Adhesives and Sealants Market Size Share Research Report

Adhesives and Sealants Market

Adhesives and Sealants Market size is predicted to witness a promising growth over the forecast period (2020-2027), due to their cost-efficiency, strength, and cost-resilience features.

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Rapid urbanization and accelerating population across the emerging nations, resulting in growing demand for permanent houses and living spaces, has bolstered the demand for global adhesives and sealants market size. For example, as per the World Bank Group, China witnessed a drastic surge of 100 million in population, representing huge need for living spaces. Growing penetration of lightweight, fuel-efficient and low carbon-emitting vehicles has strengthened the supply of exclusive adhesives in automotive industry. The potency of these adhesives to decrease vehicles weight by replacing nuts and bolts is projected to bolster the market growth. However, the strict norms by the European Commission and Resin Committee (ERC) might hamper the adhesives and sealants market share.

By technology, water-based technology is anticipated to lead the market over the forecast period, owing to their growing adoption to reduce VOC discharges.

By product, acrylic segment is anticipated to witness a promising growth over the forecast period, due to their growing use in producing waterborne, heat resistant, and UV light curing adhesives. Moreover, the strong bonding, quick setting time and superior environmental resistance.

By region, Asia-Pacific is predicted to expand at a faster CAGR over the forecast period, owing to the increasing industrialization and rising GDP. As per the IBEF, investments in the Indian infrastructure is projected to reach US$ 778.90 billion by 2022 generating huge demand for adhesives.

Leading players operating in the market, include, 3M, H.B. Fuller Company., Henkel AG & Co. KGaA, Sika AG, Arkema, HUNTSMAN, AVERY DENNISON CORPORATION, Dow, Illinois Tool Works Inc., Wacker Chemie AG, among others.

Key Developments:

In 2020, Henkel AG & Co. KGaA innovated its new production facility in India to help the company cater the growing demand of the Indian industries for exclusive solutions in adhesives, sealants and surface treatment products.

In 2020, H.B. Fuller Company, introduced Full-Care 5885 to serve industry’s growing demand for natural-based hygiene articles.

Adhesives and Sealants Market Segmentation:

Adhesives and Sealants Market by Technology

• Water-Based

• Solvent-Based

• Hot-Melt

• Reactive

• Others

Adhesives and Sealants Market by Product

• Acrylic

• Polyvinyl Acetate

• Polyurethanes

• Styrenic Block

• Epoxy

• Ethylene-Vinyl Acetate

• Others

Adhesives and Sealants Market by Application

• Packaging

• Construction

• Furniture

• Footwear

• Automotive

• Others

Adhesives and Sealants Market by Region:

• Asia Pacific

o China

o Japan

o India

o Rest of APAC

• North America

o United States of America

o Canada

• Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

• RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

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