Transparency Market Research published new
market report "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", the global market for
adhesives was valued at USD 22.70 billion in 2012 and is expected to reach USD
31.64 billion by 2018, growing at a CAGR of 5.7% from 2012 to 2018. The global
sealant consumption was 1,700.5 kilo tons in 2012 and is expected to reach
2,208.2 kilo tons by 2018, growing at a CAGR of 4.4% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/adhesives-sealants-market.html
The growth of
major end use industries such as packaging, construction and automotive is
expected to boost the market for adhesives and sealants. In order to reduce
reliance on synthetic (petroleum derived) adhesives and sealants, major
industry participants have been shifting their focus towards developing
bio-based or environment friendly alternatives.
Asia Pacific
dominated the global adhesives market and accounted for over 40% of the total
adhesives market in 2012. Asia Pacific is also expected to be the fastest
growing market, at an estimated CAGR of 5.2% from 2012 to 2018. The region also
led the sealants market with 36.4% share of the global market in 2012. Asia
Pacific was followed by Europe and North America, in terms of consumption in
2012. North America is a saturated market and is expected to show moderate
growth over the forecast period.
Acrylic based
adhesives emerged as the fastest growing and the largest consumed product that
accounted for 35.4% of the total adhesives consumed in 2012. Silicone based
sealants dominated the market in 2012 and are expected to be the fastest
growing product segment, at an estimated CAGR of 5.0% from 2012 to 2108.
Polyurethane sealants (PU-Sealants) accounted for 28% of the global sealant
demand in 2012.
Adhesives and
sealants find applications in construction, packaging, automotives, pressure
sensitive accessories and tapes, etc. Furniture is expected to be the fastest
growing market for adhesives at a CAGR of 5.9% from 2012 to 2018. On the other
hand, automotive industry is expected to be the fastest growing market for
sealants at an estimated CAGR of 5.3% from 2012 to 2018.
Some of the key
manufacturers of adhesives and sealants include 3M, Henkel, BASF, Dow Chemical
Company among others.
The report
segments the global adhesives market as,
Adhesives Market: Product
Segment Analysis,
- Acrylic
- PVA
- Polyurethanes
- Styrenic block
- Epoxy
- EVA
- Other (including silicones, polyisobutylene)
Adhesives Market: Application
Segment Analysis,
- Pressure sensitive applications
- Packaging
- Construction
- Furniture
- Footwear
- Automotive
- Other (aerospace, electronics, etc)
Adhesives Market: Regional
Analysis,
- North America
- Europe
- Asia Pacific
- Rest of the World (Africa, Middle East and Latin
America)
The report
segments the global Sealants market as,
Sealants Market: Product
Segment Analysis,
- Silicones
- Polyurethanes
- Acrylic
- Polyvinyl acetate
- Other (including polysulphide, EVA, etc)
Sealants Market: Application
Segment Analysis,
- Construction
- Automotive
- Packaging
- Assembly
- Pressure sensitive tapes
- Consumers
- Other (aerospace, electronics, etc)
Sealants Market: Regional
Analysis,
- North America
- Europe
- Asia Pacific
- Rest of the World (Africa, Middle East and
Latin America)
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