Asia Pacificadhesives and sealants market is
expected to reach USD 18.79 billion by 2020, according to a new study by Grand
View Research, Inc. Positive demand outlook from key end use industries
including automotive and construction, mainly in China and India, is expected
to be a key driving force for the market over the next six years. Tight raw
material supply coupled with an unfavorable regulatory scenario for key export
markets is expected to inhibit growth over the forecast period.
Water-based dominated
the technology landscape and accounted for 46.4% of total market volume in
2013. Along with being the largest technology segment, water-based adhesive is
also expected to be the fastest growing technology in Asia Pacific, at an
estimated CAGR of 6.8% from 2014 to 2020.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/asia-pacific-adhesives-and-sealants-market
Further
key findings from the study suggest:
·
Asia Pacific market for adhesives was 3,824
kilo tons in 2013 and is expected to reach 5,712.8 kilo tons by 2020, growing
at a CAGR of 5.9% from 2014 to 2020. Regional sealant demand was 692.6 kilo
tons in 2013 and is expected to reach 988.9 kilo tons by 2020, growing at a
CAGR of 5.3% from 2014 to 2020.
·
Acrylic adhesives emerged as the leading
product segment in the regional market and accounted for over 35% of total
regional volume in 2013. On the other hand, silicone sealants dominated the
regional sealants consumption and accounted for 31.1% of total market volume in
2013. Silicone sealants are also expected to be the fastest growing product
segment in the region at an estimated CAGR of 5.8% from 2014 to 2020.
·
Pressure sensitive applications emerged as
the leading application segment in the region for adhesives and accounted for
30.1% of total market volume in 2013. However, furniture is expected to be the
fastest growing application market for adhesives in the region at an estimated
CAGR of 7.2% from 2014 to 2020. Construction on the other hand, dominated the
regional sealants demand and accounted for over 25% of total market volume in
2013.
·
China emerged as the leading market for
both adhesives and sealants. China accounted for just over 50% of total
regional volume of adhesives consumed in 2013. However, India is expected to be
the fastest growing market for adhesives at an estimated CAGR of 6.5% from 2014
to 2020. Japan is a fairly mature market for both adhesives and sealants and is
expected to grow at a relatively sluggish rate over the next six years.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented Asia Pacific adhesives and sealants market on the basis of
technology, product, application and region:
Asia Pacific Adhesives Technology Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
Water-Based
·
Solvent-Based
·
Hot Melt
·
Reactive & Others
Asia Pacific Adhesives Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
Acrylic
·
PVA
·
Polyurethanes
·
Styrenic Block
·
Epoxy
·
EVA
·
Others
Asia Pacific Adhesives Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
Pressure Sensitive Applications
·
Packaging
·
Construction
·
Furniture
·
Footwear
·
Automotive
·
Other
Asia Pacific Sealants Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
Silicones
·
Polyurethanes
·
Acrylic
·
Polyvinyl Acetate (PVA)
·
Others
Asia Pacific Sealants Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
·
Construction
·
Automotive
·
Packaging
·
Assembly
·
Pressure Sensitive Tapes
·
Consumers
·
Others
Asia Pacific Adhesives and Sealants Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
China
·
Japan
·
India
·
Rest of Asia Pacific
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/asia-pacific-adhesives-and-sealants
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
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