Global adhesives and sealants market sizes were 9.39 million tons and 1.84 million tons in 2014 respectively. The growth of major end use industries such as packaging, construction and automotive is expected to be a major driving factor for the global industry. Increasing penetration across insulation, facades, panel lamenting, flooring, lamination, and coating have also generated high product demand. Sealants are available in a viscous form with little or no flow and are increasingly being preferred in applications that require easy substrate penetration, resistance to corrosion and material insolubility. Increasing adhesives demand in pressure sensitive applications, packaging, construction, furniture and automotive applications are also expected to fuel industry growth. Global adhesives market has been classified into water-based, solvent-based, hot melt, and reactive on the basis of technology. Water-based formulations were the most dominant technology with over 45% of the total demand in 2014. One major factor contributing to their higher demand is their eco-friendly nature with zero VOC emission. They are expected to completely replace solvent-based counterparts over the forecast period owing to stringent environmental regulations aimed at the latter. Reactive technology is utilized on a smaller scale compared to others; however products based on this technology have the longest-lasting bond strength and relatively higher temperature resistance. These are widely used in the electronics and electrical industries. Water-based formulations are expected to be the fastest growing technology at an estimated CAGR of 5.4% from 2014 to 2020. Hot melt technology usually caters to niche applications (substrates and specific end-uses such as book binding, packaging, labeling, and textiles) owing to their broad formulation latitudes. Hot melt adhesives consumption is rapidly increasing in developed and developing countries, with its global revenue expected to exceed USD 7 billion by 2020.