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.
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.
Reference:
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