APAC Driving Adhesive Resin Market Growth to 2020, Globally, at 4.88% CAGR

PUNE, India, September 15, 2015 /PRNewswire/ --

Contributing to adhesive resin market growth across the world is the resurgence of the construction sector, automotive market and medical adhesives market that are seeing growth with increasing use of adhesives in automotive manufacturing.

Complete report on adhesive resin market spread across 215 pages, profiling 10 major companies and supported with 114 tables and 57 figures is now available at http://www.rnrmarketresearch.com/adhesive-resin-market-by-technology-water-solvent-hot-melt-reactive-others-by-chemistry-pae-pva-vae-eva-sbs-synthetic-rubber-polyamide-polyurethane-epoxy-cyanoacrylate-others-by-application-global-forecast-to-2020-market-report.html .

The global value of adhesive resins market is estimated to be $11,339.66 million in 2015 and is projected to grow at a CAGR of about 4.88% between 2015 and 2020. Asia-Pacific is the biggest and the fastest growing region due to the growing demand for adhesives and sealants in India, China, Japan, South Korea, and Australia. North America is a matured market and is expected to grow with a low CAGR till 2020. From construction, packaging, automotive, furniture, footwear, electronics, ship-building, medical, to aerospace, adhesives are widely used in the manufacturing process. Specialty engineering adhesives are used in the construction and automotive industries, while general-purpose adhesives find applications in both commercial and industrial sectors like consumer goods and packaging. Encouraged by the advancements in curing technologies, adhesives are finding wider use in specialized applications in aircraft manufacturing and food processing.

The adhesive resin market demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies. Adhesives offer distinct advantages over mechanical fastening, sewing, and thermal bonding. Adhesives can bind diverse materials, distribute stress evenly across a joint and reduce cost. In addition, adhesive bonds are often more aesthetically pleasing and contribute to the value of consumer products. In the past, use of adhesives was limited by environmental concerns and regulations. However, recent development of bio-based ecologically friendly adhesives and solvent-free adhesives has removed many of these barriers. Specialty engineering adhesives are now needed for automotive assembly and aircraft manufacturing.

Companies profiled in this 2015 adhesive resin market report include E.I. Du Pont De Nemours and Company, Exxonmobil Chemical, Eastman Chemical Company, DOW Chemical Company, Evonik Industries, Lawter B.V., Mitsubishi Chemical Corporation, Ashland Inc., Georgia-Pacific Chemicals LLC and Yparex B.V. Order a copy of Adhesive Resin Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=393683 .

The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for adhesive resins in Asia-Pacific especially in China and India where there is robust growth in the adhesives industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the resins in the past made the market more strained for adhesive resins.

On a related note, another research titled Water Based Resin Market by types, by applications (adhesives, coatings, inks and others), by end-user industry (automotive, constructions, furniture, packaging, textiles and others) - Global Trends & Forecasts to 2020 says continuous growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the water based resin market. Asia-Pacific is the global leader in the consumption of water based resins and this dominance is expected to continue till 2020. China is the key market in the region, consuming more than half of the demand for water based resins, followed by Japan where consumption is growing steadily. Increase in the consumption of emulsion polymers that includes acrylics, vinyl acetate polymers, styrene-butadiene, etc. have been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. The countries covered in the report are China, Japan, India, South Korea, Taiwan, Brazil, Germany, the U.K., France, Italy, Spain, Russia, U.S., Canada, Mexico and South Africa. Companies like The Dow Chemicals, BASF SE, DSM, Allcoat Technology Inc., Gellner Industrial LLC, Conren Limited, Huntsman Corporation, Nan Ya Plastics Corporation, Eastman Chemical Company and 3M are profiled in this water based resin market research available at http://www.rnrmarketresearch.com/water-based-resin-market-by-types-by-applications-adhesives-coatings-inks-and-others-by-end-user-industry-automotive-constructions-furniture-packaging-textiles-and-others-global-trends-market-report.html .

Explore more reports on resins market and over all adhesives and sealants industry at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals/adhesives-sealants .

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