This study analyzes the transformative mega trends, disruptive technologies, and industry convergence scenarios that are expected to impact the coatings, adhesives and sealants, and elastomers (C.A.S.E.) market in 2022.
While supply chain disruption and spikes in raw material prices remain crucial challenges for stakeholders across the value chain, robust growth in certain end applications and faster recovery from the impact of COVID-19 pandemic in other end applications present growth prospects for these products.
In line with growth in end application segments, C.A.S.E. markets have experienced a V-shaped recovery after a decline in 2020. Following double-digit growth in 2021, expects C.A.S.E. markets to gradually stabilize in 2022. Before the COVID-19 pandemic, the global C.A.S.E. market had been growing at an average year-over-year rate of 5% since 2018. However, the spread of the virus worldwide since early 2020 significantly affected the total C.A.S.E. market because of country-wide lockdown measures and subsequent temporary closures of manufacturing, logistics, and sales activities.
As a result, the market registered a 4.5% decline in 2020, largely based on disruptions in the automotive, energy, and industrial end-use segments. However, the market quickly recovered in 2021, with the V-shaped growth curve attributed to demand from building and construction, paper and packaging, and renewable energy applications. Further recovery in the automotive, electrical and electronics, and industrial markets is likely to keep growth high in 2022.
This research service offers an investigation and analysis of the C.A.S.E. market at a global level. Demand for C.A.S.E. products has been widely influenced by various trends across end applications. The main end industries covered include construction, automotive and transportation, marine, footwear, energy, healthcare, furniture and DIY, packaging, industrial machinery, electrical and electronics, metal and glass processing, and pulp and paper. The highlights of 2021 and top trends of 2022 are discussed. Revenue forecasts are provided for each product group segment from 2018 to 2022, along with the market split by end application and region of each product group for 2022.
The study analyzes predictions from 2021, delivers the top 8 predictions for the C.A.S.E. market in 2022, and discusses the potential implications on various industry segments. The analysis lists major industry mergers and acquisitions in 2021, and regional analysis is provided for North America, Latin America, Europe, the Middle East and Africa, China, India, Japan, and Rest of Asia-Pacific. For each industry segment, market snapshots consist of 2020/2021 revenues, 2022 forecasted revenues, and percent revenue forecasts by region. In addition, the study provides overall key growth opportunities and companies to action for the total C.A.S.E. market. The base year is 2021, and the forecast period year is 2022.
Find out more: Global C.A.S.E. Outlook, 2022