New York, NY -- (SBWIRE) -- 02/22/2018 -- Water based formulations dominated the market with an impressive 43.15% in 2016. The eco friendly nature of this technology aligning its characteristics with VOC emission norms is one of the factor fostering the growth of water based formulations demand. There will be a substantial slide in demand for solvent based formulations owing to international environmental forums regulations pressure on regions.

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Adhesives and Sealants market size was USD XX billion in 2017 and is expected to reach XX billion by 2022 growing at a CAGR of XX%. Strong growth and projections for the automobile and construction industry in the next 8 years from rising regional economies such as Asia Pacific, Africa and South America will likely foster the growth of this market. Rental vacancy rates in Asia-Pacific are at an all time low in 2017 and house ownership rates are witnessing a significant growth in this region prompting increasing demand for adhesives and sealants applicable construction materials.

Emerging markets for electronics, energy coupled with aggressive rise in industrialization rate in India, China Indonesia and Philippines in Asia Pacific is expected to have a positive growth in this market. Urbanization rate for South East Asia is estimated to be 35% by the IMF while the Pacific region's is estimated to be 85%. These indexes showcase rapid growth in housing and construction projects therefore directly positively impacting the adhesives industry. Rising economies in this region also owns a common phenomenon of substantial slum settlements which the working governments in this region are aggressively trying to eradicate.

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India expects more than 230 million of its residents moving into urban settlements in the next 10 years owing to decreasing agricultural economy. More than USD 2.5 billion dollars funds have been allocated in to housing projects for the slum dwellers in India and the turn key projects are expected to be handed over by the end of 2027. Major amount of demand for adhesives will be derived from this region along with Philippines and China who are all experiencing a similar trend.

Stabilizing commodity prices, returning political stability and increasing GDP in main Sub-Saharan Africa will also likely prompt the growth of the adhesives and sealants industry. This region exhibited a growth of 1.1% in three quarters since the end of 2016. Increasing construction index along with returning investments for oil and gas exploration will also likely drive the demand for the adhesives & sealants market.

This market is driven by increasing middle class incomes, rising economies and low raw material prices. Low commodity and chemicals such as ethylene, propylene and vinyl acetate monomers prices are allowing manufacturers in this market to enjoy an attractive profit margin. However, there remains concerns in this industry that there might be a rise in raw material prices as crude oil prices are registering an increase, however we estimate with U.S. resuming its ethylene and propylene exports in bulk and China operating in maximum utlization capacity, the prices will continue to remain low for the next 3-4 years.

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Acrylic segment was estimated to be the largest in 2016 and is estimated to continue doing so in the upcoming years. Acrylic accounted for a major share of more than 35% in 2016 and registered a growth of xx % during the forecasted period. Polyurethane derived products are estimated to be the most profitable during the period xx-yy owing to low raw material prices. Trends indicated a forecast in further dip of polyurethane prices in 2021-2022.

Sealant based sealants will have rising demand owing to its characteristics of high compatibility, strength and stability. Rising funding and investments in renewable power generations are also analyzed to drive aggressively the growth of the sealant market.

The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2017 to 2022? What will be the share and the growth rate of the Adhesives and Sealants Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Adhesives and Sealants market across the different regions?
- What are the challenges faced by the companies operating in the Adhesives and Sealants Market?
- What are the future prospects for the Adhesives and Sealants Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Adhesives and Sealants industry during the forecast period, 2017 to 2022?
- What are the future prospects of the Adhesives and Sealants industry for the forecast period, 2017 to 2022?

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