Estimated global adhesive market is US$40.5 billion in sales in 2018. The global adhesive and sealants industry is expected to witness moderate growth and reach an estimated $58.14 billion by 2018 with CAGR of 6.21%. The global market for adhesives was 8,977 kilo tons in 2018 and is expected to reach 12,392 kilo tons by 2020, growing at a CAGR of 4.7% from 2017 to 2020. Up until recently, Europe dominated the market, but the APAC region’s rapidly expanding packaging, construction and transportation industries has created a surge in demand. Asia-pacific is the largest consumer of adhesives with major countries China and India which amount to 34.4% in 2011 . The next largest consumer is American countries which amounts to 32.9%. Followed by European countries which amounts to 25.3%.
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