The Asia-Pacific adhesives market is expected to value at USD XX million (in terms of revenue) and XX thousand tonnes (in terms of volume) in 2016 and is likely to reach USD XX million (in terms of revenue) and XX thousand tonnes (in terms of volume) by 2021, at an estimated CAGR of 6.47% and 4.38%, respectively, during the forecast period 2016-2021. The Asia-Pacific sealants market is expected to value USD XX million and XX thousand tonnes in 2016. The market is likely to reach USD XX million and XX thousand tonnes by 2021, at an estimated CAGR of XX% and XX%, during the forecast period 2016-2021.
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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 is 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 (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. On the basis of sealant by product type, the market has been segmented into silicone, polyurethane, acrylic, polyvinyl acetate, 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; healthcare; electrical & electronics; and others. On the basis of geography, the market has been segmented into China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Australia & New Zealand, 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 for 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.
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