It has been a moderate year for the adhesives and sealants industry, according to a new report from Research and Markets. As industrial sectors and the housing market showed moderate growth, manufacturers of adhesives and sealants have also reported a moderate increase in demand. The transportation and construction markets are reportedly growing at a significantly slower rate, which has had a negative impact on other segments of the adhesives and sealants market.
Increased demand for adhesives and sealants is driven by the emergence of new market applications that have resulted from evolving and improving assembly processes. Growth opportunities have reportedly been brought about by a shift from major forms of industrial joining such as welding and mechanical fastening to adhesive bonding in major industries such as automobiles.
Similarly, miniaturization of components in the electronics industries has enabled the use of adhesives to replace soldering and brazing in these industries. Nano-engineered adhesives and sealants that combine superior mechanical properties with wear resistance and dimensional stability are increasing the demand for adhesives in various industries.
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