Adhesive center of gravity shifts to developing countries

2023-01-09 08:08:56
The Global Adhesives and Sealants Market Synthesis Report – announced by GIA a few days ago, reports that the global adhesive market will reach 25.4 billion pounds in 2015, while the sealant market will reach $6.35 billion. The report shows that the market for adhesives and sealants is related to many factors, including economic conditions, GDO growth, consumer purchasing power, and the market for end markets. As the markets of developed countries have matured, in order to avoid slumping sales, most companies have started to transfer to developing countries that can provide sustained market demand. According to a new research market report, the sealant market in the Asia Pacific region is expected to reach 816.6 million pounds in 2015. In terms of sealants, low-VOC adhesives and green adhesives and sealants have been developed from 2009 and 2010.

Silicone and polyurethane products account for the majority of the world's sealant market. In 2015, the global silicone sealant market will reach 1.6 billion US dollars. The research report was named "Adhesives and Sealants: A Global Strategic Business Report." It provides a review of market trends, major issues, competition, technology trends, product profiles, etc., and studies provide market estimates and values. In the study, the market for adhesives and sealants was analyzed based on chemical species classifications. Polyurethane products were included in both market segments. The specific market estimates for polyurethane adhesives and sealants have not been found in the report. Currently, major adhesive suppliers include: 3M, Adhesives Research, Ashland, AkzoNobel, BASF SE, Dow Automotive, Eastman Chemical, Henkel, Lucerne Specialty Chemicals, Huntsman Polyurethanes, ITW High-performance polymer consumer sector, PPG and so on.

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