Asia-Pacific Contact Adhesives Market - Segmented by Technology, Polymer, End-user Industry, and Geography - Trends and Forecasts (2015-2020)
The Asia-Pacific Adhesives and Sealants Market was valued at USD 21.083 billion in 2015 and is projected to reach USD 30.248 billion by 2020, at a CAGR of 7.49% during the forecast period from 2015 to 2020. Adhesives and sealants are often considered together, as they both are applied to the surfaces of materials to adhere and seal them together. They are generally in the liquid form, which are viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power, and they also have high tensile and shear strength. Adhesives are of two types, which are structural (whose strength is vital for the success of the assembly) and non-structural adhesives (generally have low strength and are used to bond weak substrates and are used for temporary fastening). However, sealants are majorly selected for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another material. They have less strength compared to adhesives, but are more flexible in nature.
The Asia-Pacific adhesives and sealants market is segmented on the basis of adhesives by technology into water-borne (acylics, latex, polyurethane dispersions, polyvinyl acetate, ethylene vinyl acetate, others), solvent-borne (solvent borne pressure sensitive, solvent borne non-pressure sensitive, solvent borne contact adhesives, others), reactive (epoxy, acylic, silicone, polyurethane, cyanoacrylate, others), hot melts (polyethylene, polyolefins, polyamide, polyurethanes, ethylene vinyl acetate, styrenic block copolymer, others), and others. On the basis of sealant by product type, the market has been segmented into silicone, polyurethane, plastisol, emulsion, and others. On the basis of end-user industry, the market has been segmented into building & construction; paper, board, & packaging; transportation; woodworking & joinery; footwear & leather; electronics; medical; and others. On the basis of geography, the market has been segmented into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Indonesia, Thailand, and the Rest of Asia-Pacific.
Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors. This market is driven by a number of factors, such as the accelerating demand from the automotive industry, increasing demand from the packaging industry, and growing demand from packaging industry. However, this market faces certain drawbacks, such as the stringent environmental regulations regarding VOC emissions. These factors may act as a roadblock to the growth of the studied market in this report.
In terms of market revenue in 2015, China led the market with a share of XX%. With the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which, in turn, is increasing the demand for automobiles and buildings in the Asia-Pacific region, thereby, making the region an area of immense potential and opportunities. However, the volatility in the raw material prices in the region has considerably hindered the growth of this market.
Furthermore, the growing aerospace industry in China and the increasing demand of electric vehicles will offer numerous opportunities in the growth of the Asia-Pacific adhesives and sealants market. Some of the major companies dominating this market for its products, services, and continuous product developments are 3M, Dow Chemicals, Henkel AG & Co. KGaA, Avery Dennison, and Ashland Inc.
Key Deliverables in the Study –
Market analysis for the Asia-Pacific Adhesives and Sealants Market, with regional specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Asia-Pacific Adhesives and Sealants market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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