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Asia Pacific continued to dominate the global adhesives market and accounted for 41.4% share of the total adhesives market in 2012, according to a new report from Research and Markets – ‘Adhesives and Sealants (Acrylic, PVA, PU, Epoxy, EVA, Silicones) Market – Global Industry Analysis to 2018’.
The growth of major end-use industries, including construction and transportation, mainly in the emerging economies of China and India, are expected to fuel the market for adhesives in the region. Asia Pacific was followed by Europe and North America, which together accounted for more than 50% of the total market in 2012.
Acrylic-based adhesives emerged as the largest consumed product and accounted for 35.4% of the total adhesives consumed in 2012. Acrylic-based adhesives are also expected to be the fastest growing product at a CAGR of 5.3% from 2012 to 2018, owing to increasing demand in pressure sensitive applications. Polyurethane-based adhesives accounted for just in excess of 10% of the total adhesives market in 2012.
Asia Pacific also emerged as the leading consumer for sealants and accounted for more than 35% of the total market in 2011. Asia Pacific was closely followed by Europe and North America, which together accounted for approximately 54% of the total market in 2011. Asia Pacific is also expected to be the fastest growing market for sealants, growing at a CAGR of 5% from 2012 to 2018.
