TechNavio recognizes the following companies as the key players in the Global Adhesives and Sealants Market: 3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market 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 Inc., Covalence Specialty Adhesives LLC, Dainippon Ink and Chemicals Inc., Dow Chemical Company, Eastman Chemical Company, Ferro Corp., Hernon Manufacturing Inc., Hexion Specialty Chemicals Inc., National Starch and Chemical Company, and Super Glue Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-adhesives-and-sealants-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Adhesives and Sealants Market 2012-2016
