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The Sealants and Adhesives Market is projected to grow from USD 63.2 billion in 2020 to USD 80.0 billion by 2025, at a CAGR of 4.8%. The major drivers for the market are increased demand for adhesives in the medical industry, increasing demand for adhesives & sealants from the building & construction industry, and growth in the appliances industry. The growing population and urbanization are driving the residential construction segment in developing countries such as China, India, Indonesia, Vietnam, Brazil, and Mexico. There is an increasing demand for permanent houses in these countries, which, in turn, is driving the demand for adhesives & sealants.
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The Sealants and Adhesives Market is projected to grow from USD 63.2 billion in 2020 to USD 80.0 billion by 2025, at a CAGR of 4.8%. The major drivers for the market are increased demand for adhesives in the medical industry, increasing demand for adhesives & sealants from the building & construction industry, and growth in the appliances industry. The growing population and urbanization are driving the residential construction segment in developing countries such as China, India, Indonesia, Vietnam, Brazil, and Mexico. There is an increasing demand for permanent houses in these countries, which, in turn, is driving the demand for adhesives & sealants.
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