Hybrid Adhesives & Sealants Industry Forecast and Size Analysis 2019-2025
Global Hybrid Adhesives & Sealants Industry was valued at USD 4.95 Billion in the year 2017. Global Hybrid Adhesives & Sealants Industry is further estimated to grow at a CAGR of 8.9 % from 2019 to reach USD 9.66 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development. Major market palyers in Hybrid Adhesives & Sealants Industry are Soudal, Bostik, Sika AG, Wacker Chemie AG, Henkel AG & Co. KGaA, 3M Company, TREMCO ILLBRUCK, H.B. Fuller, Illinois Tool Works Incorporation, Kisling AG, and brief overview of 9 companies is also provided. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT analysis of Hybrid Adhesives & Sealants Industry: Strength: Unavailability of New Polymeric Materials Weakness: Lack of acceptance from end users Opportunities: