Adhesives & Sealants Market Projects APAC To Have Significant Growth Untill 2021
Adhesives and Sealants Market
deals with development of chemical substances, that is adhesives and sealants that are used to adhere and seal materials. Adhesives are defined as the substances used to hold two surfaces together strongly for a longtime, whereas sealants are used to attach two surfaces.
Based on the formation, the market of adhesives is segmented as water based-adhesives, solvent-based adhesives and hot melt adhesives. Basically, the adhesives and sealants used across various end-user industries such as building and construction, consumer, food and beverage, paper and board packaging, and many others. The various types are silicone adhesive, polyurethane adhesive, polyurethane sealant, industrial adhesive, automotive adhesive and many others. The market for adhesives and sealants expected to register significant growth rate due to rising demand from the end-user industries, during the forecast period.
Increasing demand for adhesives in pressure sensitive applications, packaging, construction, furniture and automotive applications and growing demand for sealants from applications that require easy substrate penetration, resistance to corrosion and material insolubility are the major factors that drive great demand and growth for the Adhesives and Sealants Market. However, increasing regulatory intervention from environmental bodies along with federal agencies is the key challenge for this market growth.
The research and development activities have been improved to develop bio-based adhesives and sealants. This factor is expected to drive rapid growth for the market during the forecast period. The bio-based products have an additional advantage of reducing carbon footprints that attracts consumers and escalates the market growth.
Asia-Pacific is leading the Adhesives and Sealants Market, by registering robust growth, followed by North America and Europe. North America anticipates to register positive growth during the forecast period. Asia-Pacific is also expected to register significant growth rate in the emerging economies such as India and China. Europe and other developed countries and developing countries are expected to register increased growth rate during the forecast period.
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