HYDERABAD, India, August 24, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of its research report on the adhesives and sealants chemicals market. The report titled, "Global Adhesives and Sealants Market - Segmented by Technology, Product Type, End-user Industry and Geography" discusses the current landscape and outlook of the said market.
The adhesives market was valued at USD 40,037.17 million in 2015 and is projected to reach USD 56,954.42 million by 2021, at a CAGR of 6.05%% during the forecast period. The global sealants market was valued at USD 6,354.62 million in 2015, and is projected to reach USD 9,060.17 million by 2021, growing at a CAGR of 6.09%, during the forecast period.
*The forecast period for this report is 2016-2020.
Raw materials for adhesives and sealants are petroleum-derived, whose price is directly proportional with crude oil prices. Accelerating demand from the automotive and packaging industry, and a shifting focus towards composites are other factors driving the market. However, the adhesives and sealants market faces certain drawbacks - stringent environmental regulations regarding VOC emissions and economic slowdown in Europe. These factors may act as a roadblock to the growth of the market.
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The report on global adhesives and sealants market has been segmented, based on end-user industry, into building & construction, packaging, wood-work & joinery, transportation, footwear & leather, healthcare, electronics and others. Based on technology the report is segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives and others. On the basis of geography, the market is segmented into North America (United States, Canada, Mexico, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, Rest of APAC), South America (Brazil, Argentina, Rest of South America), and Middle-East & Africa (Saudi Arabia, South Africa and Rest of Middle-East & Africa). The sealants market has been segmented based on product type - silicone, polyurethane, acrylic, polyvinyl acetate and others.
The reactive adhesives segment is expected to witness the highest growth rate during the forecast period. The paper, board and packaging segment accounted for the highest share in the adhesives market in 2015, while building & construction segment dominated the sealants market. Water-borne adhesives segment accounts for the highest share in the market by technology, accounting for over 47% of the global market in 2015. Asia-Pacific has the highest market share in terms of volume and revenue, accounting for about 40% of the global share in terms of revenue and is expected to be the fastest growing region during the forecast period.
Detailed profiles of the following companies are provided in the report:
- Henkel AG & Co.
- HB Fuller
- Arkema Group(Bostik)
- ITW (Illinois Tools Works)
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence