Along with growing applications in these industries, adhesives and sealants are expected to experience moderate growth in other applications such as furniture, pressure sensitive accessories, footwear etc. Major industry participants are now focusing on development of bio-based adhesives and sealants, in order to reduce reliance on synthetic adhesives and sealants. Asia Pacific continued to dominate the global adhesives market and accounted for 41.4% share of the total adhesives market in 2012.

Furniture is expected to be the fastest growing market for adhesives at a CAGR of 5.9% from 2012 to 2018. The growing disposable income level mainly in BRIC (Brazil, Russia, India and China) is one of the major factors driving the demand for adhesives in the furniture industry. Unlike adhesives, sealants have lower strength and higher elongation, which makes them ideal for sealing assemblies and joints.

Silicone based sealants are also expected to be the fastest growing type of sealants growing at a CAGR of 5% from 2012 to 2108. The growth in demand for silicone based sealants is mainly due to increasing innovative product development catering to the growing automobile and packaging industries where sealants are extensively used for lamination and protection.