Published on June 23, 2014

Adhesives, Sealants and Automotive Coatings market has been scrutinizing bulge demand from promising countries Worldwide.

According to sources, there is an increase in demand from construction and building industry for water proofing systems and cement and is further expected to boost the demand for adhesives and sealants sector in Indian market. Some market players said that in coming time demand for structural adhesives will take a bulge due to higher demand from automotive and transportation sectors of country. 

Some of the industry analyst said that in recent time the mounting raw material costs is creating a challenge to the intensification of adhesive market. However, growing demand for various types of coatings is contributing to the adhesives market growth.

The application of adhesives in some industries is likely to further strengthen the industry. The Adhesive Manufacturing industry consists of a large number of diminutives to midsize firms. Presently there is a shift in the manufacturing processes in the aircraft and automotive industry as heavy materials are replaced by plastics, leading to intensification in the adhesive market.

Market analyst predicts that with the growth in the adhesives sector demand for related chemicals also will heighten in near future. There are some chemicals which is mostly used heavily in this industry such as Vam, Bam, Melamine and MEK.

Styrene butadiene rubber adhesives and latex sealants are the fastest growing types of adhesives and sealants. Source said that in recent time adhesives industry is running with a moderate pace. Medical adhesives and sealants is a new application area which holds potential for growth in the industry in near term.