Asia Pacific Adhesives and Sealants Market

Asia Pacific adhesives 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.

The report “Asia Pacific Adhesives and Sealants Market Analysis By Technology (Water-Based, Solvent-Based, Hot Melt, Reactive), By Product (Acrylic, PVA, Polyurethane), By Application (Pressure Sensitive Applications, Construction, Automotive) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at 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...