Global Adhesives & Sealants Market ----------------------------------------------------- 2014

Global Adhesives & Sealants Market
----------------------------------------------------2014
Executive Summary
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, 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.
The key factors driving growth of the global adhesives and sealants industry include expanding construction industry, growing
transportation sector and increasing demand of green products. 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 Asia Pacific markets, 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. However, the growth of global adhesives and sealants industry is hindered by the strict regulatory compliance imposed on
manufacturers and fluctuating raw material prices.
Adhesives and sealants are utilized in several industries including packaging, automotive, electronics, footwear, construction repair
and remodeling, textiles, consumer goods, and shipbuilding. Among all the applications, packing, construction industry, durable
assembly and transportation sector accounts a major part of adhesives and sealants.
The present report offers a comprehensive analysis of the global adhesives and sealants market along with a detailed study of the
regional markets including North America, Japan, Asia and Europe. The competition in the respective market is intense with few large
players viz. Henkel, H.B. Fuller, Sika and 3M. The competitive landscape along with the company profiles of the leading players in the
market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of
the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS
Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several
independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and
tests.
Adhesives and sealants are utilized in several industries including packaging, automotive, electronics,
footwear, construction repair and remodeling, textiles, consumer goods and shipbuilding.
US$ Billion
North American Adhesives Market by Value (2008-2014E)
• One of the largest adhesive markets, North America was worth
US$.... billion in 2013, compared to US$..... billion in the previous
year. This represented a y-o-y incline of …..%, in contrast with the
previous year’s …..% y-o-y growth. The market showed a CAGR of
…..% for the period spanning 2009-2013.
2014E
2013
2012
2011
2010
2009
2008
• The sealants market in North America has grown by ….% in
2013, accounting for US$.... billion compared to US$.... billion in
the prior year. In 2012, the y-o-y growth was ….%, and this growth
is further projected to recoup in 2014. The sealant market is
expected to reach US$.... billion in 2014, representing ….% growth.
Global Adhesives and Sealants Market by Region (2013)
US$ Billion
North American Sealants Market by Value (2009-2014E)
•As of 2013, the largest region for adhesives and sealants was
Asia, which constitutes ….% of the total market. It was followed by
Western Europe and North America, both accounting for ….%
share each for the aforementioned year.
2009
2010
2011
2012
2013
2014E
Asia
Western Europe
Eastern Europe
North America
South America
Middle East & Africa
Adhesives and sealants are categorized on the basis of whether the bonding involves a physical or
chemical mechanism.
Japan’s Adhesives Production Volume (2008-2013)
‘000 Tons
• Japan’s adhesives production volume has witnessed an incline
from … tons in 2012 to … tons in 2013, representing ..% increase.
The production of adhesives in Japan recorded a CAGR of …% for
the period spanning 2009-2013. The transportation and industrial
assembly sectors are most dynamic end markets for adhesive
industry in the region.
2013
2012
2011
2010
2009
2008
• The major claimant of the adhesives and sealants is packaging
industry which accounted for ….% of the total markets. Other major
market includes building and construction, with …% share, followed
by sealants and woodworking which had …% and …% respective
share.
Adhesive and Sealant Market by End-Market
Packaging
Sealants
Assembly
Consumer
Building & Construction
Woodworking
Transportation
Others
• As of 2013, the maximum share in the overall adhesive
production was constituted by the formaldehyde-type adhesives
with …%, followed by water based and pressure sensitive
adhesives with …% and …% share respectively.
Japan’s Adhesives Production Share by Product Type (2013)
Formaldehyde-type Adhesives
Solvent-type Adhesives
Water-based Adhesives
Hot-melt Adhesives
Reactive Adhesives
Pressure Sensitive Adhesives
The key factors driving growth of the global adhesives and sealants industry include expanding
construction industry, growing transportation sector and increasing demand of green products.
Million Tons
EMEA Adhesives and Sealants Demand by Region (2012)
• As of 2012, EU-27 is the region with the largest adhesive and
sealant demand of … million tons in EMEA region. It was followed
by Eastern Europe which had the total demand of … million tons.
The projected growth rate of the region is …% for the period from
2012-2015 with Turkey being the most dynamic market for
adhesives and sealants.
Africa
Middle
East
Turkey
Eastern
Europe
EU-27
• China held ….% of the total palm oil exports from Malaysia.
European Union represented ….% share, closely followed by ….%
share of India. Further, top 8 importers of palm oil from Malaysia
collectively accounted of ….% of palm oil exports
Malaysia- Export of Palm Oil by Selected Countries (2013)
China
EU
India
Netherlands
Pakistan
The US
Iran
Japan
Others
• The adhesives and sealants market is quite fragmented. Henkel,
the leader of the adhesive industry, held only …% of the total
market, followed by Sika with …% of the global market share in
2013. Other companies with notable share in the global adhesive
market are RPM, ITW, Bostik, 3M and H.B. Fuller.
Global Adhesives Market Shares by Company (2013)
Henkel
Sika
RPM
ITW
Bostik
3M
H.B.Fuller
Others
The growing application of adhesives in the medical applications is expected to bring new opportunities to
the market.
Global Adhesives and Sealants Market (2011-2017F)
 In terms of volume, the adhesive and sealants market witnessed a decline of ….% in 2013 as a result of scarcity of raw material which
affected the whole supply chain of the market. The market accounted for … million tons in 2013, as compared to … million tons in 2012.
However, the market is anticipated to growth by …% in 2014 and further ….% in 2015, to reach for ... million tons. This growth is forecasted on
account of improved raw material availability and stabilizing prices.
 The global adhesives and sealants market is growing at a very fast pace. Factors like increasing spending on construction, growing
transportation industry and improving economic condition are driving the market. The global market is anticipated to reach US$... billion by
2017 compared to US$... billion in 2013. Global adhesives and sealants market is poised to grow at a CAGR of ….% for the period spanning
2013 to 2017.
 The ever-increasing need for high standard performance across all modern applications is driving the growth of adhesive and sealants
market. The market of North America & Latin America was estimated to account for …. million tons in 2013. EMEA and Asia-Pacific & Oceania
demand volume was …. million tons and ….. million tons, respectively. These regions are anticipated to reach respective demand of …. million
tons, …. million tons and …. million tons by the end of 2015.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
2017F
2016F
2015F
2014F
2013E
2012
2011
2015E
2014E
2013E
2012
2011
2010
2009
2008
2007
US$ Billion
Million Tons
Global Adhesives and Sealants Market by Volume (2007-2015E)