Industry News

GIA Predicts Global Market for Adhesives to Reach USD 38B by 2017

Published on 2011-11-25. Author : SpecialChem

GIA announces the release of a comprehensive global report on Adhesives and Sealants market. The report is titled "Adhesives and Sealants: A Global Strategic Business Report". The report provides a comprehensive review of market trends and issues, competition, drivers, technology trends, product overview, product introductions/innovations, and recent industry activity. The report provides market estimates and projections in USD and volume in Pounds for geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World.

The adhesives market is analyzed by following segment Styrene Butadiene Rubber, Phenolic, Polyolefin, Epoxy, Starch & Dextrin, Acrylic (Cyanoacrylic & Others, Acrylic PSA, and Acrylic Emulsion), Urea Formaldehyde, Polyvinyl Acetal, Polyvinyl Acetate, Neoprene, Thermoplastic Rubber, Polyurethane, Natural Rubber, Protein, Furan, Polyvinyl Chloride, Reclaimed Rubber, Silicate, Silicone Rubber, Polyamide, Polyvinyl Alcohol, Nitrile, Butyl Rubber & PIB, Polyester, Ethylene, Bitumen, and Miscellaneous.

Market for Sealants are analyzed by chemical types, such as, Anaerobic, Acrylic, Latex, Bitumen, Butyl Rubber, Epoxy, Oleoresinous, Polysulphide, Polyurethane, Polyvinyl-based, Polyvinyl Alcohol, Polyvinyl Chloride-based, Reclaimed Rubber, Silicone, Styrene Butadiene Rubber, Thermoplastic Rubber, and Miscellaneous.

The global market for Adhesives and Sealants is expected to reach US$38 billion and US$6.5 billion, respectively, by the year 2017. Growth in the market over the next few years will be driven by rising product penetration in new application markets, product differentiation, and innovations.

As per the report Europe represents the largest regional market for adhesives (by volume and sales). Asia-Pacific represents the fastest growing regional market for adhesives with volume sales from the region waxing at a CAGR of about 4.6% during the analysis period. Asia-Pacific is also the fastest growing regional market for sealants. Growth in the Asia-Pacific adhesives and sealants market is primarily led by China, given the infrastructure development investments and growing number of construction projects in the nation.

By chemical type, Styrene Butadiene Rubber Adhesives is the fastest growing product segment, by volume sales in the adhesives category, while Latex Sealants is the fastest growing product segment by volume sales in the sealants category.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Written By : Specialchem Editorial Team
Based on information displayed on http://www.prweb.com

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