Adhesives and Sealants Market Size, Share, Growth by 2028
Adhesives and Sealants Market Share, Size, Trends, Industry Analysis Report, 2021 - 2028

Adhesives and Sealants Market Share, Size, Trends, Industry Analysis Report, By Product Type (Acrylic, Silicone, Polyurethane, Polyvinyl Acetate); By Adhesion Technology; By End-Use; By Region; Segment Forecast, 2021 - 2028

  • Published Date:Sep-2021
  • Pages: 117
  • Format: PDF
  • Report ID: PM1164
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Outlook

The global adhesives and sealants market size and share was valued at USD 63.6 billion in 2020 and is expected to grow at a CAGR of 5.2% during the forecast period. Adhesives are used for permanent bonding and holding of surfaces such as metals, ceramics, glass, and plastics, among others. Sealants attach to two surfaces to provide a barrier or protective coating.

Sealants offer properties such as corrosion resistance and insolubility, which assist in filling gaps and voids. Adhesives and sealants are used in varied industries such as automotive, construction, packaging, industrial, marine, aerospace, and electronics, among others. There has been a high demand for adhesives and sealants from the automotive industry.

Adhesives and sealants are multifaceted substances utilized in a broad gamut of applications covering several varied industries. They are utilized to connect and secure substances from plastic and metal to ceramics and glass and are necessary constituents in several manufacturing procedures. Adhesives are utilized to connect two or more substances cohesively by configuring a robust bond between them. Sealants contrarily are utilized to bridge gaps or joints to prohibit air or water from progressing through.

Adhesives and sealants are normally utilized in several industries for securing and sealing motivations. Albeit they are productive substances they also possess the possibility to injure the environment if not managed appropriately. One of the considerations is the material selection, in which there should be a selection of adhesives and sealants that are eco-friendly and do not entail detrimental chemicals. The adhesives and sealants market trend includes there being the usage of water-dependent adhesives rather than solvent-dependent adhesives, as they are extremely detrimental to the environment.

The research study provides a comprehensive analysis of the industry, assessing the market on the basis of various segments and sub-segments. It sheds light on the competitive landscape and introduces Adhesives And Sealants Market key players from the perspective of market share, concentration ratio, etc. The study is a vital resource for understanding the growth drivers, opportunities, and challenges in the industry.

Adhesives and Sealants Market Size
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The COVID-19 outbreak has impacted the market owing to operational challenges, transportation delays, travel restrictions, disruption of the supply chain, and workforce impairment. The industry is experiencing a shortage of raw materials such as alcohol, photoinitiators, and dyes and pigments.

Whereas raw materials like alcohol have been diverted for hand sanitizers and cleaning products, the supply of other raw materials has been restricted due to restrictions on the movement of goods from Europe, China, and India. Manufacturing activities have been halted due to various government regulations across the globe.

Some industries experiencing growth in demand for adhesives and sealants include medical devices and equipment, packaging, construction such as hospitals and quarantine centers, and home décor & DIY residential.

Some sectors that remain neutral in terms of growth during the pandemic include infrastructure projects and commercial construction. Industries that have been severely affected by the pandemic include industrial manufacturing, transportation, residential construction, oil & gas, and automotive, among others.

The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking the adhesives and sealants market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily. 

Adhesives And Sealants Market

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Industry Dynamics

Growth Drivers

These adhesives are used for a wide range of interior, exterior, and under-the-hood applications. The growth in the global automotive sector, increasing demand for modernized vehicles, and growing development of autonomous vehicles are expected to fuel the demand for the product in the future.

The global adhesives and sealants market is fueled by economic growth in countries such as China, Japan, and India, rising industrialization, and growing penetration of automobiles in Asia-Pacific. Global players are expanding into these countries to tap the market potential of the electronics industry.

Technological advancements and established R&D institutes in China and Japan further contribute to the growth. There have been new product launches and acquisitions by leading players in the market coupled with technological advancements.

Growing disposable income, changing lifestyles, increasing investment in the construction industry, and public infrastructure development would support the market growth. Increasing awareness associated with green and sustainable buildings is expected to offer market growth opportunities during the forecast period.

