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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