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.
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