Market Analysis Report Adhesive and Sealant Market | Page 2

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Adhesive products include acrylic, polyvinyl acetate (PVA), polyurethanes, styrenic block, epoxy, ethylene-
vinyl acetate (EVA), and others. Sealant products encompass polyurethanes, silicones, acrylic, PVA, and
others. Acrylic adhesives generated almost USD 5 billion in 2015. They are used to develop UV light curin g
and waterborne & heat resistant technologies
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EVA adhesives accounted for over 400 kilotons (KT) in 2015. They should regain their shares in the
near future. Silicone sealants reportedly surpassed USD 2 billion in 2015. They will grow further due to
expanding automotives and construction industries.
Pressure sensitive, automotives, footwear, furniture, construction, medical, packaging, and others
constitute the adhesive applications. Pressure sensitive tapes, assemblies, packaging, automotives,
construction, and others are the sealant applications.
Pressure sensitive adhesive applications were valued over USD 6 billion in 2015. They are expected to
generate over 4 KT by 2024, at 4.8% CAGR. Packaging accounted for over 20% demand in 2015.
Automotive sealants generated more than 18% demand the same year. They can exhibit 5.4% CAGR
till 2024.
Automotive adhesives would grow at about 5% CAGR from 2016 to 2024. Their key applications
comprise carpeting, sealing doors & windows, and bonding decorative trims, side moldings, & vinyl
roofs.
North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA)
are geographies in the adhesive and sealant market. APAC reigned over the global market in 2015,
earning above USD 11 billion. Increased budgets for development projects in India, China, & Indonesia
may boost regional demand.
North America captured over 20% shares with respect to demand in 2015. It is expected to witness
slow growth in the forecast period. The demand for silicone sealants in Europe exceeded 150 KT in
2015. It will expand significantly. LATAM is led by Brazil and followed by Argentina & Mexico.
Major players operating in the worldwide adhesive and sealant market include the 3M Company, The
Dow Chemical Company, Henkel AG & Co. KGaA, and H. B. Fuller. Together, they hold more than
45% of the industry.
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