Sample Global Adhesives and Sealants Market - Mordor intelligence

`

Sample

Global Adhesives and Sealants Market

(2015 – 2020)

Mordor Intelligence

Your Knowledge Partner

Mordor Intelligence | +1 617-765-2493 | No.30 Padma Nilaya, RT Nagar, Bengaluru, India 560032 | [email protected]


Sample Mordor Intelligence

2. EXECUTIVE SUMMARY

The global adhesives market was valued at USD 40,037.17 million in 2015 and is projected to reach USD

53,715.39 million by 2020, growing at a CAGR of 6.05%% during the forecast period, 2015 to 2020. The

global sealants market was valued at USD 6,354.62 million in 2015, and is projected to reach USD 8,539.49

million by 2020, growing at a CAGR of 6.09%, during the forecast period 2015-2020.

Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials

to adhere and seal them together. They are generally available in the liquid form, which is viscous in

nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding

power and have high tensile and shear strength. Adhesives are of two varieties, namely structural

adhesives (strength is vital for the success of the assembly) and non-structural adhesives (generally have

low strength, are used to bond weak substrates and for temporary fastening). Sealants are majorly opted

for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another

material. They have less strength compared to adhesives, but are more flexible in nature.

Adhesives and sealants, owing to their ability to bind different materials together by distributing stress

more efficiently across the joint, are becoming an integral part of various commercial and industrial

sectors. In the global adhesives and sealants market report, we have considered the following major end-

user sectors:

building and construction

paper, board, & packaging

transportation

woodworking and joinery

footwear & leather

healthcare

electrical & electronics

others



The paper, board, and packaging segment accounted for 23.88% share of the global adhesives market,

while building and construction segment accounted for 48.17% global sealants market in 2015.

The global adhesives and sealants market is driven by a number of factors, such as the accelerating

demand from the automotive industry, increasing demand from the packaging industry, and shifting focus

towards composites. However, the market faces certain drawbacks, such as stringent environmental

regulations regarding VOC emissions, and economic slowdown in Europe.

The global adhesives market, based on technology, can be broadly segmented into water-borne adhesives,

solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These segments are further

categorised according to the sub-segmentations of the technology. The global sealants market, based on

product type, can be broadly segmented into silicone sealants, polyurethane sealants, plastisol sealants,

emulsion sealants, and others.

The market has been geographically segmented into Asia-Pacific, North America, Europe, South America,

and Middle-East & Africa. With the improvement in the financial status of the consumers, the purchasing

power of the middle class consumers has increased, which in turn is augmenting the demand for

automobiles and buildings (in turn increasing the construction activities) in the Asia-Pacific region,

making the region an area of immense potential and opportunities. However, the volatility in the raw

material prices in the region has considerably hindered the growth of this market.

The recovering construction industry in the European region and accelerating demand for electric vehicles

across the world will offer numerous opportunities for the growth of the global adhesives and sealants

market. Some of the major companies dominating this market for its products, services, and continuous

product development are 3M, Dow Chemicals, Henkel AG & Co. KGaA, Avery Dennison, Royal Adhesives &

Sealants LLC, and Ashland Inc.



3. MARKET OVERVIEW AND TRENDS

3.2 LATEST TRENDS

3.2.1 RENUVA RENEWABLE RESOURCE TECHNOLOGY

Polyol industry is currently experiencing the trend of bio-based compounds. Further, a need for

dependable and high performing polyols strongly exists in the sector. As a move to capture this top

prospect segment, Dow Chemical Company with its RENUVA Renewable Resource Technology (RRT),

created a natural oil-based polyol, which not only delivers a performance like that of traditional polyol but

also boasts of unwanted odors. The RRT employed by Dow mainly involves breaking down of the natural

oil and functionalizing it. The fragmented molecules are then polymerized into designed polyols with

control of molecular weight and functionality for better consistency and higher quality.

Dow claims that this technology can be customized to meet the demands for one- and two- component

urethane adhesives and sealants. RRT boasts to enable customized polyols that cater to a wide range of

adhesive applications with unbeatable product performance and high levels of renewable content.

Developmental bio-based polyols from Dow for adhesive applications

Product Functionality OH#

Typical

Approximate Renewable

Content (% wt.)

Water

(ppm)

Typical Uses and

Applications

DWD

2215.01 2.0 40 40%

<400

ppm

Sealants and Elastomeric

Adhesives

DWD

2220.01 2.0 56 40%

<400

ppm


Adhesives

DWD

2208.01 2.0 125 40%

<400

ppm Adhesives

DWD

2342.01 3.0 67 35%

<400

ppm Adhesives

Source: Dow Chemical Company



RENUVA Technology allows the design of polyurethane structure to meet mechanical performance

requirements including tensile strength and modulus as well. The natural oil-based components also

boast of enhanced weatherability, environmental resistance and increased resistance to water.

Performance in Model Urethane Elastomeric Adhesive


Developmental bio-based polyols from Dow for sealant applications

Product Functionality OH#

Typical

Approximate

Renewable

Content (% wt.)

Water

(ppm) Typical Uses and Applications

DWD

2215.01 2.0 40 40% <400 ppm


Adhesives

DWD

2220.01 2.0 56 40% <400 ppm


Adhesives


1

0.76

1.771.64

0.3

1 1 1 1 1

00.20.40.60.8

11.21.41.61.8

2

Modulus Tensile Strength Adhesive StrengthPolypropylene

Adhesive StrengthSteel

Swelling in Water

RENUVA Technology Conventional Polyether



Potential benefits of employing RENUVA technology based polyols in adhesives and sealants

Acid Resistance

Excellent low-temperature flexibility

Good balanec of mechanical properties

Good wetting of low energy substrates

Hydrolytic resistance

Useful in making stable, low-viscosity urethane prepolymers

Good ultraviolet and oxidative stability.

---Detailed Analysis Available in the Full Report---



4. MARKET DYNAMICS

4.2 RESTRAINTS

4.2.2 STRINGENT ENVIRONMENTAL REGULATIONS REGARDING VOC EMISSIONS

There exists a massive amount of environmental concern involved in the adhesives & sealants market.

Emission of volatile organic compounds (VOCs) is a matter of concern. Constant push from regulatory

authorities such as EPA (Environmental protection agency) and REACH (registration, evaluation,

authorization, and restriction of chemicals) is likely to limit the use of solvent-borne adhesives and

sealants to reduce the impact on the environment.

