Adhesives and sealants are chemical formulations used to adhere and seal materials . By definition adhesives are substances used to hold two surfaces together strongly for a long time, whereas sealants are used to attach two surfaces and then fill the space between them to provide a protective coating. The increasing requirement of new consumer products is the driving force for technological progress for the adhesives and sealants market. Nowadays, each new product that is developed must not only be better and more favourably priced than its predecessor, but must also meet the requirement of sustainability. This is where the importance of adhesives and sealants comes into picture. The consideration of environmental aspects means that the development of new products is becoming ever more demanding and that manufacturers must take into consideration more complex requirements for their new products.
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The adhesive and sealant market has been segmented by formulation of adhesives, by type, application, end product and geography exclusively. The formulation of adhesives can be divided into water based, solvent based, hot melt and others. Based on the types of adhesive and sealants commercially available, the market is categorized in to various categories such as acrylics, epoxies, polyurethanes, silicones, phenolics, polyimides, polyvinyl acetate and others. Each type varies greatly and the composition is different with different technical specifications. The key end-user segments include building and construction, consumer, food and beverage industry, industrial assembly, paper and board packaging, transportation, wood working industry, and others.
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Adhesives and Sealants Market
The overall adhesives and sealants market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided.
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- Avery Dennison Corporation
- Arkema SA
- Mapei South Africa (PTY) Ltd.,
- Sika AG, Dow Corning Corporation
- Henkel AG & Co. KGaA.