The growth in market demand from the healthcare sector has increased significantly owing to growing investments in research and development and medical advancements. The rise in demand for technologically advanced medical equipment, growing healthcare expenditure, and increasing need to offer enhanced medical services to patients have increased the applications of adhesives and sealants.

Adhesives and Sealants Market Report Scope

The market is primarily segmented on the basis of product, adhesive technology, end-use, and region.

By Product

By Adhesion Technology

By End-Use

By Region

  • Acrylic
  • Silicone
  • Polyurethane
  • Polyvinyl Acetate
  • Others
  • Solvent-based
  • Water-based
  • Reactive
  • Hot Melt
  • Others
  • Automotive
  • Building & Construction
  • Packaging
  • Healthcare
  • Electrical & Electronics
  • Consumer Goods
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Netherlands, Austria)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE)

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Insight by Product

The product segment has been divided into acrylic, silicone, polyurethane, polyvinyl acetate, and others. The market demand for polyurethane is expected to increase during the forecast period. Polyurethane adhesives and sealants are used in diverse industries owing to their high performance in challenging environments.

These adhesives and sealants work with porous and nonporous materials such as paper, leather, metals, concrete, plastics, wood, rubber, epoxy, and glass. These adhesives and sealants are usually waterproof, weatherproof, and capable of operating under a wide temperature range. Some applications of polyurethane adhesives and sealants include footwear, textile laminates, and automotive interiors, among others.

Insight by Adhesion Technology

The adhesive technology segment has been divided into solvent-based, water-based, reactive, hot melt, and others. Water-based technology accounted for a significant share in the global market in 2020. These adhesives and sealants are increasingly being used owing to growing environmental concerns and the rising trend of green technology. Low volatile organic compounds in water-based adhesives and sealants, reduced weight, and greater performance have increased market demand over the forecast period.

Insight by End-Use

On the basis of end-use, the market is segmented into automotive, construction, packaging, healthcare, electrical and electronics, consumer, and others. The construction segment dominated the global adhesives and sealants market. In the construction sector, adhesives and sealants find a wide range of applications in flooring, walls and roofs, and outdoor applications.

Adhesives and sealants provide strong bonds to concrete and wood, metal, glass, and stone while offering high heat- and chemical resistance. They provide high strength, solubility, flexibility, appearance permanence, and corrosion resistance, among others. Growth in the construction sector and the development of public infrastructure are expected to provide growth opportunities.

Geographic Overview

The Asia Pacific dominated the global adhesives and sealants market in 2020. Increasing urbanization, growing research and development activities, expansion of international players in this region, and technological advancements are some factors attributed to the growth of this region.

The industrial growth in countries such as China, India, and Japan, rising automotive penetration, and increasing construction and development activities boost the growth of this region. Increasing applications in the electronics, healthcare and footwear sectors have further increased the region's demand for adhesives and sealants.

Competitive Landscape

The leading players in the adhesives and sealants market include Arkema S.A., Artimelt AG, Avery Dennison Corporation, H.B. Fuller Company, 3M Company, Ashland Global Specialty Chemicals Inc., AdCo (UK) Ltd, Henkel AG, Beardow Adams, Huntsman Corporation, Dow Inc., Sika AG, Illinois Tool Works Inc., Wacker Chemie AG, and Hexcel Corporation.

These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.

Report Scope

Report Attributes

Details

Market size value in 2020

USD 63.6 billion

Revenue Forecast in 2028

USD 85.4 billion

CAGR

5.2% from 2021 - 2028

Base year

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Segments Covered

By Product, By Adhesion Technology, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

Arkema S.A., Artimelt AG, Avery Dennison Corporation, H.B. Fuller Company, 3M Company, Ashland Global Specialty Chemicals Inc., AdCo (UK) Ltd, Henkel AG, Beardow Adams, Huntsman Corporation, Dow Inc., Sika AG, Illinois Tool Works Inc., Wacker Chemie AG, and Hexcel Corporation.

 

Explore the landscape of adhesives and sealants in 2021 through detailed market share, size, and revenue growth rate statistics meticulously organized by Polaris Market Research Industry Reports. This expansive analysis goes beyond the present, offering a forward-looking market forecast till 2028, coupled with a perceptive historical overview. Immerse yourself in the depth of this industry analysis by acquiring a complimentary PDF download of the sample report.