IRVING, Texas, Nov. 19, 2013 /PRNewswire-iReach/ -- The global adhesive and sealants industry is expected to witness moderate growth and reach an estimated $58.14 billion by 2018. The adhesive and sealants market is primarily boosted by the emerging economies, technological advancement, globalization, and increased usage of adhesives and sealants to seal and protect materials in an environmentally friendly manner. Packaging, automotive, construction, and furniture industries are the major drivers of the global adhesive and sealants industry. Sealants are mainly driven by the construction, electronics, and automotive industries.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the various players and segments of the industry and presents its findings in "Global Adhesives and Sealants Industry 2013-2018: Trend, Profit, and Forecast Analysis". From the analysis presented, adhesives and sealants' raw material suppliers as well as producers will recognize that valuable opportunities exist in the industry due to impressive trends in demand quantity and growth.
The study indicates that a growing number of end-use applications have exhibited a marked shift from traditional mechanical fastener-based technologies to adhesive-based technologies, prominent among them being the transportation, electronic devices, and medical sectors. Technology innovation is one of the major drivers of this industry. The stringent regulations of EPA (Environmental Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in the US and Europe lead the adhesive and sealants industry towards a shift of technology from solvent-based adhesives to 100% solid adhesives.
Lucintel report outlines that the main challenge in the industry is increasing fluctuations in raw materials' prices for adhesives and sealants manufacturing. Keeping pace with the changing environmental regulations is another challenge that the industry is facing. Manufacturers are under pressure to produce products with less volatile organic compounds (VOC), considering health and safety issues.
The report provides major drivers and challenges which will help the companies to identify their strengths, find whether they are able to cope up with the challenges and compete in the market.
This study is intended to provide industry leaders with a competitive benchmarking of the global adhesive and sealants industry. The study provides up-to-date information on the market share, profit margins, capabilities and strategies of the leaders. The report helps current suppliers to realistically assess their capabilities, strategies, vis-a-vis leading competitors, and provides executives with strategically significant competitor information, data analysis, and insight.
For a detailed table of contents and pricing information on these timely, insightful reports contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, firstname.lastname@example.org
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