Market Research Reports- Consulting Analysis Crystal Market Research Adhesives and Sealants Market | Page 2

The increased application of adhesives and sealants in fields such automotive and construction has
boosted the growth of the market substantially. Other factors that are influencing the growth of the
adhesive and sealants market are rising production of automobiles and increasing requirement of
packaging materials. With aim of decreasing the weight of vehicles that will lead to efficiency of fuel, the
automotive industry is choosing sealants and adhesives over welding activities of the parts of the engine.
Excellent growth in the infrastructure industry is anticipated to boost the growth of the adhesive and
sealant market. Developed countries like Europe and United States are witnessing booming increase in
population with plangent constructions is increasing the requirement of adhesives and sealants enhancing
the growth of the market. Strict regulations imposed on the emission of volatile organic chemical are said
to restrain the adhesives and sealants market as adhesives that are solvent-based such as resins, rubber and
vinyl react with the nitrogen oxides that may be present in the atmosphere. The growing prominences of
adhesives that are environment-friendly are creating an opportunity for the growth of the adhesive and
sealant market.
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On the basis of technology the adhesive and sealant market is segmented into hot-melts, solvent-based,
water-based, reactive and others. On the grounds of application the market is segmented into furniture,
automotive, construction, footwear, consumer, packaging and pressure sensitive applications.
Geographically, the market is segmented into Asia Pacific, Latin America, North America, Middle East
and Africa. Some of the prominent companies that operate in the adhesive and sealants market are HB
Fuller, Illinois Tool Works Inc., Dow Chemical Co., Eastman Chemical, Sika AG, 3M Company,
Ashland, HenkelAG & Company, N.D. Industries, RPM International Inc., BASF, Acucote, Uniseal,
Creative Materials, Bayer, Franklin International, Avery Dennison and Bostik Ltd.
Key Findings of Adhesive & Sealant Market
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Industries of paperboard and packaging along with building and construction accounted
maximum of the demand of the adhesive and sealants market in the year of 2015.
Silicone sealants are anticipated to lead the sealants market till 2022.
The market of the hot melt adhesive is anticipated to grow with high CAGR of XX% during the
period of forecast.
Acrylic adhesives were the leading product in the overall market in 2013 with a substantial total
volume of the market.
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Adhesives and Sealants Market is Segmented as follows –