Adhesives and Sealants Market Outlook -Surging demand in Automobile and Construction Industry Augmenting Market Growth

 Adhesives and Sealants Market

Asia Pacific is expected to be one the major revenue contributors due to the presence of emerging economies and supportive government policies in the region. For instance, Make in India initiative by Government of India aims to boost the manufacturing of  passenger vehicles to 9.4 million in the country, by 2026. Moreover, due to rampant economic growth and rapid urbanization in in India and China, the demand for adhesive and sealants in Asia Pacific, is expected to witness tremendous growth over the forecast period.  The growth of the market is also fueled by burgeoning growth experienced in various end-use industries in the region. Demand for modern buildings and commercial complexes with glass exteriors is increasing, in turn driving growth of the global adhesive and sealants market.

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Adhesives and Sealants Market – Regulatory Scenario:

• United States Environmental Protection Agency (EPA), September, 2008, published Control Technique Guideline (CTG) for industrial adhesives with requirement on Volatile Organic Compound (VOC) content of adhesive application method at facility, to sustain VOC emission of 15 lb/day or less.
• United States Environmental Protection Agency (EPA), September 20, 2011, enforced regulation on use of adhesive and sealants, which contains chloroform, ethylene dichloride, methylene chloride, perchloroethylene or trichloroethylene.
• United States Environmental Protection Agency (EPA), January 1, 1993, banned the use of adhesives, sealants, adhesive bonding primers, adhesive primers, sealant primers, or any other primer with a VOC content of over 250 g/L less water and less exempt compounds.
• The Council of The European Communities on May 16, 1983, amending directive 77/728/EEC on the approximation of the laws, regulations, and administrative provisions of the Member States relating to the classification, packaging, and labelling of adhesives, paints, varnishes, printing inks and similar products (83/265/EEC).

Some of the key companies leading the market are 3M, The Dow Chemicals Company, Henkel AG & Co. KGaA, Avery Dennison, Royal Adhesives & Sealants LLC, Ashland Inc., Akzo Nobel NV, Arkema SA, BASF SE, Bemis Company Incorporated, Berry Plastics Corporation, RPM International, DuPont, and Evans Adhesive Corporation Limited, among others. Manufacturers are working closely with OEMs and R&D centers of major automotive players, to bridge the demand gap and offer tailored- products.

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