View Report Details Global Adhesives and Sealants Market ----------------------------------------2015
View Report Details Executive Summary
Adhesive is a broad term as it incorporates various materials like cement, glue, mucilage, and paste among others. Adhesives majorly comprise of polymers, which harden either in a physical manner or as a result of a chemical reaction, and are generally classified on the basis of their curing, or bonding, mechanism. On the other hand, sealant is a soft, pliable material that changes state to become solid after application, and is chiefly employed for the prevention of air, noise, dust, fire, smoke, and liquid penetration, where structural strength is not required. Sealants fall between the higher-strength adhesives and extremely low-strength putties and caulks. Adhesives and sealants are categorized on the basis of whether the bonding involves a physical or chemical mechanism.
The key factors driving growth of the global adhesives and sealants industry include expanding construction industry, growing transportation sector, growing global GDP, increasing focus towards environmental friendly adhesives and growing miniaturization trends in electronics. The global adhesives and sealants market is likely to be driven by the ameliorating Asia Pacific market, skewed trends in the US transportation sector and increasing demand for more environment friendly products. In addition, the growing application of adhesives in the medical applications is expected to bring new opportunities to the market. However, the growth of global adhesives and sealants industry is hindered by the fluctuating raw material prices and shortage in the supply of raw materials.
Adhesives and sealants are utilized in several industries including packaging, automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods, and shipbuilding. Among all the applications, packing, construction industry, durable assembly and transportation sector account for a major part of adhesives and sealants consumption.
The present report offers a comprehensive analysis of the global adhesives and sealants market along with a detailed study of the regional markets including North America, Japan, Asia and Europe. The competition in the respective market is intense with few large players viz. Henkel, H.B. Fuller, Sika and 3M. The competitive landscape along with the company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Adhesion, bonding and sealing have become essential proficiencies for joining/sealing two or more substrates with each other…
US$ Billion
Global Adhesives and Sealants Market by Value (2010-2014) 48 47 46 45 44 43 42 41 40 39 38
6% 5% 4% 3% 2% 1% 2010
2011
2012
Adhesive and Sealants Market
2013
2014E
0%
14
Million Tonnes
13.5 13 12.5 12 11.5 2010
2011 Global Market
2012
In terms of volume, the adhesive and sealants market witnessed an incline of ..% in 2014.The market accounted for ..million tonnes in 2014.However, the market is anticipated to grow further by …% in 2015. As of 2014, the largest regions for adhesives and sealants were Asia-Pacific and North America, which constitute ..% of the total market. It was followed by Western Europe which contributed ..% share for the aforementioned year.
Annual Growth
Global Adhesives and Sealants Market by Volume (2010-2014)
11
The global adhesives and sealants market was estimated to be US$... billion in 2014, witnessing an incline of ..%, compared to US$... billion in the previous fiscal.
2013 Annual Growth
2014
14% 12% 10% 8% 6% 4% 2% 0% -2% -4% -6%
Global Adhesives and Sealants Sales by Region (2014)
Middle East and Africa
South America
Eastern Europe
Western Europe
North america
Asia Pacific
The key contributor for the growing adhesives and sealants market is the persistent economic development in the emerging nations and the consistent rise in the sales of North America’s adhesives market… North America Adhesives and Sealants Market by Value (2010-2015E)
12
18% 16%
US$ Billion
10
14%
8
12% 10%
6
8%
4
6% 4%
2 0
2% 2009
2010
2011 Value
2012
2013
2014
2015E
0%
One of the largest adhesive markets, North America was worth US$.. billion in 2014, compared to US$.. billion in the previous year. This represented an annual incline of ..%, in contrast with the previous year’s ..% growth. The maximum contribution to the adhesives industry in India is from packaging and paperboard sector with a share of ..% followed by construction and building sector with ..%. Europe is the largest consumer of sealants in value with ..% share and is expected to grow to US$.. million by 2014 and US$.. million by 2016. The Asia-Pacific region is the second largest sealant user in value with ..% share and is expected to reach US$.. million by 2014 . The largest end market of the sealants is construction industry with an estimated …% share of the global market in 2014.
Annual Growth
Global Sealants Consumption by Region(2011-2016E)
Indian Adhesives Market Share by Application (2014)
4500 4000 3500 3000 2500 2000 1500 1000 500 0
Europe
North Amerca
2011
2014E
2016E
Rest of World
C onsumer
Assembly
Woodwork
Building/C onstruction
Paperboard/Packaging
Others
The market for sealants is relatively stable, showing a slight annual growth rate of …% over the forecast period to 2017. EMEA Adhesives and Sealants Demand by Region (2014) As of 2014, the maximum demand for sealants and adhesives in EMEA region was from EU, Norway and Switzerland contributing a maximum of …% of the total share followed by Eastern Europe and UK which contributed ..% of the total share. In terms of sales, Henkel had retained its leading position and nearly doubled revenue over the last decade. Henkel’s adhesive sales were worth US$... billion in 2014. 3M’s sales accounted for US$...billion, followed H.B.Fuller which had sales worth US$.. billion. As of 2014, Henkel had maximum R&D budget of US$.. million followed by Sika which spent US$... million on R&D. Africa Middle East Turkey UK Eastern Europe EU, Norway and Switzerland
The global market is anticipated to reach US$... billion by 2017 compared to US$... billion in 2014.
Top Adhesives Producers by Sales (2014)
Global Adhesives and Sealants Market (2012-2017F)
70
DOW Lord
60
RPM
50 US$ Billion
Mapei Sika ITW Bostik(now Akema) H.B.Fuller
40 30 20
3M
10
Henkel
0 0
2
4 US$ Billion
6
8
10
12
2012
2013
2014
2015F
2016F
2016F
2017F
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