Regulations in the United States

To maintain the air quality, individual state-level and even a pan-country rules exist in the United States,

governing the use of adhesives and sealants. The United States Environmental Protection Agency (EPA)

defined VOC as follows -

“Any compound of carbon, excluding carbon monoxide, carbon dioxide, carbonic acid, metallic carbides

or carbonates, and ammonium carbonate, which participates in atmospheric photochemical reaction.”

On a national level, the EPA fixed a rule mandating VOC limits for a broad range of consumer products to

include sealants and adhesives. Though the EPA haven’t drafted a national standard for industrial

adhesive applications, it has developed a Control Technology Guideline (CTG), mainly to assist local or

state’s air pollution control authorities, in the development of approaches to control VOC emissions from

miscellaneous industrial adhesive application processes.



Regional VOC regulations in some of the states of the United States (16 fl oz or Less)

State Effective Date Sell Through Expires State Rule

Connecticut 1/1/2009 Unlimited 22a-174-44

Delaware 5/1/2009-1/1/2017 Unlimited 1141

Illinois 7/1/2009-7/1/2012 Unlimited Title 35(B)223.200-285

Indiana 6/1/2011 Unlimited 326 IAC 8

Maine 1/1/2009 Unlimited 06 096 – Ch 149

Maryland 1/1/2009 Unlimited 26.11.35.01

Massachusetts 1/1/2009 Unlimited 310 CMR

Michigan 1/29/2007 Unlimited 2005-035EQ

New Hampshire 1/1/2007 – 1/1/2015 Unlimited Env-A 4100

New Jersey 1/1/2009 Unlimited 7:27-26

New York 10/15/2009 Unlimited 235-1

Pennsylvania 1/1/2009 Unlimited 25:130

Ohio 1/1/2009 Unlimited 3745-112

Rhode Island 7/1/2009 Unlimited 44

Washington DC 3/1/2011 Unlimited 20-7

Virginia 8/1/2010 Unlimited 9 VAC 5-45-6

Utah 9/1/2014 Unlimited 307-357

Source: State Websites, Mordor Intelligence Analysis



Source: State Website, Mordor Intelligence Analysis

Regional VOC regulations in some of the states of the United States (Larger than 16 gl oz)

State Effective Date Sell Through Expires State Rule

Connecticut 1/1/2009 Unlimited 22a-174-44

Delaware 5/1/2009 Unlimited 1141

Maine 1/1/2011 Unlimited 06 096 – Ch 149

Maryland 1/1/2009 Unlimited 26.11.35.01

New Jersey 1/1/2009 Unlimited 7:27-26

New York 9/30/2010 12/31/2011 235-1

Rhode Island 7/1/2009 Unlimited 44

Washington DC 3/1/2011 Unlimited 20-7

Pennsylvania 1/1/2012 Unlimited 25:130

Massachusetts 1/1/2015 9/1/2015 310 CMR 7.18(30)

Virginia 8/1/2010 Unlimited 9 VAC 5-45-4

Utah 9/1/2014 Unlimited 307-342



Source: State Websites, Mordor Intelligence Analysis

The local governments are now ensuring the firm compliance of these regulations by levying hefty fines

and penalties for sale or use of non-compliant products in the regulated states. CARB (California Air

Resources Board regulates the VOC for adhesives and sealants in the state. The following are the currently

effective regulations for products of 16 fl oz or less in the state.

Non-chemically Curing Sealant/Caulking compound VOC limit has dropped to 1.5%

Chemically Curing Sealant/Caulking Compound VOC limit has dropped to 3%

Aerosol Rust Converter – MIR Limit 1.10

The following are the thirteen air districts within California with VOC regulations for products larger

than 16 fl oz:

Antelope Valley AQMD

Shasta County AQMD

Tehana County APCD

Bay Area AQMD



El Dorado APCD

Placer County APCD

Sacramento Metro AQMD

San Diego APCD

San Joaquin APCD

Santa Barbara APCD

South Coast AQMD

Ventura County APCD

Yolo-Solano AQMD




4.4 PORTER’S FIVE FORCE ANALYSIS

4.4.1 BARGAINING POWER OF SUPPLIERS

The global adhesives and sealants market can be characterized by large manufacturer arena with

moderate supplier base. The degree of differentiation of inputs in the market was fair with a large chunk

of vendors offering similar quality of raw materials. However, the impact of inputs on cost or

differentiation remained high whilse catering to high-end applications. The presence of substitute inputs

remained flat while the supplier concentration to firm concentration ratio remained low with a large

number of manufacturers catering to the same end product. The strength of distribution channel

remained high during the forecast period with the established players in the market setting a robust

supply chain network. Employee solidarity remained relatively medium while the supplier switching costs

relative to firm switching costs remained fairly high during the past two years. On the downside, the ability

0

2

4

6

8

10

Supplier switching costs relativeto firm switching costs

Degree of differentiation ofinputs

Impact of inputs on cost ordifferentiation

Presence of substitute inputs

Strength of distribution channel

Supplier concentration to firmconcentration ratio

Employee solidarity (e.g. laborunions)

Supplier competition: the abilityto forward vertically integrate

and cut out the buyer



of vendors to forward vertically integrate and cut out the buyer remained high in 2015. As a whole, the

overall bargaining power of suppliers is moderate and is expected to rise in the light of growing vertical

integrations.

Bargaining power of Suppliers is Moderately High




5. MARKET SEGMENTATION AND ANALYSIS

5.1 ADHESIVES BY TECHNOLOGY

The global market for Adhesives can be broadly segmented into water-borne, solvent-borne, reactive and

hot melts by technology type. In 2015, the water-borne chemicals accounted for over 40% of overall the

market share owing to the current trend of environmentally friendly bio-based systems. The market for

this type is expected to take over the solvent-borne adhesives, growing at a higher CAGR of XX% during

the forecast period, due to the synthetic and polluting nature of the later. Hot melts are finding their

increased application across bookbinding, labeling, textiles and packaging industries. This market is

expected to gain significant traction, especially in the developing economies of Asia-Pacific region.

Reactive type adhesives have found their established employment in electrical and electronic industries

and the market for this type is poised to grow at a CAGR of XX% with improving parent market.

