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Adhesives and Sealants Market To Gain From Enhanced Demand In Construction, Automotive And Packaging Industries Till 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, global market for adhesives and sealants is expected to reach USD 43,195.5 million by 2020, demand was 8.976.6 kilo tons in 2013 and is expected to reach 12,392.2 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

The global market for adhesives and sealants is expected to reach USD 43,195.5 million by 2020, according to a new study by Grand View Research, Inc. Growth of construction, automotive and packaging industries, mainly in China, India and Brazil is expected to drive the demand for both adhesives and sealants over the forecast period. However, fluctuation in prices of key feedstocks is expected to remain a primary challenge for industry participants. In addition, stringent regulatory framework, mainly in the U.S. and Europe, owing to growing environmental concerns is expected to hinder the market growth over the next six years. In order to overcome the aforementioned challenges, the industry has been shifting its focus towards developing renewable alternatives to petroleum based adhesives and sealants. Renewable adhesives and sealants are produced using vegetable oils and are environmental friendly in nature. 

Water based adhesives dominated the global market, accounting for over 46% of total market volume in 2013. Water based adhesives have low environmental impact with no VOC emissions, a key factor for their high market penetration. Water based adhesives are expected to completely replace solvent based adhesives in the U.S. and European markets over the next decade. Water based adhesives are also expected to be the fastest growing technology, at an estimated CAGR of 5.4% from 2014 to 2020. The global market for hot melt adhesives is expected to reach 2,379.9 kilo tons by 2020, growing at an estimated CAGR of 5.1% from 2014 to 2020.   

Full research report on global adhesives and sealants market Analysis: http://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market

Further key findings from the study suggest:

  • The global market for adhesives was 8.976.6 kilo tons in 2013 and is expected to reach 12,392.2 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020. On the other hand, the global market for sealants was 1,764.5 kilo tons in 2013 and is expected to reach 2,371.5 kilo tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.
  • Acrylic adhesives emerged as the leading product segment in the overall market for adhesives and accounted for 36.9% of total market volume in 2013. Acrylic adhesives are also expected to be the fastest growing adhesive product at an estimated CAGR of 5.3% from 2014 to 2020. Acrylic adhesives were followed by Polyvinyl Acetate (PVA) adhesives which accounted for 28.1% of total market volume in 2013. Silicones emerged as the leading product in the overall sealants market and accounted for 30.3% of total market volume in 2013. Along with being the largest product segment, silicones are also expected to be the fastest growing, at an estimated CAGR of 4.9% from 2014 to 2020.
  • Pressure sensitive applications emerged as the largest segment and accounted for 29.1% of total market volume in 2013. However, furniture is expected to be the fastest growing market for adhesives at an estimated CAGR of 5.9% from 2014 to 2020. Growing disposable income level in China, Brazil and India is expected to drive the demand over the forecast period. Construction remained the largest application segment for sealants and accounted for 27.3% in 2013. Automotive followed construction and accounted for 19.2% of total sealants market volume in 2013.
  • Asia Pacific dominated both, adhesives and sealants demand and accounted for 42.6% and 39.2% of total market in 2013, respectively. Europe followed Asia Pacific in the overall market and accounted for over 28% of total market volume in 2013. Asia Pacific is also expected to be the fastest growing regional market for adhesives and sealants, at an estimated CAGR of 5.9% and 5.3% from 2014 to 2020, respectively.
  • The global market for adhesives and sealants is dominated by multinational corporations, present across the value chain. The global market is fairly concentrated with top four companies including Henkel, 3M, HB Fuller and Dow Chemical Company, which accounted for nearly 48% of total market in 2013. Some other key companies operating in the global market include Avery Dennison, BASF, Eastman Chemical Company, Bostik SA, Ashland Inc. and Ellsworth Adhesives.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/bulk-chemicals

For the purpose of this study, Grand View Research has segmented the global adhesives and sealants market on the basis of technology, product, application and region:

• Global Adhesives Technology Outlook 
        • Water-Based
        • Solvent-Based
        • Hot Melt
        • Reactive & Other
• Global Adhesives Product Outlook 
        • Acrylic 
        • PVA
        • Polyurethane
        • Styrenic Block 
        • Epoxy
        • EVA
        • Others
• Global Adhesives Application Outlook 
        • Pressure Sensitive Applications 
        • Packaging 
        • Construction
        • Furniture
        • Footwear
        • Automotive
        • Others
• Adhesives Regional Outlook,
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa 
• Global Sealants Product Outlook 
        • Silicones
        • Polyurethane
        • Acrylic
        • PVA
        • Others 
• Global Sealants Application Outlook 
        • Construction
        • Automotive
        • Packaging
        • Assembly
        • Pressure Sensitive Tapes
        • Consumer
        • Others
• Sealants Regional Outlook,
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-adhesives-and-sealants-market

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information:www.grandviewresearch.com  

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/press-release/global-adhesives-and-sealants-market

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