The major raw materials of adhesives and sealants are petroleum-derived, whose prices are directly linked to the price of oil & gas; hence, the low crude oil prices are driving the market, currently. These factors are accelerating the demand from the automotive industry, increasing the demand from the packaging industry, and shifting focus towards composites. However, the market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions, and economic slowdown in Europe. These factors may act as a roadblock to the growth of the market.
The global adhesives and sealants market has been segmented, by end-user industry which includes building & construction, packaging, wood-work & joinery, transportation, footwear & leather, healthcare, electronics, and certain other industries. The paper, board, and packaging segment accounted the highest share in the adhesives market in 2015, with a share of around 23%, while building and construction segment dominated the sealants market in 2015, with around 46% share.
The global adhesives market, by technology, is broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. The reactive adhesives segment is expected to witness the highest growth rate during the forecast period. The water-borne adhesives segment accounts for the highest share, accounting for over 47% of the global market. The sealants market has been further segmented by the product type into - silicone, polyurethane, acrylic, polyvinyl acetate, and others. The following chart shows the market segmentation of adhesives market, by technology:-
The water-based adhesives have been further segmented by the product type into acrylic, polyvinyl acetate (PVA), ethylene vinyl acetate (EVA), latex, and others. The solvent-borne adhesives market has been further segmented into- styrene buta-styrene (SBS), chloroprene rubber (CR), polyacrylate, and others. Hot-melt adhesives market has been segmented into ethylene vinyl acetate, synthetic rubbers, and others.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia-Pacific has the highest share in the market, by volume and revenue, accounting for about 40% of the global share regarding revenue. This region is expected to be the fastest-growing during the forecast period, owing to the presence of emerging and developing countries in the region.
Opportunities and Major Players
The increasing adoption of adhesive bonding technologies, instead of conventional bonding technologies, availability of high-performance materials, and accelerating demand for electric vehicles across the world will offer numerous opportunities for the growth of the global adhesives and sealants market. Globally, there are more than 1,500 suppliers competing in the sector (500 in the United States), with the top 10 suppliers accounting for slightly less than 50% of the overall market.
Some of the major companies dominating this market for its products, services, and continuous product development, include:
- Arkema Group(Bostik)
Market analysis for the global adhesives and sealants market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global adhesives and sealants market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Adhesives and Sealants Market
3.1 Industry Value Chain Analysis
3.1.1 Profitability Structure
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Shifting Focus Towards Composites
4.1.2 Dynamic Economic Development in Asia-Pacific
4.1.3 Accelerating Demand from Automotive Industry
4.1.4 Increasing Demand from Packaging Industry
4.2.1 Volatility in Raw Material Prices
4.2.2 Stringent Environmental Regulations Regarding VOC Emissions
4.3.1 Recovering Construction Industry in Europe
4.3.2 Increasing Usage in Automotive Industry, Especially in Electronic Segment
4.3.3 Shifting Consumer Focus Towards Flexible Packaging Aids in Asia-Pacific
5. Market Segmentation and Analysis
5.1 Adhesives by Type
220.127.116.11 Polyvinyl Acetate (PVA) Emulsion
18.104.22.168 Ethylene Vinyl Acetate (EVA) Emulsion
22.214.171.124 Polyurethane Dispersions (PU) & CR (Chloroprene Rubber) Latex
126.96.36.199 Styrene-Butadiene Rubber (SBR)
188.8.131.52 Chloroprene Rubber
184.108.40.206 Poly Acrylate (PA)
220.127.116.11 Modified Acrylics & Cyanoacrylates
18.104.22.168 Ethyl Vinyl Acetate
22.214.171.124 Synthetic Rubbers
5.2 Sealants by Product Type
5.2.4 Polyvinyl Acetate
5.3 By End-User Industry
5.3.1 Building and Construction
5.3.2 Paper, Board, & Packaging
5.3.3 Woodworking & Joinery
5.3.5 Footwear and Leather
5.3.7 Electrical and Electronics
5.4 Pressure Sensitive Adhesives (PSA) Market
5.4.1 By Technology
126.96.36.199 Hot Melt
188.8.131.52 Radiation Cured
5.4.2 By Application
5.4.3 By Resins
184.108.40.206 Other (PU, Epoxies, Vinyl Acetates, etc.)
5.4.4 By Mode of Application
6. Regional Market Analysis
6.1.4 South Korea
6.1.8 Australia & New Zealand
6.1.9 Rest of Asia-Pacific
6.2.2 United Kingdom
6.2.5 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Shares Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles
8.1 3M Co.
8.2 AdCo UK Limited
8.3 Adhesive Technologies Corp.
8.4 Adhesive Technologies Inc. (AdTech)
8.5 Adhesives Research Inc.
8.6 Aerocoll Chemie GmbH
8.7 Alfa International Corporation
8.8 American Biltrite Inc.
8.9 American Chemical Inc.
8.10 Arkema Group (Bostik SA)
8.11 Ashland Inc.
8.12 Avery Dennison Corp.
8.13 Beardow & Adams (Adhesives) Ltd
8.14 Benson Polymers Ltd.
8.15 BÃœHNEN (Germany)
8.16 Chemence Ltd.
8.17 Artimelt AG
8.18 DELO Industrial Adhesives
8.19 Dow Chemical Co.
8.20 Dow Corning Corporation (U.S.)
8.23 Dynea AS
8.24 Evans Adhesive Corporation Ltd.
8.25 Franklin International
8.26 H.B. Fuller Co.
8.27 Helmitin Adhesives
8.28 Henkel AG & Co. KGaA
8.29 Hexcel Corporation
8.31 Huntsman Corp.
8.32 ITW Performance Polymers (Illinois Tool Works Inc.)
8.33 Jowat AG
8.34 KMS Adhesives
8.35 LORD Corp.
8.37 Mapei Spa
8.38 Master Bond
8.39 Ninghai Dingcheng Adhesive Co., Ltd.
8.40 Paramelt B.V
8.41 Permabond Engineering Adhesives Ltd.
8.42 Pidilite Industries Ltd.
8.43 Royal Adhesives and Sealants
8.44 RPM International Inc.
8.45 Sika AG
8.46 Super Glue Corp.
8.47 Tesa SE (A Beiersdorf Company)
8.48 The Reynolds Corp.
8.49 Wacker Chemie AG
8.50 Wisdom Adhesives Worldwide
8.51 Yokohama Industries