Industry News

SBI Energy Predicts Asian Adhesive Market to Represent CAGR of 4.5% for Period of 2012 to 2016

Published on 2012-04-09. Author : SpecialChem

New York, NY -- Industrial and energy market research publisher SBI Energy finds that considerable opportunities await adhesive and sealant manufacturers that target the Asian-Pacific Rim. According to a new report from the publisher, this growth is largely due to a resurging demand for eco-friendly bonding agents required for growing industrial sectors such as the automotive and electronics industries.

The Asian market for synthetic-based, non-structural, special performance sealants (including polysulfides and urethane-based glues) grew from $85.5 million in sales to $123.5 million in the five year period from 2006 to 2011, representing one of the hottest growth segments in the region. The report finds the Asian region is expected to have a combined market value for adhesives and sealants totaling $12.4 billion by 2016, representing a CAGR of 4.5% for the period of 2012 to 2016.

Like in Asia, adhesive and sealant growth in Europe and North America is largely tied to mature economies wherein rising standards of living and growing middle classes are increasing the domestic consumption of goods. According to SBI Energy analyst Darren Bosik, "Seven major sectors define the adhesives and sealants industry in the largest global market of North America, where it was valued at $11.2 billion in 2011."

These sectors include construction, packaging, transportation, rigid and non-rigid bonding, consumer goods and tapes. Growth in market value has been stagnant since 2006, largely due to the financial woes of many manufacturing-driven industries, according to the report. Despite the ongoing economic recession in the U.S., SBI Energy believes construction activity should remain strong through 2015 and positively affect growth in adhesive and sealant sales.

"After several years of flat revenues, the adhesives and sealants market is seeing renewed activity," says Shelley Carr, SBI Energy publisher. "Sealants comprise the faster growing of the two segments, with five-year annual growth for structural and non-structural sealants of 3.7% and 3.1% respectively since 2006."

More information on the market is available from SBI EnergyĆ¢€™s report, Adhesives and Sealants, Global Markets, 3rd Edition, which provides market sizing and future growth estimates by product segment and world region. The report breaks down the market by product category (including natural-based glues and adhesives, synthetic resin and rubber adhesives, structural sealants, and non-structural caulking compounds and sealants), as well as by end use (adhesives and sealants are extensively used in packaging, automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods, shipbuilding, and other miscellaneous uses).

About SBI Energy

SBI Energy, a division of MarketResearch.com, publishes research reports in the industrial, energy, building/construction, and automotive/transportation markets. SBI Energy also offers a full range of custom research services.

Source: SBI Energy

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