The
global Adhesives
And Sealants Market size was estimated at USD 107.27 billion in 2030
and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from
2024 to 2030. Rising investments in construction and infrastructure is
projected to play a key role in the expansion of the global adhesive &
sealants industry.
The
positive outlook of infrastructure projects across Asia, the U.S., the Middle
East, and Eastern Europe is likely to fuel the demand for adhesives and
sealants over the coming years. With environmental regulations forcing industry
participants to adopt eco-friendly products, water-based and non-solvent
products are projected to gain greater prominence in the market in the near
future.
Increasing
infrastructure spending across residential and commercial sectors worldwide is
propelling the installation of different types of flooring such as resilient
and wooden, which, in turn, is fueling the consumption of adhesives and
sealants. The rising need for residential space on account of the increasing
population as well as the rising standard of living is leading toward the
growth of the global industry.
The
adoption of adhesive products is substituting the usage of mechanical fasteners
in industries such as automotive, aerospace, and packaging. The use of such
products instead of conventional equipment offers a reduction in the final
weight of the product, which has become a key focus area in the automotive and
aerospace industries over the last half a decade. Most formulators in the
packaging industry also rely on adhesives rather than heavy bolting techniques
to minimize their freight charges.
The
major demand arises across multiple application scopes as buyers from diverse
fields demand high-quality, sustainable, and eco-friendly products. The demand
is high for adhesives & sealants, which have lower levels of Volatile
Organic Compounds (VOCs), give out fewer emissions, and provide aesthetic
bonding solutions across numerous substrates, simultaneously meeting
international and regional government regulations. Water-based products are
considered environment-friendly since they contain zero VOCs. They also provide
good long-term high temperature and moisture resistance.
List of Key Players in Adhesives And Sealants Market
- 3M Company
- Ashland Inc.
- Avery
Denison Corporation
- H B Fuller
- Henkel AG
- Sika AG
- Pidilite
Industries
- Huntsman
- Wacker
Chemie AG
- RPM
International Inc.
Related Press
Release@ Adhesives
And Sealants Market Report
Adhesives And Sealants Market Report Highlights
- Adhesives
accounted for a revenue share of over 86% in 2022 in the global market.
The market is projected to grow on account of rising construction spending
around the world, owing to growing demand in applications such as
flooring, carpet laying, countertop lamination, and drywall lamination,
etc
- In terms of
volume, Asia Pacific was the largest regional market in 2023 and is
anticipated to maintain its dominance over the forecast period. The growth
of the region is primarily attributed to the expansion of industrial
sectors in countries such as China, India, South Korea, Indonesia, and
Singapore among others
- Paper &
packaging application segment accounted for a volume share of 29.38% in
2023, in global adhesives demand. Rising demand for flexible packaging for
end-use industries such as food & beverage and consumer is projected
to benefit the expansion of the segment
- The
water-based technology segment is projected to grow on account of excellent
joining quality and fast set speed and reduction in the usage of
solvent-based technology formulations. This segment is likely to grow at a
CAGR of 6.5% from 2023 to 2030, in terms of revenue
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Adhesives and Sealants Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 75.63 billion |
|
Revenue forecast in 2030 |
USD 107.27 billion |
|
Growth rate |
CAGR of 6.0% from 2024 to 2030 |
|
Historical data |
2018 - 2023 |
|
Forecast period |
2024 - 2030 |
Recent Developments
·
In June 2023, H.B. Fuller acquired Beardow
Adams, a UK-based adhesive manufacturing company offering various industrial
adhesives. The acquisition will expedite H.B. Fuller’s growth in several core
markets, leading to increased profitability and business synergies through
production optimization, enhanced distribution capabilities, and innovative
solutions.
·
In
September 2022, Henkel AG & Co. KGaA announced expansion of its production
plant in South Dakota. This plant manufactures thermal interface material adhesives
for use in the electronics and automotive industries. The adhesives are sold
under the brands Loctite and Bergquist.
Adhesives And Sealants Market Segmentation
Grand
View Research has segmented the adhesives and sealants market report based on
product, technology, application, and region
Adhesives Technology Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Water Based
- Solvent Based
- Hot Melt
- Reactive
& Others
Adhesives Product Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Acrylic
- PVA
- Polyurethanes
- Styrenic
block
- Epoxy
- EVA
- Others
Adhesives Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Paper &
packaging
- Consumer
& DIY
- Building
& construction
- Furniture
& woodworking
- Footwear
& leather
- Automotive
& transportation
- Medical
- Others
Sealants Product Outlook (Volume, Kilotons; Revenue,
USD Million, 2018 - 2030)
- Silicones
- Polyurethanes
- Acrylic
- Polyvinyl
acetate
- Others
Sealants Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Construction
- Automotive
- Packaging
- Assembly
- Consumers
- Others
Adhesives & Sealants Regional Outlook (Volume,
Kilotons; Revenue, USD Billion, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Turkey
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- Central
& South America
- Brazil
- Argentina
- Colombia
- Middle East
& Africa
- Saudi
Arabia
- South
Africa
- UAE
