Strong demand from end use industries such as packaging, construction and automotive is expected to boost adhesives and sealants market over the forecast period. These products are used in insulation, facades, panel lamenting, flooring, coating, and lamination among some other applications. These industries have been reported to be the highest revenue contributors to the adhesives and sealants industry in the recent past.
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Key uses include insulation, facades, panel lamenting, flooring, coating, and lamination along with a host of other applications, being significant revenue contributors to the adhesives & sealants market in recent times. Volatile raw material supply is likely to exert pressure on profit margins and deter industry growth. Regulatory evolution is also anticipated to play a key role in adhesives market development over the next five years.
The industry has witnessed a surge in R&D spending over the last three years, with product innovation and application development being key focal points. Innovation is likely to move forward in sustainable solutions using bio-based raw material sources.
Key report insights suggest:
Asia Pacific continued its dominance in the global adhesives market and accounted for over 40% of the global market in 2013. Asia Pacific was also the most significant regional sealants market and accounted for over 39% of the total volume in 2014, driven by high infrastructure spending.
Water based adhesives emerged as the leading technology in the overall market and accounted for over 46% of the adhesives market in 2014. Solvent based and hot melt adhesive products accounted for 18% each of the total market in 2014.
Acrylic adhesives market demand is expected to exceed 4.7 million tons by 2020, while polyurethane based adhesives are estimated to grow at 6.1% from 2014 to 2020.
Pressure sensitive applications are expected to grow at over 5% during the forecast period, followed by packaging which accounted for over 20% of total market volume in 2014. Sealants market demand for automotive applications is anticipated to exceed USD 2.6 billion by 2020, growing at over 6%.
Global Adhesives Technology Overview (Volume, Revenue, 2012 - 2020)
Water-Based
Solvent-Based
Hot Melt
Reactive & Other
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