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ASC MARKET REPORT HIGHLIGHTS GROWTH OPPORTUNITIES IN ASIA
Adhesive and Sealant Market Demand 9.7 billion pounds; expected to grow 5% through 2015
Bethesda, MD – August 19, 2013 – The Adhesive and Sealant Council (ASC) expects the Asia Pacific region total adhesive and sealant demand to grow 5% annually through 2015, reaching 11 billion pounds of wet formulated product. The market currently stands at 9.7 billion pounds of wet formulated product, with an estimated market value of approximately US$13.8 billion.
“The Asia Pacific region data continues to indicate a positive growth curve, with all countries showing positive trends,” notes Matthew E. Croson, President of ASC. “In fact, it remains the fastest growing region for adhesives and sealants on a global basis through 2015.”
The 2012-2015 Asia Pacific Market Study for Adhesives and Sealants provides market size breakdowns and an overview for countries within the region highlighting: China, Japan, India, Oceania, South Korea, Taiwan, Vietnam, and the rest of Asia.
The market study contains 93 pages of 100 Tables and Figures, which provide market data by end use market segment, technologies, and product categories as defined in the Harmonized Definitions for Adhesives and Sealants approved and adopted in 2012 by the Adhesive and Sealant Council (North America), Chinese Adhesive and Tape Industry Association (China) and Federation of European Industries Colles (Glue) and Adhesives (European Union).
Data was obtained by DPNA International from direct interviews with adhesive and sealant manufacturers, industry associations, suppliers to the industry, and end users, in addition to government and financial sources and DPNA’s ongoing updated database.
The ASC 2012-2015 Asia Pacific Market Report is produced by the ASC in partnership with DPNA International, Inc., a leading market analyst and research firm that is also an affiliate member of the Council. The data within the reports was collected using primary research and market reports from a variety of sources and in collaboration with several trade organizations. The definitions used within the reports are harmonized with the global adhesive and sealant community. For additional information and to order the report, click here.
The Adhesive and Sealant Council (ASC) is a North American trade association dedicated to representing the adhesive and sealant industry. The Council is comprised of 129 adhesive and sealant manufacturers, raw material and equipment suppliers, distributors and industry consultants, representing more than 75% of the U.S. industry with operations around the world. Offering education, legislative advocacy, professional networking and business growth solutions for its members, the ASC is the center of knowledge and catalyst for industry growth on a global basis for manufacturers, suppliers and end-users. For more information about ASC, visit www.ascouncil.org.