Adhesives and sealants are the most versatile bonding agents available today. Although adhesives and sealants resemble each other chemically but they vary in their functionally; they also have a similar technology base.
Dallas, TX -- (SBWIRE) -- 12/09/2011 -- The report “Global Adhesives and Sealants Market by Type, Applications, Trends, and Forecasts (2011-2016)”defines and segments the global adhesives and sealants market with analysis and forecasting of the global volumes and revenues for adhesives and sealants. It also identifies driving and restraining factors for the global adhesives and sealants market[http://www.marketsandmarkets.com/Market-Reports/adhesive-sealants-market-421.html] with analysis of trends, opportunities, burning issues, and challenges. The market is segmented and revenues are forecasted on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each geographical region. Further market is segmented and revenues are forecasted on the basis of raw materials, and application types.
The market for adhesives and sealants is being driven by growth in the various end-user segments. Further technological advancement in production capabilities and enhancing properties of adhesives and sealants will be fueling the growth. The ever increasing need for high standard performance across all modern applications is driving the growth of adhesives and sealants. This also results in the development of newer and improved application and performance properties. Adhesive and sealant systems that are fast, easy, and low cost are in demand. The major hurdle which is currently inhibiting the growth of the market is volatility in prices of raw material for adhesives and sealants.
The global market for adhesives was estimated to be worth $21,527.0 million in 2010 and is expected to reach $28,659.0 million by 2016, growing at a CAGR of 5.0% from 2011 to 2016. The global market for sealants was estimated to be worth $5,700.0 million in 2010 and is expected to reach $7,599.5 million by 2016, growing at a CAGR of 4.8% from 2011 to 2016. Pressure sensitive applications constitute the largest end market for adhesives and sealants, accounting for 24.7% of the overall market in 2010. Asia-Pacific is the biggest and fastest growing market for adhesives and sealants whereas North America and Europe are matured markets. The growth in the Asia-Pacific market is expected to be fuelled by countries such as Japan, India, China, South Korea, and Australia.
MarketsandMarkets : Global Adhesives market at $28,659.0 million & Sealants market at $7,599.5 million by 2016
Browse more than 120 market data tables/figures spread through 454 pages and in-depth TOC on “Global Adhesives and Sealants Market by Type, Applications, Trends, and Forecasts (2011-2016)”.
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