The rising need for sustainable chemical materials is driving the demand for Hybrid Adhesives and Sealants

Hybrid adhesives and hybrid sealants, also called polymer adhesives, are chemically strengthening adhesives developed based on the defining qualities within two or more families of polymeric resins. These adhesives and sealants are high strength elastomeric sealants having the combined properties of two or more sealants. They offer unparalleled properties, enhanced mechanical bearing, resistance to varying temperatures, and good adhesions. Hybrid adhesives and hybrid sealants offer several advantages: long-lasting joints, resilient and robust adhesion with low odor and residual substrate, and easy and clean application. These adhesives and sealants are typically water-resistant, contain no volatile organic compounds (VOCs), and do not degrade on exposure to UV. The ecofriendly nature of the sealants and adhesives has augmented their demand in the construction and automotive industries. 

Augmenting demand for sealants and adhesives in the construction and automotive industry due to frequent repair and maintenance activity and rapid infrastructure development drives the market growth. Hybrid adhesives play a pivotal role in the development of lightweight vehicles, and the surging demand for efficient and lightweight vehicles is propelling the need for hybrid adhesives and sealants. Additionally, the extensive research and development activities undertaken by the manufacturers to develop enhanced and innovative sealants and adhesives to overcome the limitations of the conventional materials is also boosting the market growth. Moreover, the rising demand for air travel and the expansion of airline networks have bolstered the demand for hybrid adhesives and sealants in aircraft manufacturing. This is, in turn, driving the growth of the market. With the rapid expansion of the automotive and construction sector in countries such as China, South Korea, India, and Taiwan, the demand for hybrid sealants and adhesives is significantly increasing in the Asia Pacific. 

The industry’s key manufacturers are engaging in extensive research and development activities and strategic alliances to expand the industry. Some of the prominent players of the industry are Wacker Chemie AG, Sika AG, Bostik, Henkel AG & Co. KGaA, Tremco illbruck GmbH & Co. KG., 3M Company, Illinois Tool Works Incorporation, Soudal, Kisling AG, and H.B. Fuller. In 2018, Bostik took a controlling share in Den Braven to augment its hybrid adhesives and sealants business. In 2017, Henkel added two hybrid adhesives and sealants to its portfolio developed by its patented hybrid technology to cater to a broad spectrum of assembly and design issues. In 2017, Soudal acquired MITOlL, a Slovenia-based manufacturer of hybrid adhesives, which added nearly 500 new superior technical adhesives to Soudal’s portfolio, thereby strengthening its foothold in the global hybrid adhesives and sealants market.

Read full press release at: https://www.reportsanddata.com/press-release/global-hybrid-adhesives-and-hybrid-sealants-market 

Surging demand for oil post the pandemic foreseen to trigger the global oilfield chemicals market growth

The oil & natural gas industry has been engaged in extensive exploration activities to develop a variety of fuel sources and raw materials in a bid to meet the requirements of manufacturers worldwide. Owing to a significant drop in the global oil demand triggered by the rapid adoption of renewables and gas technologies, oil companies have begun to focus on new drilling & extraction technologies lately to produce clean and sustainable energy.

Oilfield chemicals are high-performance chemical components that find pivotal applications in the oil & gas extraction operations. These chemicals specialize in drilling optimization, improved oil recovery, corrosion protection, drilling fluid stabilization in high-pressure and high-temperature environments, and preventing mud loss in different geological formations. These chemicals are extensively used across oilfields for oil and gas exploration and production operations, including drilling, cementing, fracturing, stimulation, and, eventually, production. Oilfield chemicals improve the efficiency of extraction operations in well-drilling and production facilities and enhance petroleum refining processes. Drilling fluids aid in the faster drilling of deep wells in challenging environmental conditions and help control the well pressure and provide buoyancy and cooling during the drilling process. Fibers, polymers, biocides, suspension and rheology chemicals, surface modifiers and fillers, specialty cement, and membrane-sealing solutions are the common examples of drilling fluids. Cementing refers to the preparation of wells for rigorous drilling and oil production. Oilfield chemicals help in circulation control, gas migration control, and prevent fluid loss during the cementing of wells. The practice of fracturing in the oil & gas industry has increased worldwide over recent years. It is an alternative to the traditional completion methods and facilitates oil production in more diverse locations. Specific polymers, breaker technology, crosslinkers, and specialty products like chelating agents and chemical diverters are the common oilfield chemicals used in this process. Furthermore, there are various specialty chemicals mainly designed for enhancing the stimulation process. Stimulation treatments are intended to restore or enhance well productivity.

Several factors are poised to boost the global oilfield chemicals market growth over the following years. A significant spike in crude oil production to meet the burgeoning demand for oil post-COVID-19, the surging need for specialty oilfield chemicals, rising oil & gas exploration activities, discovery of new oilfields, increasing deep-water drilling activities, technological enhancements in oil & gas extraction operations, and escalating expenditure on advancing oilfield chemical properties, such as stabilization, emulsification, and conditioning, are the key drivers for the market expansion. BASF SE, Royal Dutch Shell Plc, Halliburton, Baker Hughes, Schlumberger Limited, Ecolab Inc., Solvay S.A., Newpark Resources Inc., AkzoNobel NV, Lubrizol Corporation, Albemarle Corp., E I Dupont de Nemours and Company, Kemira Oyj, Huntsman Corporation, Clariant AG, Universal Oil Field Chemicals Pvt. Ltd., Champion Technologies, Chemcon Specialty Chemicals Pvt. Ltd., REDA Oilfield, Imperial Oilfield Chemicals Pvt. Ltd., and Stepan Company are among the leading players in this market. Germany-based BASF SE is one of the leading competitors, with the largest chemical site located in Ludwigshafen. In 2019, the company concluded its merger deal with the top American specialty chemicals manufacturer, Solenis. The merger was intended to expand BASF’s product portfolio and provide the oil & gas industry with cost-effective solutions.

Read full press release at: https://www.reportsanddata.com/press-release/global-oilfield-chemicals-market