Global Adhesives Market Revenue, by Technology, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Water-borne XX XX XX 26,740.52 XX

Solvent-borne XX XX XX XX 5.71%

Reactive XX 7,296.44 XX XX XX

Hot melts XX XX 5,464.61 XX XX

Others XX XX XX XX XX

Total XX XX 40,037.17 53,715.39 6.05%

Source: Mordor Intelligence Analysis

Global Adhesives Market Value Share, By Technology (2016)




Global Adhesives Market, by Technology, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Water-borne XX 5,947.64 XX XX XX

Solvent-borne XX XX XX XX XX

Reactive XX XX XX XX XX

Hot melts XX XX XX XX XX


Total 10,427.11 XX XX XX 3.91%

Water-borne

Solvent-borne

Reactive

Hot melts

Others

SAMPLE FIGURE



Global Adhesives Market Volume Share, By Technology (2016)



Water-borne

Solvent-borne

Reactive

Hot melts

Others

SAMPLE FIGURE



5.1.1 WATER-BORNE

The global market for Water-borne adhesives accounted to USD 18,658.55 million in 2013. This market is

expected to touch USD 26,740.52 million by 2020, growing at a CAGR of XX% during 2015-2020. Water-

borne adhesives use water as a carrier or diluting medium to disperse a resin. Allowing the water to

evaporate or be absorbed by the substrate sets them. These adhesives are compounded with water as a

diluent rather than a volatile organic solvent, and they can be considered as low VOC adhesives. Water-

borne adhesives are produced from either soluble synthetic polymers (from polymers such as cellulose

ethers, polyvinyl alcohol, methylcellulose, carboxymethylcellulose, and polyvinylpyrrolidone) or natural

polymers (from vegetable sources such as starches and dextrins; protein sources such as blood, fish, milk

albumen, and soybean; and animal sources such as bones and hides).

Global Water-borne Adhesives Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Acrylic XX 11,393.67 XX XX XX

PVA Emulsion 4,597.72 XX XX XX XX

EVA Emulsion XX XX XX XX 5.87%

PU Dispersion and CR Latex XX XX XX 1,082.06 XX

Others XX XX 784.57 XX XX

Total 18,658.55 XX XX 26,740.52 XX




Global Water-borne Adhesives Market Value Share, By Type (2016)


Global Water-borne Adhesives Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Acrylic XX XX XX XX XX

PVA Emulsion XX XX XX XX XX

EVA Emulsion XX XX XX XX XX

PU Dispersion and CR Latex XX XX XX XX XX


Total XX 5,947.64 XX XX XX


Acrylic

PVA Emulsion

EVA Emulsion

PU Dispersion and CR Latex

Others

SAMPLE FIGURE



Global Water-borne Adhesives Market Volume Share, By Type (2016)


Global Water-borne Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)

Building & Construction XX XX XX XX XX

Paper, Board & Packaging XX 5,482.12 XX XX XX

Woodworking & Joinery XX XX XX XX XX

Transportation XX XX XX XX 6.90%

Footwear & leather 289.00 XX XX XX XX

Healthcare XX XX 1,248.34 XX XX

Electronics XX XX XX 2,392.38 XX


Total 18,658.55 XX XX 26,740.52 XX


Acrylic

PVA Emulsion

EVA Emulsion

PU Dispersion and CR Latex

Others

SAMPLE FIGURE



Global Water-borne Adhesives Market Value Share, by End-user Industry (2016)


Water-borne adhesives are increasingly becoming an integral part of various end-user industries, owing

to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties. They are

finding a wide range of applications in the automotive, construction, shoe, woodwork & furniture, mattress

and paper & packaging industries, among others.

Global Water-borne Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)


Paper, Board & Packaging XX XX XX XX XX


Transportation XX XX XX XX XX

Footwear & leather XX XX XX XX XX

Healthcare XX XX XX XX XX

Electronics XX XX XX XX XX




Building & Construction

Paper, Board & Packaging

Woodworking & Joinery

Transportation

Footwear & Leather

Healthcare

Electronics

Others

SAMPLE FIGURE



Global Water-borne Adhesives Market Volume Share, by End-user Industry (2016)


Global Water-borne Adhesives Market, by Region, 2013-2020 (in USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)

Asia Pacific XX XX XX XX XX

North America XX XX XX XX XX

Europe XX XX XX XX XX

South America XX XX XX XX XX

Middle-East and Africa XX XX XX XX XX

Total 18,658.55 XX XX 26,740.52 XX





Transportation

Footwear & Leather

Healthcare

Electronics

Others

SAMPLE FIGURE



Global Water-borne Adhesives Market Value Share, by Region (2016)


In 2015, Asia-Pacific region dominated the market for these adhesives, followed by North America and

Europe. China is currently leading the market in terms of consumption of water-based adhesives, followed

by India. However, the dearth of stringent norms regarding VOC emission from paints, coatings, sealants

and adhesives in the developing countries has considerably hindered the growth of this market. With the

improvement in the financial status of the consumers, the purchasing power of the middle class

consumers has increased, which in turn is accelerating the demand for automobiles and buildings in the

Asia-Pacific region. This in turn is making these countries a market of immense potential and

opportunities. Furthermore, the recovering construction industry in the European region will offer

numerous opportunities for the growth of the water-borne adhesives market.

Asia Pacific

North America

Europe

South America

Middle-East and Africa

SAMPLE FIGURE



Global Water-borne Adhesives Market, by Region, 2013-2020 (in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)

Asia-Pacific XX XX XX XX XX







Global Water-borne Adhesives Market Volume Share, by Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Technological Developments

The water-borne adhesives technology has been developed as a result of growing regulations, by the

environmental agencies, on adhesive manufacturers to produce eco-friendly substitutes of solvent-borne

adhesives, in order to reduce VOC emission. Water-borne dry bonding adhesive technology started with

barrier adhesives. Environmental pressure forced the advent of new acrylic emulsion technology with a

different perspective on the required performance for dry bonding. This technology has advanced to

broaden the spectrum of chemical type polymers that can be manufactured in water. Currently, there is a

high level of development activity for water-borne adhesives and this technology is expected to open up

huge latitudes for the market growth over the forecast period.

Even though the performance requirements of water-borne adhesives have escalated over time, the

research activity has slowed down due to technological maturity in the traditional adhesives. The industry

is attempting to revive research by focusing on process technology expertise and newer approaches, such

as nanotechnology.

