Albany, New York (PRWEB) September 23, 2013
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.
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.
Browse the full report with TOC at http://www.transparencymarketresearch.com/adhesives-sealants-market.html
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.
Related Report :
Latin America Adhesives and Sealants Market : http://www.transparencymarketresearch.com/latin-america-adhesives-sealants.html
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.
The global adhesive and sealants market is primarily driven by consistent growth in its major end-use industry such as construction, automotive and packaging. Owing to the environmental hazards related with synthetic form of adhesives and sealants, industry is now focusing on development of bio-based products.
This report provides a detailed description of the global adhesives and sealants market in terms of volume share (Kilo Tons) and revenue (USD Million) for the period from 2011 to 2018. The report highlights the key driving and restraining factors with its impact analysis on the market. Individual detailed forecasts have been given for the years 2012-2018 for both adhesives and sealants market separately for better understanding.
The study includes analysis for various market segments based on products and applications of adhesives as well as sealants. The study provides forecast and estimates for each product and application segment in terms of revenue and volume over forecast period from 2012 to 2018. For geographic analysis, the market has been segmented as - North America, Asia Pacific, Europe and Rest of the World (RoW).