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Answer : According to Precedence Research, the global adhesives and sealants market size is expected to be worth at US$ 44.1 billion and US$ 10.4 billion respectively in 2019.

Answer : The global adhesives and sealants market is growing at a CAGR of 6.7% and 6.1% from 2022 to 2027.

Answer : Water-based technology led the adhesives market accounting for nearly 50% of the volume in the year 2019.

Answer : Hot melt technology expected to witness a growth rate of approximately 6% over the analysis period because of its excellent properties.

Answer : Pressure sensitive applications of adhesives captured prominent value share of nearly 30% in 2019 due to prominent demand for automotive.

Answer : Some of the key players operating in the market are H.B. Fuller Company, 3M Company, Avery Dennison Corporation, Dow Chemical Company, Bostik SA, BASF AG, Uniseal Inc, ND Industries Inc., Beardow & Adams Adhesives Inc., Ashland Inc., Momentive Specialty Chemicals Inc., Eastman Chemical Company, and Sika AG among others.

Answer : The automotive adhesives predicted to register the highest growth over the forecast period owing to technological advancements that helped to reduce the overall weight of vehicles.

Answer : Rising trend of lightweight and low CO2 emitting vehicles supported by strict government regulations for environmental protection considered as the key factor that drives the market growth of adhesives and sealants. Automotive is one of the largest end-use industries of adhesives and sealants. Contribution of adhesives & sealants towards weight reduction of vehicles considered as the key factor that improves the fuel efficiency and limit the vehicle emission. Adhesives proved as a boon for OEMs (Original Equipment Manufacturers) in reducing weight of an automobile and meeting with stringent environmental regulations for CO2 emissions. However, North America and Europe have strict regulations regarding the production of petro-based and chemical products. Agencies such as the European Commis