The goal of the developments in water-borne adhesives technology is to reduce the environmental impact

and hazards associated with solvent-borne adhesives, without compromising on the performance quality

of adhesive-bonded joints. Some of the steps taken in this direction are:

Replacement of organic solvents, especially chlorinated solvents, with water

Aqueous Emulsion polymerization to replace sol-based polymerization

Surface treatment process development for water-borne adhesives

Development of solvent free, 100% solid adhesives

Development of safer cross-linking systems for 100% solid adhesives

Replacement of petroleum-derived polymers with bio-based alternatives



5.1.1.1 ACRYLICS

The global market for acrylic water-borne adhesives accounted to USD 11,393 million in 2014. This market

is expected to touch USD XX million by 2020, growing at a CAGR of XX% during the forecast period.

Acrylic resins are thermoplastic resins produced by the polymerization of methacrylic acid esters

(methacrylates) or acrylic acid esters (acrylates). Acrylic resins feature excellent transparency and

durability. Acrylic derivatives are added to heated plastic to create a material that has a high heat and

impact resistance, as well as good clarity and UV resistance. They find a broad range of applications in

molding materials, coatings, and adhesives because of these characteristics. Acrylic adhesives are fast-

setting and oxidation-resistant adhesives, which can be found in both water and solvent-based

formulations. Owing to their high strength, acrylic adhesives are commonly used for building &

construction applications, and a specialized variation is widely used for bonding implant prostheses to

bones. They find a wide range of applications in the health and medical field, electronic productions, and

appliance and automotive manufacturing.

Global Acrylic Water-borne Adhesives Market, by Region, 2013-2020 (in USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)










Global Acrylic Water-borne Adhesives Market Value Share, by Region (2016)


Asia-Pacific is currently the biggest market for acrylic adhesives, with China leading in terms of market

share. Increasing industrial investment and high GDP growth in the emerging economies of India and

China are expected to drive the demand for acrylic adhesives in Asia-Pacific. In North America and Europe,

the market is expected to grow at a sluggish rate, owing to stringent environmental regulation in the region

and market saturation in several end-user industries.

Global Acrylic Water-borne Adhesives Market, by Region, 2013-2020 (in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)






Total XX XX XX XX XX


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Acrylic Water-borne Adhesives Market Volume Share, by Region (2016)


The global market for acrylic-based water-borne adhesives is primarily driven by its growing demand in

the automotive industry. Acrylic adhesive offers advantages over other adhesives, since it works

efficiently even on contaminated surfaces, and has null affect on the aesthetics of the surface. However,

the environmental and health hazards associated with acrylic adhesives have led to stringent

environmental regulations in the industry, which has been a major factor hampering the growth of the

former market. The regulations have also increased the threat of substitution in the market. There have

been significant researches for developing bio-based acrylic adhesives, which is expected to offer a huge

growth opportunity in the market.

Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



5.3 BY END-USER INDUSTRY

Adhesives and sealants find their major application in building and construction, transportation,

packaging and electronics sectors. Others applications include woodworking & joinery, footwear & leather

and healthcare. As of 2015, the market for the former in building and construction alone, accounted to

over XX% of the overall market share. Recovering automotive industry with the stringent emission

regulations is place is expected to propel the market for adhesives and sealants at a higher CAGR off XX%

during the forecast period in the transportation industry.

Global Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)

Building & Construction XX XX XX XX 6.06%

Paper, Board & Packaging XX 9,161.67 XX XX XX


Transportation XX XX 4,053.62 XX XX


Healthcare 4,028.87 XX XX XX XX

Electronics XX XX XX 5,287.30 XX


Total XX XX 40,037.17 53,715.39 6.05%




Global Adhesives Market Value Share, by End-user Industry (2016)


Global Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)









Total 10,427.11 XX XX XX 3.91%





Transportation

Footwear & Leather

Healthcare

Electronics

Others

SAMPLE FIGURE



Global Adhesives Market Volume Share, by End-user Industry (2016)






Transportation

Footwear & Leather

Healthcare

Electronics

Others

SAMPLE FIGURE



5.3.2 PAPER, BOARD AND PACKAGING

The global market for adhesives in paper, board and packaging accounted to USD 9161.67 million in 2014.

This market is expected to touch USD XX million by 2020, growing at a CAGR of XX% during the forecast

period.

Global Adhesives Market in Paper, Board, and Packaging Industry, by Region, 2013-2020

(in USD million)

Region 2013 2014 2015 2020 % CAGR (2015-2020)








Global Adhesives Market Value Share in Paper, Board, and Packaging Industry, by Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Adhesives Market in Paper, Board, and Packaging Industry, by Region, 2013-2020

(in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Adhesives Market Volume Share in Paper, Board, and Packaging Industry, by Region (2016)


Adhesives, owing to their physical properties (such as adhesion to a variety of substances, bonding of

dissimilar materials, flexibility, high cohesive strength, resistance against thermal expansion, and

environmental resistance from UV light, salt water, rain and other weathering conditions) are used widely

in paper bonding. Their application range from corrugated box construction and the lamination of printed

Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



sheets, to packaging materials used for all types of consumer products and the production of large

industrial tubes and cores. Moreover, adhesives are also used in day-to-day used products, such as

bathroom tissues, books and paper towels. Sealants are used in the packaging industry to seal joints in

packaging material when necessary.

Global Water-borne Adhesives Market in Paper, Board, and Packaging Industry, by Region,

2013-2020 (in USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Water-borne Adhesives Market Value Share in Paper, Board, and Packaging Industry, by

Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Water-borne Adhesives Market in Paper, Board, and Packaging Industry, by Region,

2013-2020 (in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Water-borne Adhesives Market Volume Share in Paper, Board, and Packaging Industry, by

Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Solvent-borne Adhesives Market in Paper, Board, and Packaging Industry, by Region,


Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Solvent-borne Adhesives Market Value Share in Paper, Board, and Packaging Industry, by

Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Solvent-borne Adhesives Market in Paper, Board, and Packaging Industry, by Region,


Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Solvent-borne Adhesives Market Volume Share in Paper, Board, and Packaging Industry, by

Region (2016)


Out of paper, board and packaging, packaging accounts for the largest market for adhesives, and its

applications include composites containers and tubes, bags, carton side seam & closures, cups, labels,

remoistenable products, specialty envelopes, foil laminates, films, disposables (non-woven) and

Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



corrugated boards. Different types of adhesives are used for different products; for instance in laminating

films, solvent-based polyurethane adhesive is used. Sealants are used to seal joint parts in packaging

materials when necessary. In this segment, application of adhesives and sealants in bookbinding is also

included and it is used as a bonding material. The major used adhesives are emulsion and hot melt-based

adhesives.

