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(EstateNewsWire.com, August 17, 2018 ) Industry Trend Analysis
Adhesives and sealants market is anticipated to garner 70 Billion by 2025, while registering itself at a substantial Compound Annual Growth Rate (CAGR) during the forecast period. One of the major market driving factor is steady growth in the end-user industry like automotive, construction, and packaging. Due to the ecological threats pertaining to synthetic form of adhesives and sealants, the global industry of this market is aiming on developing bio-based products.Additionally, primary advantage of used bio-based products is that they reduce the amount of carbon footprints and therefore resulting as a huge competitive advantage over their synthetic vis-à-vis.Bio-based products comprise of vegetable-based polyamides, soybean-derived polyols, epoxies and polyisoprenes. Research says that adhesives and sealants market and its respective applications have witnessed a substantial growth in the past few years, for instance, in 2014, it was accountable for 9.39 million tons and 1.84 million tons respectively. Widespread application of these products coupled with development in technology will lucratively effect the growth of this industry. With bulk demand experience from BRICS economies, automobiles and construction industries are huge consumers of adhesives and sealants. Study suggests that the amount of money spent on construction in Asia Pacific regions of India and China was nearly 425 billion and 1.6 trillion respectively.Sealants are used in fire protection applications and facades, while adhesives are applied in partition, panels and insulation. Resilient trend towards its growth in terms of wealth spent on infrastructure owing to escalated population and rapid industrialization, ought to support the growth of this market industry. Adhesives and sealants are used in panel laminating application in the vehicle industry. Lucrative stance in the direction of growth in vehicle sales having robust application of regulations to decrease automotive weight, must propel adhesives and sealants market size.
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Technology Outlook and Trend Analysis
The water-based adhesives and sealants segment has been dominating the overall market and is said to do so further during the forecast period. Ascending ecological problems owing to exposure to oncogenic fillings at the time of manufacturing process will promote the waterborne technology since it expels less VoC emissions and reduces the cost of functioning. Hot melt adhesives market will forecast profits more than XX% by 2025. It forbids emissions of VoC and shows exclusive adhesion properties in comparison with solvent-based technology. Reactive technology is primarily used in electrical industries and its use in ratio is much less than the others. Nevertheless, the products which are based out of reactive technology have better heat resistance and comprise of amazing bond-strength.
Product Outlook and Trend Analysis
Acrylic adhesives and sealants segment is expected to witness highest market growth followed by PVA adhesives. In 2014, this segment was accountable for over 35% of the overall demand. Along with great bonding properties, this product has rapid setting time. These materials are mainly used in the producing waterborne curing technology and UV light.
In 2015, PVA adhesives market was worth more than 2.5 million tons. This product is made by polymerization of vinyl acetate monomer. PVA adhesives are used for absorbent materials which include wood, paper, cloth and also as consolidator for permeable building stone. Also, silicone sealants market segments was worth more than 2 billion in 2015. Constantly increasing industrialization in BRICS countries will drive this market segment further. Silicone sealants’ primary characteristics include corrosion and chemical resistance and has water repelling properties.
Polyurethane (PU) sealants market size will probably experience more than XX by 2025 and will grow at an average rate. Market size of EVA adhesives will hold a considerable portion of the overall share and is expected to consume substantial size by 2025. Lastly, epoxy adhesives market size will mature significantly during the forecast period.
Regional Outlook and Trend Analysis
In 2015, Asia Pacific garnered over 40% of the total adhesives and sealants market share. China adhesives market was more than 5 billion. This region’s market is said to lucratively grow owing to favorable regulations boosting the overall growth coupled with FDI strategies to propel the end user industries. Rising end-user industries such as automobile, packaging and construction is anticipated to encourage the growth in Asia Pacific region.
In the entire US adhesives market, North America dominated the overall market and will continue to do so during the forecast period till 2025, owing to increase in investment in construction coupled with rise is automobile sales in this region. There is more need for waterborne adhesives along with increasing demand for furniture, footwear, and applications pertaining to pressure sensitiveness. With enhancements in technology and having more number of manufacturers in this region, the market is expected to flourish more rapidly during the forecast period.
Europe market for sealants is said to have the highest demand and fetch more regional revenue during the forecast period, owing to existence of major automotive industries in France and Germany.
Competitive Insights
In the recent past, integration through mergers and acquisitions in all levels of value chain had had a huge impact on the adhesives and sealants market on the global level. Some of the major market manufacturers of this market are HB Fuller, Illinois Tool Works Inc., Dow Chemical Co., Eastman Chemical, Sika AG, 3MCompany , Ashland, Henkel AG & Company, N.D. Industries, RPM International Inc., BASF, Acucote, Uniseal, Creative Materials, Bayer, Franklin International, Avery Dennison and Bostik Ltd. Out of these 3M Company, Dow Chemical Co., and H.B. Fuller attributed for more than 48% of the overall market. Latest merger of Novameltgmbh, a German company and Henkel, has reinstated Henkel’s place as one of the leading market players of this industry. Companies like Avery Dennison and BASF have constituted their existence by implementing methods so as to withstand and develop bio-based products.
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Adhesives and Sealants Market is Segmented as follows -
Adhesives by Technology
Water-Based
Vinyl Acetate Copolymer
Acryl Emulsion
Vinyl Acetate
Others
Solvent-Based
Resins
Vinyl Acetate
Rubber
Others
Hot Melt
Rubber
Ethylene Vinyl Acetate (EVA)
Others
Reactive
Adhesives by Product
Styrenic Block
Acrylic
Polyurethane
PVA
EVA
Epoxy
Others
Adhesives by Application
Furniture
Footwear
Packaging
Construction
Pressure Sensitive Applications
Automotive
Others
Adhesives By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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