Adhesives and sealants are typical bonding agents used in various industries such as packaging, construction, footwear, automotive and many more. Adhesives and sealants are highly versatile in their use. In the overall adhesives and sealants market, adhesives share more than 70% of the market.
The global market for adhesives was valued at approximately USD 21,300 million in 2010 and is expected to reach market revenues of USD 31, 660 million by 2018, growing at a CAGR of 5.1% from 2013 to 2018. Whereas, the global market for sealants was valued at approximately USD 5,665 million in 2010 and is expected to become a market worth USD 7934.6 million by 2018, at a CAGR of 4.9% from 2013 to 2018.
The major factors driving the global market for adhesives and sealants include the growing demand from end use industries such as packaging, construction, automotive and many more. Other factors which are impacting the positive growth of the market include the need for good performance materials across various industries. The volatile price of raw materials and regulatory issues regarding their impact on the environment is acting as the major factors restraining the market.
Huge opportunities lie in the growing packaging, construction and automotive market of Asia Pacific mainly due to strong emergence of demand from growing economies of India and China. Technological advancement for developing new types of adhesives and sealants for niche applications also provides immense opportunities for market players.
The global market for sealants and adhesives is led by Asia Pacific, followed by North America and Europe. Asia Pacific along with being the biggest market is also the fastest growing market for adhesives and sealants. The global adhesives and sealants market by applications was led by pressure sensitive applications sharing close to 25% of the overall market in 2010. Pressure sensitive applications were followed by packaging, sharing 17.5% of the overall market for the same year. Other applications for adhesives and sealants are found in building and construction, automotive, woodwork and furnishing and footwear markets.
Some of the major players in the global adhesives and sealants market include BASF, Bayer, Sika AG, Dow Chemical, HB Fuller, AkzoNobel and many more.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides an overview of the pricing trend and its impact on the market