Global Reactive Adhesives Market in Paper, Board, and Packaging Industry, by Region,


Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Reactive Adhesives Market Value Share in Paper, Board, and Packaging Industry, by Region

(2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Reactive Adhesives Market in Paper, Board, and Packaging Industry, by Region,


Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Reactive Adhesives Market Volume Share in Paper, Board, and Packaging Industry, by Region

(2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Hot Melt Adhesives Market in Paper, Board, and Packaging Industry, by Region, 2013-2020 (in

USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Hot Melt Adhesives Market Value Share in Paper, Board, and Packaging Industry, by Region

(2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Hot Melt Adhesives Market in Paper, Board, and Packaging Industry, by Region, 2013-2020 (in

thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Hot Melt Adhesives Market Volume Share in Paper, Board, and Packaging Industry, by Region

(2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Sealants Market in Paper, Board, and Packaging Industry, by Region, 2013-2020

(in USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)








Global Sealants Market Value Share in Paper, Board, and Packaging Industry, by Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Sealants Market in Paper, Board, and Packaging Industry, by Region, 2013-2020

(in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)







Global Sealants Market Volume Share in Paper, Board, and Packaging Industry, by Region (2016)


The global packaging industry has been in a growth phase over the past three years. North America and

Europe have mature packaging markets. Asia-Pacific region is witnessing considerable growth; especially

China and India are the major growing markets for this industry. As the packaging industry is growing, the

adhesives and sealants market will grow subsequently. Europe is the largest market for bookbinding

adhesives, followed by Asia-Pacific, North America and South America. The demand for books and related

materials is expected to increase with the increasing population and literacy rate around the world. This

will drive the market for the bookbinding adhesives.

Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



6. REGIONAL MARKET ANALYSIS

In 2015, North America market for Adhesives accounted to USD 8,754.02 million value and 2,095.06

thousand tonnes volume. Asia Pacific region alone accounted to over 25% of the overall market in 2015

and the market in the region is expected to grow at a higher pace with growing market for automotive,

packaging and electronics in this region.

Global Adhesives Market, by Region, 2013-2020 (in USD million)

Region 2013 2014 2015 2020 CAGR (2015-2020)

Asia-Pacific XX 15,594.30 XX XX XX

North America XX XX 8,754.02 XX XX

Europe XX XX XX XX 5.64%

South America 1,596.90 XX XX XX XX

Middle-East and Africa XX XX XX 697.50 XX

Total XX XX 40,037.17 53,715.39 6.05%


Global Adhesives Market Value Share, by Region (2016)


Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



Global Adhesives Market, by Region, 2013-2020 (in thousand tonnes)

Region 2013 2014 2015 2020 CAGR (2015-2020)

Asia-Pacific XX XX XX XX 4.38%

North America XX XX 2,095.06 XX XX

Europe 2,590.54 XX XX XX XX

South America XX XX XX 631.78 XX

Middle-East and Africa XX 155.87 XX XX XX

Total 10,427.11 XX XX XX 3.91%


Global Adhesives Market Volume Share, by Region (2016)


In terms of volume, European market for adhesives accounted to 2,590.54 thousand tonnes in 2013. The

market in terms of volume is poised to grow at a CAGR of 4.38% over the forecast period in the Asia

Pacific region.

Asia Pacific

North America

Europe

South America


SAMPLE FIGURE



6.1 ASIA-PACIFIC

China emerged as the single largest market for adhesives and sealants in the Asia Pacific region as of

2015. The former market is poised to grow at a CAGR of 5.39% in terms of value in the region over the

forecast period. With initiatives such as ‘Make in India’, the applicatory markets of industries, automotive

and electronics are expected to gain significant traction in the country, driving the market for the

dependent adhesives and sealants sector at a high CAGR over the forecast period.

Asia-Pacific Adhesives Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)

China XX XX 8,500.50 XX XX

India XX 1,235.37 XX XX XX

Japan XX XX XX XX 5.39%

South Korea 1,294.49 XX XX XX XX

Thailand XX XX XX 401.28 XX

Malaysia 170.58 XX XX XX XX

Indonesia XX XX XX XX XX

Australia & New Zealand XX XX XX XX XX

Rest of Asia-Pacific XX XX XX XX XX





Asia-Pacific Adhesives Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)

China XX XX XX XX XX

India XX XX XX XX XX

Japan XX XX XX XX XX

South Korea XX XX XX XX XX

Thailand XX XX XX XX XX

Malaysia XX XX XX XX XX




Total XX XX XX XX 4.38%


Asia-Pacific Water-borne Adhesives Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)














Asia-Pacific Water-borne Adhesives Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)












Asia-Pacific Solvent-borne Adhesives Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)














Asia-Pacific Solvent-borne Adhesives Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)












Asia-Pacific Reactive Adhesives Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)














Asia-Pacific Reactive Adhesives Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)












Asia-Pacific Hot Melt Adhesives Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)














Asia-Pacific Hot Melt Adhesives Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)












Asia-Pacific Sealants Market, by Country, 2013-2020 (in USD million)

Country 2013 2014 2015 2020 CAGR (2015-2020)














Asia-Pacific Sealants Market, by Country, 2013-2020 (in thousand tonnes)

Country 2013 2014 2015 2020 CAGR (2015-2020)












6.1.1 CHINA

The China market for adhesives and sealants accounted to USD XX million in terms of value and XX

thousand tonnes in terms of volume in 2015. The former market is expected to grow at a CAGR of XX%

and XX% in terms of value and volume respectively, over the forecast period.

China Water-borne Adhesives Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)









China Water-borne Adhesives Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)








China is an emerging economy and is the largest in terms of purchasing power parity; the second-largest

economy in terms of nominal GDP. In the year 2016, the nominal GDP in the country is expected to grow

at 6.5%, while in 2017 it is expected to grow at a slower rate of 6.3%. So far, the Chinese government’s

policies have been in line with the proposed objectives to implement economic reforms. China is the most

populated country in the world with high availability of skilled labor. China’s geographic location provides

easy access to industrial goods markets in neighboring countries and globally to other countries, making

it a major access point for manufacturers and suppliers. This has made China the largest manufacturing

country in the world.

China Solvent-borne Adhesives Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Chloroprene Rubber XX XX XX XX XX

Poly Acrylate (PA) XX XX XX XX XX

SBS Resin Adhesives XX XX XX XX XX






China Solvent-borne Adhesives Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Chloroprene Rubber XX XX XX XX XX

Poly-acrylate Adhesives XX XX XX XX XX

SBS Resin Adhesives XX XX XX XX XX




China is one of the largest exporters of adhesives to many countries, and the largest consumer as well.

