Adhesive is a broad term as it incorporates various materials like cement, glue, mucilage, and paste among others. Adhesives majorly comprise of polymers, which harden either in a physical manner or …
Adhesive is a broad term as it incorporates various materials like cement, glue, mucilage, and paste among others. Adhesives majorly comprise of polymers, which harden either in a physical manner or as a result of a chemical reaction, and are generally classified on the basis of their curing, or bonding, mechanism. On the other hand, a sealant is a soft, pliable material that changes state to become solid after application, and is chiefly employed for the prevention of air, noise, dust, fire, smoke, and liquid penetration, where structural strength is not required. Sealants fall between the higher-strength adhesives and extremely low-strength putties and caulks. Adhesives and sealants are categorized on the basis of whether the bonding involves a physical or chemical mechanism.
Adhesives and sealants are utilized in several industries including packaging, automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods, shipbuilding. Among all the applications, construction industry and durable assembly accounts for the maximum consumption of adhesives and sealants, followed by packaging and transportation. North America and Europe have been the largest markets for adhesives and sealants, together accounting for about two-thirds of the global market. The share of the emerging economies like Asia-Pacific, Africa, and the Middle East is expected to increase in the near future.
The end-use markets for the adhesives and sealants are highly correlated with the global economic conditions and the GDP. The global adhesives and sealants market is likely to be driven by the ameliorating the emerging economies, skewed trends in the US transportation sector and increasing demand for more environment friendly products. In addition, the growing application of adhesives in the medical applications is expected to bring new opportunities to the market.
The current report analyzes the global adhesives and sealants market, with focus on regions including North America, Japan and BRIC countries. Furthermore, market dynamics including the industry trends and development, growth drivers and challenges are discussed in detail. On the contention front, the respective market is quite fragmented and intensely competitive. The leading market players are; Henkel, Sika, 3M and HB Fuller. These companies are also profiled in the report.