applicability in the extreme temperature range.
  • In February 2021, Bostik acquired Polipas, a leader in hybrid-technology sealants and adhesives, intending to provide high-quality sealing and bonding solutions in the construction sector.
  • In August 2019, Meridian Adhesives Group, a leader of hybrid adhesives and high-performance specialty epoxy, ethylene vinyl acetate hot melt and others, acquired Epoxies, Etc. to support the growth and expansion of its product portfolio and technology in the adhesives business.

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1. Hybrid Adhesives & Hybrid Sealants Market - Market Overview
    1.1 Definitions and Scope
2. Hybrid Adhesives & Hybrid Sealants Market - Executive Summary
    2.1 Key Trends by Resin Type
    2.2 Key Trends by Substrate
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Hybrid Adhesives & Hybrid Sealants Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Hybrid Adhesives & Hybrid Sealants Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Hybrid Adhesives & Hybrid Sealants Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Hybrid Adhesives & Hybrid Sealants Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Hybrid Adhesives & Hybrid Sealants Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Hybrid Adhesives & Hybrid Sealants Market – By Resin Type (Market size – US$ Million/Billion)
    8.1 MS Polymer Hybrid
    8.2 Epoxy-Polyurethane
    8.3 Epoxy-Cyanoacrylate
    8.4 Epoxy-Polysulfide
    8.5 Others
9. Hybrid Adhesives & Hybrid Sealants Market – By Substrate (Market size – US$ Million/Billion)
    9.1 Plastics
    9.2 Metal
    9.3 Rubber
    9.4 Composite
    9.5 Others
10. Hybrid Adhesives & Hybrid Sealants Market – By Application (Market size – US$ Million/Billion)
    10.1 Flooring
    10.2 Carpet Layment
    10.3 Roofing
    10.4 Façade
    10.5 Wall Covering
    10.6 Glazing
    10.7 Structural Bonding
    10.8 Others
11. Hybrid Adhesives & Hybrid Sealants Market - By End-use Industry (Market Size - US$ Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Vehicles (PVs)
        11.1.2 Light Commercial Vehicles (LCVs)
        11.1.3 Heavy Commercial Vehicles (HCVs)
    11.2 Building & Construction
        11.2.1 Residential
        11.2.2 Commercial
        11.2.3 Industrial
        11.2.4 Infrastructural
    11.3 Aerospace
        11.3.1 Commercial
        11.3.2 Military
        11.3.3 Others
    11.4 Marine
        11.4.1 Passenger Ships
        11.4.2 Cargo Ships
        11.4.3 Others
    11.5 Metallurgy
    11.6 Others
12. Hybrid Adhesives & Hybrid Sealants Market - By Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 the USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 the UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 the Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 the Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Hybrid Adhesives & Hybrid Sealants Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Hybrid Adhesives & Hybrid Sealants Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share by Key Country - Major companies
    14.3 Market Share by Key Application - Major companies
    14.4 Market Share by Key Product Type/Product category - Major companies
15. Hybrid Adhesives & Hybrid Sealants Market – Key Company List by Country Premium Premium
16. Hybrid Adhesives & Hybrid Sealants Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
1.1 MS Polymer Hybrid Market 2019-2024 ($M) - Global Industry Research
1.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Global Industry Research
1.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Global Industry Research
2.Global Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 (Volume/Units)
2.1 MS Polymer Hybrid Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Epoxy-Polyurethane Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Epoxy-Cyanoacrylate Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
3.1 MS Polymer Hybrid Market 2019-2024 ($M) - Regional Industry Research
3.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Regional Industry Research
3.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Regional Industry Research
4.South America Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
4.1 MS Polymer Hybrid Market 2019-2024 ($M) - Regional Industry Research
4.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Regional Industry Research
4.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Regional Industry Research
5.Europe Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
5.1 MS Polymer Hybrid Market 2019-2024 ($M) - Regional Industry Research
5.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Regional Industry Research
5.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Regional Industry Research
6.APAC Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
6.1 MS Polymer Hybrid Market 2019-2024 ($M) - Regional Industry Research
6.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Regional Industry Research
6.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Regional Industry Research
7.MENA Hybrid Adhesives & Hybrid Sealants Market By Resin Market 2019-2024 ($M)
7.1 MS Polymer Hybrid Market 2019-2024 ($M) - Regional Industry Research
7.2 Epoxy-Polyurethane Market 2019-2024 ($M) - Regional Industry Research
7.3 Epoxy-Cyanoacrylate Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
2.Canada Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
3.Mexico Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
4.Brazil Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
5.Argentina Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
6.Peru Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
7.Colombia Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
8.Chile Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
9.Rest of South America Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
10.UK Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
11.Germany Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
12.France Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
13.Italy Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
14.Spain Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
15.Rest of Europe Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
16.China Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
17.India Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
18.Japan Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
19.South Korea Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
20.South Africa Hybrid Adhesives & Hybrid Sealants Market Revenue, 2019-2024 ($M)
21.North America Hybrid Adhesives & Hybrid Sealants By Application
22.South America Hybrid Adhesives & Hybrid Sealants By Application
23.Europe Hybrid Adhesives & Hybrid Sealants By Application
24.APAC Hybrid Adhesives & Hybrid Sealants By Application
25.MENA Hybrid Adhesives & Hybrid Sealants By Application
26.Henkel AG & Co. KGaA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.3M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Illinois Tool Works Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Wacker Chemie AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Bostik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.H.B. Fuller, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Soudal, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Tremco Illbruck GmbH & Co. Kg., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Hermann Otto GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Permabond LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Dymax Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)