Europe Adhesives & Sealants Market Segmented by Application, Industry and Geography Trends and Forecasts (2015-2020)
LONDON, Oct. 7, 2015 /PRNewswire/ -- European market for adhesives is expected to reach 3,000 kilo tons by 2020, growing at a CAGR of more than 3.5% from 2014 to 2020.
Adhesive and Sealants are substances applied to the surfaces of materials to bind them together and resist separation by blocking the passage of gases or liquids through the surface or joints or openings in materials. Adhesives and sealants can be liquids which are viscous, that has little or no flow characteristics and which stay where they are applied. They can also be thin and flow able so as to allow it to get into the substrate by means of capillary action. The main difference between adhesives and sealants is that sealants typically have lower strength and higher elongations than adhesives do. The use of adhesives and sealants offers many advantages over binding techniques through their ability to bind different materials together by distributing stress more efficiently across the joint. Reduction in cost over machine processes, improvement in the looks of the material and increase in flexibility of the design are some of its advantages. Adhesives and Sealants have applications from joining minor day to day use objects to more sophisticated uses like sealing of automotive lighting system.
Sealants find its application in Consumers goods, Construction, Transportation, Automotive, aerospace and other industries. Anaerobic acrylic sealants generally referred to as impregnants are mostly used in the absence of air (vacuum). Surface sealants require air in curing mechanism that changes its state to become solid from liquid once applied. Desirable properties of a sealant include good binding properties, insolubility and resistance to corrosion.
The Europe Adhesives and sealants market is segmented based on technology (Water based, Solvent based, Reactive and hot melts), by application (Construction, Paper board and related uses, Transportation, Footwear and leather and other uses), by geography (North America, South America, Europe, Asia-Pacific and Rest of the world). The key players are BASF SE, Sika AG, 3M Company and Pidilite Industries.
Drivers:
There is a lot of innovation in this industries with more specialized products being released in the market and the number of industry end users are increasing.
Restraints:
There is rise in the prices of raw materials which is in turn restraining the growth of the market.
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