Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Adhesives & Sealants for Handheld Devices Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Adhesives & Sealants for Handheld Devices Market – Overview
Adhesives & Sealants are those material which are used to hold two surfaces together. Adhesives are predominantly used to bond surfaces in permanent manner whereas sealants are used to fill the gap after application of adhesive. These are majorly utilized in end use application such as laptops, mobile phones & tablets, medical devices, hard disc drives, and others. The Adhesives & Sealants for Handheld Devices market is predicted to grow significantly and register a strong growth during the assessment period. Growth of global Adhesives & Sealants for Handheld Devices market is considerably driven by medical and electronics market. Furthermore, electronics industry is predicted to witness significant growth due to numerous factors such as rising population, growing disposable income, and increasing popularity of gaming and detachable laptops. Hot melt adhesives are a kind of humidity resistance adhesive and find wide application scope in tablets, smart watches, smartphones, and tablets. With the above mentioned reason, hot melt adhesive is predicted to register healthy growth over the assessment period. Pressure sensitive adhesive is expected to register strong growth on account of its wide utilization in medical devices such as blood glucose monitoring strips.
Geographically, Asia Pacific emerged as the leading market for Adhesives & Sealants for Handheld Devices followed by North America and Europe in 2016 in terms of value and volume. The Asia Pacific region offer huge growth potential for Adhesives & Sealants for Handheld Devices and is estimated to register strong growth on account of continuous growth of electronics and medical industry specifically in China, Japan, and South Korea. Furthermore, rising investment by key market players and shifting their manufacturing base is estimated to propel the Adhesives & Sealants for Handheld Devices regional market growth. North American market is expected to witness substantial growth due to expansion of medical sector. Europe is estimated to witness steady growth on account of moderate growth of medical and electronics industries.
Henkel AG & Co. KGaA, 3M, Evonik Industries AG, Dow Corning Corporation, H.B. Fuller, Novachem Corporation ltd., Tangent Industries, Inc., Sika AG, Royal Adhesives & Sealants, AVERY DENNISON CORPORATION among others are some of the prominent players at the forefront of competition in the Global Adhesives & Sealants for Handheld Devices Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
September 2017- H.B. Fuller Company engaged an agreement to acquire Royal Adhesives & Sealants, one of the leading manufacturer of adhesive & sealant. The company will be focusing on increasing business growth rates and to grow in engineering adhesive market. With this acquisition the company expand its business in Europe, North America, and China.
August 2017- SIKA AG acquired ABC Sealants, one of the leading Turkish based manufacturer of adhesives & sealants. This acquisition will help SIKA’s strategy to enhance its position in the Middle East and Africa market.
June 2016- Royal Adhesive & Sealants LLC acquired Bacon Adhesive LLC. Bacon Adhesive LLC is involved in the manufacturing of electrically and thermally conductive adhesive which is used in satellite, defense and electronics application. With this acquisition, the company increase its presence among the manufacturers of adhesive & sealants for electronics application. The company will be able to meet the demand for increasing adhesive & sealant across the globe.
January 2016- Royal Adhesives & Sealants, LLC acquired Adhesive Systems Inc., a Frankfort, IL-based manufacturer of adhesives. The company is predicted to fuel Royal Adhesives & Sealants growth strategy for global expansion.
October 2017- Henkel Adhesive Technologies launched two products named as LOCTITE ABLESTIK EMI 8660S and LOCTITE ABLESTIK EMI 8880S. With this product launch the company enhance its product portfolio and strengthen its position in coating market across the globe.
The Adhesives & Sealants for Handheld Devices report analyses the degree of competition among the key players as well as industry growth and market scenario. The global Adhesives & Sealants for Handheld Devices market comprises of numerous players operating in the market including large scale and medium size manufacturers. This industry is concentrating towards growth association specifically by Asia Pacific as medium scale and major operating players are from this region specifically from China, South Korea, and Japan. In addition to this, Adhesives & Sealants for Handheld Devices producers from matured markets of Europe and North America are planning to expand their manufacturing base to Asia Pacific region to meet the growing demand for Adhesives & Sealants for Handheld Devices in this region. Moreover, manufacturers operating in this region are expanding their production capacity in order to strengthen their position and to meet the demand for increasing electronics sector. Furthermore, the market is increasing with a substantial growth rate which raises the competitive rivalry among the industry players.