San Francisco, California (PRWEB) May 07, 2014
Asia Pacific adhesives and sealants market is expected to reach USD 18.79 billion by 2020, according to a new study by Grand View Research, Inc. Positive demand outlook from key end use industries including automotive and construction, mainly in China and India, is expected to be a key driving force for the market over the next six years. Tight raw material supply coupled with an unfavorable regulatory scenario for key export markets is expected to inhibit growth over the forecast period.
Water-based dominated the technology landscape and accounted for 46.4% of total market volume in 2013. Along with being the largest technology segment, water-based adhesive is also expected to be the fastest growing technology in Asia Pacific, at an estimated CAGR of 6.8% from 2014 to 2020.
The report “Asia Pacific Adhesives and Sealants Market Analysis By Technology (Water-Based, Solvent-Based, Hot Melt, Reactive), By Product (Acrylic, PVA, Polyurethane), By Application (Pressure Sensitive Applications, Construction, Automotive) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/asia-pacific-adhesives-and-sealants-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented Asia Pacific adhesives and sealants market on the basis of technology, product, application and region:
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