Adhesives are referred to as the binding material which is applied to different surfaces of material to prevent separation. Adhesives are generally available in synthetic and natural types and are further categorized as reactive and non-reactive forms. Sealants are widely available as a viscous material with very little or no flow for easy penetration of the substrate. Although the basic application of sealants and adhesives is almost the same however, sealants lack strength and elongation as compared to adhesives. Sealants are usually preferred if they are resistant, insoluble and provide appropriate adhesion.
The global adhesives and sealants market is expected to be driven by the growing end-user industries such as construction and automobile industry. Adhesives and sealants are mainly used in construction industry to manufacture panel laminates, insulation, flooring, facades, and coatings among others. Moreover, the developing technology along with the wide range of sealants and adhesives application is expected to boost the overall growth of the market. In Latin America, cement is another major application segment of adhesives and sealants market in construction industry. The sealants which are silicone based are expected to be largest growing segment of the sealants. Water proofing market is expected to be one of the fastest growing consumers of the adhesives and sealant market. Brazil is expected to drive the market in future as it is expected to host the 2016 Olympic which has prompted the growth of the construction industry and in turn would increase the demand for adhesives and sealants in the country.
Major players of the adhesives and sealants market include BASF AG, 3M Company, Avery Dennison Corporation, Bostik SA, Dow Chemicals, H.B Fuller Company, UNISEAL INC, Henkel AG & Co. KGaA and Ellsworth Adhesives among others.
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