The global adhesives and sealants market size was valued at USD 61.60 billion in 2020, and is predicted to be worth around USD 100.41 billion by 2030, registering a CAGR of 7.0% during the forecast period 2022 to 2030.
Rising investments in construction and infrastructure are projected to play a key role in the expansion of the market. 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 the 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 rising standard of living is leading toward the growth of the global industry.
|Market Size||US$ 100.41 billion by 2030|
|Growth Rate||CAGR of 7.0% From 2022 to 2030|
|Largest Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Segments Covered||Technology, Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||3M Company; Ashland Inc.; Avery Denison Corporation; H B Fuller; Henkel AG; Sika AG; Pidilite Industries; Huntsman; Wacker Chemie AG; RPM International Inc|
By Technology Analysis
The reactive and others segment held the largest revenue share of over 46.0% in the global adhesives market. Reactive technology-based products offer several advantages and thus are the key factors behind the growth of the segment.
The hot melt segment is anticipated to grow at a lucrative pace from 2021 to 2030. Within the textiles and fabrics industry, the use of polyester hot melt adhesives started gaining prominence in the last decade. The wider use of the product was observed in cotton, wool, and fabrics sub-sectors over the last few years.
The use of hot melt adhesive products in the dashboard of automotive vehicles is increasingly becoming popular across the globe. These products find applications in the dashboard wherein they offer reduced vibrations, coupled with greater insulation from the sound.
By Product Analysis
The silicones segment accounted for the largest share of over 30.0% in 2020, in terms of volume, in the global sealants market. The segment is projected to grow on the account of rising construction activities and investments in infrastructure space.
Polyurethane adhesive products exhibit superior properties such as fast curing, good abrasion and chemical resistance, and excellent bond strength on various substrates such as metal, plastic, rubber, wood, and glass. These products are generally based on reactive technology and contain polymers, which have urethane linkages.
Epoxy-based products adhere to a wide variety of materials and their superior properties are dependent on the nature of cross-linking polymers. They provide high resistance to chemicals and environments and high-temperature resistance, along with high strength bonding on a variety of substrates.
By Application Analysis
The paper and packaging segment was the largest segment in the adhesives industry and accounted for a revenue share of over 25.0% in 2020. Flexible packaging is projected to provide new avenues for market players over the coming years.
The building and construction segment is projected to provide numerous opportunities in the industry. This segment in the adhesives and sealants industry is witnessing rapid technological and architectural innovation.
Demand for products in the assembly of electrical and electronics components is projected to benefit the global market. China is among the leading countries for the production of various electrical and electronic components at the global level.
By Regional Analysis
Asia Pacific dominated the market and accounted for over 35.0% share of the global volume in 2020. The COVID-19 pandemic created a sizable impact on various industries such as textile and garments, construction, and automotive in 2020, wherein export trade was also largely impacted.
GCC is one of the key growth engines for the Middle East and Africa. Growing construction activities in the GCC region are likely to fuel the demand for adhesives and sealants over the forecast period. In the recent past, the housing sector in GCC countries did not perform well. This was mainly due to the decline in oil prices and economic slowdown.
Government initiatives for economic recovery are anticipated to fuel the infrastructural developments in Central and South America. The construction industry in countries such as Argentina, Colombia, and Peru is expected to witness growth over the forecast period.
Avery Denison Corporation
H B Fuller
Wacker Chemie AG
RPM International Inc.
By Adhesives Technology
Reactive & Others
By Adhesives Product
By Adhesives Application
Paper & Packaging
Consumer & DIY
Building & Construction
Furniture & Woodworking
Footwear & Leather
Automotive & Transportation
Central & South America
Middle East & Africa
Central & South America
Middle East & Africa
The adhesives and sealants market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of adhesives and sealants market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global adhesives and sealants market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the adhesives and sealants market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted adhesives and sealants market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the adhesives and sealants capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of adhesives and sealants by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global adhesives and sealants market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major adhesives and sealants market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of adhesives and sealants market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the adhesives and sealants industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
adhesives and sealants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adhesives and sealants market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of adhesives and sealants market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new adhesives and sealants market. These factors have benefited the growth of the global market for adhesives and sealants. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for adhesives and sealants. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of adhesives and sealants are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: