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Global Adhesives and Sealants Market Is Expected to Reach USD 43,195.5 Million by 2020: New Report By Grand View research, Inc.
[October 21, 2014]

Global Adhesives and Sealants Market Is Expected to Reach USD 43,195.5 Million by 2020: New Report By Grand View research, Inc.


(GlobeNewswire Via Acquire Media NewsEdge) San Francisco, California, Oct. 21, 2014 (GLOBE NEWSWIRE) -- 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.    Get More Details About Adhesives and Sealants Market: 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.For Further Inquiries / Free Sample of This Report: http://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-market/request 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 & OtherGlobal Adhesives Product Outlook         • Acrylic         • PVA         • Polyurethane         • Styrenic Block         • Epoxy         • EVA         • OthersGlobal Adhesives Application Outlook         • Pressure Sensitive Applications         • Packaging         • Construction         • Furniture         • Footwear         • Automotive         • OthersAdhesives Regional Outlook,         • North America         • Europe         • Asia Pacific         • Latin America         • Middle East & AfricaGlobal Sealants Product Outlook         • Silicones         • Polyurethane         • Acrylic         • PVA         • OthersGlobal Sealants Application Outlook         • Construction         • Automotive         • Packaging         • Assembly         • Pressure Sensitive Tapes         • Consumer         • OthersSealants Regional Outlook,         • North America         • Europe         • Asia Pacific         • Latin America         • Middle East & Africa Browse Press Release of Adhesives and Sealants Market: 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, visit http://www.grandviewresearch.com/ Related Reports by Grand View Research: Adipic Acid Market Analysis And Segment Forecasts to 2020 - The global market for adipic acid is expected to reach USD 7,240.8 million by 2020, according to a new study by Grand View Research, Inc. Growing demand for nylon resins and fiber from major end use industries such as automotive and electronics mainly in BRIC nations is expected to remain a key driving factor for the market over the next six years.


Specialty Pulp And Paper Chemicals Market Analysis - Global specialty pulp and paper chemicals market is expected to reach USD 25.71 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for specialty paper is expected to be a key driver for the market over the forecast period.

CONTACT: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: www.grandviewresearch.com Source: Grand View Research 2014 GlobeNewswire, Inc.

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