Asia Pacific Adhesives and Sealants Market
The Asia-Pacific adhesives market is expected to be valued at USD XX million in 2016 and is likely to reach USD XX million by 2021, at an estimated CAGR of XX% during the forecast period, 2016-2021. The Asia-Pacific sealants market is expected to be valued at USD XX million in 2016 and is likely to reach USD XX million by 2021, growing at an estimated CAGR of XX%, during the forecast period, 2016-2021.
Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.
The market is driven by many factors, such as the accelerating demand from the automotive and packaging industries. 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.
The Asia-Pacific adhesives market is segmented, by technology, into water-borne (acrylics, latex, polyvinyl acetate (PVA) emulsion, ethylene vinyl acetate (EVA) emulsion, polyurethane dispersions & CR (chloroprene rubber), latex, and, others), solvent-borne (styrene-butadiene rubber (SBR), chloroprene rubber, poly acrylate (PA), and others), reactive (epoxy, modified acrylics & cyanoacrylates, silicone, polyurethane, anaerobic, and others), hot-melts (ethyl vinyl acetate, synthetic rubbers, and others), and others. The Asia-Pacific sealants market, by product type, has been segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and others. In addition, by end-user industry, the market has been segmented into building & construction; paper, board, & packaging; transportation; woodworking & joinery; footwear & leather; healthcare; electrical & electronics; and others. The market share, by end-user industry, as per 2016, is shown below:
Geographically, the market has been segmented into China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Australia & New Zealand, and the Rest of Asia-Pacific.
Opportunities and Major Players
Furthermore, the growing aerospace industry in China, the increasing demand for electric vehicles, and shifting focus towards bio-based adhesives & tackifiers will offer numerous opportunities to 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:
Henkel AG & Co. KGaA
Key Deliverables in the Study
Market analysis for the European adhesives and sealants market, with region-specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the European adhesives and sealants market on a regional scale.
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 where this industry is growing and to also identify the regions that are still untapped.
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