According to the report, the global sealants and adhesives market reached a value of USD 64.52 billion in 2022. Aided by the burgeoning requirements in various industries such as construction, automotive, and packaging, the market is projected to further grow at a CAGR of 3.7% between 2023 and 2028 to reach a value of USD 80.24 billion by 2028.
Sealants and adhesives are distinct, yet related compounds extensively utilised across various sectors. Sealants, typically serving as gap fillers, offer resistance against air, noise, dust, and even pests. Adhesives, on the other hand, are primarily used for bonding surfaces together. Both these compounds are indispensable, owing to their wide-ranging functionalities, including binding, sealing, insulation, and corrosion protection.
A significant driver steering the sealants and adhesives market growth is the robust expansion of the construction sector. The global push for urbanisation and infrastructural development, combined with the increasing focus on energy-efficient and green buildings, necessitates the usage of high-quality sealants and adhesives. These products ensure structural integrity, durability, and enhanced insulation in modern architectural designs.
The automotive industry further amplifies the demand for sealants and adhesives. As the sector relentlessly pursues weight reduction strategies for vehicles to boost fuel efficiency, the traditional mechanical fasteners are being substituted with advanced adhesives. These adhesives not only achieve the desired weight reduction but also ensure optimum vehicular performance by providing superior bonding and sealing solutions.
Moreover, the burgeoning packaging industry, powered by e-commerce growth and the ever-evolving consumer preferences for secure and innovative packaging, leans heavily on adhesives. From securing packaging to ensuring product integrity during transit, adhesives play a pivotal role, thus magnifying their market presence.
The electronics sector further enhances bolsters the sealants and adhesives market demand. As electronic devices miniaturise and their designs become more intricate, there's a burgeoning demand for specialised adhesives that can ensure components remain firmly in place while also offering thermal management.
Furthermore, the sealants and adhesives industry is undergoing rapid innovation, pivoting towards sustainable and eco-friendly products. The escalating concerns regarding the environmental impacts of traditional sealants and adhesives have spurred research into bio-based and waterborne alternatives. Such innovations, focusing on reducing the carbon footprint, are not only environmentally beneficial but also cater to the shifting consumer preference towards green products, thereby increasing the sealants and adhesives market size.
The healthcare industry too provides an avenue for growth for the sealants market, particularly in the segment of medical-grade sealants. These products play a crucial role in surgeries and wound care, ensuring minimal leakage and promoting faster healing.
This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Sealants and adhesives are distinct, yet related compounds extensively utilised across various sectors. Sealants, typically serving as gap fillers, offer resistance against air, noise, dust, and even pests. Adhesives, on the other hand, are primarily used for bonding surfaces together. Both these compounds are indispensable, owing to their wide-ranging functionalities, including binding, sealing, insulation, and corrosion protection.
A significant driver steering the sealants and adhesives market growth is the robust expansion of the construction sector. The global push for urbanisation and infrastructural development, combined with the increasing focus on energy-efficient and green buildings, necessitates the usage of high-quality sealants and adhesives. These products ensure structural integrity, durability, and enhanced insulation in modern architectural designs.
The automotive industry further amplifies the demand for sealants and adhesives. As the sector relentlessly pursues weight reduction strategies for vehicles to boost fuel efficiency, the traditional mechanical fasteners are being substituted with advanced adhesives. These adhesives not only achieve the desired weight reduction but also ensure optimum vehicular performance by providing superior bonding and sealing solutions.
Moreover, the burgeoning packaging industry, powered by e-commerce growth and the ever-evolving consumer preferences for secure and innovative packaging, leans heavily on adhesives. From securing packaging to ensuring product integrity during transit, adhesives play a pivotal role, thus magnifying their market presence.
The electronics sector further enhances bolsters the sealants and adhesives market demand. As electronic devices miniaturise and their designs become more intricate, there's a burgeoning demand for specialised adhesives that can ensure components remain firmly in place while also offering thermal management.
Furthermore, the sealants and adhesives industry is undergoing rapid innovation, pivoting towards sustainable and eco-friendly products. The escalating concerns regarding the environmental impacts of traditional sealants and adhesives have spurred research into bio-based and waterborne alternatives. Such innovations, focusing on reducing the carbon footprint, are not only environmentally beneficial but also cater to the shifting consumer preference towards green products, thereby increasing the sealants and adhesives market size.
The healthcare industry too provides an avenue for growth for the sealants market, particularly in the segment of medical-grade sealants. These products play a crucial role in surgeries and wound care, ensuring minimal leakage and promoting faster healing.
Market Segmentation
The adhesives market can be divided based on product type and application.Market Breakup by Product Type
Reactive Systems
- Epoxy
- Polyurethane
- Others
Solvent Based
- Vinyl Acetate
- PVA (Polyvinyl Acetate)
- Rubber
- Others
Water Based
- Acryl Emulsion
- Vinyl Acetate
- Others
Hot Melt
- EVA (Ethylene Vinyl Acetate)
- Rubber
- Others
- Others
Market Breakup by Application
- Paper, Board and Related Products
- Building, Construction, Civil Engineering, Craftsmen
- Woodworking and Joinery
- Transportation
- Footwear and Leather
- Consumer/DIY
- Assembly Operations
- Others
Market Breakup by Product Type
- Silicones
- Acrylic
- Butyls
- Polysulphides
- Polyurethanes
- Others
Market Breakup by Application
- Construction (Incl. Insulating Glass, Glazing)
- Consumer/DIY
- Assembly
- Transportation
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sealants and adhesives market. Some of the major players explored in the report are as follows:- Henkel AG & Co. KGaA
- Sika AG
- Bostik SA
- H.B. Fuller Company
- Evonik Industries AG
- The Dow Chemical Company
- 3M Company
- Saint-Gobain S.A
- Wacker Chemie AG
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges13 Value Chain Analysis15 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Sealants and Adhesives Market Analysis
9 Regional Analysis
10 Global Adhesives Market Analysis
11 Global Sealants Market Analysis
12 Market Dynamics
14 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Henkel AG & Co. KGaA
- Sika AG
- Bostik SA
- Saint-Gobain S.A
- H.B. Fuller Company
- Evonik Industries AG
- The Dow Company
- 3M Company
- Wacker Chemie AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 66.91 Billion |
| Forecasted Market Value ( USD | $ 80.24 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
