Market Research Store: Global Adhesives and Sealants market size is poised to reach $45 billion growing at a CAGR of 4.83% to reach $65.67 billion during the forecast period 2014 and 2022.
Deerfield Beach, FL -- (SBWIRE) -- 09/25/2015 -- Global Adhesives & Sealants Market Outlook (2015-2022)
The Global Adhesives and Sealants market size is poised to reach $45 billion growing at a CAGR of 4.83% to reach $65.67 billion during the forecast period 2014 and 2022. The major factors for market growth are increase in R&D investment, growing construction industry, increasing transportation sector and rising demand of green products. Increase in global economy drives the market growth. The challenges faced by the market are volatility in raw material prices and stringent regulations. The opportunities for the market are development of bio-based adhesives and sealants and growth of medical adhesives.
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Adhesives market is segmented by type, by application and by geography. Depending on the various types, market is categorized into Hot-Melt Adhesives, Reactive Adhesives, Solvent-Based Adhesives and Water-Based Adhesives. Based on application, market is classified into Building & Construction, Paper & Packaging, Leather & Footwear and Transportation. Sealants market is segmented by, by application and by geography. Depending on the various types, market is segmented into Butyl, Emulsion, Plastisol, Polyurethane and Silicone. Based on application, market is categorized as Construction, Consumer Sealants and Transportation. Adhesives and Sealants market, by geography is segregated into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has the largest growth rate in the Adhesives and Sealants market.
The key players in the Adhesives and Sealants market include, Adhesives Research Inc., Bayer AG, Bolton Group International Ltd., Dow Chemical Company, Eastman Chemical Company, Henkel AG & Co. KGaA, Hexion Specialty Chemicals, National Starch and Chemical Company, Super Glue Corp. and 3M Company.
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