Global Market for Adhesives to Reach US$38 Billion and Sealants to Reach US$6.5 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Adhesives and Sealants market. The global market for Adhesives and Sealants, by value is projected to reach US$38 billion and US$6.5 billion, respectively, by the year 2017. Growth in the market over the next few years will be driven by growing product penetration in new application markets, product differentiation, and innovations. Robust demand from developing markets, particularly Asia-Pacific, also augurs well for the market.

Adhesives and Sealants: A Global Strategic Business Report

Follow us on LinkedIn – Adhesives and Sealants are of great use across innumerable industrial and commercial applications. Given its high strung sensitivity to key end-use industries such as packaging, automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods, and shipbuilding, all of which succumbed to the recent economic recession led slowdown, the global market for adhesives and sealants too suffered significant declines in volume and value sales during the period. Decrease in consumer spending, declines in manufacturing output, and volatility in raw material costs witnessed during this period especially affected demand for adhesives and sealants during 2008 and 2009. Construction, automotive, electronics, and wood-working adhesive end-use witnessed the steepest declines, while packaging and disposable adhesives fared better. While steep deceleration in housing demand, decline in new house starts, sharp fall in number of applications for building permits and subsequent fall in construction activity squeezed market prospects for adhesives and sealants in the construction sector, the hurting fall in new vehicle sales and the resultant production cutbacks, plant closures, capacity idling, and scaling back of operating capacity reduced opportunities for adhesives and sealants in the automotive space.

The global adhesives and sealants market however staged a comeback in the year 2010 witnessing growth in both volume and dollar sales during the year. Innovation and product differentiation based on next generation technology, which assumed critical importance during difficult economic conditions will continue to drive growth in the market over the next few years. Next-generation technologies such as new VOC compliant adhesives and green adhesive and sealants, which made remarkable market entry in recent years, will continue to garner attention and demand from key end-use sectors, given the need for these industries to comply with industrial emissions, water and waste-water concentration and other environmental regulations. Constant pressure on adhesive prices especially throws the spotlight on product differentiation on the basis of formulation and technology. Companies will continue to focus on quality, technology, service, customization, worker safety, environmental improvement, and use of flexible formulations to differentiate their products.

The market will also be driven by growing penetration of adhesives and sealants in new application areas. Medical adhesives and sealants, for instance, are rapidly finding practical usage in newer application areas such as dental and surgical procedures, thereby driving growth in the overall market both in terms of volume and value sales. Specialty adhesives and sealants designed for specific consumer needs in niche markets are also fast gaining traction, thereby boosting market prospects further for the global market.

As stated by new market research report on Adhesives and Sealants, Europe represents the largest regional market for adhesives, both by volume and value sales. Asia-Pacific represents the fastest growing regional market for adhesives with volume sales from the region waxing at a CAGR of about 4.6% during the analysis period. Asia-Pacific is also the fastest growing regional market for sealants. Growth in the Asia-Pacific adhesives and sealants market is primarily led by China, given the infrastructure development investments and growing number of construction projects in the nation. By chemical type, Styrene Butadiene Rubber Adhesives is the fastest growing product segment, by volume sales in the adhesives category, while Latex Sealants is the fastest growing product segment by volume sales in the sealants category.

Major players in the marketplace include 3M Company, Acucote Inc., Adhesives Research Inc., AkzoNobel Chemicals B.V., Ashland, Inc., Avery Dennison Corporation, BASF SE, Bayer MaterialScience AG, Beardow and Adams (Adhesives) Ltd., Bolton Group, Bostik Inc., Chemence Ltd., Collano AG, Creative Materials Inc., DIC Corporation, The Dow Chemical Company, DYMAX Corporation, Dynea International Oy, ExxonMobil Chemical Company, Ferro Corporation, Franklin International Inc., H.B. Fuller Company, Henkel Corporation, Huntsman Polyurethanes, ITW Performance Polymers Consumer Division, Konishi Co., Ltd., LORD Corporation, MACtac, Mapei S.p.A., Momentive, PPG Aerospace, RPM International, Inc., Sartomer Company, Inc., Scapa Group Plc., Shurtape Technologies, LLC, Sika AG, Super Glue Corporation, Tesa AG, United Resin Corporation, Wisdom Adhesives Company, among others.

The research report titled “Adhesives and Sealants: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, competition, drivers, technology trends, product overview, product introductions/innovations, and recent industry activity. The study provides market estimates and projections in value (US$) and volume (Pounds) for geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World. By chemical type, Adhesives market is analyzed by following segment Styrene Butadiene Rubber, Phenolic, Polyolefin, Epoxy, Starch & Dextrin, Acrylic (Cyanoacrylic & Others, Acrylic PSA, and Acrylic Emulsion), Urea Formaldehyde, Polyvinyl Acetal, Polyvinyl Acetate, Neoprene, Thermoplastic Rubber, Polyurethane, Natural Rubber, Protein, Furan, Polyvinyl Chloride, Reclaimed Rubber, Silicate, Silicone Rubber, Polyamide, Polyvinyl Alcohol, Nitrile, Butyl Rubber & PIB, Polyester, Ethylene, Bitumen, and Miscellaneous. Market for Sealants are analyzed by chemical types, such as, Anaerobic, Acrylic, Latex, Bitumen, Butyl Rubber, Epoxy, Oleoresinous, Polysulphide, Polyurethane, Polyvinyl-based, Polyvinyl Alcohol, Polyvinyl Chloride-based, Reclaimed Rubber, Silicone, Styrene Butadiene Rubber, Thermoplastic Rubber, and Miscellaneous.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Adhesives_and_Sealants_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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