The global market for adhesives and sealants is
expected to reach USD 43,195.5 million by 2020, according to a new study by
Grand View Research, Inc. Growth of construction, automotive and packaging
industries, mainly in China, India and Brazil is expected to drive the demand
for both adhesives and sealants over the forecast period. However, fluctuation
in prices of key feedstocks is expected to remain a primary challenge for
industry participants. In addition, stringent regulatory framework, mainly in
the U.S. and Europe, owing to growing environmental concerns is expected to
hinder the market growth over the next six years. In order to overcome the
aforementioned challenges, the industry has been shifting its focus towards
developing renewable alternatives to petroleum based adhesives and sealants.
Renewable adhesives and sealants are produced using vegetable oils and are
environmental friendly in nature.
Water based adhesives dominated the
global market, accounting for over 46% of total market volume in 2013. Water
based adhesives have low environmental impact with no VOC emissions, a key
factor for their high market penetration. Water based adhesives are expected to
completely replace solvent based adhesives in the U.S. and European markets
over the next decade. Water based adhesives are also expected to be the fastest
growing technology, at an estimated CAGR of 5.4% from 2014 to 2020. The global
market for hot melt adhesives is expected to reach 2,379.9 kilo tons by 2020,
growing at an estimated CAGR of 5.1% from 2014 to 2020.
 |
China adhesives market volume by technology,
2012-2020 (Kilo Tons)
|
In depth
research report on adhesives and sealants market
http://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market
http://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market
Further key findings from the study suggest:
·
The global
market for adhesives was 8.976.6 kilo tons in 2013 and is expected to reach
12,392.2 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020. On the
other hand, the global market for sealants was 1,764.5 kilo tons in 2013 and is
expected to reach 2,371.5 kilo tons by 2020, growing at a CAGR of 4.3% from
2014 to 2020.
·
Acrylic
adhesives emerged as the leading product segment in the overall market for
adhesives and accounted for 36.9% of total market volume in 2013. Acrylic
adhesives are also expected to be the fastest growing adhesive product at an
estimated CAGR of 5.3% from 2014 to 2020. Acrylic adhesives were followed by
Polyvinyl Acetate (PVA) adhesives which accounted for 28.1% of total market
volume in 2013. Silicones emerged as the leading product in the overall
sealants market and accounted for 30.3% of total market volume in 2013. Along
with being the largest product segment, silicones are also expected to be the
fastest growing, at an estimated CAGR of 4.9% from 2014 to 2020.
·
Pressure
sensitive applications emerged as the largest segment and accounted for 29.1% of
total market volume in 2013. However, furniture is expected to be the fastest
growing market for adhesives at an estimated CAGR of 5.9% from 2014 to 2020.
Growing disposable income level in China, Brazil and India is expected to drive
the demand over the forecast period. Construction remained the largest
application segment for sealants and accounted for 27.3% in 2013. Automotive
followed construction and accounted for 19.2% of total sealants market volume
in 2013.
·
Asia Pacific
dominated both, adhesives and sealants demand and accounted for 42.6% and 39.2%
of total market in 2013, respectively. Europe followed Asia Pacific in the
overall market and accounted for over 28% of total market volume in 2013. Asia
Pacific is also expected to be the fastest growing regional market for
adhesives and sealants, at an estimated CAGR of 5.9% and 5.3% from 2014 to
2020, respectively.
·
The global
market for adhesives and sealants is dominated by multinational corporations,
present across the value chain. The global market is fairly concentrated with
top four companies including Henkel, 3M, HB Fuller and Dow Chemical Company,
which accounted for nearly 48% of total market in 2013. Some other key
companies operating in the global market include Avery Dennison, BASF, Eastman
Chemical Company, Bostik SA, Ashland Inc. and Ellsworth Adhesives.
For the purpose of this study, Grand
View Research has segmented the global adhesives and sealants market on the
basis of technology, product, application and region:
Global Adhesives Technology Outlook
·
Water-Based
·
Solvent-Based
·
Hot Melt
·
Reactive
& Other
Global
Adhesives Product Outlook
·
Acrylic
·
PVA
·
Polyurethane
·
Styrenic
Block
·
Epoxy
·
EVA
·
Others
Global
Adhesives Application Outlook
·
Pressure
Sensitive Applications
·
Packaging
·
Construction
·
Furniture
·
Footwear
·
Automotive
·
Others
Adhesives
Regional Outlook
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
Middle
East & Africa
Global
Sealants Product Outlook
·
Silicones
·
Polyurethane
·
Acrylic
·
PVA
·
Others
Global Sealants
Application Outlook
·
Construction
·
Automotive
·
Packaging
·
Assembly
·
Pressure
Sensitive Tapes
·
Consumer
·
Others
Sealants
Regional Outlook,
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
· Middle East Africa
Browse more research
reports of this category:
About Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports,
please visit: http://www.grandviewresearch.com/
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