The major adhesives manufacturing companies such as Henkel Ag & Co. KGaA, H.B. Fuller, Ashland Inc.

and others, have their manufacturing plants in China. Henkel, in the recent past, opened the world’s largest

adhesives factory in China, called the “Dragon plant,” while also focusing on their existing manufacturing

plants. With many western players establishing their production facilities in China, the overall production

of adhesives in the country is expected to increase considerably over the forecast period.

China Reactive Adhesives Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Polyurethane XX XX XX XX XX

Epoxy XX XX XX XX XX

Cyanoacrylate XX XX XX XX XX

Modified Acrylate XX XX XX XX XX

Anaerobic XX XX XX XX XX

Silicone XX XX XX XX XX






China Reactive Adhesives Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)


Epoxy XX XX XX XX XX

Cyanoacrylate XX XX XX XX XX

Modified Acrylate XX XX XX XX XX

Anaerobic XX XX XX XX XX





China is the largest producer of automotive with more than 24 million automotive produced in 2015; it

leads with the largest growth in the SUVs market with more than 5% sales growth in 2016. Used car sales

have also grown significantly. The construction sector slowed down after 2013, but still is the major

contributor to China’s GDP. Though the labor costs have increased, the construction activity is expected

to grow by 3.8% during the forecast period. The abolishment of the one-child policy is also expected to

increase the population in the future, further boosting the market for the construction sector. Citizens

older than 60 years of age in China have been increasing, which is expected to increase the demand for

new hospitals and medical care facilities. Growing construction industry is anticipated to increase the

market for adhesives & sealants in the country.



China Hot Melt Adhesives Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Ethyl Vinyl Acetate XX XX XX XX XX

Synthetic Rubber XX XX XX XX XX

Other XX XX XX XX XX



China Hot Melt Adhesives Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)

Ethyl Vinyl Acetate XX XX XX XX XX

Synthetic Rubber XX XX XX XX XX

Other XX XX XX XX XX



China Sealants Market, by Type, 2013-2020 (in USD million)

Type 2013 2014 2015 2020 CAGR (2015-2020)




Polyvinyl acetate XX XX XX XX XX






China Sealants Market, by Type, 2013-2020 (in thousand tonnes)

Type 2013 2014 2015 2020 CAGR (2015-2020)




Polyvinyl acetate XX XX XX XX XX




China Water-borne Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)













China Water-borne Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)











China Solvent-borne Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)













China Solvent-borne Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)











China Reactive Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)













China Reactive Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)











China Hot Melt Adhesives Market, by End-user Industry, 2013-2020 (in USD million)

End-User 2013 2014 2015 2020 CAGR (2015-2020)













China Hot Melt Adhesives Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-User 2013 2014 2015 2020 CAGR (2015-2020)











China Sealants Market, by End-user Industry, 2013-2020 (in USD million)

End-user Industry 2013 2014 2015 2020 CAGR (2015-2020)

Building and Construction XX XX XX XX XX

Paper, Board, & Packaging XX XX XX XX XX



Footwear and Leather XX XX XX XX XX

Health Care XX XX XX XX XX







China Sealants Market, by End-user Industry, 2013-2020 (in thousand tonnes)

End-user Industry 2013 2014 2015 2020 CAGR (2015-2020)

Building and Construction XX XX XX XX XX

Paper, Board, & Packaging XX XX XX XX XX



Footwear and Leather XX XX XX XX XX

Health Care XX XX XX XX XX





The electronics market in China has grown in the recent past with innovations and advanced technology

implementations. Electronic products such as smartphones, OLED TVs, tablets and so on, have the

highest growth in the market in the consumer electronics segment in the country. Since China emerged

as the cheap production hub for industries such as automotive, packaging and electronics, the packaging

industry is also growing in the country. China is the largest producer of footwear in the world. It is also

the largest exporter and consumer of footwear. There has been a significant growth in the footwear

market with the increase in consumer demand brought about by new lifestyle trends. Overall, the market

for adhesives & sealants is expected to grow at a high rate in the country.




7. COMPETITIVE LANDSCAPE

7.2 MARKET SHARE ANALYSIS

Globally, there are more than 1,500 suppliers competing in the sector (500 in the United States), with the

top 10 suppliers accounting for slightly less than 50% of the overall market. It is estimated that only 25 to

30 suppliers have sales in excess of USD 50 million and approximately 75 to 85 companies have sales

between USD 10 million and USD 50 million. An overwhelming majority of companies in this market have

annual sales of less than USD 10 million and focus on just one or two end-user markets. Overall, the

number of suppliers in the United States has remained relatively stable in the recent years.

Market Share Analysis (Sample Chart)

Henkel AG & Co. KGaA

3M

H.B. Fuller

XX

Arkema Group (Bostik)

XX

Sika

XX

Others

SAMPLE FIGURE



8. COMAPANY PROFILES (OVERVIEW, FINANCIALS, PRODUCTS &

SERVICES, AND RECENT DEVELOPMENTS)

8.45 SIKA AG

Overview

The company based in Switzerland, was founded in 1910. The company engages in the development and

manufacturing of products and systems for the sealing, bonding, protecting and reinforcing the building

and construction sector as well as the automotive industry.

The company offers numerous specialty chemical products for seven prime markets namely, flooring,

roofing, concrete, sealing & bonding, waterproofing, refurbishment, and industry (which include

automobile and commercial vehicle assembly, marine vessels, automotive aftermarket, renewable

engines, and façade engineering).

Sika AG has recently acquired a large number of companies recently from all over the world. In 2013, Sika

acquired five companies with 1,058 employees and annualized sales of CHF 372 million: AkzoNobel’s

Building Adhesives business (Europe), Everbuild (The United Kingdom), Texsa (India and Mexico), Optiroc

(Singapore and Malaysia) and Radmix (Australia). The most recent acquisition is an Australian company,

Construction Technologies Australia Pty Ltd., which manufactures tile adhesives and associated mortar

products in Australia.

