Coatings, Adhesives, and Sealants:

Coatings, sealants, adhesives and various products used in their production (curing agents, thickeners, adhesion promoters, resins, tackifiers, masking and transfer adhesives, binders, additives, caulking compounds, etc.)

Coatings are used for protective and/or decoration purposes, and also have the ability to provide additional benefits such as corrosion resistance, fireproofing, and conductivity. The coatings market is broadly categorized into architectural coatings, industrial coatings, and special purpose coatings. Architectural coatings include consumer paints and varnishes and are primarily used in the building & construction sector for decorating and/or maintaining surfaces. Industrial coatings are applied at the time of manufacture of products and are generally classified as solvent-based, water-based, or powder coatings. They are used in a wide range of industries such as automotive, construction, power, oil & gas, and electronics. Special purpose coatings are specialty coatings that are developed for specific field applications. Examples include multi-color or metallic paints, traffic paints, and automotive refinish coatings. Major players in the coatings space include AkzoNobel, Sherwin-Williams, PPG Industries, Axalta, BASF, and Valspar.

Adhesives are used to form and maintain a bond between two surfaces. Sealants are used to fill gaps between two materials or to create a barrier to prevent the passage of liquids, solids, or gases. Adhesives and sealants are versatile products made from blends of natural and/or synthetic polymeric materials and additives, such as plasticizers, stabilizers, pigments, and others, to enhance certain characteristics and dependent on the end market use. Adhesives and sealants find usage in diverse industries including consumer products, packaging, footwear, electronics, furniture, construction, automotive, and aerospace industries among many others, with the growth of packaging, construction, and automotive industries being one of the driving factors for the growth of the global adhesives & sealants market. Major players in the adhesives & sealants space include Henkel, 3M, HB Fuller, Cytec Industries, Hitachi Chemical, Mitsubishi Chemical, Dow Chemical, Lord Corporation, and Avery Denison.

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