The Global Adhesives and Sealants market is to grow at a CAGR of 3.86 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in R&D investment and activities. The Global Adhesives and Sealants market has also been witnessing an increasing demand from emerging markets. However, increasing price fluctuation of raw materials could pose a challenge to the growth of this market.
Emerging markets such as that in the APAC region are witnessing rapid growth in the Construction industry, both commercial as well as housing construction and an increasing number of infrastructural development projects. This is leading to an increasing demand for adhesives and sealants. China and India are expected to make significant contributions to the Global Adhesives and Sealants market, especially in terms of volume. These countries are also expected to make remarkable contribution to the revenue generated by this market. For instance, companies such as H.B. Fuller have started their manufacturing facilities in China and India to gain economies of scale, due to the high production capabilities in these countries. Hence, growing demand from emerging markets is one of the major trends which is expected to propel the growth of the Global Adhesives and Sealants market during the forecast period.
One of the main drivers in this market is the increase in R&D. The vendors in the market are being pro-active in developing new technologies due to the increasing market demand and strict environmental regulations. Technological advancements in this industry are driving the growth of the market at an increasing pace. Technological advancements are key to the success of vendors in this market because most of the consumers in the market are industrial consumers who are themselves pro-actively investing in developing newer and better technologies for their market.
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