Financials (in CHF million)

Year Net Sales Operating Profit Net Income

2015 5,489.2 673.3 465.1

2014 5,571.3 633.2 441.2



Sales by Region

Region Sales (in CHF million)

Europe, Middle-East and Africa 2,600

North America 839

Latin America 600

Asia-Pacific 1,017

Other Segments and Activities 433

Net Sales 5489

Source: Company data, Mordor Intelligence Analysis

47.4%

18.5%

15.3%

10.9%

7.9%

Sales by Region

EMEA

Asia-Pacific

North America

Latin America

Other Segments and Activities



Sales by Market

Segment Sales

Construction 4,359

Industry 1,130

Net Sales 5,489

Source: Company data, Mordor Intelligence Analysis

Products and Services

Types Products

Structural Adhesives

SikaMelt

SikaForce

Sikadur

Interior Adhesive

SikaMelt

SikaSense

SikaTherm

79.4%

20.6%

Sales by Market

Construction

Industry



Types Products

Exterior Adhesives

Sikaflex

SikaForce

Sikasil

SikaMelt

SikaFast

Paint Shop Sealants SikaSeal

Sikaflex–AT Series

Assembly Line Adhesives

Sikaflex

SikaForce

SikaTack

Sika HydroPrep

Body Shop Adhesives SikaPower

SikaSeal

Civil Engineering Sealants Sikaflex

Sikasil

Building Envelope Sikaflex

SikaHyflex

Recent Developments

Date Description

May, 2016 Sika launches SikaGrout, which is a blend of cement binders, admixtures, and additives

to enhance the properties for underwater hydraulic performance

Mar, 2016 Sika was awarded the 2015 European BIW Automotive Adhesives Product Leadership

Award, for its two flagship adhesives products SikaSeal and SikaPower

Apr, 2015 Sika Automotive won two awards in the 2015 Automotive PACE Award ceremony. The

company won product innovation award for Sikaflex ultra-high and Modulus Adhesives



Date Description

(UHM) for mixed material bonding and innovation partnership award for its collaboration

with BMW

Mar, 2015

SikaMelt-9185 IA (a next generation adhesives, which enable fully-automated bonding of

junction boxes to back sheets of photovoltaic modules) won OTTI innovation award 2015

at 30th Photovoltaic Symposium in Germany

Mar, 2015

Sika launched SikaCeram-290, a star light adhesive, which is suitable for tile-fixing

solution, suitable for swimming pools, facades, heated floors, and heavy-duty industrial

flooring

Jan, 2015

Sika acquired Dura-Moza, a Mozambique based company, which manufactures tile

adhesives and mortar. This acquisition will aid in accelerating the development and

market penetration of the company

Nov, 2014 The company launched a project Mesh Mould in collaboration with chair for digital

fabrication and architecture at ETH Zurich



TABLE OF CONTENTS

1. Introduction

1.1 General Study Assumptions

1.2 Study Deliverables

2. Executive Summary

3. Market Overview and Trends

3.1 Market Overview

3.2 Latest Trends

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Porter’s Five Force Analysis

5. Market Segmentation and Analysis

5.1 Adhesives by Technology

5.1.1 Water-borne

5.1.1.1 Acrylics

5.1.1.2 Polyvinyl Acetate (PVA) Emulsion

5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion

5.1.1.4 Polyurethane Dispersions & CR (Chloroprene Rubber) Latex

5.1.1.6 Others

5.1.2 Solvent-borne

5.1.2.1 Styrene-Butadiene Rubber (SBR)



5.1.2.2 Chloroprene Rubber

5.1.2.3 Poly Acrylate (PA)

5.1.2.4 Others

5.1.3 Reactive

5.1.3.1 Epoxy

5.1.3.2 Modified Acrylics

5.1.3.3 Silicone

5.1.3.4 Polyurethane

5.1.3.5 Anaerobic

5.1.3.6 Cyanoacrylates

5.1.3.7 Others

5.1.4 Hot-melts

5.1.4.1 Ethylene Vinyl Acetate

5.1.4.2 Synthetic Rubbers

5.1.4.3 Others

5.1.5 Others

5.2 Sealants by Product Type

5.2.1 Silicone

5.2.2 Polyurethane

5.2.3 Acrylic

5.2.4 Polyvinyl Acetate

5.2.5 Others

5.3 By End-User Industry



5.3.1 Building and Construction

5.3.2 Paper, Board, & Packaging

5.3.3 Transportation

5.3.4 Woodworking & Joinery

5.3.5 Footwear and Leather

5.3.6 Healthcare

5.3.7 Electrical & Electronics

5.3.8 Others

6. Regional Market Analysis

6.1 Asia-Pacific

6.1.1 China

6.1.2 India

6.1.3 Japan

6.1.4 South Korea

6.1.5 Thailand

6.1.6 Malaysia

6.1.7 Indonesia

6.1.8 Australia & New Zealand

6.1.9 Rest of Asia-Pacific

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 France



6.2.4 Italy

6.2.5 Rest of Europe

6.3 North America

6.3.1 United States

6.3.2 Canada

6.3.3 Mexico

6.3.4 Rest of North America

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle-East and Africa

6.5.1 Saudi Arabia

6.5.2 South Africa

6.5.3 UAE

6.5.4 Rest of Middle-East and Africa

7. Competitive Landscape

7.1 Mergers & Acquisitions

7.2 Joint Ventures, Collaborations, and Agreements

7.3 Market Shares Analysis

7.4 Strategies Adopted by Leading Players

8. Company Profiles

8.1 3M Co.



8.2 AdCo (UK) Limited

8.3 Adhesive Technologies Corp.

8.4 Adhesive Technologies Inc. (AdTech)

8.5 Adhesives Research Inc.

8.6 Aerocoll Chemie GmbH

8.7 Alfa International Corp.

8.8 American Biltrite Inc.

8.9 American Chemical Inc.

8.10 Arkema Group (Bostik SA)

8.11 Ashland Inc.

8.12 Avery Dennison Corp.

8.13 Beardow & Adams (Adhesives) Ltd

8.14 Benson Polymers Ltd.

8.15 BÜHNEN

8.16 Chemence Ltd.

8.17 Artimelt AG

8.18 DELO Industrial Adhesives

8.19 Dow Chemical Co.

8.20 Dow Corning Corporation (U.S.)

8.21 Drytac

8.22 Dymax

8.23 Dynea AS

8.24 Evans Adhesive Corporation Ltd.



8.25 Franklin International

8.26 H.B. Fuller Co.

8.27 Helmitin Adhesives

8.28 Henkel AG & Co. KGaA

8.29 Hexcel Corp.

8.30 Hexion

8.31 Huntsman Corp.

8.32 ITW Performance Polymers (Illinois Tool Works Inc.)

8.33 Jowat AG

8.34 KMS Adhesives

8.35 LORD Corp.

8.36 Mactac

8.37 Mapei Spa

8.38 Master Bond

8.39 Ninghai Dingcheng Adhesive Co., Ltd.

8.40 Paramelt B.V

8.41 Permabond Engineering Adhesives Ltd.

8.42 Pidilite Industries Ltd.

8.43 Royal Adhesives and Sealants

8.44 RPM International Inc.

8.45 Sika AG

8.46 Super Glue Corp.

8.47 Tesa SE (A Beiersdorf Company)



8.48 The Reynolds Co.

8.49 Wacker Chemie AG

8.50 Wisdom Adhesives Worldwide

8.51 Yokohama Industries

9. Disclaimer



RESEARCH METHODOLOGY

Introduction

The research process adopted for this entire study is a highly structured, two-stage process: size

