REACTIVE SPECIALTY ADHESIVES MARKET ANALYSIS

Regional Analysis

Market Outlook

The Asia Pacific region is leading the demand for reactive specialty adhesives, and is expected to remain dominant during the forecast period. Countries such as China and India are generating the highest market share owing to a large consumer base and high number of export activities. Increasing gross domestic product and disposable income in emerging economies has resulted in growth of end user industries in the Asia Pacific region. Europe is estimated to emerge as the second largest market for reactive specialty adhesives, however the trend may be overshadowed by increasing demand from markets in the Middle East and Asia Pacific. Furthermore, regulations implemented by environmental agencies in Europe and North America are likely to hinder market growth in these regions. Key players are focusing on expanding their footprint to untapped markets, which is expected to result in higher growth opportunities in regions such as Africa and South America.