2014-01-28 10:09:01 - Global Adhesives and Sealants Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Adhesives and Sealants market is to grow at a CAGR of 3.86 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in R&D investment and activities. The Global Adhesives and Sealants market has also been witnessing an increasing demand from emerging markets. However, increasing price fluctuation of raw materials could pose a challenge to the growth of this market.
Emerging markets such as that in the APAC region are witnessing rapid growth in the Construction industry, both commercial as well as housing construction and an increasing number of infrastructural development projects. This is leading to an increasing demand for adhesives and sealants. China and India are expected to make significant
contributions to the Global Adhesives and Sealants market, especially in terms of volume. These countries are also expected to make remarkable contribution to the revenue generated by this market. For instance, companies such as H.B. Fuller have started their manufacturing facilities in China and India to gain economies of scale, due to the high production capabilities in these countries. Hence, growing demand from emerging markets is one of the major trends which is expected to propel the growth of the Global Adhesives and Sealants market during the forecast period.
One of the main drivers in this market is the increase in R&D. The vendors in the market are being pro-active in developing new technologies due to the increasing market demand and strict environmental regulations. Technological advancements in this industry are driving the growth of the market at an increasing pace. Technological advancements are key to the success of vendors in this market because most of the consumers in the market are industrial consumers who are themselves pro-actively investing in developing newer and better technologies for their market.
One of the key challenges confronting this market is the growing volatility in raw material prices. There is also a vast difference in the pricing of one raw material to another. In addition, suppliers of raw materials have high bargaining power and hence they can price the products depending on the demand of the raw materials and the complexity involved in implementing them in the production process.
The key vendors dominating this space include 3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG. The other vendors mentioned are Adhesives Research Inc., Ashland Specialty Chemical Company, Avery Dennison Corporation, BASF AG, Bayer AG, Beardow and Adams (Adhesives) Ltd., Bolton Group International Ltd., Bostik-Findley, Covalence Specialty Adhesives LLC, Dainippon Ink and Chemicals Inc., Dow Chemical Company, Eastman Chemical Company, Ferro Corporation, Hernon Manufacturing Inc., Hexion Specialty Chemicals, National Starch and Chemical Company, and Super Glue Corp.
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