Asia-Pacific is the leading global market for waterproof adhesives and sealants, in terms of value, and is expected to continue till 2020. The countries in this region such as China, Japan, India, and South Korea among others are witnessing a gradual increase in the demand of waterproof adhesives and sealants in the building & construction, transportation, electronics & electrical, packaging, and automotive industries.
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The growth is mainly driven by the increasing demand of waterproof adhesives and sealants in end-use industries. Waterproof adhesives and sealants are used in the building & construction, transportation, electronics & electrical, automotive, and packaging applications.
The accelerating growth of these industries leads to the high demand of waterproof adhesives and sealants in the region. This growth in Asia-Pacific is mainly due to the increasing demand for waterproof adhesives and sealants because of the easy of availability of raw materials, cheap labor, increasing urbanization, easy credit availability, and rising consumer spending in the region.
China is the highest producing as well as consuming country. China leads the Asia-Pacific waterproof adhesives and sealants market due to the rise of international companies setting up their production plants and offices in the country. The country being a driven economy provides opportunity for growth in new types of construction in healthcare, education and social infrastructure as well as retail and other consumer end-use industries. Most of the major players are expanding in the Asia-Pacific region to cope with the low price of the Chinese players.
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Waterproof adhesives and sealants are used in various applications such as building & construction, transportation, electronics & electrical, packaging, and automotive among others. Among the various chemistries, silicone is projected to be the fastest-growing chemistry of waterproof adhesives and sealants in Asia-Pacific.
The building & construction industry is projected to be the highest and fastest-growing application of waterproof adhesives and sealants in Asia-Pacific during the forecast period. The building & construction application of waterproof adhesives and sealants includes tiling, flooring, sealing the joints, pre-cast concrete panel joints, roofing, construction of curtain wall, and window glazing products among others. The major drivers of the construction industry are government spending, increasing population, high per capita income, and GDP growth.
Acquisitions and new product launches are some of the key strategies undertaken by major companies such as The 3M Company (U.S.), Huntsman corporation (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company (Germany), Mapei (Italy), and Sika AG (Switzerland) in the waterproof adhesives and sealants market. These strategies have helped enhance production and increase the demand for waterproof adhesives and sealants in the Asia-Pacific region.
Europe was the most active region, in terms of strategic initiatives undertaken between 2011 and 2015. Acquisition was the most preferred strategy in Europe. Companies such as Sika AG (Germany), Henkel AG & Company (Germany), and Bostik SA (France) made several acquisitions to serve their customers better and increase their market share.
Major manufacturers such as the 3M Company (U.S.), Huntsman Corporation (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company (Germany), Mapei (Italy), and Sika AG (Switzerland) among others are profiled in this report. These companies have adopted both organic and inorganic growth strategies such as acquisitions and new product launches.
Sika AG and Henkel AG & Company are the most active players in the waterproof adhesives and sealants market. Sika AG accounted for a share of 57.14% each in total developments, followed by Bostik S.A. and Henkel AG & Company with a share of 14% each during the forecast period. These companies witnessed the highest strategy adoptions amongst other players in the global waterproof adhesives and sealants market.
For instance, on March 2015 Sika AG acquired Construction Technology Australia Ltd., which helped the company to expand its manufacturing capacity. Similarly in October 2013, the company acquired AkzoNobel’s Building Adhesives business to increase its product offering.
Sika AG is the most active player in the waterproof adhesives and sealants market. It accounted for the largest share of all the development activities undertaken in the waterproof adhesives and sealants market. The company follows dynamic growth strategies with new product launches and acquisitions as the key growth strategies to enhance its presence in Asia-Pacific and North America.
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Another company that has established a strong foothold in the waterproof adhesives and sealants market is Bostik SA (France). Bostik SA is focused on inorganic growth strategy and has enhanced its product portfolio with acquisition to meet the growing demand of its potential customers. In July 2012, the company acquired Usina Fortaleza (Brazil), a tile adhesive manufacturer for construction industries, which helped Bostik SA to expand its business in the RoW region.
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