Sealants and Adhesives Market Will Register Moderate Growth Owing to Continuous Demand from Automotive and Furniture Industries
According to a new market research report from Transparency Market Research (TMR), the value of the global adhesives and sealants market for set to grow at a CAGR of 5.7% in the forthcoming years. Based on the collected information, industry experts have compiled a report titled “Adhesives and Sealants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018”. According to the report, the adhesives and sealants market, which stood at US$22.70 billion in 2012, is projected to be worth US$31.64 billion by the end of 2018.In terms of volume produced, the market for sealants and adhesives will grow at 4.4% CAGR over the forecast period between 2012 and 2018. Global sealant consumption is expected to increase from 1,700.5 kiloton in 2012 to 2,208.2 kiloton before 2018 ends.
Browse the full Adhesives and Sealants (Acrylic, PVA, PU, Epoxy, EVA, Silicones) Market for Construction, Automotive, Packaging, Assembly, Pressure Sensitive Tapes and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018 report at https://www.transparencymarketresearch.com/adhesives-sealants-market.html
It is observed by the analysts that the expansion of the major end-use industries for the adhesives and sealants market, such as construction, automotive, and packaging will bolster the growth opportunities for adhesives and sealants. However, it is also noted in the publication that growing environmental concerns have prompted leading industries to move away from the usage of adhesives and sealants derived from petroleum to the development of more eco-friendly and bio based alternatives. Among the major geographic markets for adhesives, Asia Pacific registered maximum demand in 2012. The region accounted for 40% of the overall market. Moreover, Asia Pacific is expected to remain the undisputed market leader over the forecast period as well. The report suggests the region will register growth at 5.2% CAGR between 2012 and 2018. Asia Pacific also led the global sealants market with a 36.4% overall market share in 2012, followed by Europe and North America. The sealants market in North America has already reached a point of saturation and will register only a moderate rise in demand in the near future.
Among the various product segments, acrylic-based adhesives emerged as the largest market segment by segment in addition to registering the fastest rate of growth. The segment accounted for 35.4% of the total volume of adhesives consumed globally in 2012. In the sealants market, silicone-based sealants will emerge as the fastest growing segment. The segment is expected to grow at a 5.0% CAGR over the forecast period. In terms of application, packaging, construction, automotive, and pressure-sensitive accessories and tapes are the major segments in the global market for adhesives and sealants. Furniture is expected to emerge as the fastest growing market for adhesives between 2012 and 2018, registering growth at a 5.9% CAGR. The global market for sealants, on the other hand, will be led by the automotive industry, which is expected to register growth at a 5.3% CAGR over the forecast period from 2012 to 2018.
Some of the leading vendors in the global adhesives and sealants market are Dow Chemical Company, Henkel, BASF, and 3M among others.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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