Market Trends

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The global aerospace sealants market is experiencing growth due to a rise in demand for aircraft and the surge in interest in space exploration and the increasing number of satellite launches. 

A new study by SkyQuest reports that the global adhesives and sealants market is projected to grow at a compound annual growth rate (CAGR) of 6.0% in the forecast period of 2024 to 2031.

The U.S. Department of Housing and Urban Development and the U.S. Census Bureau have released data indicating a rise in sales of newly built, single-family homes in the month of July.

Findings from a survey conducted by Umpqua Bank indicate that companies are continuing to adopt artificial intelligence (AI) into their business practices. 

The market's growth is fueled by consumer lifestyle changes, industry demand, and technological advancements, with a strong focus on sustainability.

The National Association of Home Builders (NAHB) predicts that the pace of new home sales will be under pressure in April as mortgage rates moved above 7% in April. 

A new report suggests that pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February, reaching their highest level since April 2022. 

According to recently published market research data, the global market for electronic adhesives will increase at a 5.8% CAGR from 2023 to 2033.

A newly released report estimates that the global specialty adhesives market size was valued at $4.7 billion in 2022 and is anticipated to grow at a CAGR of 4.7% from 2023 to 2032.

The global bio-adhesives market is expected to grow due to the advancement of biotechnology, increasing environmental regulations, and the growth of the packaging industry.