Published on August 4, 2014

The key factors driving growth of the global adhesives and sealants industry include expanding construction industry and growing transportation sector with increasing demand of green products. Industry analysts said that the end-user market for the adhesives and sealants are highly correlated with the global economic conditions and the GDP.

Some of the market players said that the growing application of adhesives in the medical applications is carrying new opportunities for adhesive industry. However, the growth of global adhesives and sealants industry is hindered by the strict regulatory compliance imposed on manufacturers and fluctuating raw material prices. To add further, increasing demand of green products is providing the enormous expansion opportunities for the adhesives and sealants market.

Industry experts believe that Adhesives market is growing with a good velocity owing to growth in packaging, transportation and durable assembly industry. The spending on construction activity has been steadily increasing over the past couple of years and same trend is anticipated to be observed in the near term, thus driving the growth of this industry around the globe.

Industry sources said that from last two to three weeks this sector is running with evenhandedly because of seasonal changes. They added that at present large players of the market actively participated in mounting their global market, while the small companies focusing more on new product developments. The market players have adopted the acquisition strategy to strengthen their position in the adhesives market.