estimation of the review period, and the market engineering for the forecast period of the global, country

and segment-level data that leads to the Data Generation Process (DGP) for the studied variables. The

size estimations are carried out through multiple bottom-up & top-down approaches. The bottom-up

approach includes the examining of historical revenues of key players, studying the size of the

applications, value and supply-chain analysis and end-user demand, which are then cross-validated by

secondary and primary resources. The top-down approach is an astute research process where the global

market sizing is carried out through the secondary research, validated by primary industry experts.

In this report, for analyzing the future trends for the studied market during the forecast period, we have

incorporated rigorous statistical and

econometric methods, further scrutinized by

secondary, primary sources and by our in-

house experts, supported through our

extensive data intelligence repository. The

market is studied holistically from both

demand and supply-side perspectives. This is

carried out to analyze both end-user and

producer behavior patterns, in the review

period, which affect price, demand and

consumption trends. As the study demands

analyzing the long-term nature of the market, the identification of factors influencing the market is based

on the fundamentality of the study market. Through secondary and primary research, endogenous &

exogenous factors are identified and are transformed to quantitative data through data extraction, and

further applied for inferential purposes.

Market Engineering

Secondary Research

Primary Research

Econometric Modelling

Value-Supply Chain

Analysis

Expert Validation



Analysis Methodology

Study Structure

Data Extraction Process

Data Corroboration

Analysis(Econometric Forecast Modelling + Secondary

Research + Expert) Verification)

Inference Data Generation Process

(DGP) and Forecasts

Info-graphical and Comprehensive

Presentation of Inferences and Estimates

Technology / Market

Identification

Market Definition Segmentation

Key Countries /

Regions Mapping of Key

Players

Value / Supply Chain Analysis

Identification of Exogenous

Factors

Recent Market Developments / Competitive Landscaping

Validation of Market Size Estimates

Consumer Behavior Analysis

Market Dynamics

Market Structure Analysis

Top-Down Approach

Bottom-Up Approach

Segment and Region-wise Market

Size Forecasting

Market Share

Market Structure Company Profiles

Porter’s Five Forces Analysis

Competitive Landscape

Market Sizing



Study Phases

Secondary Research

The first phase of the research process is extensive secondary research and identification of related

intelligence from our data repository on the study market. Secondary data is compiled from various

databases such as industry bodies, associations, journals, company annual reports, white papers and

research publications by recognized industry experts, paid data sources and other published literature.

Data regarding the business plans and strategies of companies are derived from recent annual/investor

reports of key industry players for qualitative comparisons and analysis; financial data of these

companies are sourced primarily from Industry Association & Stock Exchange Filings to maintain a

standard benchmark.

Discussion Guide

The next phase is preparing an exhaustive discussion guide. The primary purpose of this phase is to

extract qualitative information regarding the market from the key industry leaders. The information

collated information is further carried out for quantitative analysis. The document helps in identifying the

major segments, market factors such as drivers, restraints, challenges, key economic factors, interaction

between market players, supply-value chain structure, bottom-up and top-down nature of the market,

competitive landscape, recent long-term and short-term strategic developments, and the market shares

of key market players. The document helps in deciding the scope and deliverables of the study, in terms

of the requirement of the market.

Secondary Research

Primary Research

Discussion Guide


Expert Validation

Data Triangulation

Report Writing




The next phase is market engineering, which involves analyzing

the collected data, market breakdown and forecasting. Macro &

micro economic indicators, which are exogenous & endogenous

in nature, are identified through causal & correlation analysis,

which are further analyzed with the study variables to derive

statistical inferences on the study market. A structural forecast

model is developed in the process, and the most statistically reliable model is considered for forecasting.

Methods such as Markov Chain and Monte Carlo simulation are used to estimate the dynamics between

the sub-segments. Such attained data points are verified by the process of data triangulation, which

includes expert opinions and primary sources, to validate the numbers and arrive at close estimates.

Following data validation, the analysts begin to write the report. They garner insights from data and

forecasts, which are then drawn to visualize the entire ecosystem in a single report.

Expert Validation

The final phase before the report writing is the expert validation, where the estimated and projected values

through data triangulation are cross-validated through market experts or key people from the concerned

industry. They can be senior researchers, Directors, CFOs or CEOs. The cross-validated estimates are

finally approved by in-house experts.

SOME OF OUR CLIENTS

DISCLAIMER

Mordor Intelligence Reports and their contents, including all the analysis and research containing valuable

market information, are provided to a select group of customers in response to orders. Our customers

acknowledge when ordering that Mordor Intelligence strategic analysis services are for our customers’ internal

use and not for general publication or disclosure to third parties.

Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. Mordor

Intelligence takes no responsibility for any incorrect information supplied to us by manufacturers or users.

No part of this strategic analysis service may be given, lent, resold or disclosed to non-customers without written

permission. Reproduction and/or transmission in any form and by any means including photocopying,

mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited.

ABOUT US

Mordor Intelligence is a global market research and consulting firm. Our singular focus is to provide research

insights for business success.

Our research team has expertise in diverse fields like Agriculture, Healthcare, ICT, Chemicals, Manufacturing,

Logistics, Electronics and Automotive. However diverse the expertise maybe, everyone in our team shares one

common trait - we love data and we love providing solutions to clients using that data even more. Seeing your

business flourish based on our solutions and strategy is what we love the most.

For information regarding permissions and sales, please contact: [email protected]

mailto:[email protected]

We can add to your revenues without being your cost.

Mordor Intelligence | +1 617-765-2493 | No.30 Padma Nilaya, RT Nagar, Bengaluru, India 560032 | [email protected]

Business

Sample Global Adhesives and Sealants Market - Mordor intelligence