Adhesives & Sealants/Joining and Fastening

Published - Aug 2010| Analyst - Srinivasa Rajaram| Code - CHM048B
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Report Highlights

  • The global market for adhesives and sealants by product type was valued at $39.1 billion in 2009. This market is expected to reach $40.8 billion in 2010 and $52.1 billion in 2015, a compound annual growth rate (CAGR) of 5%.
  • Medical applications are expected to exhibit faster growth than other applications. This segment was worth an estimated $1 billion in 2010 and is expected to reach nearly 1.3 billion in 2015, a compound annual growth rate (CAGR) of 5.1%. 
  • The construction segment will grow at a 4.9% compound annual growth rate (CAGR) over the 5-year forecast period. This segment was worth $4.8 billion in 2010 and is expected to reach a value of $6.2 billion in 2015.

INTRODUCTION

Adhesives are substances capable of holding materials together in a useful manner by surface attachment. The principal attribute of adhesives is their ability to form strong bonds with the surfaces of a wide range of materials and to retain bond strength under expected use conditions. Most adhesives do not have excellent bulk properties; therefore, it is important to keep adhesive films thin. Some materials, such as epoxies, have bulk properties that qualify them as engineering materials and thus can be used in multifunctional applications. Adhesive is a general term and includes among others cement, glue, mucilage, and paste. All of these terms are loosely used interchangeably.

The principal advantages of adhesives are listed below:
  • Ability to bond similar to dissimilar materials of different thickness
  • Enable the fabrication of complex shapes not feasible by other fastening means
  • Smooth external joint surfaces
  • Permit economic and rapid assembly
  • Distribute stresses uniformly cover joined interfaces
  • Provide weight reduction in critical structures via the elimination of fasteners
  • Dampen vibrations
  • Prevent or reduce galvanic corrosion
  • Provide thermal and electrical insulation
The limitations of adhesives depend on the specific adhesive and application and may include the necessity of surface preparation, long curing times, service-temperature limitations, loss of properties during service, toxicity of flammability during assembly or use, and the tendency of many adhesives to creep under sustained load.
 
A sealant is a soft, pliable material that is used to seal cracks of joints where structural strength is not required. The sealant, initially fluid or semifluid, placed between two opposing solid materials, becomes solid itself (by solvent evaporation or chemical reaction), bonds to the surfaces it is applied to and accommodates joint movement. It prevents excessive absorption of adhesive or penetration of liquid or gaseous substances. A sealant has the adhesive and cohesive properties to form a seal and is used to create an impenetrable barrier to gas or moisture.
 
STUDY GOALS AND OBJECTIVES
 
This report studies the global as well as regional markets for adhesives and sealants, with the purpose of locating newer markets and expanding the present market position for various types of adhesives and sealants. A realistic forecast has been made for the future market for various types of adhesives and sealants.
 
The various technologies involved in the manufacture of different types of adhesives and sealants are studied, including the value of such products produced and utilized globally as well as in different regions during the last 3 years and the forecast for the next 5 years. The applications for each type of adhesive and sealant is looked into in detail with a view to establish the global as well as regional usage of different types of adhesives and sealants in various applications, and a future forecast has been made for such applications.
 
A broad look is taken into the increasing utilization of adhesives in place of various types of fasteners and different methods of joining in an ever-increasing number of applications and the impact of such newer methods on the economy as a whole. The environmental impact of utilization of various types of adhesives and sealants is also studied. The report studies the raw material requirement for global as well as regional production of adhesives and sealants and the effect of raw material supply over the production, pricing, and distribution of these products. Various types of new raw materials, which are being used with increasing newer applications, have also been studied. Various manufacturers of different raw materials needed for the production of adhesives and sealants and the market shares of such manufacturers and suppliers are also discussed.
 
The report also studies the product life style and technology life style (TLC) of various types of adhesives and sealants and methods employed by various manufacturers and users in maintaining ecological balance. Various types of new adhesives and sealants recently developed, such as nanoglues, which are becoming more popular in various applications are also studied. Finally, the report profiles various major manufacturers and suppliers of adhesives and sealants, and the various mergers and acquisitions in this field have been studied
 
REASONS FOR DOING THE STUDY
 
Successful operation of any company in a competitive market depends upon the identification of product opportunities from the viewpoint of the company’s strengths. For this, it is necessary to understand the size and growth rate of any opportunity and the competitive atmosphere in which the company exists. This report presents the ideal medium to understand the various exciting and growing opportunities in the field of adhesives and sealants and will help any prospective manufacturer, distributor, or even a user to succeed in this growing field.
 
INTENDED AUDIENCE
 
This report is intended to help marketing managers identify newer market opportunities and develop targeted promotion plans for adhesives and sealants. Research and development (R&D) professionals can use this report to stay on top of competitor initiatives and explore demand for adhesives and sealants to develop new products and for newer applications. Advertising agencies working with clients in the adhesives and sealants industry will be able to understand the products to develop messages and images that will influence consumers to purchase these products. Business development executives can use this report to understand the dynamics of the market and identify possible new markets. This report provides information and research center librarians the information necessary to provide market researchers and brand and product managers with the information they need to do their jobs more effectively.
 
SCOPE OF REPORT
 
The report has been prepared in a simple format that can be easily understood with number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of adhesives and sealants, with the reasons given for variations in the growth of the industry in certain regions.
 
INFORMATION SOURCES
 
The primary information sources used in preparing this report include booklets and pamphlets from manufacturers and suppliers of adhesives and sealants around the world, raw material suppliers for manufacture of these products, major users of these products, research organizations, governmental agencies, trade associations and various application equipment suppliers. Secondary research included sources, such as databases, trade literature, specialized journals, and government statistics. 
 
ANALYST CREDENTIALS
 
Srinivasa Rajaram is a mechanical engineer with more than 40 years of experience in senior positions in multinational organizations in the fields of weighing, dynamic balancing, and machine monitoring. He has designed layouts for these types of products for a number of manufacturing units.
 
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DISCLAIMER
 
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.

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Published - Sep-2007| Analyst - Srinivasa Rajaram| Code - CHM048A

Report Highlights

  • The global market for adhesives and sealants increased from $35.6 billion in 2006 to an estimated $36.9 billion in 2007. It should reach $46.4 billion by 2012, a compound annual growth rate (CAGR) of 4.7%.
  • The Far East represents the highest growth region. China, South Korea, Taiwan and Vietnam especially are expected to see significant growth.
  • Products expected to see the most growth include electronics adhesives for printed wiring boards, hot melt systems and automotive applications.
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