Waterproof Adhesives and Sealants Market worth 24.75 Billion USD by 2020
PUNE, India, March 7, 2016 /PRNewswire/ --
The report "Waterproof Adhesives and Sealants Market by Chemistry (Silicones, PU, Acrylics, Epoxy, Polysulfide, and Others), by Application (Building & Construction, Transportation, Electronics & Electrical, and Others) by Region - Global Forecasts to 2020", published by MarketsandMarkets, The global market size is projected to reach USD 24.75 Billion by 2020, registering a CAGR of 5.95%.
Browse 116 Tables and 36 Figures spread through 145 Pages and in-depth TOC on "Waterproof Adhesives and Sealants Market"
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This growth is fueled by the growing technological advancement, increasing demand in application areas such as building & construction, transportation, electronics & electrical, packaging, and medical devices, rising development strategies in developing economies, and increasing expansion and acquisition activities.
Silicones: The highest demanded and fastest-growing polymer in the waterproof adhesives and sealants market
Silicones are versatile polymers with excellent adhesion properties of that come from their chemical structure. This allows them to bind together materials that were traditionally difficult to unite such as glass, metal, and stone. Also, silicones are highly water resistant as they block the passage of water or any liquid and do not degrade the humidity. Therefore silicone-based adhesives and sealants are used for applications such as aquaria, underwater respiratory devices, swimming pool construction, and nautical electronic equipment. Thus the market for silicones is projected to be the fastest-growing chemistry and accounts for the major share of the overall waterproof adhesives and sealants market
Building & Construction: The largest application for waterproof adhesives and sealants
The building & construction industry is the largest end user of waterproof adhesives and sealants that accounted for the major share of the market, in terms of value, in 2014. Waterproof adhesives and sealants are widely used for construction of curtain wall, glazing, marine, control joints, pre-cast concrete panel joints, tiling, and roofing applications globally due to its low cost, strong adhesion, and better performance. The market for waterproof adhesives and sealants in the building & construction application is driven by high government investment in infrastructural development activities, that is, residential and non-residential construction.
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Asia-Pacific - The largest market for waterproof adhesives and sealants
Asia-Pacific is the largest market for waterproof adhesives and sealants with major developments witnessed in China, Japan, and India. Asia-Pacific accounted for a large share in the global Waterproof Adhesives and Sealants Market, in terms of value, in 2014. This region is expected to dominate the market till 2020. Asia-Pacific is expected to remain the largest market till 2020 with high investments in growing applications such as mining, construction, transportation, electronics & electrical industries. Also, Asia-Pacific is projected to be the fastest-growing waterproof adhesives and sealants market. This high growth is attributed to expansion of production capacity, competitive manufacturing costs, and other strategic developments.
Major players such as The 3M Company (U.S.), Huntsman advanced Materials (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company (Germany), Mapei (Italy), Sika AG (Switzerland), and others have adopted development strategies such as acquisitions and product developments to achieve growth in the global waterproof adhesives and sealants market.
This report covers the market, by value and volume, for waterproof adhesives and sealants and forecasts the market size till 2020. The report includes the market segmentation by chemistry, application, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global waterproof adhesives and sealants market.
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